Nova Agritech Limited IPO
Nova Agritech Limited was a mainboard IPO in the Fertilizers sector, offered at ₹39–₹41 per share to raise ₹144 crore. The issue was subscribed 109.37× overall (QIBs 79.31×, NIIs 224.08×, retail 77.12×). It listed on 31 Jan 2024 at ₹55 and closed its first day at ₹58, a listing gain of +40.9% versus the ₹41 issue price. It now trades around ₹21 (-49.2% versus the issue price).
Frequently asked questions
- How many times was the Nova Agritech Limited IPO subscribed?
- The Nova Agritech Limited IPO was subscribed 109.37× overall — 79.31× in the QIB category, 224.08× among non-institutional investors, 77.12× in retail.
- What were the Nova Agritech Limited IPO listing gains?
- Nova Agritech Limited listed on 31 Jan 2024 at ₹55, closing its first day at ₹58 — a listing gain of +40.9% versus the ₹41 issue price.
- What were the retail allotment odds for the Nova Agritech Limited IPO?
- Retail was subscribed 77.12×, so a single-lot application had roughly a 1.3% chance of allotment (about 1 in 77), and allotment was finalised on 29 Jan 2024.
- What was the price band and lot size of the Nova Agritech Limited IPO?
- The price band was ₹39–₹41 per share, with a minimum lot of 365 shares (₹14,965 at the upper band).
- Who were the registrar and lead manager for the Nova Agritech Limited IPO?
- Bigshare Services Private Limited was the registrar, and Keynote was the book-running lead manager.