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Open
23 Jan 2024
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Close
25 Jan 2024
3
Allotment
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Listing
Wed, Jan 31, 2024
Price Band
₹39 to ₹41
Issue Size
3,50,75,693 shares (agg. up to ₹144 Cr)
Lot Size
365 Shares
Listing Date
Wed, Jan 31, 2024
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 78.51x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 22 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 196.37 | 180.78 | 160.30 | 147.44 |
| Total Income | 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 |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Investment in the subsidiary, Nova Agri Sciences Private Limited for setting-up a new formulation plant | 14.20 |
| 2 | Funding Capital Expenditure by the Company,towards expansion of the existing formulation plant | 10.49 |
| 3 | Funding of working capital requirement of the Company | 26.65 |
| 4 | Investment in the subsidiary, Nova Agri Sciences Private Limited for funding working capital requirements | 43.36 |
| 5 | General Corporate purposes | 3.13 |
| Total | 97.83 |
About Nova AgriTech IPO
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 categ
Contact Details
Nova AgriTech Ltd. AddressSy.No.251/A/1, Singannaguda VillageMulugu MandalSiddipetMedak, Telangana, 502279+91 84 54253446ipo@novaagri.inVisit Website