Nova AgriTech Limited

Company Profile
Company Name Nova AgriTech Limited
Open Date 23-01-2024
Close Date 25-01-2024
Exchange BSE, NSE
Lot Size 365 Shares
Issue Price ₹39 to ₹41 per share
Issue Size 3,50,75,693 shares
Application Amount Min. Inv. - ₹ 14,965 (365 shares) Max. Inv. – ₹ 1,94,545 (4,745 shares)
Recommendation Risk Averse investors should wait and Risk Seekers should apply

Nova Agritech Limited was originally incorporated in the year 2007 and has its registered office in Medak, Telangana, India.The company is 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 the Research and Development.The Company manufacturers, distributes and markets 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. As of 30th November 2023, the Company had 283 employees on its payroll.

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Financial Summary in Cr.

For the Period Ended Mar-21 Mar-22 Mar-23 Sept-23
Total Assets 147.44 160.30 180.78 196.37
Net Assets 29.43 43.19 63.88 74.23
Total Borrowings 51.10 64.27 70.96 68.50
Total Revenue 160.93 185.61 210.93 103.24
Profit After Tax 6.30 13.69 20.49 10.38

Tentative Timeline

Opening Date 23/01/2024
Closing Date 25-01-2024
Basis of Allotment 29-01-2024
Initiation of Refunds 30-01-2024
Credit of Shares to Demat 30-01-2024
Listing Date 31-01-2024

Objects of the Issue

Investment in the subsidiary – setting up a new formulation plant, and funding working capital requirements.
Funding Capital Expenditure in the Company towards expansion of the existing formulation plant.
Funding of working capital requirements.
General corporate purposes.

Contact Information

Registered Office Nova AgriTech Limited Sy.No.251/A/1, Singannaguda Village Mulugu Mandal Siddipet, Medak- 502279
Phone +91 84 54253446

Registrar Details

Name Bigshare Services Pvt Ltd
Phone +91-22-6263 8200

IPO Reservation

QIB 7,015,139 (20.00%)
NII 5,261,354 (15.00%)
RII 12,276,492 (35.00%)
Anchor investors 10,522,220 (30.00%)

Shareholding Pattern

Share Holding Pre Issue (Promoters) 84.27%
Share Holding Post Issue (Promoters) 51.00%

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