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Nova Agri Tech IPO
Price Band
₹39.0–41.0
Issue Size
₹143.81 Cr
Lot Size
365 shares
Min Investment
₹14,965
GMP
+₹13.0 (31.71%)
Issue Price
₹41.0
Subject to Sauda
₹3600
Paid only if allotted
Nova Agri Tech IPO AI Summary
- Nova Agri Tech IPO is listed on BSE, NSE in the Fertilizers sector.
- Price band: ₹39.0–₹41.0 per share, lot size 365 shares (min. investment ₹14,965).
- Subscription window: 23 Jan–25 Jan 2024, listing on 31 Jan 2024.
- Current GMP is +₹13.0 (31.71%), an estimated listing price of ₹54 — unofficial and can change daily.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Nova Agri Tech IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 25 Jan 2024 — not a current signal.
5 of 7 reviewers say Positive
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Nova Agri Tech IPO Grey Market Premium (GMP) Today
GMP
+₹13.0
GMP %
+31.71%
Est. Listing
₹54.0
Updated: 25 Jul 2026 14:07
About the Company
Founded in Hyderabad in May 2007, Nova AgriTech Limited manufactures products that help farmers grow crops better. The main focus is on three things: Soil health, plant nutrition and crop protection. The products are manufactured using technology and are designed to be environmentally friendly and nutritious. The company collaborates with farmers to gain insight into their needs and develop customized solutions that meet their requirements. The company manufactures, distributes and markets a broad range of product categories, including (a) soil health products, (b) crop nutrition products, (c) biostimulants, (d) biopesticides, (e) integrated pest management (IPM) products, (f) new technologies and (g) crop protection products. The subsidiary Nova Agri Sciences Private Limited is currently responsible for the production of crop protection products. As of January 31, 2023, the company has received a total of 629 product registrations. These registrations are divided into four categories, namely soil health management, plant nutrition, biopesticides and crop protection. These include 7 registrations in the soil health management category, 168 registrations in the plant nutrition category, 4 registrations in the biopesticide category and 450 registrations in the crop protection category. By January 31, 2023, the company has 13 Kisan Mitras and 253 Kisan Sevaks at its base. As on January 31, 2023, the Company has a team of 32 NKSK Coordinators, all of whom have a degree in Agricultural Sciences and are on the Company's payroll.The NKSK program comprises three levels: NKSK Coordinators, Kisan Mitras and Kisan Sevaks. This ensures personal contact with the farmers at the grassroots level. The company employs 215 people in its sales team. They manage brand sales, distribution channels, and product promotion.
Company Financials (₹ Cr)
As of 2023-09-30
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 22 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 196.37 | 180.78 | 160.30 | 147.44 |
| Total Income | 103.24 | 210.93 | 185.61 | 160.93 |
| Profit After Tax | 10.38 | 20.49 | 13.69 | 6.30 |
| NET Worth | 74.23 | 63.88 | 43.19 | 29.43 |
| Reserves and Surplus | 60.97 | 50.59 | 30.10 | 16.41 |
| Total Borrowing | 68.50 | 70.96 | 64.27 | 51.10 |
Key Ratios
EPS
₹3.14
NAV
₹10.19
ROE
38.27%
ROCE
27.25%
RoNW
32.08%
P/B Value
4.06
P/E Ratio
13.05
Market Cap
₹379.33 Cr
PAT Margin
9.73%
Debt/Equity
1.11
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Dharmaj Crop Guard Limited | 95.1 | 16.3% | 21.89 | 12.03 | 12.03 |
| Madras Fertilizers Limited | -17.82 | -46.77% | 9.35 | 11.5 | 11.5 |
| India Pesticides Limited | 67.3 | 20.44% | 29.51 | 12.57 | 12.57 |
| Heranba Industries Limited | 203.96 | 14.39% | 13.56 | 27.52 | 27.52 |
| Bhagiradha Chemicals & Industries Ltd | 301.34 | 17.95% | 11.3 | 44.35 | 44.35 |
| Best Agrolife Limited | 152.04 | 14.02% | 41.93 | 19.91 | 19.91 |
| Basant Agrotech Limited | 18.86 | 11.34% | 10.54 | 2.02 | 2.02 |
| Aimco Pesticides Limited | 48.3 | -4.52% | -56.62 | -2.28 | -2.28 |
| Aries Agro Ltd | 186.75 | 6.82% | 15.44 | 13.17 | 13.17 |
| Nova AgriTech Limited This IPO | 10.09 | 38.27% | 13.05 | 3.27 | 3.27 |
Promoters
Suraksha Agri Retails (India) Pvt.Ltd., Malathi S and Kiran Kumar Atukuri
