Nova Agritech IPO Subscription Status, Price, GMP, Review

Nova Agritech IPO Subscription Status: The agri-tech company has fixed a Nova AgriTech IPO price band of Rs 39 to Rs 41 per equity share.

Nova Agritech IPO Subscription Status, Price, GMP, Review
Nova Agritech IPO Subscription Status, Price, GMP, Review

Nova Agritech IPO: The agri-tech company new IPO listing are Nova AgriTech IPO. Nova AgriTech IPO opens for subscription on January 23, 2024 and the issue will remain open for bidders till January 25, 2024. The company aims to raise Rs 143.81 crore from its initial offer.

Nova AgriTech IPO Details

IPO DateJanuary 23, 2024 to January 25, 2024
Face ValueRs 2 per share
Price BandRs 39 to Rs 41 per share
Lot Size365 Shares
Total Issue Size35,075,693 shares
(aggregating up to Rs 143.81 Cr)
Fresh Issue27,317,073 shares
(aggregating up to Rs 112.00 Cr)
Offer for Sale7,758,620 shares of Rs 2
(aggregating up to Rs 31.81 Cr)
Issue TypeBook Built Issue IPO
Listing AtBSE, NSE
Share Holding Pre Issue65,202,740
Share Holding Post Issue92,519,813
Nova Agritech IPO Review:
  • The company is engaged in agri-input tech based products.
  • The company has posted growth in its financial performance for the last three fiscals.
  • H1 of FY24 indicates muted growth indicating static performance.
  • Based on FY24 annualized earnings, the issue appears fully priced.
  • Well-informed investors may park funds for the medium to long term rewards.
Nova AgriTech IPO Subscription Status: The Nova AgriTech IPO is subscribed 10.31 times on January 23, 2024. The public issue subscribed 13.68 times in the retail category, 0.63 times in the QIB category, and 15.37 times in the NII category.

Nova AgriTech IPO Date: The book build issue will open for subscribers on January 23, 2024, and will remain open till January 25, 2024.

Nova AgriTech IPO Price: The agri-tech company has fixed a price band of Rs 39 to Rs 41 per equity share.

Nova AgriTech IPO GMP: Nova AgriTech Ltd was found on January 23 at a premium of Rs 20 in the gray market.

Nova AgriTech IPO Size: The agri-tech company aims to raise Rs 143.81 crore from its initial offer, out of which Rs 112 crore is expected via issuance of fresh shares. The remaining Rs 31.81 crore is reserved for offer for sale (OFS).

Nova AgriTech IPO Lot Size: Investors can bid for a minimum of 365 shares and in multiples thereof.

Nova AgriTech IPO Allotment Date: The likely date for finalisation of share allocation is January 29, 2024.

Nova AgriTech IPO Listing: The public issue is proposed for listing on BSE and NSE.

Nova AgriTech IPO Promoter Holding: The promoters of the company are Suraksha Agri Retails (India) Private Limited, Malathi S, and Kiran Kumar Atukuri.

  • Share Holding Pre Issue : 84.27%
  • Share Holding Post Issue: 59.39%

Nova AgriTech IPO Timeline:

IPO Open DateTuesday, January 23, 2024
IPO Close DateThursday, January 25, 2024
Basis of AllotmentMonday, January 29, 2024
Initiation of RefundsTuesday, January 30, 2024
Credit of Shares to DematTuesday, January 30, 2024
Listing DateWednesday, January 31, 2024

Nova AgriTech IPO Buy or Not

  • Brokers 5: 1 Subscribe
  • Members: 1 Avoid

• Disclaimer: The above article is meant for informational purposes only, any investment stock market & mutual fund please advice financial expert.

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