July 6, 2023
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Nova Agritech IPO GMP IPO Details, GMP, Guidance & Subscription status @ Chanakyanipothi.com
Nova Agritech IPO GMP IPO Details and Guidance & Subscription status @ Chanakyanipothi.com – India`s Oldest & the most Trusted Investment website. Operational since 8th December 1999, this is the Only Investment website in India, which has successfully completed 23 Years.
Sebi Approval:
The company has received Sebi nod to go ahead with the IPO.
Nova Agritech IPO Review:
Will update soon.
Nova Agritech IPO Grey Market Premium
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Nova Agritech Subscription Status?
We shall update the subscription status of the IPO, once the IPO opens for subscription.
Who is the promoter of Nova Agritech IPO?
SURAKSHA AGRI RETAILS (INDIA) PRIVATE LIMITRED, MALATHI S AND
KIRAN KUMAR ATUKURI
What is the business of Nova Agritech?
Nova Agritech is an agri-input manufacturer offering soil health management, crop nutrition and crop protection products focused on tech-based farmer driven solution approach, wherein it mainly offers ecologically sustainable and nutritionally balanced products based on our R&D. It manufactures, distributes and markets a wide range of product categories consisting of (a) soil health management products; (b) crop nutrition products; (c) bio stimulant products; (d) bio pesticide products (e) Integrated Pest Management (IPM) products; (f) new technologies; and (g) crop protection products. Currently, the crop protection products are manufactured by its subsidiary Nova Agri Sciences Private Limited.
As on January 31, 2023, it has received a total of 629 product registrations comprising of 7 registrations in the soil health management category, 168 registrations in the crop nutrition category, 4 registrations in bio pesticide category and 450 registrations in the crop protection category. All of the 450 registrations in the crop protection category are in the name of Nova Agri Sciences Private Limited. Further, we have applied for 53 registrations for new products across various categories in the name of Nova Agri Sciences Private Limited (NASPL) and 26 new registrations in the name of Nova Agritech Limited.
It has a total dealer network comprising of approximately 10,900 dealers out of which approximately 6200 dealers are active to whom it has distributed and sold its products during the current financial year. Our dealer network is currently spread across 16 states of 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 and 02 in Nepal. It has also entered into marketing, distribution and supply agreements with certain third parties in Bangladesh, Sri Lanka and Vietnam and is currently awaiting the necessary permission to start business in these jurisdictions.For more information, click www.novaagri.in
What is the object of Nova Agritech IPO?
The Offer comprises the Fresh Issue and an Offer for Sale.
The Company proposes to utilise the Net Proceeds from the Fresh Issue towards
a. Investment in its subsidiary, Nova Agri Sciences Private Limited for setting-up a new formulation plant;
b. Funding Capital Expenditure in its Company, towards expansion of its existing formulation plant;
c. Funding of working capital requirements of the Company;
d. Investment in its subsidiary, Nova Agri Sciences Private Limited, for funding working capital requirements; and
e. General corporate purposes
Nova Agritech IPO GMP, Particulars & Guidance
Nova Agritech IPO Details
| Nova Agritech IPO Details | |
| IPO opens on | ? ,2023 |
| IPO closes on | ? ,2023 |
| Issue Type | Book Built Issue IPO |
| Issue Size | ? Sh /Rs ? Cr |
| * Fresh Issue | ? Sh /Rs 140 Cr |
| * Offer for Sale | 77,58,620 Sh /Rs ? Cr |
| Face Value per share: | Rs. 10 |
| Price Band | Rs. ? |
| Retail Discount | Rs 0 per share |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | ? Shares |
| Listing will at | BSE, NSE |
Shares offered to Shares, Rs. in Cr
| Shares offered to | Shares | Rs. in Cr |
| QIB (0 %) | X | X |
| NII (0 %) | X | X |
| RII (0 %) | X | X |
| Employees | X | – |
| Total Shares | X | X |
| Retail portion will be oversubscribed by | X Forms. | |
| How to apply in Nova Agritech IPO ? | Net of RII discount | |
| Min Retail Application | – Sh | Rs. – |
| Max Retail Application | – Sh | Rs. – |
| Small HNI (Min) application | – Sh | Rs. – |
| Small HNI (Max) application | – Sh | Rs. – |
| Big HNI Application | – Sh | Rs. – |
What is the timetable of Nova Agritech IPO?
| IPO opens on | ? 2023 |
| IPO Closes on | ? 2023 |
| IPO Allotment on | ? 2023 |
| Unblocking of ASBA | ? 2023 |
| Credit of Shares | ? 2023 |
| Listing on | ? 2023 |
| Registered Office of Nova Agritech | |
| Sy.No.251/A/1, Singannaguda Village, Mulugu Mandal, Siddipet, Medak, Telangana – 502279 |
|
| Who are the Lead Managers of Nova Agritech IPO? Keynote Financial Services Limited Bajaj Capital Limited |
|
| Registrar to IPO | |
| Bigshare Services Pvt. Ltd |
Nova Agritech IPO Financial & Analytical Ratios
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs. in Cr | Rs.in Cr | Rs. | % | |
| 2019-20 | 126.67 | 2.98 | 0.48 | 13.02 |
| 2020-21 | 160.93 | 6.30 | 1.00 | 21.41 |
| 2021-22 | 185.61 | 13.69 | 2.18 | 31.69 |
| Book Value of the Share on 31.03.2022 | Rs. | 6.89 | ||
| BV of the Share after the FPO | Rs. | ? | ||
| Offer Price at Cap | Rs. | ? | ||
Ratio Analysis
| Upper Price /last EPS | |
| Upper Price/Book Value Ratio | |
| Upper Price/BV after IPO | ? |
Nova Agritech IPO Peer Comparison.
| As on date of DRHP | FV | Total | PE |
| Rs | Income | Ratio of | |
| Rs. In Cr | |||
| The IPO Company | 10 | 186 | |
| Aries Agro | 10 | 444 | 9.59 |
| Aimco Pesticides | 10 | 313 | 22.54 |
| Basant Agrotech | 1 | 448 | 8.59 |
| Best Agrolife | 10 | 1140 | 26.03 |
| Bhagiratha Chemi | 10 | 437 | 22.44 |
| Heranba | 10 | 1470 | 9.44 |
| India Pesticides | 1 | 729 | 16.68 |
| Madras Fertilisers | 10 | 2334 | 5.55 |
| Dharmaj CropGuard | 10 | 396 | 14.09 |
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Nova Agritech IPO GMP, Particulars & Guidance
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