Nova Agri IPO GMP, Price, Date, Allotment

Nova Agri IPO GMP

Nova Agri IPO Description – Nova Agritech is a prominent agri-input manufacturer specializing in providing products dedicated to soil health management, crop nutrition, and crop protection.

Nova Agritech engages in the manufacturing, distribution, and marketing of an extensive array of product categories, encompassing (a) products for soil health management; (b) crop nutrition products; (c) biostimulant products; (d) biopesticide products; (e) Integrated Pest Management (IPM) products; (f) innovations in technology; and (g) crop protection products. Notably, the production of crop protection products is currently carried out by its subsidiary, Nova Agri Sciences Private Limited.

As of 31 January  2023, Nova Agri has obtained 629 product registrations. These include 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. The company applied for 26 new registrations in the name of Nova Agritech Limited (NATL).

Nova Agritech boasts an extensive dealer network, totaling approximately 10,900 dealers. Among these, around 6,200 dealers are actively engaged, having received product distributions and sales during the ongoing financial year. This robust network spans 16 states in 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, with an additional presence in Nepal.

The company has forged marketing, distribution, and supply agreements with specific third parties in Bangladesh, Sri Lanka, and Vietnam.

Nova Agritech IPO

Promoters of Nova Agritech – Suraksha Agri Retails (India) Private Limited, Malathi S, and Kiran Kumar Atukuri

Nova Agri IPO Details

Nova Agri IPO Dates23 – 25 January 2024
Nova Agri IPO PriceINR 39 – 41 per share
Fresh issueINR 112 crore
Offer For Sale7,758,620 shares (INR 30.26 – 31.81 crore)
Total IPO sizeINR 142.26 – 143.81 crore
Minimum bid (lot size)365 shares (INR 14,965)
Face Value INR 2 per share
Retail Allocation35%
Listing OnBSE, NSE

Nova Agritech Financial Performance

 FY 2021FY 2022FY 2023H1 FY 2024
Net income6.3013.6920.4910.38
Margin (%)3.927.389.7310.06
Figures in INR Crores unless specified otherwise

Nova Agri Offer News

Nova Agritech Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio11.93 – 12.54
RONW (%)21.4131.6932.08
ROCE (%)19.8723.8127.25
EBITDA (%)11.0814.9718.39
*Compiled by IPO Central from Prospectus

Nova Agri IPO GMP Today (Daily Trend)

DateDay-wise IPO GMPKostakSubject to Sauda
30 January 2024235,500
29 January 2024225,500
26 January 2024225,500
26 January 2024225,500
25 January 2024255,800
24 January 2024205,500
23 January 2024205,500
22 January 2024205,500
20 January 2024206,000
19 January 2024206,000

Nova Agri IPO Objectives

The net proceeds of the Fresh Offer, i.e. gross proceeds of the Fresh Offer less the offer expenses apportioned to the company (Net Proceeds) are proposed to be utilized in the following manner:

  • Investment in its subsidiary, Nova Agri Sciences Private Limited for setting up a new formulation plant – INR 14.20 crore
  • Funding Capital Expenditure in the company, towards the expansion of its existing formulation plant – INR 10.49 crore
  • Funding of working capital requirements of the company – INR 26.69 crore
  • Investment in its subsidiary, Nova Agri Sciences Private Limited, for funding working capital requirements – INR 56.74 crore
  • General corporate purposes

Nova Agri IPO Subscription – Live Updates

Shares Offered71764615,471,48612,766,79925,414,746
25 Jan 202479.31224.0677.11109.37
24 Jan 20241.1271.8737.5234.64
23 Jan 20240.6214.6812.779.75

Nova Agritech – Comparison With Listed Peers

CompanyFace ValuePE ratioEPSRONW (%)NAVRevenue (Cr.)
Nova Agritech212.542.1831.696.89185.61
Aries Agro109.5910.225.93172.43443.94
Aimco Pesticides1022.5411.1221.1152.68312.83
Basant Agrotech18.592.0912.3916.91448.33
Best Agrolife1026.0338.2227.88132.081,139.63
Bhagiradha Chemicals & Industries1022.4443.0218.83227.81436.52
Heranba Industries109.4447.2526.46178.551,469.72
India Pesticides116.6813.8224.8155.43729.31
Madras Fertilizers105.5510.06(32.06)(31.37)2,333.87
Dharmaj Crop1014.0911.6233.7934.40396.29

Nova Agri IPO Allotment Status

Nova Agri IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.

Nova Agri IPO Dates & Listing Performance

Nova Agri IPO Opening Date23 January 2024
Nova Agri IPO Closing Date25 January 2024
Finalization of Basis of Allotment29 January 2024
Initiation of refunds30 January 2024
Transfer of shares to demat accounts30 January 2024
Nova Agri IPO Listing Date31 January 2024
Opening Price on NSEINR 55 per share (up 34.15%)
Closing Price on NSEINR 57.75 per share (up 40.85%)

Nova Agri IPO Reviews – Subscribe or Avoid?

Angel One –
Anand Rathi –
Axis Capital –
Antique Stock Broking –
Arihant Capital –
Ashika Research –
Asit C Mehta –
BP Wealth – Subscribe
Capital Market – Neutral
Canara Bank Securities – Subscribe
Choice Broking – Subscribe
Dalal & Broacha –
Elite Wealth –
GCL Broking –
Geojit –
GEPL Capital – Subscribe
Hem Securities –
ICICIdirect –
Investmentz –
Jainam Broking
Keynote Financial – Not Rated
DR Choksey –
LKP Research –
Marwadi Financial –
Motilal Oswal –
Nirmal Bang –
Reliance Securities –
Religare Broking –
Samco Securities – Not Rated
SMC Global – 2/5
Stoxbox by BP Equities – Subscribe
Swastika Investmart – Subscribe
Ventura Securities – Subscribe

Nova Agritech IPO Lead Manager

The Ruby, 9th Floor, Senapati Bapat Marg,
Dadar (West), Mumbai – 400028
Tel: 022– 68266000
E-mail: [email protected]

Nova Agri Offer Registrar

S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email:  [email protected]

Nova Agri Contact Details

Sy.No. 251/A/1, Singannaguda Village,
Mulugu Mandal, Siddipet, Medak, Telangana – 502279
Phone: +91 84 54253446
Email: [email protected]

Nova Agri IPO FAQs

How many shares in Nova Agri IPO are reserved for HNIs and retail investors?

The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.

How to apply in Nova Agri Public Offer?

The best way to apply in Nova Agri public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.

What is Nova Agri IPO GMP today?

Nova Agri IPO GMP today is INR 23 per share.

What is Nova Agri kostak rate today?

Nova Agri kostak rate today is INR NA per application.

What is Nova Agri Subject to Sauda rate today?

Nova Agri Subject to Sauda rate today is INR 5,500 per application.


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