Nova Agri-Tech IPO: Subscription status, Review, Allotment Status:.

Nova Agri-Tech IPO has already being closed on Thursday, January 25, 2024, at 5:00 PM IST. Bidding ended, so unfortunately, it’s no longer possible to apply.

Nova Agri Tech IPO Subscription status Review Allotment Status

However, we can still share some information about the IPO that might be helpful for you people:

Nova Agri-Tech Subscription Status: As of yesterday, the IPO was oversubscribed by nearly 34 times. The retail portion alone was subscribed 36.28 times, demonstrating strong investor interest.

Nova Agri-Tech Review:

Many people recommend subscribing to Nova Agri-Tech IPO due to :

  • Solid financial track record: Impressive ROE of 32.1% and robust PAT margins of 9.7% in FY23.
  • Strong industry prospects: Growing demand for Agri-inputs supported by government initiatives and increasing focus on soil health.
  • Competitive valuation: Price to earnings ratio of 12.3x based on annualized diluted FY24 EPS, considered relatively low compared to peers.

Other IPO Details:

  • Issue size: Rs 143.81 crore
  • Price band: Rs 39-41 per share
  • Offer for sale (OFS): 77.58 lakh shares
  • Fresh issue: 2.73 crore shares
  • Listing dates: BSE and NSE (tentative date: January 31, 2024)

Should you have applied?

Since the bidding period has closed, it’s impossible to apply now. However, if you were considering it, the strong subscription suggests the IPO was well-received.

Allotment Status:

Here are some ways you can check your allotment status once it is available:

  • Through the website of your broker: Most brokers will provide a link on their website where you can enter your PAN number or application number to check your allotment status.
  • On the websites of the BSE and NSE: The BSE and NSE will also provide links on their websites where you can check your allotment status.
  • BSE: Click Here
  • NSE: Click Here
  • Through the IPO registrar: The IPO registrar, Link Intime India Pvt Ltd, will also provide a link on their website where you can check your allotment status.
  • Link Intime India Pvt Ltd: Click Here

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