Nova Agri Tech IPO Offers: If you’re looking to start a business but lack sufficient capital, don’t have time for business operations, can’t take too much financial risk, or face any other obstacle preventing you from becoming a business owner, there’s an opportunity to take a calculated risk. There’s a chance to become a partner in an Agri Tech company with a revenue of ₹100 crores, and it only requires an investment of ₹15,000. According to Dilip Davda, a SEBI registered Research Analyst based in Mumbai, this company is worth considering for long-term investment, with the potential for good profits.

The Nova Agri Tech IPO GMP trend is interesting, as the shares, initially priced at ₹2, are currently trading at ₹41 and are expected to reach ₹61 after three days. Nova Agri Tech Limited is seeking investment for its subsidiary, Nova Agri Sciences Private Limited, aiming for an investment of ₹143.81 crores from share market investors. In return, the company is prepared to transfer 3.51 crores shares.

The stock market experts believe that demand for the company’s shares in the stock market will exceed the company’s management’s estimates. Consequently, the estimated listing price could be ₹61. If these predictions hold true, those who subscribe to the IPO by January 25 could see their ₹41 shares selling at ₹61 three days later, resulting in approximately a 48% profit.

About Nova Agri Tech Limited

Nova Agri Tech Limited was established in 2007 in Hyderabad. The company’s promoters include Suraksha Agri Retails (India) Private Limited, Malathi S, and Kiran Kumar Atukuri. The registered office is located in Siddipet, Telangana. The company focuses on providing technical assistance to increase crop production for farmers, working on soil health, crop nutrition, and crop protection. Its product categories include soil health products, crop nutrition products, biostimulants, biopesticides, integrated pest management (IPM) products, new technologies, and crop protection products.

Nova Agri Tech Limited Financial Information GMP Trend

– Asset value: ₹160 crores
– Revenue: ₹185 crores
– Net worth: ₹43 crores
– Reserves and surplus: ₹30 crores
– Bank loan and market debt: ₹64 crores
– Profit after tax: Approximately ₹14 crores

All the above figures are for the financial year closing on March 31, 2022. The company’s status for March 31, 2023, has not been disclosed. As for the grey market, there haven’t been any positive or negative comments about the company so far.

Nova Agri Tech IPO Open Close Listing Date

– IPO opens on January 23, 2024
– Nova Agri Tech IPO closing date is January 25, 2024
– Allotment refunds will be on January 29, and share credits in Demat accounts will be on January 30.
– The listing date on the Bombay Stock Exchange is announced as January 31, 2024.

Nova Agri Tech IPO Issue Price Lot Size Investment

– Face Value: ₹2 per share
– Price Band: ₹39 to ₹41 per share
– Lot Size: 365 Shares
– Investment: ₹14,965 to ₹194,545

Disclaimer: Before making any investment decisions, please consult with your financial advisor and always keep in mind that when you invest in the stock market, all the risks involved are solely yours.

Also Read: EPACK Durable Limited IPO: A Lucrative Investment Opportunity With 83% Profit Growth