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HomeTrendsNova AgriTech IPO allotment status today: Check application, GMP and listing date

Nova AgriTech IPO allotment status today: Check application, GMP and listing date


Nova AgriTech is scheduled to finalise the premise of allotment for its current preliminary public supply (IPO) on Monday, January 29. Buyers, who bade for the problem, could be receiving messages, alerts or emails for debit of funds or revocations of IPO mandate by the top of Monday. The crop diet participant had acquired a powerful response from traders through the bidding course of.

The Nova AgriTech IPO ran from January 23 to January 25. The IPO value band was mounted at Rs 39-41 per share. The corporate raised round Rs 143.81 crore from its main route, which included a contemporary share sale of Rs 112 crore and offer-for-sale (OFS) of as much as 77.58 lakh fairness shares.

The problem was subscribed 109.37 occasions, led by 224.08 occasions subscription by non-institutional bidders. The quota for certified institutional bidders (QIBs) was subscribed 79.31 occasions and the portion of retail traders was subscribed 77.12 occasions through the bidding.

The gray market premium (GMP) of Nova AgriTech inched increased following the robust investor curiosity regardless of volatility within the broader market. Final heard, the corporate was commanding a premium of Rs 23 per share, suggesting an inventory pop of 55-56 per cent. Earlier the GMP for Nova AgriTech stood at Rs 20 apiece within the unofficial market.

Integrated in Might 2007, the Hyderabad-based Nova AgriTech primarily focuses on three segments: soil well being, plant diet and crop safety.


Brokerage companies had been principally constructive on the Nova AgriTech IPO.  Anlaysts favored Nova AgriTech’s robust enterprise mannequin, focus within the agri sector, margins and scope for growth. Nonetheless, others had been sceptical. They’d, nevertheless, prompt subscribing the problem for long-term positive aspects because of wealthy valuations and geographical focus.

 

Bajaj Capital and Keynote Monetary Providers are the ebook operating lead managers of the Nova AgriTech IPO, whereas Bigshare Providers is the registrar for the problem. Shares of the corporate shall be listed on each BSE and NSE with January 31, 2024, Wednesday because the tentative date of itemizing.

Buyers, who bade for the problem, can examine the allotment standing on the BSE web site’s IPO software examine web page. Examine-in fairness, underneath the problem sort and choose Nova AgriTech Restricted within the dropbox; type-in the appliance quantity and add the PAN card quantity earlier than checking-in at ‘I’m not a Robotic’ earlier than hitting the submit button.

Buyers also can examine the allotment standing on the net portal of Bigshare Providers, the registrar to the problem. Go to the online portal of Bigshare Providers and choose the IPO of Nova AgriTech within the dropbox. Choose the kind of software and enter the both PAN card quantity, software quantity or DP shopper ID as chosen tab and hit ‘search’ after filling within the captcha to get the allotment standing in your software.

Disclaimer: Enterprise Right this moment supplies inventory market information for informational functions solely and shouldn’t be construed as funding recommendation. Readers are inspired to seek the advice of with a certified monetary advisor earlier than making any funding selections.

 

wasim ibn kamal
wasim ibn kamalhttps://newslike.site
Wasim Ahmad Kumar | Wasim Ibn Kamal | founder of iseotools.me, newslike.site and healtinfo.space | A developer and UI/UX designer. Cluster-notes.blogspot.com and tsbdu.blogspot.com are two of my blogs.
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