Nova Agri Tech Limited IPO
Nova Agri Tech Limited IPO is listed on BSE and NSE, priced at ₹39–₹41 per share. The stock debuted at ₹55, delivering a listing gain of 34.1%. The IPO had a lot size of ₹365 shares and a minimum investment of ₹14,965.
Nova Agri Tech Limited IPO
- IPO Dates
- Jan 23, 2024 – Jan 25, 2024
- Price band
- ₹39-41 per equity share
- Minimum Investment
- ₹14,965
- Issue size
- ₹143.81 Cr
- Lot size
- 365
- Allotment Date
- Jan 29, 2024
- Listing
- Jan 31, 2024
- Listing At
- BSE, NSE
IPO timeline
-
Jan 23, 2024
Open Date
Completed
-
Jan 25, 2024
Close Date
Completed
-
Jan 29, 2024
Allotment Date
Completed
-
Jan 31, 2024
Listing Date
Completed
Price Summary
- Last closing
- 28.01 (-31.68%)
- 52 week high
- 62.84
- 52 week low
- 18.12
- Last update
Nova Agri Tech Limited IPO Essentials
Nova Agri Tech Limited IPO Details
Nova Agri Tech Limited IPO is priced at ₹39-41 per share with a total issue size of 143.81 crore. The IPO has a lot size of 365 shares and is listed on BSE and NSE.
- Issue price
- ₹39-41 per equity share
- Lot size
- 365 shares
- Face value
- ₹2 Per Equity Share
- Issue size
- Total ₹143.81 Cr :
#Fresh Issue : 27,317,073 shares(aggregating up to ₹112.00 Cr) +
#OFS : 7,758,620 shares of ₹2(aggregating up to ₹31.81 Cr) - Total issue size
- 3,50,75,693 shares
(aggregating up to ₹143.81 crore) - Fresh issue
- 2,73,17,073 shares
(aggregating up to ₹112 crore) - Offer for sale (OFS)
- 77,58,620 shares
(aggregating up to ₹31.81 crore) - Listing at
- BSE, NSE
- List price
- 55.0(NSE)
- Listing date
- Registrar
- Bigshare Services Pvt Ltd
- Lead manager
-
Keynote Financial Services Ltd, Bajaj Capital Limited
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 |
| sHNI(min) | 67 | 24,455 | ₹10,02,655 |
Nova Agri Tech Limited IPO Reservation
Nova Agri Tech Limited IPO reservation details show category-wise allocation of shares. Out of the total 35,075,205 shares, approximately 20% are reserved for QIB, 15% for NII, 35% for retail investors, and 30% for 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%) | |
| bHNI > ₹10L | 3,507,569 (10%) | 686 |
| sHNI < ₹10L | 1,753,785 (5%) | 343 |
| Retail Shares Offered | 12,276,492 (35%) | 33,634 |
| Total Shares Offered | 35,075,205 (100%) |
Nova Agri Tech Limited IPO Analytics
Nova Agri Tech Limited IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Nova Agri Tech Limited IPO Subscription Status
Nova Agri Tech Limited IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| As on | QIB |
NII
bHNI
sHNI
|
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 |
14.68x
10.68x
22.70x
|
12.77 x | 9.75 x |
|
Day 2
24-01-24 05:00 PM
|
1.12 x |
71.21x
61.05x
91.54x
|
36.24 x | 33.85 x |
|
Day 3
25-01-24 05:00 PM
|
79.31 x |
224.04x
222.52x
227.09x
|
77.00 x | 109.31 x |
Nova Agri Tech Limited Valuations
Earnings
- EPS Pre IPO
- ₹3.14/-
- EPS Post IPO
- ₹2.24/-
- P/E Pre IPO
- 13.05
- P/E Post IPO
- 18.27
Returns
- ROE
- 38.27%
- ROCE
- 27.25%
- RoNW
- 32.08%
Fundamentals
- Debt / Equity
- 1.11
- Price / Book
- 4.06
Nova Agri Tech Limited Financials( In Crs.)
| 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 |
Nova Agri Tech Limited Company & Offer Insights
About Nova Agri Tech Limited
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.
Nova Agri Tech Limited Promoter(s)
Suraksha Agri Retails (India) Private Limited, Malathi S, Kiran Kumar Atukuri are the company's promoters of Nova Agri Tech Limited.
Nova Agri Tech Limited IPO Issue Objectives
- •
- Investment in the subsidiary, Nova Agri Sciences Private Limited for setting-up a new formulation plant
- •
- Funding Capital Expenditure in the Company, towards expansion of the existing formulation plant
- •
- Funding of working capital requirements of the company
- •
- Investment in the subsidiary, Nova Agri Sciences Private Limited, for funding working capital requirements
- •
- 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:
- Closing price of these equity shares as on February 24, 2023, on NSE website.
- P/E Ratio is computed as the closing market price of equity shares on February 24, 2023, divided by the Diluted EPS.
- 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.
- 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 Information
Contact Details
Nova Agri Tech Limited
+91 84 54253446
Sy.No.251/A/1, Singannaguda Village Mulugu Mandal Siddipet, Medak- 502279
Registrar Contact Details
Bigshare Services Pvt Ltd
+91-22-6263 8200
Frequently Asked Questions
Click any question to reveal the answer
Nova Agri Tech Limited IPO is a book-built IPO worth ₹143.81 crore. The price band is ₹39–₹41 per share. The IPO opens on Jan 23, 2024 and closes on Jan 25, 2024. It will be listed on BSE and NSE. Bigshare Services Pvt Ltd is the registrar.
The price band of Nova Agri Tech Limited IPO is ₹39 to ₹41 per share.
The lot size of Nova Agri Tech Limited IPO is 365 shares.
The minimum investment for Nova Agri Tech Limited IPO is approximately ₹14,965 based on the upper price band .
Nova Agri Tech Limited IPO opens on Jan 23, 2024 and closes on Jan 25, 2024.
The allotment date of Nova Agri Tech Limited IPO is Jan 29, 2024.
Nova Agri Tech Limited IPO is expected to be listed on Jan 31, 2024, on BSE and NSE .
Nova Agri Tech Limited IPO listed on Jan 31, 2024. It was issued at ₹55.0(NSE) and is currently around ₹28.01 as on 14-May-2026 3:30 PM, which is approximately -31.7% versus issue price. The 52-week high is ₹62.84.
Based on listing and post-listing performance, Nova Agri Tech Limited IPO delivered around -31.7% over issue price. Whether it was worth applying depends on your risk profile, allocation, and holding horizon.
To buy Nova Agri Tech Limited IPO shares after listing, log in to your broker app (such as Zerodha, Angel One, Groww, Upstox, ICICI Direct), search the stock symbol, place a delivery/CNC order, and confirm quantity and price.
Nova Agri Tech Limited IPO valuation snapshot: P/E 18.27, EPS ₹2.24/-, P/B 4.06, RoNW 32.08%, and market cap N/A.
To apply for Nova Agri Tech Limited IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Nova Agri Tech Limited IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Nova Agri Tech Limited IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Nova Agri Tech Limited IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Nova Agri Tech Limited IPO allotment status on IPO Ji for quick and easy access.