IPO Details
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Minimum Investment
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Price Range
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Maximum Investment
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Retail Discount
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Investor category and sub category
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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
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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.
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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
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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.
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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.
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Nova Agritech Limited IPO FAQs
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
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