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Nova AgriTech Limited IPO (Nova AgriTech IPO) Detail

January 23, 2024 - January 25, 2024

Nova AgriTech IPO is a book built issue of Rs 143.81 crores. The issue is a combination of fresh issue of 2.73 crore shares aggregating to Rs 112.00 crores and offer for sale of 0.78 crore shares aggregating to Rs 31.81 crores.

Nova AgriTech IPO bidding started from January 23, 2024 and ended on January 25, 2024. The allotment for Nova AgriTech IPO was finalized on Monday, January 29, 2024. The shares got listed on BSE, NSE on January 31, 2024.

Nova AgriTech IPO price band is set at ₹39 to ₹41 per share. The minimum lot size for an application is 365 Shares. The minimum amount of investment required by retail investors is ₹14,965. The minimum lot size investment for sNII is 14 lots (5,110 shares), amounting to ₹209,510, and for bNII, it is 67 lots (24,455 shares), amounting to ₹1,002,655.

Keynote Financial Services Ltd and Bajaj Capital Limited are the book running lead managers of the Nova AgriTech IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

Refer to Nova AgriTech IPO RHP for detailed information.

Nova AgriTech IPO Details

IPO Date January 23, 2024 to January 25, 2024
Listing Date January 31, 2024
Face Value ₹2 per share
Price Band ₹39 to ₹41 per share
Lot Size 365 Shares
Total Issue Size35,075,693 shares
(aggregating up to ₹143.81 Cr)
Fresh Issue27,317,073 shares
(aggregating up to ₹112.00 Cr)
Offer for Sale7,758,620 shares of ₹2
(aggregating up to ₹31.81 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
Share holding pre issue65,202,740
Share holding post issue92,519,813

Nova AgriTech IPO Reservation

Nova AgriTech IPO offers 35,075,205 shares. 7,015,139 (20.00%) to QIB, 5,261,354 (15.00%) to NII, 12,276,492 (35.00%) to RII and 10,522,220 (30.00%) to Anchor investors. 33,634 RIIs will receive minimum 365 shares and 343 (sNII) and 686 (bNII) will receive minimum 5,110 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered10,522,220 (30.00%)NA
QIB Shares Offered7,015,139 (20.00%)NA
NII (HNI) Shares Offered5,261,354 (15.00%)
  bNII > ₹10L3,507,569 (10.00%)686
  sNII < ₹10L1,753,785 (5.00%)343
Retail Shares Offered12,276,492 (35.00%)33,634
Total Shares Offered35,075,205 (100%)

Nova AgriTech IPO Anchor Investors Details

Nova AgriTech IPO raises Rs 43.14 crore from anchor investors. Nova AgriTech IPO Anchor bid date is January 19, 2024. Nova AgriTech IPO Anchor Investors list

Bid Date January 19, 2024
Shares Offered 10,522,220
Anchor Portion Size (In Cr.) 43.14
Anchor lock-in period end date for 50% shares (30 Days) February 28, 2024
Anchor lock-in period end date for remaining shares (90 Days) April 28, 2024

Nova AgriTech IPO Timeline (Tentative Schedule)

Nova AgriTech IPO opens on January 23, 2024, and closes on January 25, 2024.

IPO Open Date Tuesday, January 23, 2024
IPO Close Date Thursday, January 25, 2024
Basis of Allotment Monday, January 29, 2024
Initiation of Refunds Tuesday, January 30, 2024
Credit of Shares to Demat Tuesday, January 30, 2024
Listing Date Wednesday, January 31, 2024
Cut-off time for UPI mandate confirmation 5 PM on January 25, 2024

Nova AgriTech IPO Lot Size

Investors can bid for a minimum of 365 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 365 ₹14,965
Retail (Max) 13 4745 ₹194,545
S-HNI (Min) 14 5,110 ₹209,510
S-HNI (Max) 66 24,090 ₹987,690
B-HNI (Min) 67 24,455 ₹1,002,655
Lot Size Calculator

Nova AgriTech IPO Promoter Holding

The promoters of the company are Suraksha Agri Retails (India) Private Limited, Malathi S, and Kiran Kumar Atukuri.

Share Holding Pre Issue 84.27%
Share Holding Post Issue 59.39%

About Nova AgriTech Limited

Founded in Hyderabad in May 2007, Nova AgriTech Limited manufactures products that help farmers grow crops better. The main focus is on three things: Soil health, plant nutrition and crop protection. The products are manufactured using technology and are designed to be environmentally friendly and nutritious. The company collaborates with farmers to gain insight into their needs and develop customized solutions that meet their requirements.

