Nova Agritech, an agri-input manufacturer, adopts a technology-driven, farmer-centric approach in offering soil health management, crop nutrition, and crop protection products. The product range, based on ecologically sustainable and nutritionally balanced solutions, is the result of extensive research and development (R&D). Nova Agritech’s product categories include soil health management, crop nutrition, bio-stimulants, biopesticides, Integrated Pest Management (IPM), new technologies, and crop protection.
Nova Agritech has acquired a total of 629 product registrations across different categories. Notably, the subsidiary Nova Agri Sciences Private Limited manufactures all 450 registrations in the crop protection category.
The company boasts a significant dealer network of approximately 10,900, with around 6200 active dealers distributing products across 16 states in India and 2 in Nepal. Additionally, Nova Agritech has entered into agreements for marketing, distribution, and supply in Bangladesh, Sri Lanka, and Vietnam, pending necessary permissions.
To enhance growth in the agriculture sector, Nova Agritech plans to import and distribute Technicals, having entered into agreements with Taiwanese and Chinese entities.
Running the Nova Kisan Seva Kendra program (NKSK), the company employs 32 agri-graduates as NKSK Coordinators, complemented by individuals across states serving as Kisan Mitras and Kisan Sevaks. The NKSK aims to educate farmers on crop management practices, providing need-based solutions, products, technologies, and methodologies to enhance farm yield. The NKSK team, fluent in local languages, establishes an emotional connection with farmers, offering solutions through IOT-based tools like the “NOVA BHUPARIKSHAK” soil health scanning device and “NOVA AGRIBOT” drones.
Nova Agritech IPO Complete Details:
Nova Agritech IPO Timetable:
Company Financial Details:
AS OF NOW, the GMP Of Nova Agritech is Around 20 Rs.
Objects Of Issue:
1. Investment in the subsidiary, Nova Agri Sciences Private Limited, to establish a new formulation plant.
2. Provision of capital for the expansion of the existing formulation plant in the company.
3. Funding the working capital needs of the company.
4. Investment in the subsidiary, Nova Agri Sciences Private Limited, to support its working capital requirements.
5. Allocation of funds for general corporate purposes.
Promoters:
The promoters of the company are Suraksha Agri Retails (India) Private Limited, Malathi S, and Kiran Kumar Atukuri.
FAQs:
When Nova Agritech IPO is Opening?
Nova Agritech IPO is Opening on 23 January 2024.
When is the Nova Agritech IPO Closing?
Nova Agritech IPO is Closing on 25 January 2024.
What is the Issue Size of the Nova Agritech IPO?
The IPO Issue Size of Nova Agritech is 143.81 Crore.
Price Band of Nova Agritech IPO?
The price Band of Nova Agritech IPO is 39 to 41 rupees per share.
What is the minimum investment for Nova Agritech IPO?
The minimum investment for the Nova Agritech IPO is 14,965 Rupees.
Allotment Date of Nova Agritech IPO?
The Allotment of Nova Agritech IPO is on 29 January 2024.
Listing Date of Nova Agritech IPO?
The Listing Of Nova Agritech is Scheduled on 31 January 2024.
One Should Apply for Nova Agritech IPO or Not?
MAY APPLY
How to apply for Nova Agritech IPO through the Zerodha Application?
Open Zerodha Application ——–> At the Bottom Click on Orders ——–> Then at the Top Click on IPO ——–> Find Nova Agritech IPO from the list ——–> Then Click Apply Button ——–> Select Investor Type(Individual) ——–> Enter Your UPI ID ——–> Select @ Extension ——–> Click on Cut-Off Price Box ——–> Enter Quantity ——–>Tick Check Box Of Terms and Conditions ——–> Drag Submit IPO Button On Right Side ——–> Accept IPO Mandate Received in Your UPI Application.
How to apply for Nova Agritech IPO through the Upstox Application?
Open Upstox Application ——–> At the Bottom Click on Invest ——–> Then Click On “View ongoing IPO” ——–> Find Nova Agritech IPO from the list ——–> Then Click Apply Button ——–> Enter Your UPI ID ——–> Select Investor Type ——–> Enter the Number of Lots to Purchase ( ENTER 1) ——–> Click on Cut-Off Price Box ——–>Tick Check Box Of Terms and Conditions ——–> Click on Continue ——–> Click on Confirm And Apply ——–> Accept IPO Mandate Received in Your UPI Application.
How to apply for Nova Agritech IPO through Angel One Application?
Open Angel One Application ——–> At the Bottom Click on Home ——–> Click on IPO Button ——–> Find Nova Agritech IPO from the list ——–> Click on Nova Agritech IPO Name ——–> Click on Apply Now ——> Enter Lot (1) ——–> Select Investor Type ——–> Enter UPI ID ——–> Click on “Apply For IPO” —>Click On Proceed ——–> Accept IPO Mandate Received in Your UPI Application.
Who is the Lead Manager of Nova Agritech?
Keynote Financial Services Limited and Bajaj Capital Limited are the Lead Managers of Nova Agritech.
Where To Check the Allotment of Nova Agritech IPO?
The allotment status for the Nova Agritech IPO will be accessible on the Bigshare Services Private Limited Website.
Nova Agritech IPO is going to be listed at?
Nova Agritech IPO is going to be listed at BSE, NSE.
What is the Lot Size of the Nova Agritech IPO?
The lot size of the Nova Agritech IPO is 365 Shares.
What is the P/E Ratio of the Nova Agritech IPO?
The P/E Ratio of the Nova Agritech is 13.05.
What is the ROE of the Nova Agritech IPO?
The ROE of the Nova Agritech IPO is 38.27%.
What is the ROCE of the Nova Agritech IPO?
The ROCE of the Nova Agritech IPO is 27.25%.
What is the EPS of the Nova Agritech IPO?
The EPS of the Nova Agritech IPO is 3.14.
