Nova Agritech Limited IPO opens on January 23. Check IPO details issue date price


Nova Agritech Limited IPO opens on January 23. Check IPO details issue date price

January 23, 2024
Nova Agritech Limited IPO opens on January 23. Check IPO details issue date price

Nova Agritech Limited is coming out with a public issue to raise Rs 143.81 crores from the market.

Below are the details of the Nova Agritech Limited IPO:

  • Issue opens – January 23 (Tuesday)
  • Issue closes – January 25 (Thursday)
  • Issue size – Rs 143.81 crores
  • Price band – Rs 39 to 41 per equity share
  • Bid lot – 365 shares and in multiples thereof

And here are some details of the company and further details on the IPO.

Company details:

  • Nova Agritech Limited are an agri-input manufacturer offering soil health management, crop nutrition and crop protection products focused on tech-based farmer driven solution approach, wherein they mainly offer ecologically sustainable and nutritionally balanced products based on their Research and Development. They manufacture, distribute and market a wide range of product categories consisting of (a) soil health management products; (b) crop nutrition products; (c) bio stimulant products; (d) bio pesticide products (e) Integrated Pest Management products; (f) new technologies; and (g) crop protection products. Currently, the crop protection products are manufactured by their subsidiary Nova Agri Sciences Private Limited.
  • As on November 30, 2023, they have received a total of 720 product registrations comprising of 7 registrations in the soil health management category, 176 registrations in the crop nutrition category, 4 registrations in bio pesticide category, 7 registrations under Technical Indigenous Manufacture and 526 registrations in the crop protection category. All of the 526 registrations in the crop protection category are in the name of Nova Agri Sciences Private Limited. Further, they have applied for 14 registrations for new products across various categories in the name of Nova Agri Sciences Private Limited (NASPL) and 22 new registrations in the name of Nova Agritech Limited (NATL).
  • They have a total dealer network comprising of approximately 11,722 dealers out of which approximately 6,769 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 business in these jurisdictions.

Issue Size: Rs. 143.81 crores

Issue break-up:

QIB – 50% of the offer – Rs 71.91 crores

NIB – 15% of the offer – Rs 21.57 crores

RET – 35% of the offer – Rs 50.33 crores

Listing: BSE and NSE

Registrar: Bigshare Services Private Limited

UPI: All Retail & NII bidders' (bids up to Rs. 5,00,000) applications through brokers are compulsorily in UPI Mode.


Application made using third-party UPI or ASBA Bank A/c are liable to be rejected.

The UPI Mandate acceptance time for Retail and NII Bidders (bids up to Rs 5,00,000) shall expire at 5 PM on the closing day of the IPO i.e. Thursday, January 25, 2024

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