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Investment in the subsidiary, Nova Agri Sciences Private Limited for setting-up a new formulation plant 14.20 2 Funding Capital Expenditure by the Company,towards expansion of the existing formulation plant 10.49 3 Funding of working capital requirement of the Company 26.65 4 Investment in the subsidiary, Nova Agri Sciences Private Limited for funding working capital requirements 43.36 5 General Corporate purposes 3.13 Total 97.83
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹210.93 Cr for the period ending 31 Mar 2023, down from ₹185.61 Cr for the period ending 22 Mar 2022. However, this is a decline in revenue, as the most recent figure is from a full fiscal year while the prior figure is from a different period. The total income for the latest period ending 30 Sep 2023 was ₹103.24 Cr, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit after tax was ₹20.49 Cr for the period ending 31 Mar 2023, an increase from ₹13.69 Cr for the period ending 22 Mar 2022. For the most recent period ending 30 Sep 2023, profit after tax stood at ₹10.38 Cr, though this is a 9-month figure, not a full year, so isn't directly comparable.
Valuation
At the issue price of ₹41.0, Nova AgriTech Limited has an implied P/E ratio of 13.05 based on its earnings per share (EPS) of ₹3.27. This is lower than peers like India Pesticides Limited, which trades at a P/E of 29.51, and Best Agrolife Limited at 41.93, suggesting a potentially attractive valuation relative to some competitors.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the potential price at which an IPO might list on the stock exchange compared to its issue price. A positive GMP suggests that the market expects the stock to perform well on listing day, while a negative GMP indicates the opposite. Investors often look at GMP as a gauge of market sentiment towards the IPO.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. It’s important to consider the company's fundamentals, growth prospects, and market conditions before making an investment decision.
Who May Want to Wait
Investors who prefer stable and established companies may want to avoid IPOs like this, which can be subject to high volatility and uncertainty in the early stages of trading. Those with a low risk tolerance may also find such investments unsuitable.
IPO Timeline, Explained
The IPO opens for subscription on January 23, 2024, and closes on January 25, 2024. Allotment of shares will be done on January 29, 2024, and the listing date is set for January 31, 2024.
Listing Gains — The Risk
Investors should be aware that listing-day gains can be unpredictable. While some IPOs may see significant price increases on their first day of trading, others may not perform as well. Factors influencing this include market conditions, investor sentiment, and overall demand for the shares.
This evaluation is generated from Nova Agri Tech's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Nova Agri Tech IPO GMP today?
Nova Agri Tech IPO GMP today is +₹13.0 (31.71%), indicating an estimated listing price of ₹54. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Nova Agri Tech IPO?
The price band of Nova Agri Tech IPO is ₹39.0–₹41.0 per share.
When does Nova Agri Tech IPO open and close?
Nova Agri Tech IPO opens on 23 January 2024 and closes on 25 January 2024.
When does Nova Agri Tech IPO list on the stock exchange?
Nova Agri Tech IPO listed on 31 January 2024 at ₹54.0.
What is the lot size for Nova Agri Tech IPO?
The lot size for Nova Agri Tech IPO is 365 shares, requiring a minimum investment of ₹14,965.
What is the price band for the IPO?
The price band for the IPO is ₹39.0 to ₹41.0.
What is the minimum investment required?
The minimum investment required is ₹14,965.
What is the lot size for this IPO?
The lot size for this IPO is 365 shares.
When does the IPO open and close?
The IPO opens on January 23, 2024, and closes on January 25, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the IPO compared to its issue price.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
23 Jan 2024
Close
25 Jan 2024
Allotment
29 Jan 2024
Listing
31 Jan 2024
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