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: 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 Date | January 23, 2024 to January 25, 2024 |
| Face Value | Rs 2 per share |
| Price Band | Rs 39 to Rs 41 per share |
| Lot Size | 365 Shares |
| Total Issue Size | 35,075,693 shares (aggregating up to Rs 143.81 Cr) |
| Fresh Issue | 27,317,073 shares (aggregating up to Rs 112.00 Cr) |
| Offer for Sale | 7,758,620 shares of Rs 2 (aggregating up to Rs 31.81 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 65,202,740 |
| Share Holding Post Issue | 92,519,813 |
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 Date | Tuesday, January 23, 2024 |
| IPO Close Date | Thursday, January 25, 2024 |
| Basis of Allotment | Monday, January 29, 2024 |
| Initiation of Refunds | Tuesday, January 30, 2024 |
| Credit of Shares to Demat | Tuesday, January 30, 2024 |
| Listing Date | Wednesday, 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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