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Nova Agritech IPO

  • Status: Closed
  • RHP:
  • ₹ 14,235 / 365 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    31 Jan 2024

  • Listing Price

    ₹56.00

  • Listing Change

    36.59%

  • Last Traded Price

    ₹67.77

IPO Details

  • Open Date

    23 Jan 2024

  • Close Date

    25 Jan 2024

  • IPO Price Range

    ₹ 39 to ₹ 41

  • IPO Size

    ₹ 143.81 Cr

  • Listing Exchange

    BSE, NSE

  • Listing Date

    31 Jan 2024

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Timeline Subscription Status Objective Financials SWOT FAQ Contacts

IPO Timeline

Nova Agritech IPO Subscription Status

Last Updated: 15 February 2024 5:39 PM by 5Paisa

Nova AgriTech Limited IPO is all set to open from 23rd January to 25th January 2024. The company operates as an agri-input manufacturer. The IPO includes a fresh issue of 27,317,073 shares worth ₹112.00 cr and an Offer-for-Sale (OFS) of 7,758,620 equity shares worth ₹31.81 cr. The total IPO size is ₹143.81 cr. The share allotment date is 29th January 2024, and the IPO will be listed on 31st January 2024 on the stock exchanges. The price band is ₹39 to ₹41 and the lot size is 365 shares.        

Keynote Financial Services Limited and Bajaj Capital Limited are the book-running lead managers for this IPO, while Bigshare Services Private Limited is the registrar. 

Objectives of Nova AgriTech IPO:

Nova AgriTech Limited plans to utilize the raised capital from the IPO to:

●    To fulfill working expenditure requirements for the expansion of the existing formulation plant.
●    To fund investment in its subsidiary called Nova Agri Sciences Private Limited for a new formulation plant and working capital requirements.
●    To meet working capital requirements. 
●    General corporate purposes.
 

Nova AgriTech IPO Video:

 

Incorporated in 2007, Nova AgriTech Limited operates as an agri-input manufacturer. The company provides products for soil health management, crop nutrition and crop protection. Nova AgriTech focuses on a tech-based farmer-driven solution approach and provides R&D-driven ecologically sustainable and nutritionally balanced products. 

The company product portfolio includes:

●    Soil health management products
●    Crop nutrition products
●    Bio stimulant products
●    Bio pesticide products 
●    Integrated Pest Management products
●    New technologies
●    Crop protection products

Nova AgriTech has 720 product registrations as of November 2023. Additionally, it has an active dealer network of 6,769 dealers across 16 Indian States. The company markets, distributes and supplies its products to Bangladesh, Sri Lanka and Vietnam via third parties. 

Nova AgriTech runs the Nova Kisan Seva Kendra program (NKSK), which is a farmer outreach program. The program aims to educate farmers on crop management practices.

Peer Comparison

●    Aries Agro Limited
●    Aimco Pesticides Limited
●    Basant Agrotech Limited
●    Best Agrolife Limited
●    Bhagiradha Chemicals & Industries Limited
●    Heranba Industries Limited
●    India Pesticides Limited
●    Madras Fertilizers Limited
●    Dharmaj Crop Guard Limited
 

For More Information:
Webstory on Nova AgriTech IPO

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY23 FY22 FY21
Revenue from operations 210.55 185.56 160.57
EBITDA 38.72 27.78 17.79
PAT 20.49 13.69 6.30
Particulars (in Rs. Crores) FY23 FY22 FY21
Total Assets 180.78 160.29 147.43
Share Capital 12.54 12.54 12.54
Total Borrowings 116.90 117.10 118.00
Particulars (in Rs. Crores) FY23 FY22 FY21
Net cash generated from / (used in) operating activities 5.45 2.48 5.18
Net cash from / (used in) investing activities -1.85 -3.88 -3.12
Net cash flow from / (used in) financing activities -1.88 2.72 -1.83
Net increase (decrease) in cash and cash equivalents 1.71 1.33 0.23


Strengths

1.    The company is a one-stop solution for agri-tech products with its diversified branded product portfolio.
2.    It has an established distribution network across various geographies.
3.    The company is focused on strengthening farmer outreach through Nova Kisan Seva Kendra.
4.    It has technology-driven product development and marketing and a dedicated in-house R&D facility.
5.    Well-experienced management team.
 

Risks

1.    The company can be impacted negatively if there is any change in Government policies towards the agriculture sector or a reduction in subsidies and incentives provided to farmers. 
2.    It has reported negative cash flows in the past. 
3.    The company needs to obtain and maintain various licenses and permits.
4.    High working capital requirements. 
5.    The business is subject to climatic conditions.
6.    A majority of the revenue comes from Andhra Pradesh, Karnataka and Telangana, which creates concentration risk. 
 

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FAQs

Nova AgriTech IPO opens from 22nd January to 24th January 2024.
 

The Nova AgriTech IPO size is ₹143.81 cr. 

To apply for Nova AgriTech IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for the Nova AgriTech Limited IPO.    
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    
You will receive a mandate notification to block funds in your UPI app.

The GMP value of every IPO changes daily. To view today's GMP of Nova AgriTech IPO visit https://www.5paisa.com/ipo/ipo-gmp 
 

The price band of Nova AgriTech IPO is fixed at ₹39 to ₹41 per share.

The minimum lot size of Nova AgriTech IPO is 365 shares and the investment required is ₹14,235.

The share allotment date of Nova AgriTech IPO is 25th January 2024.

The Nova AgriTech IPO will be listed on 30th January 2024.

Keynote Financial Services Limited and Bajaj Capital Limited are the book-running lead managers for Nova AgriTech IPO.

Nova AgriTech Limited plans to utilize the raised capital from the IPO to:

1.    To fulfill working expenditure requirements for the expansion of the existing formulation plant.
2.    To fund investment in its subsidiary called Nova Agri Sciences Private Limited for a new formulation plant and working capital requirements.
3.    To meet working capital requirements. 
4.    General corporate purposes.