Nova Agri Tech Limited
IPO Details
Subscription
Lot Distribution
Reservation
Company Fin.
₹13(31.71%)
Premium (ELP)
Nova Agri Tech Limited's successfully completed its Initial Public Offering and commenced trading on Jan 31, 2024 at the NSE, BSE exchange. The company raised 3,50,75,693 Shares through this public offering, comprising 2,73,17,073 Shares in fresh capital and ₹31.81 Cr through the Offer for Sale mechanism.
The IPO was priced within the band of ₹39 to ₹41, with minimum application lots of 365 shares. The offering attracted significant investor interest during its subscription period from Jan 23, 2024 to Jan 25, 2024.
Share allotment was finalized on Jan 29, 2024, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Nova AgriTech Limited, founded in Hyderabad in May 2007, specializes in manufacturing environmentally friendly and technology-driven agricultural products focused on soil health, plant nutrition, and crop protection. The company develops tailored solutions by collaborating with farmers and offers a diverse product range, including soil health products, crop nutrition, biostimulants, biopesticides, integrated pest management (IPM) products, new technologies, and crop protection products. Its subsidiary, Nova Agri Sciences Private Limited, handles crop protection manufacturing. As of January 31, 2023, the company has secured 629 product registrations across four categories: soil health management (7), plant nutrition (168), biopesticides (4), and crop protection (450). To support farmers, Nova AgriTech has structured its NKSK program, comprising 32 NKSK Coordinators (agriculture graduates), 13 Kisan Mitras, and 253 Kisan Sevaks, ensuring grassroots engagement. Additionally, its 215-member sales team oversees brand sales, distribution channels, and product promotions.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
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- Suraksha Agri Retails (India) Private Limited
- Malathi S
- Kiran Kumar Atukuri
Nova Agri Tech Limited
Bigshare Services Private Limited