The company manufactures, distributes and markets a broad range of product categories, including (a) soil health products, (b) crop nutrition products, (c) biostimulants, (d) biopesticides, (e) integrated pest management (IPM) products, (f) new technologies and (g) crop protection products. The subsidiary Nova Agri Sciences Private Limited is currently responsible for the production of crop protection products.

As of January 31, 2023, the company has received a total of 629 product registrations. These registrations are divided into four categories, namely soil health management, plant nutrition, biopesticides and crop protection. These include 7 registrations in the soil health management category, 168 registrations in the plant nutrition category, 4 registrations in the biopesticide category and 450 registrations in the crop protection category.

By January 31, 2023, the company has 13 Kisan Mitras and 253 Kisan Sevaks at its base.

As on January 31, 2023, the Company has a team of 32 NKSK Coordinators, all of whom have a degree in Agricultural Sciences and are on the Company's payroll.The NKSK program comprises three levels: NKSK Coordinators, Kisan Mitras and Kisan Sevaks. This ensures personal contact with the farmers at the grassroots level.

The company employs 215 people in its sales team. They manage brand sales, distribution channels, and product promotion.

Nova AgriTech Limited Financial Information (Restated Consolidated)

Period Ended30 Sep 202331 Mar 202322 Mar 202231 Mar 2021
Assets196.37180.78160.30147.44
Revenue103.24210.93185.61160.93
Profit After Tax10.3820.4913.696.30
Net Worth74.2363.8843.1929.43
Reserves and Surplus60.9750.5930.1016.41
Total Borrowing68.5070.9664.2751.10
Amount in ₹ Crore

Key Performance Indicator

The market capitalization of Nova AgriTech IPO is Rs 379.33 Cr.

KPI Values
ROE38.27%
ROCE27.25%
Debt/Equity1.11
RoNW32.08%
P/BV4.06
Pre IPO Post IPO
EPS (Rs) 3.142.24
P/E (x) 13.0518.27
Note:
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2023 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2023 that is available in RHP.

Objects of the Issue (Nova AgriTech IPO Objectives)

The net proceeds of the Fresh Offer, i.e. gross proceeds of the Fresh Offer less the offer expenses apportioned to the company ("Net Proceeds") are proposed to be utilised in the following manner:

  1. Investment in the subsidiary, Nova Agri Sciences Private Limited for setting-up a new formulation plant;
  2. Funding Capital Expenditure in the Company, towards expansion of the existing formulation plant;
  3. Funding of working capital requirements of the company;
  4. Investment in the subsidiary, Nova Agri Sciences Private Limited, for funding working capital requirements; and
  5. General corporate purposes.

Nova AgriTech IPO Review (May apply)

[Dilip Davda]  The company is operating in a highly competitive segment of agri-input. It posted growth for the last three fiscals, but H1 of FY24 indicates static performance. Based on FY24 annualized earnings, the issue appears fully priced. Well-informed investors may park funds for the medium to long term rewards. Read detail review...


Nova AgriTech IPO Subscription Status (Bidding Detail)

The Nova AgriTech IPO is subscribed 113.21 times on January 25, 2024 7:02:00 PM. The public issue subscribed 80.20 times in the retail category, 81.13 times in the QIB category, and 233.03 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB81.13
NII233.03
    bNII (bids above ₹10L)231.40
    sNII (bids below ₹10L)236.27
Retail80.20
Total113.21

Total Application : 2,540,394 (75.53 times)

Nova AgriTech IPO Prospectus

Nova AgriTech IPO Rating

15
3.2
Rating:Rated 3.2 stars
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Nova AgriTech IPO Listing Details

Listing Date January 31, 2024
BSE Script Code 544100
NSE Symbol NOVAAGRI
ISIN INE02H701025
Final Issue Price ₹41 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE
₹41.00
₹56.00
₹55.00
₹58.79
₹58.79
NSE
₹41.00
₹55.00
₹55.00
₹57.75
₹57.75

Check IPO Performance…

Nova AgriTech Limited Contact Details

Nova AgriTech Limited
Sy.No.251/A/1, Singannaguda Village
Mulugu Mandal
Siddipet, Medak- 502279
Phone: +91 84 54253446
Email: ipo@novaagri.in
Website: https://novaagri.in/

Nova AgriTech IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html

Nova AgriTech IPO - Buy or Not

Nova AgriTech IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 5 1 0
Members 0 0 1

Read All Reviews Post Your Review Manage Reviews

Nova AgriTech IPO FAQs

Nova AgriTech IPO is a main-board IPO of 35,075,693 equity shares of the face value of ₹2 aggregating up to ₹143.81 Crores. The issue is priced at ₹39 to ₹41 per share. The minimum order quantity is 365 Shares.

