Nova Agritech Ltd IPO Synopsis

An Initial Public Offering is an opportunity for investors to take part in the growth of a company. It is always better to be in the first batch of investors. The shares offered by the company get listed on the stock exchanges and can be bought and sold by investors.

Nova Agritech Ltd IPO
Registered Office: Sy No 251/A/1 Singannaguda (V),Mulugu Mandal Siddipet , Medak - 502279 , Telangana , India. 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.

Issue		Money Payable On
Opens On	Closes On	Application	Allotment
23-Jan-24	25-Jan-24	(Rs)41.00-0.00	(Rs)0.00-0.00
Minimum Application for shares in Nos :365 Further Multiples of :365

(Rs Cr)

Lead Managers to the Issue

Project Cost

97.83

Bajaj Capital Ltd

Project Financed through Current Offer

143.81

Post Issue Equity Share Capital

18.50

Issue Price

(Rs)41.00

Projects

Investment on the company subsidiary, Nova Agri Sciences Pvt Ltd for setting up a new formulation plant	Investment in the subsidiary Nova Agri Sciences Pvt Ltd, for funding working capital requirements
Funding Capital Expenditure by the Company, towards expansion of its existing formulation plant	General corporate purposes
Funding of working capital requirement of the company

Promoted By
Suraksha Agri Retails (India)
Malathi S
Kiran Kumar Atukuri

Listing At
BSE
NSE

Registrar to the Issue

Bigshare Services Pvt Ltd