Nova Agritech IPO

Nova Agritech Limited

₹14,235 /365 sharesMinimum Investment

Nova Agritech IPO Listing DetailsListed OnIssue PriceListing PriceListing Gains
BSE & NSE₹41.00₹56.00₹15.00 (36.59%)
Nova Agritech IPO DetailsBidding DatesMin. InvestmentLot SizePrice Range
23 Jan ‘24 - 25 Jan ‘24₹14,235365₹39 - ₹41
Issue SizeIPO Doc
143.81CrRHP PDF
Subscription rate
Qualified Institutional Buyers79.31x
Non-Institutional Investor224.06x
Retail Individual Investor77.11x
Total109.37x
About the company
Nova Agritech Solutions is an agri-input manufacturer, established in 2007. It specializes in a range of products aimed at enhancing soil health, crop nutrition, and crop protection. The company focuses on technology-based solutions that prioritize ecological sustainability and nutritional balance, stemming from extensive Research and Development. The company's product portfolio includes soil health management products, crop nutrition and biostimulant products, bio pesticides, Integrated Pest Management products, and advanced crop protection technologies.
Their subsidiary, Nova Agri Sciences Private Limited, manufactures the crop protection products. Nova Agritech Solutions has a robust dealer network, comprising approximately 11,722 dealers across 16 Indian states and two regions in Nepal, with plans to expand to Bangladesh, Sri Lanka, and Vietnam. The company primarily generates revenue from Andhra Pradesh, Karnataka, and Telangana. ;Founded in
2007
Managing director
Kiran Kumar Atukuri
Parent organisation
Nova Agritech Limited
Strength and risksStrengths
Risks
Nova Agritech Solutions offers solutions for diverse agricultural needs. Their product range covers soil health management, crop nutrition, bio stimulants, bio pesticides, Integrated Pest Management, and crop protection. The company had 720 product registrations as of November 2023.
The company has a widespread distribution network, comprising approximately 11,722 dealers across 16 Indian states and in Nepal. This enables timely delivery of products, crucial in the seasonal agricultural industry. It has also expanded into international markets like Bangladesh, Sri Lanka, and Vietnam.
Nova Agritech's 'Nova Kisan Seva Kendra' program is aimed at farmer education and outreach. Employing agri-graduates and grassroots workers like Kisan Mitras and Kisan Sevaks, they offer tailored agricultural solutions and knowledge.
The company adopts technology for product development and market analysis, thereby creating products that can cater to current market demands and farmer needs.
Company uses its in-house R&D facility and Quality Control/Assurance capabilities to focus on innovation and quality. Collaborations with universities and the utilization of leased land for product testing helps the company to develop effective and sustainable agricultural solutions.
Nova Agritech works towards enhancing farmer engagement and loyalty by offering comprehensive advisory services and introducing subscription-based access to modern technologies like Agribot and Bhuparikshak. This approach caters to immediate agricultural needs and also educates farmers about evolving trends for better yields.
Nova Agritech imports and distributes specialized agricultural chemicals, like Butachlor and Emamectin Benzoate, to enhance productivity. 
Financials
*All values are in Rs. Cr
No Graph Data To Display
Application detailsApply asPrice bandApply upto
Regular₹39 - 41₹2 Lakh
High Networth Individual₹39 - 41₹2 - 5 Lakh
For Nova Agritech IPO, eligible investors can apply as Regular.

Listed On	Issue Price	Listing Price	Listing Gains
BSE & NSE	₹41.00	₹56.00	₹15.00 (36.59%)

Bidding Dates	Min. Investment	Lot Size	Price Range
23 Jan ‘24 - 25 Jan ‘24	₹14,235	365	₹39 - ₹41

Issue Size	IPO Doc
143.81Cr	RHP PDF

Apply as	Price band	Apply upto
Regular	₹39 - 41	₹2 Lakh
High Networth Individual	₹39 - 41	₹2 - 5 Lakh

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Qualified Institutional Buyers	79.31x
Non-Institutional Investor	224.06x
Retail Individual Investor	77.11x
Total	109.37x