Nova Agri Tech Limited
ListedMainboardIndustrial & 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
₹13
+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
Last updated 12 days ago
Overall Subscription
113.20x
Total Demand
QIB Multiplier
81.13x
Institutions & Funds
NII / HNI
233.01x
High Net-Worth
Retail (RII)
80.18x
Individual Bidders
Category-Wise Subscription Breakup
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 7,015,139 | 569,165,305 | 81.13x |
| NIB | 5,261,354 | 1,225,946,670 | 233.01x |
| HNIs(10L +) | 3,507,569 | 811,666,195 | 231.40x |
| HNIs (2-10L) | 1,753,785 | 414,280,475 | 236.22x |
| RETAIL | 12,276,492 | 984,372,150 | 80.18x |
| Total | 29,814,339 | 4,005,430,795 | 113.20x |
Application-Wise Breakup
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| Retail (RII) | 33,634 | 2,696,774 | 80.18x |
| HNIs (10L +) | 215 | 50,097 | 233.01x |
| HNIs (2-10L) | 1,030 | 240,000 | 233.01x |
| Total Applications | 34,879 | 2,986,871 | 85.64x |
Day-Wise Subscription Progress
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
About Nova Agri Tech Limited Public Issue & Market Profile
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.
Bidding & Quota Instructions:
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 Schedule:
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.
Frequently Asked Questions
What is Nova Agri Tech Limited IPO GMP today?
The latest Grey Market Premium (GMP) for Nova Agri Tech Limited IPO is ₹13 per equity share. Based on the upper price band of ₹39 to ₹41 per equity share, the estimated listing price is ₹54 (+31.7% expected listing gain).
What is the expected profit per lot for Nova Agri Tech Limited IPO?
With a lot size of 365 shares and current GMP of ₹13, the expected profit per application lot is approx ₹4,745 (+31.7% gain). Minimum application cost is approx ₹14,965.
What is the issue size and price band for Nova Agri Tech Limited IPO?
The Nova Agri Tech Limited IPO aggregate issue size is ₹143.81 Crores with an equity price band set at ₹39 to ₹41 per equity share. The retail lot size is 365 shares requiring a minimum capital outlay of approx. ₹14,965.
How can I check Nova Agri Tech Limited IPO live subscription demand?
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 113.20x (Retail: 80.18x, QIB: 81.13x, NII: 233.01x). You can track live multiples directly on our dedicated subscription page.
Where and when will Nova Agri Tech Limited IPO allotment status be published?
The basis of allotment will be published on the official registrar portal (Bigshare Services Private Limited) and the BSE status verification website on or around 2024-01-29. Investors can verify status using PAN card or application number.
When is the listing date for Nova Agri Tech Limited IPO?
Nova Agri Tech Limited shares are scheduled to list on NSE and BSE on 2024-01-31.