Nova Agritech IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: May 25, 2023Let’s have a detailed review of the company and analytics of the Nova Agritech IPO release date, IPO offer price, subscription, Nova Agritech Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 2 |
| Price Band | Rs [●] |
| Listing At | BSE, NSE |
| Min. Order Quantity | NA Shares |
| Listing Date | NA |
| Offer for Sale | Rs 14,000 Lakh |
| Fresh Issue | Rs Lakh |
| IPO Size | Rs Lakh |
| Tick Size | 1 |
Nova Agritech IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – Nova Agritech Share Price |
Nova Agritech IPO – Summary
They are an agri-input manufacturer offering soil health management, crop nutrition and crop protection products focused on a tech-based farmer-driven solution approach, wherein they mainly offer ecologically sustainable and nutritionally balanced products based on their R&D.
Also, they manufacture, distribute and market a wide range of product categories consisting of (a) soil health management products; (b) crop nutrition products; (c) biostimulant products; (d) biopesticide products (e) Integrated Pest Management (IPM) products; (f) new technologies; and (g) crop protection products.
The Promoter of this company is SURAKSHA AGRI RETAILS (INDIA) PRIVATE LIMITED, MALATHI S AND KIRAN KUMAR ATUKURI. The lead manager of the issue is Keynote Financial Services Limited and Bajaj Capital Limited, and the Registrar of this issue is BIG SHARE SERVICES PRIVATE LIMITED.
Nova Agritech IPO Date
The opening and closing dates of Nova Agritech IPO are not available yet.
Nova Agritech IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – | ||||
| 2nd Day – | ||||
| 3rd Day – | ||||
| Shares Offered or Net Issue |
The shares subscribed by the public will be updated here.
Nova Agritech IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares are pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Nova Agritech Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | – |
| Refunds Initiation | – |
| Credit of Shares to Demat Account | – |
| Share Listing Date | – |
Nova Agritech IPO Price Band
The face value of each share is Rs.2, but the price band of the IPO is Rs.[●]
Nova Agritech IPO Equity Size
This Initial Public Issue of 77,58,620 Equity Shares of Rs.2 each for cash at a price of Rs.[●] per equity share aggregating to Rs.[●] Lakh.
Nova Agritech IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 77,58,620 Equity Shares of Rs.2/ each.
Issue Size: 77,58,620 Equity Shares of Rs.2 each, aggregating to Rs.[●] Lakh
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Nova Agritech IPO – Live Performance
The listing date of this IPO is [●]. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Nova Agritech Share Price |
Nova Agritech IPO Grey Market Premium
The Nova Agritech Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
Nova Agritech IPO – Company Overview
They have a total dealer network comprising of approximately 10,900 dealers out of which approximately 6200 dealers are active to whom they have distributed and sold their products during the current financial year.
Their dealer network is currently spread across 16 states of 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 permission to start a business in these jurisdictions.
Currently, the crop protection products are manufactured by their subsidiary Nova Agri Sciences Private Limited.
Nova Agritech IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | ||||
| 30-Sep-22 | 31-Mar-22 | Mar-21 | 31-Mar-20 | |
| Total Assets | 17125.15 | 16029.77 | 14743.86 | 13,157.35 |
| *Total Revenue | 8,198.47 | 18,561.09 | 16,092.66 | 12,666.98 |
| Total Expense | 7,321.44 | 16,716.64 | 15,225.53 | 12,181.08 |
| Profit After Tax | 686.39 | 1368.93 | 630.00 | 297.96 |
Earnings per Equity Share (in Lakh)
| 30-Sep-22 | 31-Mar-22 | Mar-21 | 31-Mar-20 | |
| Basic & Diluted | 1.09 | 2.18 | 1.00 | 0.48 |
Further, their PAT for the period ended on Sep 30, 2022, March 31, 2022, March 31, 2021, and March 31, 2020, were Rs. 686.39 Lakh, Rs. 1368.93 Lakh, Rs. 630.00 Lakh and Rs. 297.96 Lakh respectively.
Nova Agritech IPO – Promoters
The Promoter of this company is:
- SURAKSHA AGRI RETAILS (INDIA) PRIVATE LIMITED,
- MALATHI S AND KIRAN KUMAR ATUKURI
List of Related Parties (Key Managerial Personnel)
- Adabala Seshagiri Rao, Chairperson and Independent Director
- Malathi S, Whole-time Director
- Kiran Kumar Atukuri, Managing Director
- Nadella Basanth Kumar, Whole-time Director
- Sreekanth Yenigalla, Whole-time Director
Nova Agritech IPO – Promoters Holding
- Pre-Issue Share Holding – %
- Post-Issue Share Holding – %
Nova Agritech IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to X Equity Shares aggregating up to Rs.[●] Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to [●] Equity Shares aggregating up to Rs.[●] Lakh |
| Net Issue to the Public | Up to [●] Equity Shares aggregating up to Rs.[●] Lakh |
| Of which: | |
| Retail Investors Portion | Not less than [●] Equity Shares |
| Other than Retail Individual Investors | Not more than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | 6,52,02,740 Equity Shares |
| Equity Shares outstanding after the Issue | X Equity Shares |
Nova Agritech IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. Undertake their existing business activities;
2. To undertake activities proposed to be funded from the Net Proceeds.
Nova Agritech IPO – Business Strategy
- Enhance their product portfolio by expanding their manufacturing capacities and increasing their competencies
- Continued focus on product registrations for domestic and international market expansion.
