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IPO Status: Listed [23rd Jan 2024 to 25th Jan 2024]
Nova Agri Tech IPO, a Mainline IPO of ₹143.81 Cr was launced on 23-01-2024 to 25-01-2024 and the shares got listed on BSE, NSE on 31-01-2024.
The public issue of Nova Agri Tech IPO (NOVAAGRI,544100) was offered at ₹41.00 per share and the ipo was listed at ₹55. It has delivered listing gain of 34.15%.
As the minimum lot size was 365 shares, the IPO has offered Rs 5110 per lot return on listing.
| IPO Issue Opening Date: | 23rd Jan 2024 |
| IPO Issue Closing Date: | 25th Jan 2024 |
| IPO Issue Price: | ₹39.00-41.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | BSE, NSE |
| Retail Quota: | Not less than 35% of the Net Issue |
| IPO Issue Type: | Book Build Issue |
| IPO Issue Size: | ₹143.81 Cr |
| Offer for Sale: | ₹31.81 Cr |
| Fresh Issue: | ₹112.00 Cr |
| Face Value: | ₹2 Per Equity Share |
| IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 84.27% |
| Promoter Holding Post IPO: | 59.39% |
| Allotment Status: | Allotment Status |
| BSE Code: | 544100 |
| NSE Code: | NOVAAGRI |
Get important updates regarding Nova Agri Tech IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 29th Jan 2024 |
| Refunds Initiation* | 30th Jan 2024 |
| Credit of Shares to Demat* | 30th Jan 2024 |
| IPO Listing Date* | 31st Jan 2024 |
* - Tentative Dates
| IPO Activity | Date |
|---|---|
| Issue Price | ₹39.00-41.00 |
| Market Lot: | 365 Shares |
| 1 Lot Amount: | ₹14965 |
| Min Small HNI Lots(2-10 Lakh): | 5110 shares (14 lots) |
| Min Big HNI Lots(10+ Lakh): | 24455 shares (67 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 31-01-2024 | 41.00 | 13 | 3600/50400 | ₹54 (31.71%) | 31-Jan-2024 9:27 |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Nova Agri Tech Limited was founded in 2007 in Hyderabad. It is an agricultural inputs manufacturer offering soil health management, plant nutrition and crop protection products. The company focuses on a technology-based, farmer-centric solution approach and primarily offers environmentally sustainable and nutritionally balanced products based on its research and development. The company produces, distributes and markets a broad range of product categories consisting of (a) soil health products, (b) plant nutrition products, (c) biostimulants, (d) biopesticide products, (e) integrated pest management (IPM) products, (f) new technologies and (g) crop protection products. The crop protection products are currently manufactured by its subsidiary Nova Agri Sciences Private Limited.
The company has received a total of 629 product registrations, including 7 registrations in the soil health management category, 168 registrations in the plant nutrition category, 4 registrations in the biopesticides category and 450 registrations in the crop protection products category. All 450 registrations in the crop protection category are in the name of Nova Agri Sciences Private Limited. In addition, the company has applied for 53 new product registrations in various categories under the name Nova Agri Sciences Private Limited (NASPL) and 26 new registrations under the name Nova Agritech Limited (NATL).
The company has a total dealer network of approximately 10,900 dealers, of which approximately 6200 dealers are active to whom it has distributed and sold its products in the current financial year. The dealer network currently spans 16 states in India, namely Andhra Pradesh, Telangana, Maharashtra, Karnataka, Madhya Pradesh, Rajasthan, Chhattisgarh, Tamil Nadu, Uttar Pradesh, Odisha, West Bengal, Bihar, Gujarat, Jharkhand, Uttarakhand and Jammu & Kashmir and 02 in Nepal. They have also entered into marketing, distribution and supply agreements with certain third parties in Bangladesh, Sri Lanka and Vietnam and are currently awaiting the necessary approval to commence operations in these countries.
