
Industrial & Financial Services · NSE / BSE
Nova AgriTech Limited, founded in Hyderabad in May 2007, specializes in manufacturing environmentally friendly and technology-driven agricultural products focused on soil health, plant nutrition, and crop protection. The company develops tailored solutions by collaborating with farmers and offers a diverse product range, including soil health products, crop nutrition, biostimulants, biopesticides, integrated pest management (IPM) products, new technologies, and crop protection products. Its subsidiary, Nova Agri Sciences Private Limited, handles crop protection manufacturing. As of January 31, 2023, the company has secured 629 product registrations across four categories: soil health management (7), plant nutrition (168), biopesticides (4), and crop protection (450). To support farmers, Nova AgriTech has structured its NKSK program, comprising 32 NKSK Coordinators (agriculture graduates), 13 Kisan Mitras, and 253 Kisan Sevaks, ensuring grassroots engagement. Additionally, its 215-member sales team oversees brand sales, distribution channels, and product promotions.
Price Band
₹39 – ₹41
Issue Size
₹144 Cr
Lot Size
365 shares
GMP
+31.7%
Est. Listing
₹54
at current GMP
Subscribed
113.20x
overall
Open
23 Jan 2024
Close
25 Jan 2024
Allotment
29 Jan 2024
Refund
30 Jan 2024
Demat Credit
31 Jan 2024
Listing
31 Jan 2024
Designated Registrar: Bigshare Services Private Limited
Allotment Date
29 Jan 2024
Basis finalization
Refunds Initiate
30 Jan 2024
Mandate release
Demat Credit
31 Jan 2024
Shares in demat
Listing Debut
31 Jan 2024
Trading begins
Nova Agri Tech Limited is bringing an initial public offering (IPO) in the Industrial & Financial Services sector with an aggregate issue size of ₹143.81 Crores. The shares are offered at a price band of ₹39 to ₹41 per equity share on NSE and BSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 365 shares (approx. ₹14,965 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Bigshare Services Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2024-01-31, while un-allotted funds or UPI block mandates will be released on 2024-01-30.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.