Nova Agri Tech IPO GMP Today: Nova Agri Tech IPO date is declared, is all set to make its debut on the indian stock market on 23 January 2024. Through this an Initial Public Offering (IPO) Nova Agri Tech company expected to raise around ₹143.81 crores for future development and expansion of its operations all over the globe. Nova Agri Tech IPO GMP, Important Date & Price Band Details are given below
Nova Agri Tech IPO GMP Today:
| Nova Agri Tech IPO GMP Rates Live. |
||||
| Date | GMP | Kostak | Subject to Sauda | Expected Returns |
| 24-Jan | ₹20 | ₹- | ₹5,000 | 49% |
| 22-Jan | ₹20 | ₹- | ₹5,000 | 49% |
| 19-Jan | ₹20 | ₹- | ₹5,000 | 49% |
| 18-Jan | ₹20 | ₹- | ₹- | 49% |
| 17-Jan | ₹- | ₹- | ₹- | 0% |
| 16-Jan | ₹- | ₹- | ₹- | 0% |
| 15-Jan | ₹- | ₹- | ₹- | 0% |
| 14-Jan | ₹- | ₹- | ₹- | 0% |
| 13-Jan | ₹- | ₹- | ₹- | 0% |
Nova Agri Tech IPO Subscription Status:
Nova Agri Tech IPO subscription status provides insights of the level of enthusiasm among investors across the country. During the subscription period, investors have the opportunity to bid for the shares at the offered price range. The subscription status is regularly updated, reflecting the cumulative demand for shares. Check Nova Agri Tech IPO Subscription Status as on today
| Nova Agri Tech IPO Subscription Live. | ||||
| Date | QIB | NII | Retail | Total |
| Day 1 – 23-01-2024 | 0.63 | 15.37 | 13.68 | 10.31 |
| Day 2 – 24-01-2024 | 0.81 | 47.43 | 30.69 | 25.74 |
| Day 3 – 25-01-2024 | ||||
Nova Agri Tech IPO Important Date & Price Band Details:
Nova Agri Tech IPO Open and Close dates IPO Size, Price band and other important details are mentioned below
| Nova Agri Tech IPO Important Date & Price Band Details | |
| IPO Open Date | 23-Jan-24 |
| IPO Close Date | 25-Jan-24 |
| IPO Size | Approx ₹143.81 Crores |
| Fresh Issue | Approx ₹112 Crores |
| Offer for Sale | Approx 7,758,620 Equity shares |
| Face Value | ₹2 Per Equity Share |
| IPO Price Band | ₹39 to ₹41 Per Share |
| IPO Listing on | BSE & NSE |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
Nova Agri Tech IPO Market Lot:
Lot size for applying Nova Agri Tech IPO is mentioned below
| Nova Agri Tech IPO Market Lot | |||
| Retail Minimum | 1 | 365 | ₹14,965 |
| Retail Maximum | 13 | 4745 | ₹194,545 |
| S-HNI Minimum | 14 | 5110 | ₹209,510 |
| B-HNI Minimum | 67 | 24455 | ₹1,002,655 |
Nova Agri Tech IPO Allotment & Listing Dates
Note the below all important dates before applying Nova Agritech IPO
| Nova Agritech IPO Allotment & Listing Dates | |
| Anchor Investors Allotment | 19-Jan-24 |
| IPO Open Date | 23-Jan-24 |
| IPO Close Date | 25-Jan-24 |
| Basis of Allotment | 29-Jan-24 |
| Refund date | 30-Jan-24 |
| Credit on Demat Account | 30-Jan-24 |
| IPO Listing Date | 31-Jan-24 |
About the Company – Nova Agri Tech Limited
Nova Agritech Limited (NATL) stands out as a leading agri-input manufacturer with a focus on a technology-driven approach to provide comprehensive solutions for soil health management, crop nutrition, and crop protection. Established in 2007 and headquartered in Hyderabad, the company has positioned itself as an innovative force in the agricultural sector.
The core ethos of Nova Agritech revolves around a tech-based, farmer-driven solution approach. Their commitment is evident in the development and distribution of ecologically sustainable and nutritionally balanced products, a testament to their dedicated Research and Development (R&D) teams. The diverse range of products spans various categories, including soil health management, crop nutrition, biostimulants, biopesticides, Integrated Pest Management (IPM), new technologies, and crop protection.
