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Nova Agri Tech Limited

Live Updates, GMP, Subscription Data, and Financial Details

IPO Overview

Listed
Dates Jan 23 to Jan 25, 2024
Price Band ₹39-41
Current GMP ₹55 (34.15%)
Subscription 113.21 times

IPO Details

IPO Date
January 23, 2024 to January 25, 2024
Listing Date
Wednesday, January 31, 2024
Face Value
₹2 per share
Price Band
₹39 to ₹41 per share
Lot Size
365 Shares
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)
Issue Type
Book Built Issue IPO
Listing At
BSE, NSE
Share holding pre issue
65,202,740
Share holding post issue
92,519,813

IPO Subscription Details

Anchor Investors
1
Qualified Institutions
81.13
Non-Institutional Buyers
233.03
bNII (bids above ₹10L)
231.40
sNII (bids below ₹10L)
236.27
Retail Investors
80.20
Total **
113.21

Day Wise Sub

DayDay 1 Jan 23, 2024
QIB0.63
NII15.37
Retail13.68
Total10.31
DayDay 2 Jan 24, 2024
QIB1.14
NII74.24
Retail38.16
Total35.32
DayDay 3 Jan 25, 2024
QIB81.13
NII233.03
Retail80.20
Total113.21

Day Wise GMP

Date31-01-2024
Price41.00
GMP13 (31.71%)
Estimate List Price54
Date30-01-2024
Price41.00
GMP13 (31.71%)
Estimate List Price54
Date29-01-2024
Price41.00
GMP23 (56.1%)
Estimate List Price64
Date28-01-2024
Price41.00
GMP23 (56.1%)
Estimate List Price64
Date27-01-2024
Price41.00
GMP23 (56.1%)
Estimate List Price64
Date26-01-2024
Price41.00
GMP23 (56.1%)
Estimate List Price64
Date25-01-2024
Price41.00
GMP20 (48.78%)
Estimate List Price61
Date24-01-2024
Price41.00
GMP20 (48.78%)
Estimate List Price61
Date23-01-2024
Price41.00
GMP20 (48.78%)
Estimate List Price61
Date22-01-2024
Price41.00
GMP20 (48.78%)
Estimate List Price61
Date21-01-2024
Price41.00
GMP20 (48.78%)
Estimate List Price61
Date20-01-2024
Price41.00
GMP20 (48.78%)
Estimate List Price61
Date19-01-2024
Price41.00
GMP20 (48.78%)
Estimate List Price61

IPO Important Dates

IPO Open Date
Tuesday, January 23, 2024
IPO Close Date
Thursday, January 25, 2024
Basis of Allotment
Monday, January 29, 2024
Initiation of Refunds
Tuesday, January 30, 2024
Credit of Shares to Demat
Tuesday, January 30, 2024
Listing Date
Wednesday, January 31, 2024
Cut-off time for UPI mandate confirmation
5 PM on January 25, 2024

IPO Lot Size

ApplicationRetail (Min)
Lots1
Shares365
Amount₹14,965
ApplicationRetail (Max)
Lots13
Shares4745
Amount₹194,545
ApplicationS-HNI (Min)
Lots14
Shares5,110
Amount₹209,510
ApplicationS-HNI (Max)
Lots66
Shares24,090
Amount₹987,690
ApplicationB-HNI (Min)
Lots67
Shares24,455
Amount₹1,002,655

Financial Information

Period EndedPeriod Ended
30 Sep 202330 Sep 2023
31 Mar 202331 Mar 2023
22 Mar 202222 Mar 2022
Period EndedAssets
30 Sep 2023196.37
31 Mar 2023180.78
22 Mar 2022160.30
Period EndedRevenue
30 Sep 2023103.24
31 Mar 2023210.93
22 Mar 2022185.61
Period EndedProfit After Tax
30 Sep 202310.38
31 Mar 202320.49
22 Mar 202213.69
Period EndedNet Worth
30 Sep 202374.23
31 Mar 202363.88
22 Mar 202243.19
Period EndedReserves and Surplus
30 Sep 202360.97
31 Mar 202350.59
22 Mar 202230.10
Period EndedTotal Borrowing
30 Sep 202368.50
31 Mar 202370.96
22 Mar 202264.27

Key Performance Indicator

ROE
38.27%
ROCE
27.25%
Debt/Equity
1.11
RoNW
32.08%
P/BV
4.06
EPS (Rs)
3.14

IPO Reservation

Investor CategoryAnchor Investor Shares Offered
Shares Offered10,522,220 (30.00%)
Maximum AllotteesNA
Investor CategoryQIB Shares Offered
Shares Offered7,015,139 (20.00%)
Maximum AllotteesNA
Investor CategoryNII (HNI) Shares Offered
Shares Offered5,261,354 (15.00%)
Maximum Allottees
Investor CategorybNII > ₹10L
Shares Offered3,507,569 (10.00%)
Maximum Allottees686
Investor CategorysNII < ₹10L
Shares Offered1,753,785 (5.00%)
Maximum Allottees343
Investor CategoryRetail Shares Offered
Shares Offered12,276,492 (35.00%)
Maximum Allottees33,634
Investor CategoryTotal Shares Offered
Shares Offered35,075,205 (100%)
Maximum Allottees

Information about company

Founded in Hyderabad in May 2007, Nova AgriTech Limited manufactures products that help farmers grow crops better. The main focus is on three things: Soil health, plant nutrition and crop protection. The products are manufactured using technology and are designed to be environmentally friendly and nutritious. The company collaborates with farmers to gain insight into their needs and develop customized solutions that meet their requirements. The company manufactures, distributes and markets a broad range of product categories, including (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. The subsidiary Nova Agri Sciences Private Limited is currently responsible for the production of crop protection products. As of January 31, 2023, the company has received a total of 629 product registrations. These registrations are divided into four categories, namely soil health management, plant nutrition, biopesticides and crop protection. These include 7 registrations in the soil health management category, 168 registrations in the plant nutrition category, 4 registrations in the biopesticide category and 450 registrations in the crop protection category. By January 31, 2023, the company has 13 Kisan Mitras and 253 Kisan Sevaks at its base. As on 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 comprises three levels: NKSK Coordinators, Kisan Mitras and Kisan Sevaks. This ensures personal contact with the farmers at the grassroots level. The company employs 215 people in its sales team. They manage brand sales, distribution channels, and product promotion.

Disclaimer

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