IPO Date: 23 Jan - 25 Jan 2024
Listing Date: 31 Jan 2024
Price Range
₹39 to ₹41 per share
Issue Size
143.81 Cr
Min Investment
₹14,235
Lot Size
365 Shares
Issue open date
23 Jan 2024
Issue close date
25 Jan 2024
UPI mandate deadline
25 Jan 2024 (5 PM)
Allotment finalization
29 Jan 2024
Share credit
30 Jan 2024
Listing date
31 Jan 2024
Mandate end date
9 Feb 2024
Funds Raised in the IPO | Amount |
---|---|
Overall | 143.81 Cr |
Fresh Issue | 0 Cr |
Offer for Sale | 0 Cr |
Allotment Timeline | Details |
---|---|
Allotment Date | 29 Jan 2024 |
Allotment Link | {Link} |
Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
Date | Ipo Price | GMP | Estimated Listing Price |
---|---|---|---|
31 Jan 2024 | ₹41 | ₹13 | ₹54 (31.71%) |
30 Jan 2024 | ₹41 | ₹13 | ₹54 (31.71%) |
29 Jan 2024 | ₹41 | ₹23 | ₹64 (56.1%) |
28 Jan 2024 | ₹41 | ₹23 | ₹64 (56.1%) |
27 Jan 2024 | ₹41 | ₹23 | ₹64 (56.1%) |
26 Jan 2024 | ₹41 | ₹23 | ₹64 (56.1%) |
25 Jan 2024 | ₹41 | ₹20 | ₹61 (48.78%) |
24 Jan 2024 | ₹41 | ₹20 | ₹61 (48.78%) |
23 Jan 2024 | ₹41 | ₹20 | ₹61 (48.78%) |
22 Jan 2024 | ₹41 | ₹20 | ₹61 (48.78%) |
21 Jan 2024 | ₹41 | ₹20 | ₹61 (48.78%) |
Issue Price | Listing Gain | Current Market Price | P/L |
---|---|---|---|
₹39 to ₹41 per share | ₹ 65 (40.85%) | ₹ 51.31 | 25.15% |
Founded in Hyderabad in May 2007, Nova AgriTech 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.
Founded in | 2007 |
Managing director | |
Parent organization |
Category | Subscription (No. of times) |
---|---|
Qualified Institutional Buyers (QIBs) | 81.13 |
Non-Institutional Investors (NIIs) | 233.03 |
Retail Individual Investors (RIIs) | 80.2 |
Employee | N/A |
Total | 113.21 |