₹ 39 - ₹ 41
22-Jan-2024 - 25-Jan-2024
₹ 14965.00



22-Jan-2024 - 25-Jan-2024

₹ 39 - ₹ 41

Price Band

₹ 14965.00

Minimum Investment


Bid Lot


  • Face Value - ₹ 2/- Per Share

  • Listing at NSE BSE

  • 33,635 Application Required in Retail for 1 Time.

  • Registrar : Bigshare Services Pvt. Ltd

IPO Details

Fresh Issue of Equity Shares aggregating upto Rs 112 Cr and Offer for Sale of upto 77,58,620 Equity Shares

Category % Shares/Amount
QIB 50% 17,537,846 Shares Rs. 71.91 Cr
HNI 1 5% 1,753,785 Shares Rs. 7.19 Cr @ 343 Form 1X
HNI 2 10% 3,507,569 Shares Rs. 14.38 Cr @ 686 Form 1x
Retail 35% 12,276,493 Shares Rs. 50.33 Cr @ 33634 Form 1x

BRLMs: Keynote Financial Services, Bajaj Capital

Application Require for 1 Time

Retail (Upto 2 Lakh) HNI (2 Lakh to 10 Lakh) HNI (Above 10 Lakh)
33634 Form 1x 343 Form 1X 686 Form 1x

IPO Lot Size

Category Lots Shares Amount
Retail (Upto 2 Lakh) 1 365 ₹ 14,965
Retail (Upto 2 Lakh) 13 4745 ₹ 194,545
S-HNI (2 Lakh to 10 Lakh) 14 5110 ₹ 209,510
S-HNI (2 Lakh to 10 Lakh) 66 24090 ₹ 987,690
B-HNI (Above 10 Lakh) 67 24455 ₹ 1,002,655

IPO Timeline

  • Open Date

  • Close Date

  • Basis of Allotment Date

  • Initiation of Refunds

  • Credit Shares to Demat A/c

  • IPO Listing Date


Subscription as on
24-Jan-2024 17:07

Category Book Size Subscription No. of Times
QIB 7,015,139 ₹ 28.76 Cr. 8,026,350 ₹ 32.91 Cr. 1.14x
HNI (<10 LAKH) 1,753,785 ₹ 7.19 Cr. 166,922,165 ₹ 684.38 Cr. 95.18x
HNI2 (>10 LAKH) 3,507,569 ₹ 14.38 Cr. 222,686,500 ₹ 913.01 Cr. 63.49x
RETAIL 12,276,793 ₹ 50.33 Cr. 462,457,190 ₹ 1896.07 Cr. 37.67x
Total 24,553,286 860,092,205 35.03x
Category Book Size Subscription No. of Times
QIB 7,015,139 ₹ 28.76 Cr. 8,026,350 ₹ 32.91 Cr. 1.14x
HNI (<10 LAKH) 1,753,785 ₹ 7.19 Cr. 166,922,165 ₹ 684.38 Cr. 95.18x
HNI2 (>10 LAKH) 3,507,569 ₹ 14.38 Cr. 222,686,500 ₹ 913.01 Cr. 63.49x
RETAIL 12,276,793 ₹ 50.33 Cr. 462,457,190 ₹ 1896.07 Cr. 37.67x
Total 24,553,286 860,092,205 35.03x

*Excluding Anchor

Total No. of Application Approx : ~1010623 (30.05 Appwise)

Disclaimer: The above-mentioned information / data are sourced from the websites of National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) and are subject to change on real time basis. For updated information / data you can visit their respective website. The information / data provided herein above are for information purpose only and provided "AS IS" and "AS AVAILABLE" basis and without warranty, express or implied. We do not guarantee or warrant the accuracy, adequacy or completeness of the information received through the said websites. “We” hold not responsibility of any kind as regard to any discrepancies, errors, omissions, losses or damages. “We” including its affiliates and any of its officers, directors, personnel and employees, shall not liable for any loss, damage of any nature, including but not limited to direct, indirect, punitive, special, exemplary, consequential, as also any loss of profit in any way arising from the use of information / data received through the said websites. The recipient alone shall be fully responsible / are liable for any decision taken on the basis of such information / data. All recipients should before acting upon the said information make their own investigation, seek appropriate professional advice.

About Company

  • Nova Agritech (NOVA) was incorporated on May 9, 2007, at Hyderabad, with an objective to be a one-stop solution provider by offering ecologically sustainable and nutritionally balanced products to the farmers. NOVA is a an agri-input manufacturer offering soil health management, crop nutrition and crop protection products focused on tech-based farmer driven solution approach.


  • NOVA manufactures, distributes, and markets a wide range of product categories consisting of (a) soil health management products; (b) crop nutrition products; (c) bio stimulant products; (d) bio pesticide products (e) Integrated Pest Management products; (f) new technologies; and (g) crop protection products.


  • The company has received a total of 720 product registrations comprising of 7 registrations in the soil health management category, 176 registrations in the crop nutrition category, 4 registrations in bio pesticide category, 7 registrations under Technical Indigenous Manufacture and 526 registrations in the crop protection category.Additionally, the company has applied for 36 registrations for new products across various categories.


