Nova AgriTech Limited


Opening Date Closing Date Face Value Issue Price Lot Size Listing At Total Issue Size Basis of Allotment Initiation of Refunds Credit of Shares to Demat Listing Date
22-01-2024 24-01-2024 ₹2 per share 0 365 Shares BSE SME N/A 2024-01-25 00:00:00 2024-01-29 00:00:00 2024-01-29 00:00:00 30-01-2024

About The Company

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.

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 365 14965
Retail (Max) 13 4745 194545
S-HNI (Min) 14 5110 209510
S-HNI (Max) 66 24090 987690
B-HNI (Min) 67 24455 1002655

IPO Listing Details

Listing Date 30-01-2024
BSE Script Code N/A
NSE Symbol N/A
ISIN N/A
Final Issue Price 0

Promoter holdings

Suraksha Agri Retails (India) Private Limited, Malathi S, and Kiran Kumar Atukuri.

Pre Issue Share Holding 84.27%
Post Issue Share Holding 59.39%

Contact Information of the Company

Nova AgriTech 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/

IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html

IPO Lead Manager

Keynote Financial Services Ltd Bajaj Capital Limited