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

Nova Agritech Ltd. 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

₹ 59.07

Current Return

44.07%

Nova Agritech Ltd. News

Nova Agritech - Quaterly Results8 Nov, 3:15PM Nova Agritech - Quaterly Results8 Nov, 3:15PM Nova Agritech - Quaterly Results8 Nov, 3:15PM Nova Agritech informs about disclosure16 Oct, 5:13PM Nova Agritech informs about trading window closure25 Sep, 5:21PM Nova Agritech submits agreement intimation 11 Sep, 5:13PM Nova Agritech enters into agreement with KLEF11 Sep, 3:59PM Nova Agritech - Quaterly Results10 Aug, 3:37PM Nova Agritech - Quaterly Results10 Aug, 3:37PM Nova Agritech - Quaterly Results10 Aug, 3:37PM Nova Agritech informs about updates24 Jun, 2:08PM Nova Agritech gets nod to invest in Nova Agri Sciences24 Jun, 10:23AM Nova Agritech informs about outcome of board meeting 22 Jun, 2:46PM Nova Agritech - Quaterly Results27 May, 10:22PM Nova Agritech - Quaterly Results27 May, 10:22PM Nova Agritech informs about outcome of board meeting 2 Apr, 4:55PM Nova Agritech - Quaterly Results14 Feb, 5:42PM Nova Agritech coming with IPO to raise upto Rs 149.55 crore19 Jan, 12:27PM Nova Agritech gets Sebi's nod to float IPO 10 Jul, 3:31PM

Company Financials

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

Company Name

Nova Agritech Ltd.

Exchange

NSE: NOVAAGRI BSE: 544100

  Profit Loss
  Balance Sheet
  Quarterly
  Shareholding
  Cash Flow

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

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 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Net Sales 103.36 124.97 116.01 116.75 179.84
Total Expenditure 92.57 111.47 101.16 96.47 152.19
Operating Profit 10.79 13.5 14.86 20.28 27.65
Other Income 0.01 0.31 0.04 0.42 0.23
Interest 5.74 6.77 6.19 6.77 6.08
Depreciation 1.78 1.74 1.85 1.78 1.37
Exceptional Items 0 0 0 0 0
Profit Before Tax 3.28 5.3 6.86 12.16 20.44
Provision for Tax 1.33 1.51 1.82 3.73 1.83
Net Profit 1.95 3.8 5.04 8.42 18.6
Adjusted EPS (Rs.) 0.03 0.06 0.08 0.13 0.21

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity and Liabilities
Share Capital 12.54 12.54 12.54 12.54 18
Total Reserves 15.24 13.22 18.33 26.93 140.95
Borrowings 12.2 15.47 16.95 11.92 4.04
Other N/C liabilities 3.52 0.96 -1.37 -1.39 -5.12
Current liabilities 61.56 61.8 79.29 68.04 70.88
Total Liabilities 105.06 103.99 125.74 118.04 228.75
Assets
Net Block 13.15 14.3 14.9 12.96 11.85
Capital WIP 0 0 0.05 0.63 0.75
Intangible WIP 0 0 0 0 0
Investments 1.85 1.85 1.85 1.85 1.85
Loans & Advances 2.31 0.87 0.69 0.31 1.03
Other N/C Assets 0 0 0 0 0
Current Assets 87.75 86.97 108.25 102.28 213.26
Total Assets 105.06 103.99 125.74 118.04 228.75
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2023 Mar 2024 Jun 2024 Sep 2024
Other Income 0.03 0.15 0.71 0.36
Profit Before Tax 6.23 6.42 2.54 4.05
Tax 1.38 -1.47 0.3 1.8
Profit After Tax 4.85 7.88 2.25 2.25
Adjusted EPS (Rs) 0.77 0.88 0.25 0.25

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2024 59.39 0
Jun 2024 59.39 0
Mar 2024 59.39 0
Mar 2018 82.13 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Profit from operations 3.28 5.3 6.86 12.16 20.44
Adjustment 7.76 9.09 8.8 9.53 10.46
Changes in Assets & Liabilities -18.67 -8.01 -2.92 -10.37 -30.73
Tax Paid -2.35 -1.53 -3.77 -3.04 -3.65
Operating Cash Flow -9.98 4.85 8.97 8.27 -3.48
Investing Cash Flow -1.25 -2.94 -3.31 1.11 -22.99
Financing Cash Flow 11.11 -1.72 -4.49 -8.13 86.15
Net Cash Flow -0.12 0.2 1.17 1.25 59.67
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