Nova Agri Tech IPO Date, Review, Price, Allotment Details

Nova Agritech 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 R&D. They manufacture, distribute, and market a wide range of product categories consisting of (a) soil health management products; (b) crop nutrition products; (c) biostimulant products; (d) biopesticide products (e) Integrated Pest Management (IPM) 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 of January 31, 2023, they have received a total of 629 product registrations comprising 7 registrations in the soil health management category, 168 registrations in the crop nutrition category, 4 registrations in the 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, they 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 (NATL).

Nova Agritech has a total dealer network comprising approximately 10,900 dealers out of which approximately 6200 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.

Objects of the Issue

• Investment in the subsidiary, Nova Agri Sciences Private Limited for setting-up a new formulation plant.
• Funding Capital Expenditure in the Company, towards expansion of the existing formulation plant.
• Funding of working capital requirements of the company.
• Investment in the subsidiary, Nova Agri Sciences Private Limited, for funding working capital requirements.
• General corporate purposes.

Nova Agri Tech IPO Review (Apply or Not)

• May Apply

Brokerage Firm IPO Review

• Capital Market: To be updated soon
• Religare Broking: To be updated soon
• Hem Securities: To be updated soon
• Arihant Capital: To be updated soon

Nova Agri Tech IPO Date & Price Band Details

Nova Agri Tech IPO Market Lot

The Nova Agri Tech IPO minimum market lot is 365 shares with ₹14,965 application amount. The retail investors can apply up-to 13 lots with 4,745 shares or ₹194,545 amount.

Nova Agritech IPO Allotment & Listing Dates

The Nova Agri Tech IPO date is Januyar 23 and the close date is January 25. The Nova Agritech IPO allotment will be finalized on January 29 and the IPO listing on January 31.

You can check IPO subscription status and IPO allotment status on their respective pages.

Nova Agri Tech IPO Form

How to apply for the Nova Agri Tech IPO? You can apply for Nova Agri Tech IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Nova Agritech IPO in the Invest section. The other option is you can apply for Nova Agri Tech IPO via IPO forms downloaded via NSE and BSE. Check out the Nova Agri Tech forms – Click BSE Forms & NSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.

Nova Agri Tech Company Financial Report

Nova Agritech IPO Valuation – FY2023

Check Nova Agri Tech IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

Peer Group

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

Company Promoters

• Suraksha Agri Retails (India) Private Limited
• Malathi S
• Kiran Kumar Atukuri

Nova Agri Tech IPO Registrar

Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: https://ipo.bigshareonline.com/

Nova Agri Tech IPO Allotment Status Check

Check Nova Agri Tech IPO allotment status on Bigshare website allotment URL. Click Here

Nova Agri Tech IPO Lead Managers aka Merchant Bankers

• Keynote Financial Services Ltd
• Bajaj Capital Limited

Company Address

Nova Agri Tech Limited
Sy.No.251/A/1, Singannaguda Village
Mulugu Mandal
Siddipet, Medak- 502279
Phone: +91 84 54253446
Email: [email protected]
Website: https://novaagri.in/

Nova Agri Tech IPO FAQs