Table of Contents
About the Business of the Company
Utilizing a tech-driven, farmer-centric strategy, they are a major agri-input company with expertise in crop nutrition, crop protection, and soil health management. They provide products for managing soil health, crop nutrition, integrated pest management, biostimulants, biopesticides, new technologies, and crop protection. At present, Nova Agri Sciences Private Limited, a subsidiary, produces crop protection products. Through the use of Nova Agri Sciences Private Limited exclusively, they were able to gain 720 product registrations as of November 30, 2023, of which 526 are in crop protection. Additionally, they have applied to register 22 new products with Nova Agritech Limited and 14 with Nova Agri Sciences Private Limited.
Regarding the Industry
The company’s main business is crop nutrition, which includes biostimulants and fertilizers (chemical, organic, and bio-fertilizers). When applied to plant tissues or soil, fertilizers—natural or synthetic—supply plant nutrients, with a concentration on the three major macronutrients: nitrogen, phosphorus, and potassium. Fertilizers can be classified as chemical, organic, or bio-based. Growing interest is being shown in non-chemical options like organic and biofertilizers as a response to the reduced effectiveness of conventional fertilizers. Fertilizer Control Order regulations apply to biofertilizers, which are bacteria that enhance plant nutrition such as azospirillum and rhizobium.
Company’s Key Financial Data (₹ in lakhs)
| Particulars | For the six months period ended September 30, 2023 | For the year ended March 31, 2023 | For the year ended March 31, 2022 | For the year ended March 31, 2021 |
|---|---|---|---|---|
| Share Capital | 1,254.05 | 1,254.05 | 1,254.05 | 1,254.05 |
| Net Worth | 7,423.08 | 6,387.97 | 4,319.11 | 2,942.98 |
| Revenue from Operations | 10,321.60 | 21,055.54 | 18,556.77 | 16,057.74 |
| Profit / (Loss | 1,038.22 | 2,048.95 | 1,368.93 | 630 |
| Earnings per share – Basic | 1.66 | 3.27 | 2.18 | 1 |
| Earnings per share – Diluted | 1.66 | 3.27 | 2.18 | 1 |
| Net Asset Value per Equity Share | 11.84 | 10.19 | 6.89 | 4.69 |
| Total Borrowing | 6,850.43 | 7,095.51 | 6,426.55 | 5,110.19 |
The Purpose of the Issue
- The purpose is to develop a new formulation strategy through an investment in our subsidiary, Nova Agri Sciences Private Limited.
- Financing capital expenditures made by our company to expand our current formulation plant.
- Financing of our company’s working capital needs.
- Investment made in Nova Agri Sciences Private Limited, our subsidiary, to satisfy our working cash needs.
- General objectives of the company.
You can see the company’s filed IPO Prospectus (RHP) for additional information.
Important details about the Nova Agritech Limited IPO
| Open Date | Monday, January 22, 2024 |
| Close Date | Wednesday, January 24, 2024 |
| Issue Size | ₹143.81 Crores |
| Price | ₹39 to ₹41 per share |
| Lot Size | 365 Shares |
| Basis of Allotment | Thursday, January 25, 2024 |
| Initiation of Refunds | Monday, January 29, 2024 |
| Credit of Shares to Demat | Monday, January 29, 2024 |
| Listing Date | Tuesday, January 30, 2024 |
How to apply for Nova Agritech Limited IPO?
For Groww app users, on the Groww App’s home screen, you may find the redirection link to the IPO. As an alternative, you may get to it by clicking onto the “IPO” tab under the “Product & Tools” section at the bottom of “Most Bought on Groww” section.
Apply now for the IPO right here!
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