The Nova AgriTech IPO represents a significant milestone in the company’s journey, offering investors an opportunity to participate in its growth story. With a book built issue of Rs 143.81 crores, the IPO comprises a combination of fresh issue and offer for sale shares. This move underscores Nova AgriTech’s strategic approach to raise capital for expansion and provide liquidity to existing shareholders. Let’s delve deeper into the details of this IPO and explore what it means for both the company and potential investors.
The Nova AgriTech IPO commenced its bidding process on January 23, 2024, and concluded on January 25, 2024. As anticipation builds, the allotment for the IPO is slated to be finalized on Monday, January 29, 2024. Investors eagerly await the listing of Nova AgriTech on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), with a tentative listing date set for Wednesday, January 31, 2024.
With a price band ranging from ₹39 to ₹41 per share, the Nova AgriTech IPO presents an opportunity for investors to participate in the company’s growth trajectory. The minimum lot size for an application stands at 365 shares, requiring a minimum investment of ₹14,965 for retail investors. For Substantial Non-Institutional Investors (sNII), the minimum lot size investment is set at 14 lots (5,110 shares), amounting to ₹209,510, while for Big Non-Institutional Investors (bNII), it is 67 lots (24,455 shares), totaling ₹1,002,655.
Keynote Financial Services Ltd and Bajaj Capital Limited serve as the book running lead managers for the Nova AgriTech IPO, with Bigshare Services Pvt Ltd appointed as the registrar for the issue. As the IPO journey progresses, investors eagerly await the outcome and potential opportunities that lie ahead.
Nova AgriTech IPO Details
| Details | Values |
|---|---|
| IPO Price Band | ₹39 to ₹41 per share |
| Minimum Lot Size | 365 Shares |
| Minimum Retail Investment | ₹14,965 |
| Minimum Investment for sNII | 14 lots (5,110 shares), ₹209,510 |
| Minimum Investment for bNII | 67 lots (24,455 shares), ₹1,002,655 |
| Book Running Lead Managers | Keynote Financial Services Ltd, Bajaj Capital Limited |
| Registrar | Bigshare Services Pvt Ltd |
Nova AgriTech IPO Timeline (Tentative Schedule)
| Event | Date |
|---|---|
| IPO Bidding Starts | January 23, 2024 |
| IPO Bidding Ends | January 25, 2024 |
| Allotment Finalized | January 29, 2024 (Monday) |
| IPO Listing on BSE, NSE | January 31, 2024 (Wednesday) |
Nova AgriTech IPO Lot Size
| Investor Type | Lot Size (Shares) | Minimum Investment (₹) |
|---|---|---|
| Retail Investors | 365 | 14,965 |
| Substantial Non-Institutional Investors (sNII) | 14 lots (5,110) | 209,510 |
| Big Non-Institutional Investors (bNII) | 67 lots (24,455) | 1,002,655 |