FINANCE

OPENS: 23/01/24

-by Aviion Business

NOVA AGRITECH LIMITED IPO

Nova Agritech Limited is an agri-input manufacturer focusing on soil health management, crop nutrition, and crop protection products. Their approach is tech-based and farmer-driven, offering ecologically sustainable and nutritionally balanced products developed through research and development. They have diverse product categories, including soil health management, crop nutrition, biostimulants, biopesticides, integrated pest management, new technologies, and crop protection.

ABOUT:

The entire public offer of the company is a fresh issue of Equity Shares aggregating up to ₹ 112 Crores and an offer for sale (OFS) of up to 0.78 crore Equity Shares from the existing shareholders. 

ISSUE SIZE:

FINANCIALS:

PARTICULARS

2023

2022

2021

Total Assets

EBITDA

Total Revenue

147

180

160

210

20

13

39

28

07

18

185

160

Profit aft Tax

RISK FACTORS:

Government policy changes or a decrease in subsidies and incentives, for the agriculture sector may have negative impacts on the business and financial performance. The company’s logo is currently facing opposition. A third party has filed an objection against the trademark registration and if the company fails to defend against the opposition, the trademark may be canceled, leading to a loss of usage rights.

GREY MARKET PREMIUM (GMP)

The Grey Market Premium of Nova AgriTech Limited is around 48% as of 23/01/24

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