Nova Agri Tech Limited IPO
₹39 - ₹41
365
113.21
| Open Date: | 22-Jan-2024 |
| Close Date: | 24-Jan-2024 |
| Allotment Date: | 25-Jan-2024 |
| Listing Date: | 30-Jan-2024 |
| Listing Price: | N/A |
| Face Value: | ₹2 Per Equity Share |
| Issue Price: | ₹39-41 Per Equity Share |
| Issue Size: | Total Issue Size 35,075,693 shares (aggregating up to ₹143.81 Cr) : Fresh Issue 27,317,073 shares (aggregating up to ₹112.00 Cr) : Offer for Sale 7,758,620 shares of ₹2 (aggregating up to ₹31.81 Cr) |
| Market Lot (Min Amount): | Retail - ₹14,965 : S-HNI - ₹209,510 : B-HNI - ₹1,002,655 |
As on | QIB | Nll | Rll | Total |
|---|---|---|---|---|
| Shares Offered/Reserved | 7,015,139 | 5,261,354 | 12,276,492 | 24,552,985 |
| Day 1 - 23-01-24 05:00 PM | 0.63x | 15.37x | 13.68x | 10.31x |
| Day 2 - 24-01-24 05:00 PM | 1.14x | 74.24x | 38.16x | 35.32x |
| Day 3 - 25-01-24 05:00 PM | 81.13x | 233.03x | 80.20x | 113.21x |
| Total No. of Application: | 2,540,394 (Approx.) | |||
| Retail Subscription on the basis of Apps: | 75.53x | |||
| Earning Per Share(EPS) | ₹2.18/- |
| P/E Ratio | 13.05 |
| RoNW | 31.69% |
| Net Asset Value (NAV) - Post Issue: | ₹6.89/- |
| Total Assets | Total Revenue | Profit After Tax | |
|---|---|---|---|
| 30 Sep,2023 | 196.37 | 103.24 | 10.38 |
| 31 Mar,2023 | 180.78 | 210.93 | 20.49 |
| 22 Mar,2022 | 160.30 | 185.61 | 13.69 |
| 31 Mar,2021 | 147.44 | 160.93 | 6.30 |
| Pre Issue Share Holding | 84.27% |
| Post Issue Share Holding | 59.39% |
| 1. Suraksha Agri Retails (India) Private Limited |
| 2. Malathi S |
| 3. Kiran Kumar Atukuri |
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 utilised in the following manner:
- Investment in the subsidiary, Nova Agri Sciences Private Limited for setting-up a new formulation plant;
- Funding Capital Expenditure in the Company, towards expansion of the existing formulation plant;
- Funding of working capital requirements of the company;
- Investment in the subsidiary, Nova Agri Sciences Private Limited, for funding working capital requirements; and
- General corporate purposes.
Founded in Hyderabad in May 2007, Nova Agri Tech Limited manufactures products that help farmers grow crops better. The main focus is on three things: Soil health, plant nutrition and crop protection. The products are manufactured using technology and are designed to be environmentally friendly and nutritious. The company collaborates with farmers to gain insight into their needs and develop customized solutions that meet their requirements.
The company manufactures, distributes and markets a broad range of product categories, including (a) soil health products, (b) crop nutrition products, (c) biostimulants, (d) biopesticides, (e) integrated pest management (IPM) products, (f) new technologies and (g) crop protection products. The subsidiary Nova Agri Sciences Private Limited is currently responsible for the production of crop protection products.
As of January 31, 2023, the company has received a total of 629 product registrations. These registrations are divided into four categories, namely soil health management, plant nutrition, biopesticides and crop protection. These include 7 registrations in the soil health management category, 168 registrations in the plant nutrition category, 4 registrations in the biopesticide category and 450 registrations in the crop protection category.
By January 31, 2023, the company has 13 Kisan Mitras and 253 Kisan Sevaks at its base.
As on January 31, 2023, the Company has a team of 32 NKSK Coordinators, all of whom have a degree in Agricultural Sciences and are on the Company's payroll.The NKSK program comprises three levels: NKSK Coordinators, Kisan Mitras and Kisan Sevaks. This ensures personal contact with the farmers at the grassroots level.
The company employs 215 people in its sales team. They manage brand sales, distribution channels, and product promotion.
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Also we are not a SEBi registered analyst comapny. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this application. Above information is based on information available as on date coupled with market perceptions.
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