{"id":5588,"date":"2024-01-16T14:08:14","date_gmt":"2024-01-16T08:38:14","guid":{"rendered":"https:\/\/lakshmishree.com\/blog\/?p=5588"},"modified":"2024-01-20T08:58:13","modified_gmt":"2024-01-20T03:28:13","slug":"nova-agritech-ipo-details","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/blog\/nova-agritech-ipo-details\/","title":{"rendered":"Nova AgriTech IPO Details - Complete Overview of Nova AgriTech Limited IPO"},"content":{"rendered":"\n<p><strong>Nova AgriTech IPO Price: <\/strong>\u20b939 - \u20b941<strong><br>IPO Date Range:<\/strong> Jan 23, 2024 - Jan 25, 2024<\/p>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-vertically-aligned-center is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:35%\">\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-vertically-aligned-center is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:100%\"><div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\"><img fetchpriority=\"high\" decoding=\"async\" width=\"224\" height=\"225\" src=\"https:\/\/lakshmishree.com\/blog\/wp-content\/uploads\/2024\/01\/Nova-Agri-Tech-IPO.jpg\" alt=\"NOVA AgriTech IPO\" class=\"wp-image-5589\" style=\"width:194px;height:auto\" srcset=\"https:\/\/lakshmishree.com\/blog\/wp-content\/uploads\/2024\/01\/Nova-Agri-Tech-IPO.jpg 224w, https:\/\/lakshmishree.com\/blog\/wp-content\/uploads\/2024\/01\/Nova-Agri-Tech-IPO-45x45.jpg 45w, https:\/\/lakshmishree.com\/blog\/wp-content\/uploads\/2024\/01\/Nova-Agri-Tech-IPO-96x96.jpg 96w, https:\/\/lakshmishree.com\/blog\/wp-content\/uploads\/2024\/01\/Nova-Agri-Tech-IPO-150x151.jpg 150w\" sizes=\"(max-width: 224px) 100vw, 224px\" \/><\/figure>\n<\/div><\/div>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:65%\">\n<h2 class=\"wp-block-heading\">Foundation &amp; Business Essence<\/h2>\n\n\n\n<p>Established in May 2007, Nova AgriTech Limited, based in Hyderabad, specializes in manufacturing agricultural products with a primary focus on improving soil health, plant nutrition, and crop protection. The company works closely with farmers to understand their needs and creates tailored solutions to enhance crop growth.<\/p>\n<\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Product Portfolio<\/h2>\n\n\n\n<p>Utilizing advanced technology, Nova AgriTech manufactures environmentally friendly and nutritious products across diverse categories: <\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Soil health products<\/li>\n\n\n\n<li>Crop nutrition products <\/li>\n\n\n\n<li>Biostimulants<\/li>\n\n\n\n<li>Biopesticides <\/li>\n\n\n\n<li>Integrated pest management (IPM) products <\/li>\n\n\n\n<li>New technologies <\/li>\n\n\n\n<li>Crop protection products <\/li>\n<\/ul>\n\n\n\n<p>As of January 31, 2023, the company has secured a total of 629 product registrations, categorized into soil health management, plant nutrition, biopesticides, and crop protection. Notable registrations include 7 in soil health management, 168 in plant nutrition, 4 in biopesticides, and 450 in crop protection.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Market Expansion<\/h2>\n\n\n\n<p>Nova AgriTech boasts a dedicated team of 32 NKSK Coordinators, all equipped with degrees in Agricultural Sciences and employed by the company. The NKSK program, featuring Coordinators, Kisan Mitras, and Kisan Sevaks, ensures personalized engagement with farmers at the grassroots level.<\/p>\n\n\n\n<p>As of January 31, 2023, the company's team comprises 32 NKSK Coordinators with degrees in Agricultural Sciences, ensuring a strong foundation of expertise to provide personalized assistance and guidance through the NKSK program.