NOVA AGRITECH IPO
In equity's Indian summer, IPOs and investors make hay in 2024
The IPO market in 2024 has seen strong investor interest with 38 companies listing at an average gain of 25%. While some stocks like Jyoti CNC Automation and Exicom Tele-Systems have surged 100-300%, others are trading below offer price. Major IPOs from Bharti Hexacom and Aadhar Housing Finance have performed well.
BLS E-Services IPO booked 21 times so far on Day 2; GMP at 122% over issue price
The company's shares are trading with a robust premium of Rs 166 in the unlisted market, compared with an issue price of Rs 135. This translates to a MP of nearly 122%.
Nova Agritech makes a solid debut at the bourses. Should you hold or exit?
Nova Agritech, an agri-input manufacturer, witnessed a solid listing for its IPO. The company's strong market position, diverse product portfolio, and effective marketing strategy contributed to its growth potential. Nova Agritech's consistent financial performance, impressive return on equity (ROE) of 32.1%, and robust PAT margins at 9.7% in FY23 further bolstered investor sentiment. The proceeds from the IPO will be used for investment in its subsidiary, funding capex, working capital requirements, and investment in Nova Agri Sciences.
Brisk Technovision shares list at 12% premium on BSE SME platform
The Brisk Technovision IPO received a subscription of 47 times. The retail category of the issue was booked 35 times, while the other investors' portion was subscribed 58 times. The public offer opened for subscription on January 23 and closed on January 25. The price for the issue was fixed at Rs 156 per share. Through the IPO, the company raised Rs 12.48 crore. The issue was entirely an offer-for-sale of 8 lakh shares.
Nova Agritech shares list at 37% premium over IPO price
Nova Agritech listed on exchanges with a 36.6% premium, debuting at Rs 56 on BSE and Rs 55 on NSE. The IPO received over 100 times subscription as non-institutional and institutional investors bid heavily. The company's solid financial track record and impressive ROE of 32.1% attracted analysts. Proceeds from the IPO will be used for subsidiary investment, capex, working capital, and investment in Nova Agri Sciences. Nova Agri Sciences contributes significantly to Nova Agritech's revenue by manufacturing crop protection products.
Nova Agritech GMP: What to expect from listing on Wednesday
Ahead of the debut, the company's shares are trading with a premium of Rs 23 in the unlisted market. Considering the upper price band of Rs 41, the stock is expected to list with a premium of over 50%
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IPO Calendar: 6 new issues, 10 listings to drive primary market action next week
Currently, there are 25 draft offer documents, filed by various companies, under process with the market regulator Sebi. Nearly 30 companies have already received a green signal from the regulator, aimed at raising over Rs 30,000 crore. Meanwhile, about 40 other companies have submitted their DRHPs for approval.
Nova Agritech IPO allotment expected soon. Check status, GMP, listing date and other details
Nova Agritech IPO allotment: Nova Agritech IPO received massive subscription of over 100 times, driven by heavy bidding from non-institutional and institutional investors. The share allotment for the public offer is expected to be finalized in the next two to three days.
Nova Agritech IPO: Issue subscribed 109 times at close. Check GMP and other details
Most analysts have given a subscribe recommendation to the issue over the company's solid financial track record in a highly competitive sector. The company has delivered an impressive return on equity of 32.1% and boasts robust PAT margins at 9.7% in FY23.
Docmode Health Technologies IPO fully subscribed on first day. Check details
Docmode Health Technologies IPO was entirely a fresh issue of up to 8.49 lakh equity shares aggregating up to Rs 6.7 crore. The company has fixed a price band of Rs 79 apiece, and investors can bid for 1,600 shares in one lot.
Addictive Learning Technology IPO closes today: Check subscription status, GMP, other details
The retail portion was subscribed 279.85 times while the non-institutional investors portion was subscribed nearly 385.63 times. As for the portion allotted to qualified institutional buyers (QIBs), it was 9.23 crore share bids.
Nova Agritech IPO sees nearly 34 times subscription on Day 2. Check GMP and other details
Most analysts gave a subscribe recommendation to the Nova Agritech IPO over the company's solid financial track record in a highly competitive sector. However, despite a strong subscription, the GMP of the was slightly down and is currently about 50% above the issue price.
Nova Agritech IPO sees strong demand, subscribed nearly 10 times on Day 1; GMP at 70%
Led by robust retail and HNI interest, Nova Agritech IPO was fully subscribed on first day of the bidding process on Tuesday. The overall subscription stood at nearly 10 times on the first day with retail category subscription at 12.71 times. NII portion also saw strong response as it attracted 6.1 times bids. Nova Agritech GMP is quoting Rs 20 in the unlisted market, with a premium of nearly 70%. The company has fixed a price band of Rs 39-41 for the IPO.