- Expand to newer geographies including expanding their export business to a newer and wider spectrum.
- Their strategy is to deepen the farmer interface by providing holistic solutions and improving their operational parameters.
- Enabling “REACH” towards business tie-ups with academic, domestic and international business partners.
Nova Agritech IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- One-stop solution for soil health management, crop nutrition, biostimulant, biopesticides, Integrated pest management (IPM) and crop protection through a diversified branded product portfolio.
- Established a distribution network across various geographies through many dealers.
- Strengthening farmer outreach through Nova Kisan Seva Kendra.
- Technology-driven product development and marketing.
- Focus on ecologically sustainable and nutritionally balanced products.
- Experienced Management Team and Promoters.
- Well Equipped Research & Development facility.
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-22 | 2.18 | 31.69 | 6.89 |
| 31-Mar-21 | 1.00 | 21.41 | – |
| Mar-20 | 0.48 | 13.02 | – |
Nova Agritech IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| Nova Agritech Limited | 2 | [●] | 2.18 | 31.69 | 18,561.09 |
| Listed Peers | |||||
| Aries Agro Ltd | 10 | 9.59 | 10.22 | 5.93 | 44,394.37 |
| Aimco Pesticides Limited | 10 | 22.54 | 11.12 | 21.11 | 31,283.23 |
| Basant Agrotech Limited | 1 | 8.53 | 2.09 | 12.39 | 44,833.47 |
| Best Agrolife Limited | 10 | 26.03 | 38.22 | 27.88 | 1,13,962.81 |
| Bhagiradha Chemicals & Industries Ltd | 10 | 22.44 | 43.02 | 18.83 | 43,651.68 |
| Heranba Industries Limited | 10 | 9.44 | 47.25 | 26.46 | 1,46,972.30 |
| India Pesticides Limited | 1 | 16.68 | 13.82 | 24.81 | 72,930.80 |
| Madras Fertilizers Limited | 10 | 5.55 | 10.06 | (32.06) | 2,33,387.00 |
| Dharmaj Crop Guard Limited | 10 | 14.09 | 11.62 | 33.79 | 39,628.80 |
Nova Agritech IPO Lead Managers
| Lead Managers |
|
Keynote Financial Services Limited
Bajaj Capital Limited
|
Nova Agritech IPO Registrar to offer
| Registrar to the Offer |
| Bigshare Services Private Limited Address: Office No. S6-2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre, Mahakali Caves Road, Andheri (East) Mumbai -400093 Tel: +(91)22 6263 8200 Facsimile: +(91)22 6263 8280Email: ipo@bigshareonline.com Investor grievance email: investor@bigshareonline.com Contact Person: Jibu John Website: www.bigshareonline.com SEBI Registration Number: INR000001385 CIN: U99999MH1994PTC076534U6 |
Nova Agritech IPO – Other Details
- Statutory Auditor – NSVR & Associates LLP, Chartered Accountants
- Legal Counsel to the Company – ALMT Legal
- Bankers to the Company – Union Bank
Nova Agritech IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Nova Agritech Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Nova Agritech IPO Review FAQs
Check out various FAQs related to Nova Agritech IPO:
What is the Issue Size of Nova Agritech IPO?
The Company is making an initial public offer of 77,58,620 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Nova Agritech IPO?
The price band for this particular IPO ranges between Rs NA. As far as the face value of the share is of concern, it is Rs. 2 per share.
What is the Nova Agritech IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on NA, while the closing date is set at NA.
What is the Nova Agritech IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on NA, refund initiation is on NA, credit of shares is on NA, and share listing date is on NA.
What is the Nova Agritech IPO Listing Date?
Shares of this company shall be listed in the exchanges NA. The date, when the listing would be done, is stagnant on NA.
Who is the Registrar of Nova Agritech IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. Bigshare Services Private Limited. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Nova Agritech IPO?
Here are the promoters of this IPO – SURAKSHA AGRI RETAILS (INDIA) PRIVATE LIMITED, MALATHI S AND KIRAN KUMAR ATUKURI. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Nova Agritech IPO?
They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.
Is Nova Agritech IPO Good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Nova Agritech Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2022 in Lakh is 1368.93, 2021 is 630.00, and 2020 is 297.96. PAT from Jun 2022 is 686.39.
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