  • NOVA’s distribution network is spread across 16 states comprising of approximately 11,722 dealers. The company also exports its products to Nepal and is awaiting the necessary permission to start business in Bangladesh, Sri Lanka and Vietnam through marketing, distribution, and supply agreements with third parties in these regions.


  • NOVA plans to import and distribute Technicals, which it considers will be a prominent factor in the growth of the agriculture sector in India. Its subsidiary NASPL has entered into agreement for import and distribution of Technicals with a Taiwanese entity, to act as the distributor for sales and formulation of Butachlor 85% Tech in India for a period of 5 years. NASPL has also entered into an agreement with a Chinese entity, to act as the distributor for sales and formulation of Emamectin Benzoate Technical 95% in India for a period of 5 years.


  • NOVA provides farming inputs to farmers regarding the appropriate amount of dosage and application of the products through NOVA’s IOT based solutions such as the soil health scanning device called ‘NOVA BHUPARIKSHAK” and the drones called as ‘NOVA AGRIBOT’.  
Read More


Competitive Strength 

  • One stop solution for soil health management, crop nutrition, bio stimulant, bio pesticides, Integrated Pest Management (IPM) and crop protection through diversified branded product portfolio;
  • Established distribution network across various geographies through many dealers;
  • Strengthening farmer outreach through Nova Kisan Seva Kendra;
  • Technology driven product development and marketing; 
  • Experienced Management Team and Promoters;
  • Well Equipped Research & Development facility.


Business Strategies 

  • Enhance product portfolio by expanding the manufacturing capacities and increasing competencies;
  • Continued focus on product registrations for domestic and international market expansion;
  • Expand to newer geographies including expanding the export business to newer and wider spectrum; 
  • To deepen farmer interface by providing holistic solutions and improve operational parameters; 
  • Enabling “REACH” towards business tie-ups with academic, domestic, and international business partners; 
  • Focus on Modern Technologies and solutions;
  • To set up training institutions to impart training on various aspects of innovation and operations of devices;
  • Augment business through distributorship of Technicals; 
  • Enhancing value to business through “Use it Right” campaign.

Company Promoters

Adabala Seshagiri Rao is a Chairperson and Independent Director of the Company. Malathi S is one of the Promoter and Executive Director of the Company. Kiran Kumar Atukuri is one of the Promoter and Managing Director of the Company. Nadella Basanth Kumar is a Whole-time Director of the company. Sreekanth Yenigalla is a Whole-time Director of the company. Adapa Kiran Kumar is an Independent Director of the Company. Kandula Swapna is an Independent Director of the company. Ramesh Babu Neman

Company Financials

Nova AgriTech Limited Financial Information (Restated Consolidated)

Period Ended 30 Sep 2023 31 Mar 2023 22 Mar 2022 31 Mar 2021
Assets 196.37 180.78 160.30 147.44
Revenue 103.24 210.93 185.61 160.93
Profit After Tax 10.38 20.49 13.69 6.30
Net Worth 74.23 63.88 43.19 29.43
Reserves and Surplus 60.97 50.59 30.10 16.41
Total Borrowing 68.50 70.96 64.27 51.10
Amount in ? Crore

Objects of the Issue

The net proceeds of the Fresh Offer, i.e. gross proceeds of the Fresh Offer less the offer expenses apportioned to the company ("Net Proceeds") are proposed to be utilised in the following manner:

  1. Investment in the subsidiary, Nova Agri Sciences Private Limited for setting-up a new formulation plant;
  2. Funding Capital Expenditure in the Company, towards expansion of the existing formulation plant;
  3. Funding of working capital requirements of the company;
  4. Investment in the subsidiary, Nova Agri Sciences Private Limited, for funding working capital requirements; and
  5. General corporate purposes.

How to Apply

Apply for IPO in few simple steps.

  • Step 01 :

    Once you create your account, Login to InvestoYard.

  • Step 02 :

    Under IPO Section, you will be able to see a list of Ongoing IPOs, where you can click on apply button.

  • Step 03 :

    Add quantity of shares to apply – Maximum 3 bids are allowed (For retail category – max amount Rs.2,00,000/-).

  • Step 04 :

    Enter your UPI ID and you will receive mandate on your UPI App.

  • Step 05 :

    Once you accept the mandate, Application is submitted successful.

  • Applying for an IPO is easier than ever with InvestoYard, in just a few clicks your application is processed. You can bid for any IPO through InvestoYard, the bidding process is simple and hassle free. Every company has a lot size decided & you can buy in multiples of the decided lot.
  • If lot size is 15, then you have to bid for multiples of 15 share like 30,45,60 and so on.
  • The maximum subscription amount for retail investors is 2 lakh.
  • Any bid can be at a desired price or cut off price given by the company.

  • Enter the number of shares you wish to buy, as per the lot size.
  • You can apply at the cut off price set by the company or bid for a desired amount within the price band.
  • Maximum three bids will be accepted.
  • You then need to enter the UPI ID on InvestoYard’s IPO application form.

  • You will immediately get a fund blocked request on your UPI for the submitted IPO application.
  • The funds will be blocked in your bank account until allotment when it is debited.
  • The limit for IPO application is Rs 2 lakh per transaction on UPI.
  • On allotment of the shares, the money will be automatically debited.
  • If the share aren’t allotted the blocked funds will reflect back into your account.

Frequently Asked Questions

Check Allotment