January 31, 2024
admin
- GMP
- Reviews
- Subscription
- Allotment
Nova Agritech IPO GMP IPO Details, GMP, Guidance & Subscription status @ Chanakyanipothi.com India`s Oldest & the most Trusted Investment website. Operational since 8th December 1999, this is the Only Investment website in India, which has successfully completed 23 Years.
Post Listing Review:
Listed at Rs. 55, at premium of 34.15% over the issue price of Rs. 41. The listing has been in accordance with the expectations of the grey market.
Nova Agritech IPO Review:
Nova Agritech is an agri-input manufacturer offering soil health management, crop nutrition and crop protection products focused on tech-based farmer driven solution approach. The shares are offered at very reasonable valuation. The IPO size is very very small and hence allotment will be tough. May try your luck to receive allotment.
Nova Agritech IPO last Grey Market Premium
Premium: Rs. 13
R- Subject to Rate Rs. 3600
H-Application Rate Rs.
H-Subject to Rate Rs.50400
Nova Agritech Subscription Status?
On 25 January 2024 5.00 pm (Day 3) (Closed)
Review: Rs.13496 Cr bidding uptil now
QIB: 7176461 Shares 81.13 T
NII(10L+): 3647657 Shares 231.40 T
NII (<10L) 1823829 Shares 236.27 T
NII (Total) 5471486 Shares 233.03 T
RII: 12766799 Shares 80.20 T
Total: 25414746 Shares 113.81 T
Who is the promoter of Nova Agritech IPO?
SURAKSHA AGRI RETAILS (INDIA) PRIVATE LIMITRED, MALATHI S AND
KIRAN KUMAR ATUKURI
What is the business of Nova Agritech?
Nova Agritech is an agri-input manufacturer offering soil health management, crop nutrition and crop protection products focused on tech-based farmer driven solution approach, wherein it mainly offers ecologically sustainable and nutritionally balanced products based on its R&D. It manufactures, 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 (IPM) products; (f) new technologies; and (g) crop protection products. Currently, the crop protection products are manufactured by its subsidiary Nova Agri Sciences Private Limited.
As on January 31, 2023, it has received a total of 629 product registrations comprising of 7 registrations in the soil health management category, 168 registrations in the crop nutrition category, 4 registrations in bio pesticide category and 450 registrations in the crop protection category. All of the 450 registrations in the crop protection category are in the name of Nova Agri Sciences Private Limited. Further, we have applied for 53 registrations for new products across various categories in the name of Nova Agri Sciences Private Limited (NASPL) and 26 new registrations in the name of Nova Agritech Limited.
It has a total dealer network comprising of approximately 10,900 dealers out of which approximately 6200 dealers are active to whom it has distributed and sold its products during the current financial year. Our 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. It has also entered into marketing, distribution and supply agreements with certain third parties in Bangladesh, Sri Lanka and Vietnam and is currently awaiting the necessary permission to start business in these jurisdictions.For more information, click www.novaagri.in
What is the object of Nova Agritech IPO?
The Offer comprises the Fresh Issue and an Offer for Sale.
The Company proposes to utilise the Net Proceeds from the Fresh Issue towards
a. Investment in its subsidiary, Nova Agri Sciences Private Limited for setting-up a new formulation plant;
b. Funding Capital Expenditure in its Company, towards expansion of its existing formulation plant;
c. Funding of working capital requirements of the Company;
d. Investment in its subsidiary, Nova Agri Sciences Private Limited, for funding working capital requirements; and
e. General corporate purposes
Nova Agritech IPO GMP, Particulars & Guidance
| Nova Agritech IPO Details | |
| IPO opens on | 23 January 2024 |
| IPO closes on | 25 January 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 35075693 Sh /Rs 143.81 Cr |
| * Fresh Issue | 27317073 Sh /Rs 112.00 Cr |
| * Offer for Sale | 77,58,620 Sh /Rs 31.81 Cr |
| Face Value per share: | Rs. 2 |
| Price Band | Rs. 39-41 |
| Retail Discount | Rs 0 per share |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 365 Shares |
| Listing will at | BSE, NSE |
| Shares offered to | Shares | Rs. in Cr |
| QIB (50 %) | 17537846 | 71.91 |
| NII (15 %) | 5261354 | 21.57 |
| RII (35 %) | 12276493 | 50.33 |
| Employees | – | – |
| Total Shares | 35075693 | 143.81 |
| Retail portion will be oversubscribed by | X Forms. | |
| How to apply in Nova Agritech IPO ? | Amount Rs. |
|
| Min Retail Application | 365 Sh | 14965 |
| Max Retail Application | 4745 Sh | 194545 |
| Small HNI (Min) application | 5110 Sh | 209510 |
| Small HNI (Max) application | 24090 Sh | 987690 |
| Big HNI Application | 24455 Sh | 1002655 |
| What is the timetable of Nova Agritech IPO? | |
| IPO opens on | 23 January 2024 |
| IPO Closes on | 25 January 2024 |
| IPO Allotment on | 29 January 2024 |
| Unblocking of ASBA | 30 January 2024 |
| Credit of Shares | 30 January 2024 |
| Listing on | 31 January 2024 |
| Registered Office of Nova Agritech | |
| Sy.No.251/A/1, Singannaguda Village, Mulugu Mandal, Siddipet, Medak, Telangana – 502279 |
|
| Who are the Lead Managers of Nova Agritech IPO? Keynote Financial Services Limited Bajaj Capital Limited |
|
| Registrar to IPO | |
| Bigshare Services Pvt. Ltd |
| Nova Agritech IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs. in Cr | Rs.in Cr | Rs. | % | |
| 2020-21 | 160.93 | 6.30 | 1.00 | 21.41 |
| 2021-22 | 185.61 | 13.69 | 2.18 | 31.69 |
| 2022-23 | 210.93 | 20.49 | 3.27 | 32.08 |
| Book Value of the Share on 31.03.2023 | Rs. | 10.19 | ||
| BV of the Share after the FPO | Rs. | ? | ||
| Offer Price at Cap | Rs. | 41 | ||
| Ratio Analysis | |
| Upper Price /EPS | 13.05 |
| Upper Price/Book Value | 4.02 |
| Upper Price/BV after IPO | ? |
Nova Agritech IPO Peer Comparison.
| As on date of RHP | FV | Total | PE |
| Rs | Income | Ratio of | |
| Rs. In Cr | |||
| The IPO Company | 10 | 210 | 13.05 |
| Aries Agro | 10 | 481 | 15.44 |
| Aimco Pesticides | 10 | 207 | -56.6 |
| Basant Agrotech | 1 | 550 | 10.54 |
| Best Agrolife | 10 | 1510 | 41.93 |
| Bhagiratha Chemi | 10 | 503 | 11.30 |
| Heranba | 10 | 1338 | 13.56 |
| India Pesticides | 1 | 898 | 29.51 |
| Madras Fertilisers | 10 | 34614 | 9.35 |
| Dharmaj CropGuard | 10 | 538 | 21.89 |
# This is only coverage of News related to Grey Market. We do not deal in grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Quicklinks
- Staffavailable.com
- BigGaddi.com
- ChanakyaMFGuidance.com
- Magajmari.com
- AnalysisLibrary.com
- Calls for the Day