The IPO opens on January 23, 2024, and closes on January 25, 2024.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Zerodha customers can apply online in Nova AgriTech IPO using UPI as a payment gateway. Zerodha customers can apply in Nova AgriTech IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Nova AgriTech IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Nova AgriTech IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Nova AgriTech IPO opens on January 23, 2024 and closes on January 25, 2024.

Nova AgriTech IPO lot size is 365 Shares, and the minimum amount required is ₹14,965.

You can apply in Nova AgriTech IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Nova AgriTech IPO will be done on Monday, January 29, 2024, and the allotted shares will be credited to your demat account by Tuesday, January 30, 2024. Check the Nova AgriTech IPO allotment status.

The Nova AgriTech IPO listing date is on January 31, 2024.
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Nova AgriTech IPO Message Board

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750 Comments

289. Not Smart |   Link |  Bookmark |February 23, 2024 8:17:00 PM
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
No allotment 3lots HNI + 1 RT - Kotak ASBA
288. Not Smart |   Link |  Bookmark |February 23, 2024 8:15:25 PM
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
No allotment HNI+ RT in KOtak ASBA
287. Shriman |   Link |  Bookmark |February 21, 2024 11:35:41 PM
is it bullish on hold for 3-4 years, i got 2 lots allotment one i sold, one i wan to hold 4-5 years your precious views on this team
286. akudi |   Link |  Bookmark |February 15, 2024 11:41:52 AM (400+ Posts)
Have patience guys soon it will go 74-76
285. akudi |   Link |  Bookmark |February 14, 2024 2:44:38 PM (400+ Posts)
Dnt know abt result
285.4. JSK✨ |   Link |  Bookmark |February 14, 2024 8:01:49 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
Yes, i found it finally on BSE too. Will share summary soon.
285.5. JSK✨ |   Link |  Bookmark |February 14, 2024 9:19:17 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
Extending to @Rashed's financial data which is correct, adding sales too which falls under growth and matters to market stock price.

>> YOY: 71.5 % increase
QOQ : 39% increase

and

Sales - 15% increase.
284. JSK✨ |   Link |  Bookmark |February 14, 2024 8:34:59 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
In general:
Revenue/growth - good
Profit - great!
Q2Q result - good
Y2Y result - great

It is all about how market will react. Sometime great result brings stock price to lower and bad result brings stock price to higher. Everything looks +ve, let's hope for the best!

Please take a look:
https://www.screener.in/company/NOVAAGRI/consolidated/
283. JSK✨ |   Link |  Bookmark |February 14, 2024 12:13:50 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
​ @akudi @V Sneha @Naresh.Surat 

