Nova Agritech Ltd Ipo Apply !!
Nova Agritech Limited, established in 2007 in Hyderabad, is a leading agri-input manufacturer with a focus on ecologically sustainable and nutritionally balanced products for farmers. Specializing in soil health management, crop nutrition, and protection, the company operates across 16 states in India and 2 in Nepal, with pending agreements for expansion in Bangladesh, Sri Lanka, and Vietnam. Nova Agritech holds 629 product registrations and collaborates with Nova Agri Sciences Private Limited for crop protection products. Importantly, the company is poised for growth by importing Technicals through agreements with Taiwanese and Chinese entities. The Nova Kisan Seva Kendra program plays a pivotal role in farmer outreach, leveraging IOT-based solutions like "NOVA BHUPARIKSHAK" for soil health scanning and "NOVA AGRIBOT" drones for efficient farming practices. In essence, Nova Agritech Limited combines sustainable agriculture practices, farmer education, and technological innovation in agri-input manufacturing.
Nova Agritech's IPO is priced between ?39 to ?41 per equity share with a face value of ?2. Share reservation includes 50% for qualified institutional buyers (QIB), 15% for non-institutional investors (NII), and 35% for retail investors. The basis of allotment is tentatively set for January 25, with refunds initiated on January 29, and share credits to the demat accounts on the same day. The listing on BSE and NSE is anticipated on January 30. The promoters currently hold 84.27% of the issued shares. The IPO is valued at ?143.81 crore, comprising a fresh issue of ?112 crore and an offer-for-sale (OFS) of 7,758,620 equity shares worth ?31.81 crore by selling shareholder Nutalapati Venkatasubbarao.
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