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-background has-medium-font-size\" style=\"background:linear-gradient(115deg,rgb(254,205,165) 0%,rgb(254,45,45) 50%,rgb(107,0,62) 100%);font-style:normal;font-weight:700\">Bidding Starts In<\/h2>\n\n\n\n<div class=\"wp-block-uagb-countdown uagb-block-3d225132\"><div class=\"wp-block-uagb-countdown__box wp-block-uagb-countdown__box-days\"><div class=\"wp-block-uagb-countdown__time wp-block-uagb-countdown__time-days\">-<\/div><div class=\"wp-block-uagb-countdown__label\">DAYS<\/div><\/div><div class=\"wp-block-uagb-countdown__box wp-block-uagb-countdown__box-hours\"><div class=\"wp-block-uagb-countdown__time wp-block-uagb-countdown__time-hours\">-<\/div><div class=\"wp-block-uagb-countdown__label\">HOURS<\/div><\/div><div class=\"wp-block-uagb-countdown__box wp-block-uagb-countdown__box-minutes\"><div class=\"wp-block-uagb-countdown__time wp-block-uagb-countdown__time-minutes\">-<\/div><div class=\"wp-block-uagb-countdown__label\">MINUTES<\/div><\/div><div class=\"wp-block-uagb-countdown__box wp-block-uagb-countdown__box-seconds\"><div class=\"wp-block-uagb-countdown__time wp-block-uagb-countdown__time-seconds\">-<\/div><div class=\"wp-block-uagb-countdown__label\">SECONDS<\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-uagb-marketing-button uagb-marketing-btn__align-center uagb-marketing-btn__align-text-center uagb-marketing-btn__icon-after uagb-block-5217ab29 wp-block-button\"><a href=\"https:\/\/lakshmishree.com\/ipo\/\" class=\"uagb-marketing-btn__link wp-block-button__link\" target=\"_blank\" rel=\"noopener noreferrer\"><span class=\"uagb-marketing-btn__title\">APPLY NOW<\/span><svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 512 512\"><path d=\"M384 320c-17.67 0-32 14.33-32 32v96H64V160h96c17.67 0 32-14.32 32-32s-14.33-32-32-32L64 96c-35.35 0-64 28.65-64 64V448c0 35.34 28.65 64 64 64h288c35.35 0 64-28.66 64-64v-96C416 334.3 401.7 320 384 320zM488 0H352c-12.94 0-24.62 7.797-29.56 19.75c-4.969 11.97-2.219 25.72 6.938 34.88L370.8 96L169.4 297.4c-12.5 12.5-12.5 32.75 0 45.25C175.6 348.9 183.8 352 192 352s16.38-3.125 22.62-9.375L416 141.3l41.38 41.38c9.156 9.141 22.88 11.84 34.88 6.938C504.2 184.6 512 172.9 512 160V24C512 10.74 501.3 0 488 0z\"><\/path><\/svg><p class=\"uagb-marketing-btn__prefix\">Dream Big, Start with an IPO. Choose Lakshmishree.<\/p><\/a><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Nova AgriTech IPO Specifics:<\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td>IPO Date<\/td><td>January 23, 2024 to January 25, 2024<\/td><\/tr><tr><td>Listing Date<\/td><td>Wednesday, January 31, 2024<\/td><\/tr><tr><td>Face Value<\/td><td>\u20b92 per share<\/td><\/tr><tr><td>Price Band<\/td><td>\u20b939 to \u20b941 per share<\/td><\/tr><tr><td>Lot Size<\/td><td>365 shares<\/td><\/tr><tr><td>Total Issue Size<\/td><td>35,075,693 shares<br>(aggregating up to \u20b9143.81 Cr)<\/td><\/tr><tr><td>Fresh Issue<\/td><td>27,317,073 shares<br>(aggregating up to \u20b9112.00 Cr)<\/td><\/tr><tr><td>Offer For Sale <\/td><td>7,758,620 shares of \u20b92<br>(aggregating up to \u20b931.81 Cr)<\/td><\/tr><tr><td>Issue Type<\/td><td>Book Built Issue IPO<\/td><\/tr><tr><td>Listing At<\/td><td>BSE, NSE<\/td><\/tr><tr><td>Share holding pre issue<\/td><td>65,202,740<\/td><\/tr><tr><td>Share holding post issue<\/td><td>92,519,813<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Nova AgriTech IPO Lot Size<\/h2>\n\n\n\n<p>Investors have the option to bid for a minimum of 365 shares, and they can bid in multiples of this amount. The table below outlines the minimum and maximum investment amounts for retail investors and HNIs, both in terms of shares and total value.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>Application<\/th><th>Lots<\/th><th>Shares<\/th><th>Amount<\/th><\/tr><\/thead><tbody><tr><td>Retail (Min)<\/td><td>1<\/td><td>365<\/td><td>\u20b914,965<\/td><\/tr><tr><td>Retail (Max)<\/td><td>13<\/td><td>4,745<\/td><td>\u20b9194,545<\/td><\/tr><tr><td>S-HNI (Min)<\/td><td>14<\/td><td>5,110<\/td><td>\u20b9209,510<\/td><\/tr><tr><td>S-HNI (Max)<\/td><td>66<\/td><td>24,090<\/td><td>\u20b9987,690<\/td><\/tr><tr><td>B-HNI (Min)<\/td><td>67<\/td><td>24,455<\/td><td>\u20b91,002,655<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Nova AgriTech IPO Reservation<\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td>QIB Shares Offered<\/td><td>Not more than 50% of the Net Issue<\/td><\/tr><tr><td>Retail Shares Offered<\/td><td>Not less than 35% of the Net Issue<\/td><\/tr><tr><td>NII (HNI) Shares