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IPO

IPO Synopsis
Nova Agritech Ltd
Registered Office: Sy No 251/A/1 Singannaguda (V),Mulugu Mandal Siddipet , Medak - 502279 , Telangana , India.
Phone : +91 84 5425 3446   Fax:
Email :  ipo@novaagri.in  
Website :  www.novaagri.in
Initial public offering of 3,50,75,693 equity shares of face value of Rs. 2/- each ("Equity Shares") of the company for cash ata price of Rs. 41/- per equity share (including a share premium of Rs. 39 per equity share) ("Offer Price") aggregating to Rs. 143.81 crores (the "Offer") comprising a fresh offer of 2,73,17,073 equity shares aggregating to Rs. 112.00 crores by the company (the "Fresh Offer") and an offer for sale of up to 77,58,620 equity shares aggregating to Rs. 31.81 crores by Nutalapati Venkatasubbarao (selling shareholder) (and such offer for sale of equity shares by the selling shareholder the "Offer for Sale"). The offer would constitute 37.91 % of the post-offer paid-up equity share capital of the company. The "Offer for Sale" and together with the fresh offer, the "Offer". The face value of the equity shares is Rs. 2/- each and the issue price is 20.50 times the face value of the equity shares. ^Subject to finalisation of the basis of allotment.

Issue Money Payable On
Opens On Closes On Application Allotment
23-Jan-24 25-Jan-24 Rs41.00-0.00 Rs0.00-0.00
Minimum Application for shares in Nos :365  Further Multiples of :365

  Rs Cr Lead Managers to the Issue
Project Cost 97.83
Bajaj Capital Ltd
Project Financed through Current Offer 143.81  
Post Issue Equity Share Capital 18.50  
Issue Price Rs41.00  
 
Projects
Investment on the company subsidiary, Nova Agri Sciences Pvt Ltd for setting up a new formulation plantInvestment in the subsidiary Nova Agri Sciences Pvt Ltd, for funding working capital requirements
Funding Capital Expenditure by the Company, towards expansion of its existing formulation plantGeneral corporate purposes
Funding of working capital requirement of the company
Promoted By
Suraksha Agri Retails (India)
Malathi S
Kiran Kumar Atukuri
Listing At
BSE 
NSE 
Registrar to the Issue
Bigshare Services Pvt Ltd