Nova Agritech Ltd. IPO

Nova Agritech, a champion of sustainable agriculture, empowers farmers with tech-driven solutions. They offer a diverse mix of soil health, crop nutrition, and protection products, all developed with farmer needs in mind. Their R&D team blends science with sustainability, creating ecologically balanced solutions to boost yields. This deep understanding of local challenges fuels their farmer outreach program, NKSK, where agri-graduates educate farmers on best practices. Through soil scanners and drones, Nova Agritech provides precise input dosage and application, optimizing harvests. With a growing network across India and beyond, Nova Agritech is cultivating a healthier future for farmers and crops alike.

RHP
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DRHP
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Open Date

2024-01-23

Close Date

2024-01-25

IPO Details

Check out the issue details for Nova Agritech Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 41

Price Band

₹ 39 - 41

Issue Size

143.81 Cr.

Issue Type

Book Built

Open

2024-01-23

Close

2024-01-25

Listingprice

₹ 55

ListingGain

34.15%

Listing Date

2024-01-31

CMP

₹ 63

Current Return

53.66%

Company Financials

You can get the following financial statements of Nova Agritech Ltd. as of now.

Subscription Details

The details about the Nova Agritech Limited IPO is as:

  • The fresh issue size of the IPO is 143.81 Cr.
  • The price band for Nova Agritech Limited IPO is Rs 39 to Rs 41.
  • The shares of Nova Agritech Limited IPO will list on 31st January 2024.
  • The latest tentative GMP of Nova Agritech Limited IPO is Rs 20.
  • The shares of Nova Agritech Limited IPO is subscribed 113.21 Times as of 25th January 2024.

 

Nova Agritech Limited IPO Valuation

The approx valuation of Nova Agritech Limited IPO based on its price band and RHP/DRHP (prospectus) is:

Particulars Value
Upper Price Band Rs 41
Existing Shares (Qty) 6.52 Cr
Fresh Issue 112 Cr
Market Cap 379.32 Cr
EPS (FY23) Rs 3.27
PE Ratio 12.53x
Industry PE 25.64x

 

Nova Agritech Limited IPO Issue Size

Nova Agritech Limited IPO issue size is 143.81 Cr.

Issue Amount
Fresh Issue 112 Cr
Offer For Sale 31.81 Cr

 

Nova Agritech Limited IPO Market Lot

An Individual can apply for a minimum 1 lot of 365 shares and a maximum of 13 lots of 4745 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 365 Rs 14,965
 Maximum 13 4745 Rs 1,94,545

 

Nova Agritech Limited IPO IPO share offer

The shares of Nova Agritech Limited IPO is subscribed 113.21 Times as of 25th January 2024. The category-wise shares subscribed are as follows:

Category % Offered Subscription
Qualified Institutional Maximum 50% 81.13 Times
Non-Institutional Minimum 15% 233.03 Times
Retail Individual Minimum 35% 80.20 Times
Total   113.21 Times

Allotment Details

Find below the dates for Nova Agritech Limited IPO:

Schedule Date
Basis of Allotment 29 January 2024
Refunds 30 January 2024
Credit to Demat Account 30 January 2024
IPO Listing Date 31 January 2024

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Net Sales 110.78 103.36 124.97 116.01 116.75
Total Expenditure 99.77 92.57 111.47 101.16 96.47
Operating Profit 11.01 10.79 13.5 14.86 20.28
Other Income 0.01 0.01 0.31 0.04 0.42
Interest 2.77 5.74 6.77 6.19 6.77
Depreciation 1.6 1.78 1.74 1.85 1.78
Exceptional Items 0 0 0 0 0
Profit Before Tax 6.65 3.28 5.3 6.86 12.16
Provision for Tax 2.27 1.33 1.51 1.82 3.73
Net Profit 4.38 1.95 3.8 5.04 8.42
Adjusted EPS (Rs.) 0.07 0.03 0.06 0.08 0.13

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 12.54 12.54 12.54 12.54 12.54
Total Reserves 13.29 15.24 13.22 18.33 26.93
Borrowings 2.27 12.2 15.47 16.95 11.92
Other N/C liabilities 2.74 3.52 0.96 -1.37 -1.39
Current liabilities 65.77 61.56 61.8 79.29 68.04
Total Liabilities 96.61 105.06 103.99 125.74 118.04
Assets
Net Block 12.99 13.15 14.3 14.9 12.96
Capital WIP 0.67 0 0 0.05 0.63
Intangible WIP 0 0 0 0 0
Investments 1.85 1.85 1.85 1.85 1.85
Loans & Advances 2.32 2.31 0.87 0.69 0.31
Other N/C Assets 0 0 0 0 0
Current Assets 78.77 87.75 86.97 108.25 102.28
Total Assets 96.61 105.06 103.99 125.74 118.04
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2023
Other Income 0.03
Profit Before Tax 6.23
Tax 1.38
Profit After Tax 4.85
Adjusted EPS (Rs) 0.77

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2018 82.13 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Profit from operations 6.65 3.28 5.3 6.86 12.16
Adjustment 5.21 7.76 9.09 8.8 9.8
Changes in Assets & Liabilities -9.63 -18.67 -8.01 -2.92 -10.81
Tax Paid 0 -2.35 -1.53 -3.77 -3.04
Operating Cash Flow 2.22 -9.98 4.85 8.97 8.11
Investing Cash Flow -1.96 -1.25 -2.94 -3.31 0.78
Financing Cash Flow -0.38 11.11 -1.72 -4.49 -7.64
Net Cash Flow -0.13 -0.12 0.2 1.17 1.25
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