Offered<\/td><td>Not less than 15% of the Net Issue<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Nova AgriTech IPO Timetable (Important Dates)<\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td>IPO Open Date<\/td><td>Tuesday, January 23, 2024<\/td><\/tr><tr><td>IPO Close Date<\/td><td>Thursday, January 25, 2024<\/td><\/tr><tr><td>Basis of Allotment<\/td><td>Monday, January 29, 2024<\/td><\/tr><tr><td>Initiation of Refunds<\/td><td>Tuesday, January 30, 2024<\/td><\/tr><tr><td>Credit of Shares to Demat<\/td><td>Tuesday, January 30, 2024<\/td><\/tr><tr><td>Listing Date<\/td><td>Wednesday, January 31, 2024<\/td><\/tr><tr><td>Cut-off time for UPI mandate confirmation<\/td><td>5 PM on January 25, 2024<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<div class=\"wp-block-uagb-advanced-heading uagb-block-b994fb1e\"><h2 class=\"uagb-heading-text\">Don't Miss Out!<\/h2><div class=\"uagb-separator\"><\/div><p class=\"uagb-desc-text\">Whether you're a seasoned investor or just starting out, Lakshmishree ensures you don't miss out on premier IPO opportunities. Dive into the future of investing with Lakshmishree.<\/p><\/div>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button has-custom-width wp-block-button__width-50 is-style-fill\"><a class=\"wp-block-button__link has-vivid-red-background-color has-background has-text-align-center wp-element-button\" href=\"https:\/\/lakshmishree.com\/ipo\/\" target=\"_blank\" rel=\"noreferrer noopener\">APPLY NOW<\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Nova AgriTech Limited IPO Financial Information<\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>Period Ended<\/th><th>31 Mar 2021<\/th><th>31 Mar 2022<\/th><th>31 Mar 2023<\/th><th>30 Sep 2023<\/th><\/tr><\/thead><tbody><tr><td>Assets<\/td><td>147.44<\/td><td>160.30<\/td><td>180.78<\/td><td>196.37<\/td><\/tr><tr><td>Revenue<\/td><td>160.93<\/td><td>185.61<\/td><td>210.93<\/td><td>103.24<\/td><\/tr><tr><td>Profit After Tax<\/td><td>6.30<\/td><td>13.69<\/td><td>20.49<\/td><td>10.38<\/td><\/tr><tr><td>Net Worth<\/td><td>29.43<\/td><td>43.19<\/td><td>63.88<\/td><td>74.23<\/td><\/tr><tr><td>Reserves &amp; Surplus<\/td><td>16.41<\/td><td>30.10<\/td><td>50.59<\/td><td>60.97<\/td><\/tr><tr><td>Total Borrowing<\/td><td>51.10<\/td><td>64.27<\/td><td>70.96<\/td><td>68.50<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\"><small>Amount in \u20b9 Crore<\/small><\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Key Performance Indicator - Nova AgriTech IPO<\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>KPI<\/th><th>Values<\/th><\/tr><\/thead><tbody><tr><td>P\/E (x)<\/td><td>13.05<\/td><\/tr><tr><td>Market Cap (\u20b9 Cr.)<\/td><td>379.33<\/td><\/tr><tr><td>ROE<\/td><td>38.27%<\/td><\/tr><tr><td>ROCE<\/td><td>27.25%<\/td><\/tr><tr><td>EPS (Rs)<\/td><td>3.14<\/td><\/tr><tr><td>Debt\/ Equity<\/td><td>1.11<\/td><\/tr><tr><td>RoNW<\/td><td>32.08%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Objects of the Issue:<\/strong><\/h2>\n\n\n\n<p>The Net Proceeds from the Fresh Offer, calculated as the gross proceeds of the Fresh Offer minus the apportioned offer expenses, are intended to be allocated as follows:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Investment in the subsidiary, Nova Agri Sciences Private Limited, to establish a new formulation plant.<\/li>\n\n\n\n<li>Funding Capital Expenditure in the Company for expanding the current formulation plant.<\/li>\n\n\n\n<li>Meeting the working capital needs of the company.<\/li>\n\n\n\n<li>Investment in the subsidiary, Nova Agri Sciences Private Limited, to support working capital requirements.<\/li>\n\n\n\n<li>General corporate purposes.