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Nova Agritech Ltd
Nova Agritech Ltd
Registered Office : Sy No 251/A/1 Singannaguda (V),Mulugu Mandal Siddipet,Medak Telangana 502279 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.
Opens On
Closes On
23-Jan-2024
25-Jan-2024
Application
Allotment
41.00
0.00
Minimum Application for shares in Nos : 365.0 Further Multiples of : 365.0
₹Cr
Lead Managers to the Issue
Project Cost (₹.Cr)
Project Financed through Current Offer (₹.Cr)
Post Issue Equity Share Capital (₹.Cr)
Issue Price (₹.Cr)
97.83
143.81
18.50
41.00
Bajaj Capital Ltd
Keynote Financial Services Ltd
- Investment on the company subsidiary, Nova Agri Sciences Pvt Ltd for setting up a new formulation plant
- Funding Capital Expenditure by the Company, towards expansion of its existing formulation plant
- Funding of working capital requirement of the company
- Investment in the subsidiary Nova Agri Sciences Pvt Ltd, for funding working capital requirements
- General corporate purposes
- Suraksha Agri Retails (India)
- Malathi S
- Kiran Kumar Atukuri
- BSE
- NSE
- Bigshare Services Pvt Ltd