Please post quarterly result whenever you see it from any source. Mostly it will come after market close and tomorrow this stock will react accordingly. Don't forget to tag us to aware set of next actions or hold.
283.1. akudi |   Link |  Bookmark |February 14, 2024 2:44:17 PM (400+ Posts)
Its showing some momentum right now 67
282. Naresh.Surat |   Link |  Bookmark |February 13, 2024 9:57:54 AM
@akudi Sir, aaj kuchh boliye, ab kya karna hai???
282.1. akudi |   Link |  Bookmark |February 13, 2024 7:33:58 PM (400+ Posts)
Hahaha don't call me sir bruh
And yes i m still bullish today i also add some qty i m holding almost 1157 qty of nova
Result will key factor for this
Agar acha aaya bhai to 100 pka
281. akudi |   Link |  Bookmark |February 12, 2024 3:09:07 PM (400+ Posts)
Kal bola thana guys uc lagega see 100 is week me aa jayega
280. Sansri |   Link |  Bookmark |February 12, 2024 10:54:17 AM
Some nutrition has been fed today, should improve Nova's health.
279. V Sneha |   Link |  Bookmark |February 9, 2024 3:43:30 PM
Nova result is on Feb 14th, Wednesday @VARUN AGGARWAL
278. V Sneha |   Link |  Bookmark |February 8, 2024 7:34:16 PM
Nova Q3 results are on Feb 13th, is it estimated to be positive?? @JSK✨ Since you have a holding of huge qty, please let me know your insights sir, so i can hold my shares with confidence.. Im really scared of my investment going into loss today😓!!
278.4. VARUN AGGARWAL |   Link |  Bookmark |February 9, 2024 2:00:22 PM
ITS ON 12 FEB NOT 13
278.5. Chhote Lal |   Link |  Bookmark |February 11, 2024 9:00:30 PM
IPO Mentor IPO Mentor (5900+ Posts, 4300+ Likes)
Nova Agritech has informed BSE that Board of Directors will be meeting on 14th Feb, 2024 for Quarterly results.
277. Abhii VPG |   Link |  Bookmark |February 8, 2024 10:15:39 AM
IPO Mentor IPO Mentor (1000+ Posts, 300+ Likes)
Backfired!
277.5. akudi |   Link |  Bookmark |February 12, 2024 3:10:18 PM (400+ Posts)
Kal bola tha aaj ho bhi gya guys mene 65 me 600+ qty li he or 100 k niche bechna bhi met 125 aayega ab ye
277.6. Abhii VPG |   Link |  Bookmark |February 12, 2024 3:38:21 PM
IPO Mentor IPO Mentor (1000+ Posts, 300+ Likes)
Ok guys
276. sandyshores |   Link |  Bookmark |February 8, 2024 3:26:40 PM
Looks like a temporary downmove?
275. rahulkrjain |   Link |  Bookmark |February 8, 2024 9:24:39 AM (400+ Posts)
Just before few sec of LC, luckily exited at 75 price
275.1. Workerbee |   Link |  Bookmark |February 8, 2024 9:42:53 AM
I am not able to sell my ipo allotted share on Zerodha . Getting error novaagro is trade to trade stock category. Intrday not allowed. I am selling in cnc longterm. Please help rahul
274. Workerbee |   Link |  Bookmark |February 8, 2024 9:29:27 AM
I am not able to sell my ipo allotted share . Getting error novaagri is trade to trade stock category. Intrqday not allowed. I am selling in cnc longterm. Can someone help
274.1. Workerbee |   Link |  Bookmark |February 8, 2024 9:31:15 AM
I am trying to sell on zerodha
273. JSK✨ |   Link |  Bookmark |February 6, 2024 11:57:23 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
Bought 8000 shares today!
272. Abhii VPG |   Link |  Bookmark |February 6, 2024 9:49:34 AM
IPO Mentor IPO Mentor (1000+ Posts, 300+ Likes)
Sold the allotted lot today. ✔️
272.5. Shanm |   Link |  Bookmark |February 6, 2024 3:08:33 PM
great conviction. It will surprise & reward well.
272.6. Abhii VPG |   Link |  Bookmark |February 7, 2024 10:57:14 AM
IPO Mentor IPO Mentor (1000+ Posts, 300+ Likes)
UC again, & even stronger than before!
Great @JSK✨ ji 👌🏻
271. rahulkrjain |   Link |  Bookmark |February 4, 2024 3:03:29 PM (400+ Posts)
I mostly apply to all IPOs with full force, unless it’s very bad.
For this I just applied one shin out of 8 account and event forgot to check allotment, today while looking at transactions history got to know that amount debited for NOVA. Then I checked zero dha and found I have NOVA share and that to daily increasing.
271.4. Seth. |   Link |  Bookmark |February 6, 2024 12:26:54 AM
IPO Guru IPO Guru (1200+ Posts, 600+ Likes)
Not yet but it will be declared before 15 February .
Brutal selling and too much loss in Credo : (
271.5. IPOTraders |   Link |  Bookmark |February 6, 2024 1:08:55 AM
IPO Mentor IPO Mentor (800+ Posts, 400+ Likes)
@rahulkrjain Aisa bhi hota hai kya?
Grt.
From how many accounts you apply FF.
I immediately check for the allotment, from all my accounts, as soon as it is declared.
270. IPOATTIRE |   Link |  Bookmark |February 3, 2024 12:39:20 PM
I HAVE APPLIED FOR BHNI IN NOVA AND I GOT SHARES OF RS. 209633/- I.E. 5113 SHARES. BUT IN BHNI THE ALLOTMENT PROCESS IS ON LOTTERY BASIS IT MEANS I SHOULD HAVE GET BHNI CATEGORY SHARES. KINDLY REPLY WHAT IS THE PROCESS OF ALLOTMENT IN BHNI?
270.2. IPOATTIRE |   Link |  Bookmark |February 5, 2024 10:25:07 PM
@Chhote Lal  shni has chances of allotment share of approx amount of 2 lakhs and also bhni has chances of allotment is approx 2 lakhs then why investors will apply for bhni ? only for 5% more chances of getting allotment thats why ?
270.3. Chhote Lal |   Link |  Bookmark |February 5, 2024 11:09:05 PM
IPO Mentor IPO Mentor (5900+ Posts, 4300+ Likes)
@IPOATTIRE Hello, chances of allotment under BHNI are generally higher than that under SHNI. No idea, why you refered to that figure of 5% more chance ! It all depends on subscription levels and no. of lots applied for. For oversubscribed issue, Lottery is also proportionate to the lots. Suggest check the details provided in "Basis of Allotment" document. It is available in CG.com itself for Nova Agritech.