<\/li>\n<\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Prospectus Links:<\/strong><\/h2>\n\n\n\n<p><strong>Prospectus:<\/strong> Official documents that provide detailed information about the IPO and the company. <a href=\"https:\/\/www.sebi.gov.in\/filings\/public-issues\/mar-2023\/nova-agritech-limited-drhp_68706.html\" target=\"_blank\" rel=\"noopener\">Nova AgriTech DRHP<\/a> and <a href=\"https:\/\/www.sebi.gov.in\/filings\/public-issues\/jan-2024\/nova-agritech-limited-rhp_80635.html\" target=\"_blank\" rel=\"noopener\">Nova AgriTech RHP<\/a>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Frequently Asked Questions<\/strong><\/h2>\n\n\n\n<div class=\"wp-block-uagb-separator uagb-block-e0c8c4f4\"><div class=\"wp-block-uagb-separator__inner\" style=\"--my-background-image:\"><\/div><\/div>\n\n\n<div id=\"rank-math-faq\" class=\"rank-math-block\">\n<div class=\"rank-math-list \">\n<div id=\"faq-question-1693390748634\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">What is an IPO?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>An IPO, or Initial Public Offering, is the process by which a private company offers its shares to the public for the first time to raise capital.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1693390791940\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">Why do companies go public with an IPO?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Companies go public to raise capital for expansion, reduce debt, or for other corporate purposes. It also provides liquidity to existing shareholders.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1693390691805\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">What is the price range for the \"Nova AgriTech Limited\" IPO?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>The price range for the\"Nova AgriTech Limited\" IPO is \u20b939 to \u20b941 per share.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1693390728061\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">When will the \"Nova AgriTech Limited\" IPO be listed on the stock exchange?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>The \"Nova AgriTech Limited\" IPO is expected to be listed on Wednesday, 31 January 2024.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1693390318021\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">How to apply for an IPO with Lakshmishree?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>To apply for an IPO with Lakshmishree:<br \/>Go to www.lakshmishree.com\/ipo<br \/>Select the desired IPO and fill in the required details.<br \/>Confirm your application and make the payment.<br \/>Once applied, you can track the status of your application on the platform or get in your registered Email ID.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1693390631857\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">How can I check the subscription status of an IPO on Lakshmishree?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Log in to your Lakshmishree account and navigate to the 'IPO' section. Here, you can view live updates on the subscription status of ongoing IPOs.<\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Nova AgriTech IPO Price: \u20b939 - \u20b941IPO Date Range: Jan 23, 2024 - Jan 25, 2024 Foundation &amp; Business Essence Established in May 2007, Nova AgriTech Limited, based in Hyderabad, specializes in manufacturing agricultural products with a primary focus on improving soil health, plant nutrition, and crop protection. The company works closely with farmers to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5593,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[336],"tags":[],"class_list":["post-5588","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo"],"_links":{"self":[{"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts\/5588","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/comments?post=5588"}],"version-history":[{"count":5,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts\/5588\/revisions"}],"predecessor-version":[{"id":5609,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts\/5588\/revisions\/5609"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/media\/5593"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/media?parent=5588"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/categories?post=5588"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/tags?post=5588"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}