IPO Details
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Schedule of Novavente IPO
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Allotment of bids
Refund Initiation
Listing on exchange
About Novavente IPO
The IPO of Novavente Ltd comprises only a fresh issue with no offer for sale. The fresh issue is up to 13,34,000 equity shares and it’s a 100% book-built offer.
Objectives of Novavente IPO
- To meet the working capital requirements of the company
- For acquiring of the usage right of “Sales Mind” platform from Thought Minds for providing services to end users
- For development of “The Sales School” as an online Technology Sales Training & Career Program platform
- Funding inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes
Novavente IPO Valuation
Novavente IPO Share Offer and Subscription Details
| Investor Category | Shares Offered |
|---|---|
QIBs | Not more than 50% of the offer |
Non-institutional Investors | Not less than 15% of the offer |
Retail Individual Investors | Not less than 35% of the offer |
Industry Outlook
According to Grant Thornton Bharat's '2025 Tech Trends Report', the technology sector in India grew by 3.8% in FY24, reaching a valuation of $254 billion, despite a challenging economic environment. The sector employed 5.43 million professionals during the year, marking a 1.1% growth in employment.
IT spending in India is estimated to record a double-digit growth of 11.2% in 2025, totalling US$ 160 billion. India's Software Products Market was valued at US$ 43.1 billion in 2024 and is expected to reach US$ 101.64 billion in 2030 and project robust growth in the forecast period with a CAGR of 15.2% through 2030.
Company Information
Novavente Ltd provides services related to sales-as-a-managed services, Demand generation-as-a-service, End-to-end sales, the Sales school and SalesMinds Gen-AI Platform to clients engaged in in Software & Software Services, IT Services, Engineering Products, Oil & Gas, Energy, Defence & Aerospace, Media and other such industries.
Novavente Strengths
End to End Sales
Novavente Ltd specialises in delivering numbers, leads, and sales across both Enterprise and Mass Market campaigns. Its process is comprehensive: It finds the right prospects, builds targeted outreach strategies, close deals through personalised engagement, deliver solutions that meet client needs, and nurture long-term relationships to drive ongoing success and growth.
Domestic and Global Accreditations
The company holds domestic and global accreditation in key markets, including India, the United States, Europe, Middle East, Asia Pacific and Africa, ensuring it meets the highest standards of quality, compliance, and industry best practices across multiple regions. These accreditations reflect its commitment to excellence, fostering trust with clients and enabling it to deliver reliable, world-class services both locally and internationally.
Diversified Range of Customers Across Various Industries
The company works on a business strategy of expanding its market presence in both domestic and international markets. It continues to strengthen its relationships with existing clients while exploring new markets to drive growth. Its team leverages various channels — digital, social, email and more to create integrated campaigns that generate demand and capture interest across multiple platforms across multiple platforms.
Risks of Novavente IPO
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Geographic Concentration: The company derives a significant portion of its revenues from clients located in the USA, Europe, Middle East. Any adverse developments in these markets could adversely affect its business.
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Reliance on Contractual Agreements: The company’s business is dependent on the contractual arrangements entered into by it. Many of its client contracts can be terminated with or without cause by providing notice and without termination-related penalties.
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Quality Compliance Risk: The company is subject to the strict quality requirements, any failure to meet these quality standards may lead to the cancellation of existing and future orders, recalls or exposure to potential product liability claims.
All Financial Information about Novavente IPO
Peer Comparison
As on the date of the draft red herring prospectus, Novavente Ltd does not have any listed peers.
Anchor Investor Bidding Date TBA
IPO Registrar and Book Running Lead Manager
- IPO Registrar: MUFG Intime India Pvt Ltd, previously known as Link Intime India Pvt Ltd
- Book Running Lead Manager: Khambatta Securities Ltd
Business Model
The company’s business is split into four main business areas. These include:
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Sales Services: The company offers direct sales services to its global clients engaged in Software & Software Services, IT Services, Engineering Products, Oil & Gas, Energy, Defence & Aerospace, Media and other such industries.
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The Sales School: In continuation with its expertise is delivering sales and revenue numbers for its clients, the company is launching, – Sales School in India. The Sales School is going to be an Integrated Online + Offline (Hybrid) Sales Training Programme.
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Software Platform “SalesMinds”: SalesMinds is its Cloud & Generative AI based Platform built to help its client manage their internal Sales Knowledge Base and Pre-Sales Activities globally.
