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anubhai angaldas Securities Pvt. Ltd. Member: BSE - NSE - CDSL

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IPO Synopsis
Nova Agritech Ltd
Registered Office: Sy No 251/A/1 Singannaguda (V), Mulugu Mandal Siddipet, Medak - 502279, Telangana
Phone: 1
Email: 1
Website: 1
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-2024 25-Jan-2024 41.00 - 0.00 0.00 - 0.00
Cr. Lead Managers to the Issue
Project Cost 97.83
Project Financed through Current Offer 143.81
Post Issue Equity Share Capital 18.50
Issue Price 41.00
Projects
Investment on the company subsidiary, Nova Agri Sciences Pvt Ltd for setting up a new formulation plant
Funding Capital Expenditure by the Company, towards expansion of its existing formulation plant
Funding of working capital requirement of the company
Investment in the subsidiary Nova Agri Sciences Pvt Ltd, for funding working capital requirements
General corporate purposes
Promoted By
Suraksha Agri Retails (India)
Malathi S
Kiran Kumar Atukuri
BSE
NSE
Registrar to the Issue
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