| Incorporation | Sector | IPO Issue Size | Website |
| 2007 | Fertilizers | ₹143.81 Cr | https://novaagri.in/ |
The net proceeds of the Fresh Offer, i.e. gross proceeds of the Fresh Offer less the offer expenses apportioned to the company ("Net Proceeds") are proposed to be utilised in the following manner:
The table below is live update of IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 7,015,139 (28.57%) | 5,261,354 (21.43%) | 12,276,492 (50%) | 24,552,985 | |
| 1 | 23rd Jan 2024 19:04 | 0.63x | 15.37x | 13.68x | 10.31x |
| 2 | 24th Jan 2024 19:04 | 1.14x | 74.24x | 38.16x | 35.32x |
| 3 | 25th Jan 2024 19:04 | 81.13x | 233.03x | 80.20x | 113.21x |
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 22 Mar 2022 | 31 Mar 2021 |
| Assets | 196.37 | 180.78 | 160.30 | 147.44 |
| Revenue | 103.24 | 210.93 | 185.61 | 160.93 |
| Profit After Tax | 10.38 | 20.49 | 13.69 | 6.30 |
| Net Worth | 74.23 | 63.88 | 43.19 | 29.43 |
| Reserves and Surplus | 60.97 | 50.59 | 30.10 | 16.41 |
| Total Borrowing | 68.50 | 70.96 | 64.27 | 51.10 |
| Amount in ₹ Crore | ||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Nova AgriTech Limited | 3.27 | 3.27 | 10.09 | 13.05 | 38.27 | Consolidated |
| Aries Agro Ltd | 13.17 | 13.17 | 186.75 | 15.44 | 6.82 | Consolidated |
| Aimco Pesticides Limited | -2.28 | -2.28 | 48.3 | -56.62 | -4.52 | Consolidated |
| Basant Agrotech Limited | 2.02 | 2.02 | 18.86 | 10.54 | 11.34 | Standalone |
| Best Agrolife Limited | 19.91 | 19.91 | 152.04 | 41.93 | 14.02 | Standalone |
| Bhagiradha Chemicals & Industries Ltd | 44.35 | 44.35 | 301.34 | 11.3 | 17.95 | Consolidated |
| Heranba Industries Limited | 27.52 | 27.52 | 203.96 | 13.56 | 14.39 | Standalone |
| India Pesticides Limited | 12.57 | 12.57 | 67.3 | 29.51 | 20.44 | Standalone |
| Madras Fertilizers Limited | 11.5 | 11.5 | -17.82 | 9.35 | -46.77 | Standalone |
| Dharmaj Crop Guard Limited | 12.03 | 12.03 | 95.1 | 21.89 | 16.3 | Standalone |
Last Updated on 04-Feb-2024 06:02:43
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Nova Agri Tech IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Nova Agri Tech IPO with Zerodha.
Alternate approch to apply in Nova Agri Tech IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Nova Agri Tech IPO Review and Important Updates
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To subscribe or apply in Nova Agri Tech IPO, you can use the following methods:
| Nova Agri Tech IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Nova Agri Tech IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Nova Agri Tech IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Nova Agri Tech IPO. Most of the Syndicate Banks provide access to apply in Nova Agri Tech IPO via ASBA process. You must have your net banking access, DP ID information to apply in Nova Agri Tech IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Nova Agri Tech IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Nova Agri Tech IPO Review and Important Updates
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Applying in Nova Agri Tech IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download Nova Agri Tech IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.
For more details on how to use UPI payment method to apply Nova Agri Tech IPO, please refer article >> Link
Nova Agri Tech IPO Review and Important Updates
Steps to download the online application form for Nova Agri Tech IPO
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Nova Agri Tech IPO is going to be list on 31-01-2024. NSE Code for Nova Agri Tech is NOVAAGRI. BSE Code for Nova Agri Tech is 544100.
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Nova Agri Tech IPO Allotment Date is 29-01-2024.
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