₹ 14965 / 365 shares

IPO Details

RHP/DRHP

Issue Date

23 Jan - 25 Jan'24

Investment/lot

₹ 14965

Price Range

39 - 41

Lot Size

365

IPO Size

₹ 143.81 Cr

IPO Listing Details

Listing On

31 Jan'24

Issue Price

41

Listed Price

₹ 55

Retail Gain/Listing Gain

34.15%

Start date

End date

Allotment of bids

Refund Initiation

Listing on exchange

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All you need to know about Nova Agritech IPO
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Nova Agritech Limited is an agri-input manufacturer offering soil health management, crop nutrition and crop protection products focused on a tech-based farmer-driven approach.

The company mainly manufactures and distributes ecologically sustainable and nutritionally balanced products for soil health management, crop nutrition, biostimulants and much more.

Established distribution network across various geographies through many dealers

The company markets, sells and distributes a wide range of products to farmers across India with the help of its distribution channel of dealers spread across various states. They have a total dealer network comprising approximately 11,722 dealers, out of which approximately 6,769 dealers are active, where products have been sold in the financial year.

Strengthening farmer outreach through Nova Kisan Seva Kendra

The company runs a farmer outreach program called Nova Kisan Seva Kendra program (NKSK), through which it educates farmers on various crop management practices. As of November 30, 2023, their NKSK team is comprised of 24 NKSK Coordinators who are all agri-graduates and are on the company payroll. The company also has arrangements with individuals across various states who provide their services as Kisan Mitras, and Kisan Sevaks catering to the needs of the farmers.

Well-equipped research & development facility

The company has a dedicated in-house R&D facility and a quality control/quality assurance (QC/QA) facility at its manufacturing facilities to support technology transfer for new products and an on-site process improvement incubation centre. They also have tie-ups with various universities to get access to process know-how, innovation, R&D, knowledge transfer, technology transfer, product transfer, credit support, manpower, development, etc.
  • The strength of the brand is crucial to company growth and they may not succeed in continuing to maintain and develop the brand.

  • The company intends to utilise a portion of the net proceeds towards investment in its subsidiary.

  • The company had negative cash flow during certain fiscal years.

  • Enhance product portfolio by expanding manufacturing capacities and increasing competencies.

  • Continued focus on product registrations for domestic and international market expansion.

  • Expand to newer geographies including expanding the export business to a newer and wider spectrum.

Here are the key financials for Nova Agritech Limited:

Particulars (in Rs. million)

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How to apply for IPO through ASBA

How to apply for IPO through ASBA

Kotak Securities

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Opening of account will not guarantee allotment of shares in IPO. Investors are requested to do their own due diligence before investing in any IPO.

Here are the steps to apply for Nova Agritech Ltd IPO:

Step 1: Log in to your Kotak Securities Demat account Log in to your Demat account to access IPO investments. Next, select the current IPO section.

Step 2: Specify IPO details Enter the number of lots and the price you wish to apply for.

Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.

Step 4: Mandate Notification Your UPI app will receive a mandate notification to block funds.

Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.

Top Nova Agritech Ltd IPO FAQs

Nova Agritech Ltd will list on 2024-01-31.

143.81 is the issue size of Nova Agritech Ltd IPO.

The minimum lot size is 365 shares and the investment required is ₹14965.

The price band of Nova Agritech Ltd IPO is ₹39 to ₹41.

You can read more about Nova Agritech Ltd and its IPO from the company’s red herring prospectus (RHP) here.

The Nova Agritech Limited IPO has an issue size of Rs. 143.81 crores. The IPO opens for subscription on 22nd January 2024 and closes on 24th January 2024.

Bigshare Services Private Limited is the registrar for this IPO.

You may read more about Nova Agritech Limited and its IPO from the company’s red herring prospectus (RHP) here:

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