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’.  

Strengths

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

Company Financials

Nova AgriTech Limited Financial Information (Restated Consolidated)

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.