Notably, the manufacturing of crop protection products is carried out by their subsidiary, Nova Agri Sciences Private Limited. As of January 31, 2023, Nova Agritech boasts an impressive total of 629 product registrations, distributed across categories such as soil health management, crop nutrition, biopesticides, and crop protection. The entirety of the 450 registrations in the crop protection category is under the banner of Nova Agri Sciences Private Limited.
Additionally, Nova Agritech has sought further expansion through 53 registrations for new products under Nova Agri Sciences Private Limited (NASPL) and 26 under Nova Agritech Limited (NATL), covering various categories.
The company has established a robust dealer network, totaling approximately 10,900 dealers, with around 6200 actively engaged during the current financial year. This extensive network operates across 16 states in India, including Andhra Pradesh, Telangana, Maharashtra, Karnataka, Madhya Pradesh, Rajasthan, Chhattisgarh, Tamil Nadu, Uttar Pradesh, Odisha, West Bengal, Bihar, Gujarat, Jharkhand, Uttarakhand, and Jammu & Kashmir, along with two locations in Nepal.
In addition to its nationwide presence, Nova Agritech has expanded its reach through strategic marketing, distribution, and supply agreements with third parties in Bangladesh, Sri Lanka, and Vietnam. Currently awaiting necessary permissions to commence operations in these jurisdictions, the company is poised for further international growth and influence in the agricultural technology sector.
Nova Agri Tech Company Address and Contact Details
Nova Agri Tech Limited
Sy.No.251/A/1, Singannaguda Village
Mulugu Mandal
Siddipet, Medak- 502279
Phone: +91 84 54253446
Email: ipo@novaagri.in
Website: https://novaagri.in/
Nova Agri Tech IPO FAQs
1. What is Nova Agri Tech IPO?
Nova Agri Tech IPO is refers to the Initial Public Offering launched by Nova Agri Tech Limited, a leading agri-input manufacturer. The IPO allows the public to subscribe to the company’s shares, making them shareholders and giving them a stake in Nova Agri Tech’s growth.
2. Why is Nova Agri Tech Going Public?
Nova Agri Tech has decided to go public to raise capital for expansion, research and development, and other business activities. The IPO also provides an opportunity for existing investors to exit and allows the public to participate in the company’s success.
3. How Can I Participate in Nova Agri Tech IPO?
To participate in Nova Agri Tech IPO, you need to have a Demat account and a trading account with a registered stockbroker. During the IPO subscription period, you can place bids for the shares through your broker’s platform.
4. What are the Key Dates for Nova Agri Tech IPO?
Important dates for Nova Agri Tech IPO GMP include the opening and closing dates for subscription, allotment date, and the listing dates are mentioned in this article or you can find it on website FInanceMinds.in . Investors should keep a close eye on these dates to ensure timely participation.
5. What is Grey Market Premium (GMP)?
Grey Market Premium (GMP) is the difference between the expected market price of Nova Agri Tech shares and the IPO price. GMP reflects market sentiment and demand for the IPO. Monitoring Nova Agri Tech GMP today helps investors to earn potential listing gains.
6. How Can I Check Nova Agri Tech GMP Today?
Nova Agri Tech GMP Today can be checked through our website https://financemind.in/ or various other financial news portals, stock market websites, or by consulting with your stockbroker. It provides insights into market expectations and investor sentiment.
7. What is the IPO Subscription Status of Nova Agri Tech?
Nova Agri Tech IPO Subscription Status indicates the number of times the IPO has been subscribed. A higher subscription indicates strong investor interest. This information is regularly updated during the IPO subscription period. your can check the live Agri Tech IPO Subscription Status on our website.
8. Where Can I Find Nova Agri Tech IPO Subscription Status?
Nova Agri Tech IPO Subscription Status can be found on our website FinanceMinds.in or official website of the stock exchanges, the website of the registrar of the IPO, and financial news platforms. Your stockbroker can also provide real-time updates.
09. Can I Apply for Nova Agri Tech IPO from Outside India?
Yes, non-resident Indians (NRIs) and foreign investors can apply for Nova Agri Tech IPO. However, they need to follow the regulations set by the Securities and Exchange Board of India (SEBI) for such applications.
10. How Can I Check Allotment Details for Nova Agri Tech IPO?
Allotment details for Nova Agri Tech IPO can be checked on the official website of the registrar of the IPO. Additionally, you can check the allotment status through your Demat account or contact your stockbroker.