Nova Agritech IPO

Nova Agritech Limited IPO

Nova Agritech's IPO includes a INR 140 Cr fresh issue for subsidiary investment and 77,58,620 shares for sale to address meeting capital and working capital needs.

Important Dates

IPO Date: Jan 23 to Jan 25, 2024 IPO Listing Date: Jan 31, 2024 IPO Price: INR 39 to 41 per share IPO Lot Size: 365 Shares IPO Total Issue Size: ₹143.81 Cr

Fundamental Analysis

Nova Agritech's strong financials, with positive trends in revenue and profit, are overshadowed by a notable September 2022 revenue decline, urging cautious investor scrutiny.

Peer Comparison

Nova Agritech's 31.69% RoNW lags Best Agrolife and Heranba Industries. Madras Fertilizers faces financial distress with negative RoNW and NAV.


Nova Agritech IPO allocates ₹14.20 Cr for new subsidiary, ₹10.48 Cr for plant expansion, ₹83.42 Cr for working capital. Remaining funds for general corporate, IT, and expansion.

Risks And Challenges

Nova Agritech IPO risks includes ₹4,164.16L debt and dealer payment defaults may harm financials, posing uncertainties for investors.

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