IPO Details

Bidding Dates

To be announced

Minimum Investment

To be announced

Price Range

To be announced

Maximum Investment

To be announced

Retail Discount

To be announced

Issue Size

To be announced

Investor category and sub category

To be announced

About Nova Agritech Limited

Nova Agritech Limited is an agri-input manufacturer. The company manufactures, distributes, and markets soil health management solutions, crop nutrition and protection products, and other products. They are focused on a tech-based, farmer-driven solution approach. They mainly offer ecologically sustainable and nutritionally balanced products based on their research and development. The company’s crop protection products are manufactured by its subsidiary Nova Agri Sciences Private Limited.

Nova Agritech has an active dealer network comprising ~6,200 dealers. The network is spread across 16 states of India, namely, Telangana, Andhra Pradesh, Madhya Pradesh, Maharashtra, Karnataka, Rajasthan, etc. The company has also entered into marketing, distribution, and supply agreements with third parties in Bangladesh, Vietnam and Sri Lanka and is awaiting permission to start a business in these jurisdictions.

Nova Agritech Limited IPO Objective

The money obtained from selling the new shares will be used for various purposes:

  • Investing in Nova Agri Sciences Pvt Ltd (a subsidiary of Nova Agritech Ltd) to establish a new formulation plant.
  • Financing the expansion of their current formulation plant.
  • Supporting the working capital requirements of Nova Agritech Ltd and its subsidiary.
  • Meeting general corporate purposes.

Competitive Peers

Other players in the domain recognised by Nova Agritech are Aries Agro Ltd., Amico Pesticides Ltd., Basant Agrotech Ltd., Best Agrolife Ltd., Bhagiradha Chemicals & Industries Ltd., Heranba Industries Ltd., India Pesticides Ltd., Madras Fertilizers Ltd., and Dharmaj Crop Guard Ltd. Other players in the domain recognised by Nova Agritech are Aries Agro Ltd., Amico Pesticides Ltd., Basant Agrotech Ltd., Best Agrolife Ltd., Bhagiradha Chemicals & Industries Ltd., Heranba Industries Ltd., India Pesticides Ltd., Madras Fertilizers Ltd., and Dharmaj Crop Guard Ltd.

Nova Agritech Limited Noteworthy Highlights

  • As on January 31, 2023, the company received a total of 629 product registrations, including 450 registrations in the crop protection category.
  • Nova Agritech is present in 16 Indian states through an active network of 6,200 dealers.

IPO Financials

Particulars Period ending on September 30, 2022 Year ending on March 31, 2022 Year ending on March 31, 2021
Revenue from Operations 8,165.26 18,556.77 16,057.74
Profit After Tax (PAT) 686.39 1,368.93 630.00
PAT Margin - - -
EBITDA 1,325.14 2,777.74 1,779.96
EBITDA Margin 16.23% 14.97% 11.08%
EPS 1.09 2.18 1.00
ROE 14.72% 37.70% 24.08%

Know before investing

Strengths

2
  1. The company offers a comprehensive product portfolio that caters to soil health management, crop nutrition, biostimulant, biopesticides, integrated pest management, and crop protection needs. Its products are branded and diversified, providing a one-stop solution to farmers in India.

  2. To reach its customers, the company has an established distribution network of dealers in different states, enabling it to market, sell, and distribute its products efficiently.

Risks

2
  1. The company, along with its subsidiaries, promoters, and directors, is facing legal proceedings and potential litigation that may result in liabilities, penalties, and negative effects on its business.

  2. The company has experienced negative cash flow in some fiscal years, and if this continues, it could have a detrimental impact on its financial condition, operations, and overall business performance.

  • How to Apply in IPO
  • How to Check IPO Allotment Status

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Select desired IPO & tap on "Apply"

Enter UPI ID, set quantity/price & submit

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Choose IPO section on Home Page

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Nova Agritech Limited IPO FAQs

What is Nova Agritech Limited IPO?

Nova Agritech Limited Ltd. IPO is a combination of fresh shares worth ₹14,000 lakh and an offer for sale of up to 77,58,620 equity shares

When will Nova Agritech Limited IPO allotment be available?

Will be updated soon.

What will be the Nova Agritech Limited IPO lot size?

Will be updated soon.

When will Nova Agritech Limited IPO open for subscription?

Will be updated soon.

What minimum lot size can retail investors subscribe to?

Retail investors can apply for a minimum of one lot.

When will Nova Agritech Limited list on exchanges?

Will be updated soon.

How to check the allotment status of Nova Agritech Limited IPO?

Login to the Angel One app and enter OTP sent on your registered mobile number to validate. 

To check the allotment status, enter your application number, DP ID, and PAN number into the app.

What would be the listing gains on the Nova Agritech Limited IPO?

Listing gains cannot be calculated before listing the IPO on the stock exchange.

I have finished the application process for Nova Agritech Limited IPO, but the funds are not yet debited. What is the reason?

At the first step, the bank only blocks the amount in your account. The money will be debited when the shares are allotted or unblock the amount after the UPI mandate expiry date.

How to approve the UPI mandate request for Nova Agritech Limited IPO?

Login to your UPI handle to approve the payment mandate and complete the IPO application process.

Can I submit more than one application for the public issue of Nova Agritech Limited using one PAN?

You can submit only one application using one PAN card.

What is the minimum order quantity for Nova Agritech Limited IPO?

Will be updated soon.