Upcoming IPO: NOVA AgriTech Limited
Nova AgriTech IPO is a book-built issue of Rs 143.81 crores, comprising a fresh issue of 2.73 crore shares amounting to Rs 112.00 crores and an offer for sale of 0.78 crore shares totaling Rs 31.81 crores. The subscription period for the IPO is from January 22 to January 24, 2024, with allotment expected to be finalized on January 25, 2024. The listing on BSE and NSE is tentatively scheduled for January 30, 2024. The IPO price band is set at ₹39 to ₹41 per share, and the minimum lot size for retail investors is 365 shares, requiring a minimum investment of ₹14,965. Strategic Non-Institutional Investors (sNII) and Business Non-Institutional Investors (bNII) have specific lot sizes and investment amounts.
Important Dates:
| Opening Date | 22 Jan 2024 |
| Closing Date | 24 Jan 2024 |
| Allotment Date | 25 Jan 2024 |
| Listing Date | 30 Jan 2024 |
| Issue Price | ₹39 to ₹41 per share |
| Minimum Lot Size | 365 Shares |
| Listing At | BSE, NSE |
Subscription Details:
| Total Issue Size | 35,075,693 shares (aggregating up to ₹143.81 Cr) |
| Fresh Issue | 27,317,073 shares (aggregating up to ₹112.00 Cr) |
| Offer for Sale | 7,758,620 shares of ₹2 (aggregating up to ₹31.81 Cr) |
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Reservation Details:
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Lot Size of NOVA Agritech Ltd IPO:
| 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 |
Nova Agri Tech Day-wise IPO GMP Trend
| GMP Date | Â Â Â IPO Price | Â Â Â Â GMP | Estimated Listing Price | Â Â Â Â Â Â Â Last Updated | |
| 19-01-2024 |  41.00 |     ₹20 |         ₹61 (48.78%) |         19-Jan-2024 | |
| 18-01-2024 |      41.00 |     ₹0 |         ₹ (0%) |         18-Jan-2024 | |
| 17-01-2024 |      41.00 |     ₹0 |         ₹ (0%) |         17-Jan-2024 | |
| 16-01-2024 |      41.00 |     ₹0 |         ₹ (0%) |         16-Jan-2024 |
Registrar:Â Â Â Â Â Â
Bigshare Services Pvt Ltd is the registrar for the issue.
About NOVA Agritech Limited:
Nova Agritech Limited was incorporated as a private limited company under the provisions of the Companies Act, 1956 on May 9, 2007 at Hyderabad, Andhra Pradesh. Our business was started by our founders Sambasivarao Yeluri and Kalyana Chakravarthy with an objective to be a one-stop solution provider by offering ecologically sustainable and nutritionally balanced products to the farmers.
We are an agri-input manufacturer offering soil health management, crop nutrition and crop protection products focused on tech-based farmer driven solution approach, wherein we mainly offer ecologically sustainable and nutritionally balanced products based on our R&D. We manufacture, distribute and market a wide range of product categories consisting of (a) soil health management products; (b) crop nutrition products; (c) bio stimulant products; (d) bio pesticide products (e) Integrated Pest Management (IPM) products; (f) new technologies; and (g) crop protection products. Currently, the crop protection products are manufactured by our subsidiary Nova Agri Sciences Private Limited.
We have received a total of 629 product registrations comprising of 7 registrations in the soil health management category, 168 registrations in the crop nutrition category, 4 registrations in bio pesticide category and 450 registrations in the crop protection category. All of the 450 registrations in the crop protection category are in the name of Nova Agri Sciences Private Limited. Further, we have applied for 53 registrations for new products across various categories in the name of Nova Agri Sciences Private Limited (NASPL) and 26 new registrations in the name of Nova Agritech Limited (NATL).
Nova AgriTech IPO – Frequently Asked Questions
1. What is the total size of the Nova AgriTech IPO?
- The total issue size is 35,075,693 shares, aggregating up to ₹143.81 Crores. This includes a fresh issue of 27,317,073 shares (₹112.00 Crores) and an offer for sale of 7,758,620 shares (₹31.81 Crores).
2. When is the subscription period for the Nova AgriTech IPO?
- The subscription period for the IPO opens on January 22, 2024, and closes on January 24, 2024.
3. When will the allotment for the Nova AgriTech IPO be finalized?
- The allotment is expected to be finalized on Thursday, January 25, 2024.
4. What is the tentative listing date for Nova AgriTech IPO?
- Nova AgriTech IPO is tentatively scheduled to list on BSE and NSE on Tuesday, January 30, 2024.
5. What is the price band for Nova AgriTech IPO?
- The price band for the IPO is set at ₹39 to ₹41 per share.
6. What is the minimum lot size for retail investors?
- The minimum lot size for retail investors is 365 shares, requiring a minimum investment of ₹14,965.
7. Are there specific lot sizes and investment amounts for Strategic Non-Institutional Investors (sNII) and Business Non-Institutional Investors (bNII)?
- Yes, the lot size 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.
8. What are the important dates related to Nova AgriTech IPO?
- Opening Date: January 22, 2024
- Closing Date: January 24, 2024
- Allotment Date: January 25, 2024
- Listing Date: January 30, 2024
9. Who are the book running lead managers for Nova AgriTech IPO?
- Keynote Financial Services Ltd and Bajaj Capital Limited are the book running lead managers.
10. Who is the registrar for the issue?
- Bigshare Services Pvt Ltd is the registrar for the Nova AgriTech IPO.
DISCLAIMER: None of the financial information published herein should be construed as an offer to buy or sell securities or as advice in any way. All information published herein is for educational and informational purposes only and should not be relied upon as a basis for investment decisions under any circumstances. Readers must consult a qualified financial advisor before making any actual investment decisions based on the information published herein. Any reader who makes decisions based on the information published herein does so solely at his or her own risk. Investors should be aware that any investment in equity markets is subject to unpredictable market-related risks. The author does not intend to invest in this offering.
