Nova AgriTech IPO subscribed 8.5 times so far on Day 1; check out allotment date, listing date, other details

Nova AgriTech IPO subscription status, Nova AgriTech IPO details: Nova AgriTech IPO opened for subscription on Tuesday, January 23, and is set to close on January 25. The allotment date for the public issue is fixed as Monday, January 29, tentatively. The IPO will list on BSE and NSE with a tentative listing date slated as January 31, Wednesday.

Nova AgriTech IPO is a book-built issue of Rs 143.81 crore, which is a combination of a fresh issue of 2.73 crore shares aggregating to Rs 112.00 crore and an offer for sale of 0.78 crore shares aggregating to Rs 31.81 crore.

Nova AgriTech IPO price band

The main board IPO's price band is set at Rs 39 to Rs 41 per share. The minimum lot size for an application is 365 share.

Nova AgriTech IPO book-running lead managers

Keynote Financial Services and Bajaj Capital Limited are the book-running lead managers of the IPO, while Bigshare Services Pvt is the registrar for the issue.

Nova AgriTech IPO subscription status

On (Day 1), Tuesday, Nova Agri Group's share sale received bids for 21,52,36,850 crore shares against 2,54,14,746 shares on offer. Overall, the public issue has been subscribed 8.47 per cent so far on Day 1 of the bidding process.

What does Nova AgriTech do?

Nova AgriTech was started by Sambasivarao Yeluri and Kalyana Chakravarthy as a one-stop solution provider for farmers to offer them ecologically sustainable and nutritionally balanced products.

Nova AgriTech is an agri-input manufacturer offering soil health management, crop nutrition, and crop protection products focused on a tech-based farmer-driven solution approach, wherein we mainly offer ecologically sustainable and nutritionally balanced products based on our R&D. 

The company 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 (IPM) products; 

(f) new technologies; and 

(g) crop protection products.