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Nova AgriTech Ltd.

IPO Details · GMP · Subscription · Financials

✅ Listed NSE & BSE Mainboard Live Chart
Issue Price
₹41
Per Share
GMP
NIL
Grey Market
Est. Listing
₹41
Expected Price
Min. Application
₹29,930
2 lots × 365 shares
IPO Issue Details
Issue Price / Price Band₹41 per share (Fixed Price)
Face Value₹2 Per Share
Lot Size365 Shares per Lot
Total Issue Size3,50,75,693 shares (aggregating up to ₹143.81 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital-cum-Offer for Sale
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenTue, 23 Jan 2024
Subscription CloseThu, 25 Jan 2024
Anchor AllotmentFri, 19 Jan 2024
Basis of AllotmentMon, 29 Jan 2024
Initiation of RefundsTue, 30 Jan 2024
Credit of Shares to DematTue, 30 Jan 2024
Listing DateWed, 31 Jan 2024
UPI Mandate Deadline2024-01-25
Application & Investment Details
Retail — Min (1 Lots)14,965 — 365 shares
Retail — Max (13 Lots)₹194,545 (13 Lots)
HNI — Min (67 Lots)10,02,655 — 24,455 shares
EPS (Pre-IPO)₹3.14
EPS (Post-IPO)₹2.24
P/E Ratio (Pre-IPO)13.05x
P/E Ratio (Post-IPO)18.27x
Pre-IPO Promoter Holding6,52,02,740 shares
Post-IPO Promoter Holding9,25,19,813 shares
Fresh Issue Shares2,73,17,073 shares (aggregating up to ₹112.00 Cr)
Offer for Sale Shares77,58,620 shares of ₹2 (aggregating up to ₹31.81 Cr)
About Nova AgriTech Ltd.

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.

Objects of the Issue

Nova AgriTech Ltd. proposes to utilise the net proceeds from the Issue for the following objects:

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.
Shareholding & Lock-in
Pre-IPO Promoter Holding 6,52,02,740 shares
Post-IPO Promoter Holding 9,25,19,813 shares
Lock-in Period (30%)February 28, 2024
Lock-in Period (50%)April 28, 2024
Check AllotmentCheck Status →
Nova AgriTech Ltd. — Live Price LIVE
₹41.00
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Issue ₹41.00 Live Price
Quick Facts
GMP Signal ⚪ No GMP
StatusListed
Issue Price₹41
GMPNIL
Est. Listing₹41
Lot Size365 shares
Min Amount₹29,930
Listing Date31 Jan 2024
Disclaimer: GMP is unofficial and unregulated. It does not guarantee actual listing price.
Listing Performance
Issue Price₹41
Listing Date31 Jan 2024
Listing Price
Listing Gain/Loss—%
52-Week High
52-Week Low
Issue Structure & Reservation
Category Shares Offered % Issue Amount (₹ Cr)* Subscription
TOTAL 35,075,693 100.00% ₹143.81 Cr
* Based on ₹41.00 (upper price band)
Lot Size & Investment Details
Lot Size
365
Shares
Issue Price
₹41.00
Per Share
Min Investment
₹14,965
1 Lot
Category Lots Shares Amount (₹)
Retail (Min) 1 365 ₹14,965
Retail (Max) 13 4,745 ₹194,545
sNII (Min) 14 5,110 ₹209,510
bNII (Min) 68 24,820 ₹1,017,620
Company Financials — Restated Consolidated (Amount In Crore)
Particulars30 Sep 202331 Mar 202322 Mar 2022
Revenue from Operations 103.24 210.93 185.61
EBITDA N/A N/A N/A
Profit After Tax (PAT) 10.38 20.49 13.69
Net Worth 74.23 63.88 43.19
Total Assets 196.37 180.78 160.30
Reserves & Surplus 60.97 50.59 30.10
Total Borrowings 68.50 70.96 64.27
Key Ratios & Valuation
Issue Price ₹41
Face Value ₹2 Per Share
P/BV 4.06
RoE 38.27%
RoCE 27.25%
RoNW 32.08%
PAT Margin (%) N/A
EBITDA Margin (%) N/A
Debt / Equity 1.11
Company Details
Company
Nova AgriTech Ltd.
Exchange
NSE & BSE
IPO Type
Mainboard IPO
Issue Type
Bookbuilding IPO
Face Value
₹2 Per Share
Script Code
N/A
Address
Sy.No.251/A/1, Singannaguda Village Mulugu Mandal Siddipet, Medak- 502279 Siddipet, Telangana
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