IPO

Nova Agri Tech Limited IPO

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Fertilizers

Listed On: Jan 31, 2024 at ₹ 55.0(NSE)

₹ 14965 /365 Shares

Check Allotment

23 Jan, 2024

Open Date

25 Jan, 2024

Close Date

29 Jan, 2024

Allotment Date

31 Jan, 2024

Listing Date
Price Summary

Last Closing

38.07 (-7.15%)

52 Week High

70.10

52 Week Low

37.90

Last Update

18-Dec-2025 3:30 PM
Nova Agri Tech Limited IPO Issue Details
  • Issue Price ₹39-41 per equity share
  • Face Value ₹2 Per Equity Share
  • Total Issue Size 3,50,75,693 shares(aggregating up to ₹143.81 crore)
  • Fresh Share 2,73,17,073 shares(aggregating up to ₹112 crore)
  • Offer For Sale 77,58,620 shares(aggregating up to ₹31.81 crore)
  • Listing at BSE, NSE
  • List Price 55.0(NSE)
  • Listing Date 2024-01-31
  • Lead Manager Keynote Financial Services Ltd
    Bajaj Capital Limited
  • Registrar Bigshare Services Pvt Ltd
Market Lot Size

Investors can bid for a minimum of 365 shares and in multiples thereof. The following 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 4,745 ₹1,94,545
SHNI(min) 14 5,110 ₹2,09,510
SHNI(max) 66 24,090 ₹9,87,690
BHNI(min) 67 24,455 ₹10,02,655
Nova Agri Tech Limited IPO Reservation

Nova Agri Tech Limited IPO offers total 35,075,205 shares. Out of which 7,015,139 (20%) allocated to QIB, 5,261,354 (15%) allocated to NII,12,276,492 (35%) allocated to RII, NA (NA%) allocated to employees and 10,522,220 (30%) allocated to Anchor investors.

Investor Category Shares Offered Maximum Allottees
Anchor Investor Shares Offered 10,522,220 (30%)
QIB Shares Offered 7,015,139 (20%)
NII (HNI) Shares Offered 5,261,354 (15%)
bNII > ₹10L 3,507,569 (10%)
sNII < ₹10L 1,753,785 (5%)
Retail Shares Offered 12,276,492 (35%)
Total Shares Offered 35,075,205 (100%)
Nova Agri Tech Limited IPO Documents
DRHP
RHP
Nova Agri Tech Limited IPO Details


Nova Agri Tech Limited IPO is a book-built issue of ₹143.81 crores, The total issue size is ₹143.81 crores. The IPO of Nova Agri Tech Limited is priced at ₹39-41 per equity share, which has a face value of ₹2 Per Equity Share each, IPO bidding starts from Jan 23, 2024 and ends on Jan 25, 2024. The allotment for Nova Agri Tech Limited IPO will be finalized on Jan 29, 2024. Nova Agri Tech Limited IPO will be listed on BSE, NSE, with a tentative listing date fixed as Jan 31, 2024. The company shall list its equity shares on the BSE, NSE. Bigshare Services Pvt Ltd is the registrar of the issue.

Retail investors can bid for a minimum of 365 shares, extendable to 14,965. S-HNIs will be able to bid for 5,110 shares at ₹2,09,510, while B-HNIs can also apply for a bid of 24,455 shares at ₹10,02,655. The book-running lead manager for the IPO is/are Keynote Financial Services Ltd, Bajaj Capital Limited.

The total issue ₹143.81 crore, comprising a fresh issue of 2,73,17,073 shares ₹112 crore and having Offer for Sale (OFS) of 77,58,620 shares to mop up ₹31.81 crore.

The Nova Agri Tech Limited IPO sets its price band at 39-41 for each share. A single application for Nova Agri Tech Limited IPO must contain at least 365 shares. Sentiment investors need to invest a minimum of 365 through their retail account. For investors to prevent oversubscription issues, they should submit bids at the cutoff price, which estimates about ₹14,965 In order to participate in the sNII, investors must purchase at least 14 lots of 5,110 shares for ₹2,09,510, while the bNII requires 67 lots of 24,455 shares for an investment of ₹10,02,655.