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Technology Services: The company collaborates and works closely with its global clients and their patented technology to Sell, Install and Deploy them with Indian clients. The company has global clients across US, Israel and other countries as partners. As part of this service line, the firm recently closed a large USD 550,000 project one of India’s Navratna Government Organisation in the Oil & Gas Space.
Company Growth Trajectory
The company’s revenue from operations jumped from ₹3.2518 crores in FY 22 to ₹6.2851 crores in FY 24. Its EBITDA margin jumped from 22.19% in FY 22 to 40.65% in FY 24.
Market Position
As on February 28, 2025, Novavente Ltd has 38 team members who have helped global companies including Fortune 500, Fortune 1000, Funded and established IT, software, engineering and technology companies. The company has some reputed companies in the industry as its customers.
Novavente IPO Profit and Loss
| Parameter | FY 24 | FY 23 | FY 22 |
|---|---|---|---|
Total Income (in ₹ crores) | 6.4678 | 4.1596 | 3.2758 |
Profit / (Loss) Before Tax (in ₹ crores) | 2.6601 | 1.1515 | 0.7166 |
Profit After Tax (in ₹ crores) | 1.9844 | 0.8577 | 0.5363 |
EPS in ₹ | 5.36 | 2.32 | 1.45 |
EBITDA | 2.55 | 1.175 | 3.275 |
Novavente IPO Balance Sheet
| Parameter | FY 24 | FY 23 | FY 22 |
|---|---|---|---|
Profit / (Loss) Before Tax (in ₹ crores) | 2.6601 | 1.1515 | 0.7166 |
Net Cash in Operating Activities (in ₹ crores) | 0.8435 | 1.1355 | 0.3439 |
Net Cash from Investing Activities (in ₹ crores) | (1.1440) | (0.3835) | (0.0837) |
Net Cash Flow in Financing Activities (in ₹ crores) | 0.0214 | 0.03 | 0.1302 |
Cash and Cash Equivalents (in ₹ crores) | 1.3890 | 1.6681 | 0.8862 |
How to Check Allotment Status of Novavente IPO?
1. Visit the Registrar’s Website
- Visit the website of MUFG Intime India Private Ltd
- Choose ‘Public Issues’ from Investor Services dropdown
- Choose the name of the company from ‘Select Company’ dropdown
- Enter any of these - PAN Number, Application Number, DP/Client ID, Account Number / IFSC
- Click on Submit to check the status
2. Verify on the National Stock Exchange Website
The National Stock Exchange (NSE) has an IPO Bid Verification module. You can use it to check the status of Novavente Ltd IPO. Go to www.nseindia.com and find the 'Invest' tab. Click on 'Verify IPO Bids' under 'Resources & Tools'.
On the NSE IPO Bid Verification page, enter:
- Company name from dropdown
- Application number
- PAN
Then click 'Submit' to know the allotment status.
How to Apply for Novavente IPO?
- Log in to your Kotak Securities Demat account - Log in to your Demat account to access IPO investments. Next, select the current IPO section.
- Specify IPO details - Enter the number of lots and the price you wish to apply for.
- Enter UPI ID - After entering your UPI ID, click submit. This will place your bid with the exchange.
- Mandate Notification - Your UPI app will receive a mandate notification to block funds.
- Approve Request - Your funds will be blocked once you approve the mandate request on your UPI.
This article is for informational purposes only and does not constitute financial advice. It is not produced by the desk of the Kotak Securities Research Team, nor is it a report published by the Kotak Securities Research Team. The information presented is compiled from several secondary sources available on the internet and may change over time. Investors should conduct their research and consult with financial professionals before making any investment decisions. Read the full disclaimer here.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing. Please read the SEBI-prescribed Combined Risk Disclosure Document before investing. Brokerage will not exceed SEBI’s prescribed limit.
Novavente IPO FAQs
Where can I read more about Novavente business?
You can read more about Novavente and its IPO from the company’s red herring prospectus (RHP) here.
What is the Novavente Ltd IPO?
The IPO of Novavente Ltd comprises up to 13,34,000 equity shares with no offer for sale.
When will the IPO of Novavente Ltd go live?
The exact dates of the IPO are yet to be announced.
Who is the MD of Novavente Ltd?
Ronak Rajan is the MD of Novavente Ltd.
From where can I read more about the Novavente Ltd IPO?
You can read more about the IPO of Novavente Ltd from the company’s red draft herring prospectus here.
