Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Google
Web www.equitybulls.com
IPO News

| More

Nova Agritech IPO subscribed 33.87 times on Day 2

Posted On: 2024-01-24 23:06:09 (Time Zone: IST)


The Initial Public Offering of Nova Agritech Limited was subscribed 33.87 times on the second day of bidding.

The issue received bids of 86,06,91,900 shares against the offered 2,54,14,746 equity shares, at a price band of ?39-41, according to the data available on the stock exchanges.

Non-Institutional Investors Portion with 71.23 times, Retail Portion was subscribed 36.26 times, whereas Qualified Institutional Buyer Portion subscribed 1.12 times. The issue kicked off for subscription on Tuesday, January 23, 2023 and will close on Thursday, January 25, 2023.

Last week, Nova Agritech Ltd had raised Rs 43.14 crores from anchor investors. Foreign and Domestic Institutions who participated in the anchor were AG Dynamic Funds Limited, Neomile Growth Fund - Series I, Saint Capital Fund, and Quantum-State Investment Fund.

Leading brokerages like BP Equities, StoxBox, Swastika, and Ventura Securities, have given a "SUBSCRIBE" rating to the issue, highlighting the company's impressive financial performance over the last three years. Despite the inherent susceptibility to climatic conditions and competition within the agri-input sector, the IPO's attractiveness is underlined by a compelling valuation, featuring a P/E of 13.05x and a noteworthy RoNW of 38.27%. Nova Agritech has a comparatively low PE ratio to industry peers, further strengthening the case for a positive investment outlook.

Keynote Financial Services Limited and Bajaj Capital Limited are the book running lead managers and Bigshare Services Pvt Ltd is the registrar to the offer.


Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

GPT Healthcare Limited raises Rs. 157.54 crore from Anchor Investors

Juniper Hotels IPO Retail Portion subscribed 52% on Day 1

IT Solutions provider Orient Technologies files DRHP for IPO

Juniper Hotels Limited raises Rs. 810 crore from Anchor Investors

IPO of GPT Healthcare Limited to open on Thursday, February 22, 2024, price band set at ?177/- to ?186/- per Equity Share

Gala Precision Engineering files DRHP for IPO

Vibhor Steel Tubes IPO subscribed 320 times with bids worth Rs. 16,211 crore

IPO of Juniper Hotels Limited to open on Wednesday, February 21, 2024, price band set at ?342 to ?360 per equity share

Gopal Snacks Limited gets Sebi nod for Rs 650 crore IPO

Vibhor Steel Tubes IPO gets subscribed within 30 minutes of opening

Trust Fintech Limited, SaaS product-focused fintech software solution provider, files DRHP

Interiors and More Limited IPO to open for subscription on Feb 15, 2024

Rashi Peripherals IPO subscribed 59.71 times on Final Day

Rashi Peripherals IPO subscribed 3.19 times on Day 2

Rashi Peripherals IPO fully subscribed on Day 1 led by NII and Retail

Juniper Hotels gets Sebi nod for its Rs 1,800 crore IPO

Rashi Peripherals Limited raises Rs. 180 crore from Anchor Investors

IPO of Rashi Peripherals Ltd to open on Wednesday 7 February, 2024, price band set at ?295 to ?311 per Equity Share

KP Green Engineering Limited files DRHP for SME IPO

Nova Agritech IPO subscribed 109.36 times on Final Day

Fonebox Retail Limited anchor book fully subscribed

TCS Ranks No. 1 in Customer Satisfaction in France for 5th year

Nova Agritech IPO subscribed 9.75 times on Day 1 led by Retail and NII

Nova Agritech Limited raises ? 43.14 crore from Anchor Investors

IT Solutions major, Rashi Peripherals raised Rs 150 crore in Pre-IPO round

Fonebox Retail IPO date has been set, with the IPO opening on January 24

Nova Agritech Limited's IPO to open on Monday January 22, 2024

Medi Assist Healthcare Services Ltd IPO opens for subscription on Monday - Jan 15, 2024

Konstelec Engineers Limited plans to raise around 25 crores through an IPO, aiming to be listed on NSE Emerge this January

Payment Platform MobiKwik refiles DRHP with SEBI for Rs 700 crore IPO

Jyoti CNC Automation Limited's IPO to open on January 09, 2024

Gretex Share Broking files papers for IPO

Diffusion Engineers files DRHP with SEBI for IPO

Rays Power Infra files DRHP for IPO

FirstCry.com files DRHP for IPO

Emmforce Autotech Ltd files DRHP with BSE SME

Innova Captab IPO subscribed 55.26 times on Final Day

Tamilnadu Coke & Power Limited files DRHP with NSE Emerge

Innova Captab IPO subscribed 3.54 times on Day 2

Ola Electric files DRHP for IPO

Awfis Space Solutions Limited files DRHP with SEBI

Innova Captab IPO subscribed 1.41 times on Day 1

Credo Brands Marketing IPO subscribed 51.85 times on Final Day

Happy Forgings Ltd IPO subscribed 82.04 times on Day 3

RBZ Jewellers IPO subscribed 16.86 times on Final Day

Innova Captab Limited raises Rs. 171 crore from Anchor Investors

Credo Brands Marketing IPO subscribed 6.95 times on Day 2

Motisons Jewellers IPO subscribed 159.61 times on Final Day

Happy Forgings Limited's IPO subscribed 7.47 times on Day 2

RBZ Jewellers IPO subscribed 7.15 times on Day 2


Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020