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Nova Agri Tech Limited IPO Subscription Analysis And Details
Retail
77.00x
QIB
79.31x
NII
224.04x
bNII
222.52x
sNII
227.09x
Total
109.31x
As on QIB NII
bNII   sNII 		Retail Total
Shares Offered / Reserved 7,015,139 5,261,354
3,507,569    1,753,785 		12,276,492 24,552,985
Day 1 23-01-24 05:00 PM
0.62 x 14.68
10.68 x   22.70 x 		12.77 x 9.75 x
Day 2 24-01-24 05:00 PM
1.12 x 71.21
61.05 x   91.54 x 		36.24 x 33.85 x
Day 3 25-01-24 05:00 PM
79.31 x 224.04
222.52 x   227.09 x 		77.00 x 109.31 x
Total No of Applications
25,35,347
Nova Agri Tech Limited Valuations
EPS Pre IPO ₹3.14/-
EPS Post IPO ₹2.24/-
P/E Pre IPO 13.05
P/E Post IPO 18.27
ROE 38.27%
ROCE 27.25%
Debt/Equity 1.11
RoNW 32.08%
Price to Book Value 4.06
Nova Agri Tech Limited Company Financials
In Crs.
In Cr.
31-Mar-23 31-Mar-22 31-Mar-21
Assets 180.78 160.30 147.44
Revenue 210.93 185.61 160.93
Profit After Tax 20.49 13.69 6.30
Net Worth 63.88 43.10 29.43
Reserves & Surplus 50.59 30.10 16.41
Total Borrowing 70.96 64.27 51.10
About Nova Agri Tech Limited Company

Founded in May 2007, Hyderabad, Nova AgriTech Limited produces products that aid farmers to cultivate crops better. Three main focuses have been developed in this: soil health, plant nutrition, and crop protection. Technology-based manufacturing processes for these products aim at making the products more eco-friendly and nutritious. It consults farmers about their needs and then designs the product for that specific purpose to fulfill the farmer's needs.

The company produces, distributes, and markets wide ranges of product categories that include the following: (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. Crop protection products are the ones produced in the subsidiary of Nova Agri Sciences Private Limited.

As of 31 January 2023, the company had received a cumulative total of 629 product registrations. These comprised four categories - soil health management, plant nutrition, biopesticides and crop protection. These consist of 7 registrations in soil health management category, 168 registrations in plant nutrition category, 4 in the biopesticide category, and 450 in the crop protection category.By January 31, 2023, the company has 13 Kisan Mitras and 253 Kisan Sevaks at its base.By 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 has three levels: NKSK Coordinators, Kisan Mitras and Kisan Sevaks. This ensures personal contact with the farmers at the grassroots level.

The sales force staff is at 215 people and operates on the many brands, distribution channels, and product promotion made.

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Nova Agri Tech Limited - Promoter(s)

Suraksha Agri Retails (India) Private Limited

Malathi S

Kiran Kumar Atukuri

Pre Issue Share Holding : 84.27%

Post Issue Share Holding : 59.39%

Nova Agri Tech Limited IPO - Issue Objectives
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

5

General corporate purposes.

Nova Agri Tech Limited IPO - Anchor Investors

Nova Agritech IPO: Company raises Rs 43.14 crore via anchor book.

AG Dynamic Funds is the biggest investor amongst them, buying nearly Rs 13 crore equity shares in the company, while Neomile Growth Fund - Series I, Saint Capital Fund, and Quantum-State Investment Fund picked more than Rs 10 crore worth shares each.

Nova Agri Tech Limited IPO - Peers Comparison
Company Name EPS (Basic) EPS (Diluted) NAV (per share) (Rs) P/E (x) RoNW (%) P/BV Ratio Financial statements
Nova AgriTech Limited 3.27 3.27 10.09 13.05 38.27 N/A Consolidated
Aries Agro Ltd 13.17 13.17 186.75 15.44 6.82 1.09 Consolidated
Aimco Pesticides Limited -2.28 -2.28 48.3 -56.62 -4.52 2.67 Consolidated
Basant Agrotech Limited 2.02 2.02 18.86 10.54 11.34 1.13 Standalone
Best Agrolife Limited 19.91 19.91 152.04 41.93 14.02 5.49 Standalone
Bhagiradha Chemicals & Industries Ltd 44.35 44.35 301.34 11.3 17.95 1.66 Consolidated
Heranba Industries Limited 27.52 27.52 203.96 13.56 14.39 1.83 Standalone
India Pesticides Limited 12.57 12.57 67.3 29.51 20.44 5.51 Standalone
Madras Fertilizers Limited 11.5 11.5 -17.82 9.35 -46.77 -6.03 Standalone
Dharmaj Crop Guard Limited 12.03 12.03 95.1 21.89 16.3 2.77 Standalone

Notes:

  1. Closing price of these equity shares as on February 24, 2023, on NSE website.
  2. P/E Ratio is computed as the closing market price of equity shares on February 24, 2023, divided by the Diluted EPS.
  3. Return on Net Worth (RoNW) is calculated as restated profit/loss for the year attributable to equity shareholders divided by Net Worth at the end of the year.
  4. Net Asset Value (NAV) per share is computed as the total equity of the company as of March 31, 2023, divided by the outstanding number of equity shares at the end of the year.
Contact Details

Nova Agri Tech Limited

Sy.No.251/A/1, Singannaguda Village Mulugu Mandal Siddipet, Medak- 502279

+91 84 54253446

ipo@novaagri.in

https://novaagri.in/

Registrar Contact Details

Bigshare Services Pvt Ltd

+91-22-6263 8200

ipo@bigshareonline.com

https://ipo.bigshareonline.com/ipo_status.html