Epack Durbales IPO fully subscribed on Day 2. Check GMP and other details
Epack Durable is the second largest room air conditioner original design manufacturer (ODM) in India in terms of number of units in FY23. Its current product portfolio comprises room air conditioners where it designs and manufactures complete RACs, small domestic appliances and components.
Addictive Learning Technology IPO subscribed over 69 times on day 2. Check new dates, GMP, other details
The issue which was earlier scheduled to close today, has been extended by a day and will now close on January 24, Wednesday. On Monday, markets were closed on account of the Ayodhya Ram Mandir consecration ceremony.
Konstelec Engineers IPO sees over 100 times subscriptions. Check GMP and other details
The SME IPO of electrical EPC services company Konstelec Engineers was subscribed 105 times so far on the second day of the bidding process. The issue was booked 181 times in the retail category, and 86 times in the NII portion.
Euphoria Infotech India POI subscribed 103.58 times so far on Day 2. Check GMP, issue timeline, other details
Earlier, the issue was scheduled to close today but the closing has now been extended by a day. It will close on January 24, Wednesday. On Monday, markets were closed on account of the Ayodhya Ram Mandir consecration ceremony.
Nova Agritech IPO: Should you subscribe to this Rs 144-crore issue?
Nova Agritech IPO comprises a fresh equity issue of Rs 112 crore and an offer-for-sale (OFS) of 77.58 lakh shares, The IPO opens today and closes on January 25. The company has fixed a price band of Rs 39-41 for the IPO and investors can bid for 365 shares in one lot. About 50% of the shares will be available for allocation to qualified institutional buyers (QIBs), 15% to non-institutional investors (NIIs), and 35% to retail investors.
Medi Assist Healthcare IPO: What GMP signals ahead of listing tomorrow
If the current trends are sustained, the company's shares are expected to list with a premium of 8%. The issue was priced in the range of Rs 397-418.
Ram Mandir Pran Pratishtha Holiday: Nova Agritech, Epack Durable IPOs deferred by a day; Medi Assist listing postponed
Due to the market holiday on January 22, several initial public offerings (IPOs) and listings have been postponed. Nova Agritech IPO, Epack Durable IPO, Brisk Technovision IPO, Qualitech Labs IPO, Euphoria Infotech India, and Maxpose IPO are among the affected offerings. The new dates for these IPOs and listings have been rescheduled accordingly.
Nova Agritech IPO: 10 things to know before subscribing to the issue
Nova Agritech has fixed a price band of Rs 39-41 per share for its IPO. Investors can bid for 365 shares in 1 lot and in multiples thereafter. The IPO comprises fresh equity issue worth Rs 112 crore and an offer for sale (OFS) of 77.5 lakh shares.
IPO calendar: Nova Agritech among 6 issues to be launched next week
The IPO of Nova AgriTech will open for subscription on Jan 23 and close on Jan 25. The firm has raised Rs 40 crore from anchor investors, where Quantum-State Investment Fund, Neomile Growth Fund, among others participated. The price range of the issue is Rs 39-41 per share, where investors can bid for a minimum of 365 shares and in the multiples thereafter.
Nova Agritech collects Rs 43 crore from anchor investors
Foreign investors and domestic institutional investors who have been allotted shares are -- Quantum- State Investment Fund, Neomile Growth Fund, AG Dynamic Funds limited and Saint Capital Fund.
Nova Agritech IPO to open on January 22
The company posted a 13.5% growth in consolidated revenue of 210.5 crore in FY23 against 185.5 crore in FY22. Consolidated net profit grew almost 50% to 20.5 crore as on March 31, 2023, against 13.7 crore on March 31, 2022.
Medi Assist Healthcare IPO: Check subscription on Day 2, GMP and other details
The retail portion of the issue was fully subscribed, followed closely by the NII category at 70%. There were no bids in the QIB portion of the IPO.
Epack Durable IPO price band set at Rs 218-230/share. Check details
Epack Durable IPO will be open for subscription from January 19 to January 23. It has set the share price band for its upcoming IPO at Rs 218-230 per share. The minimum bid is for 65 equity shares. The IPO comprises a fresh equity issue of up to Rs 400 crore and an offer for sale of up to 10,437,047 shares by selling shareholders including the promoters and group entities. The company plans to use the proceeds to fund capital expansion and repay debt.
Nova AgriTech IPO price band fixed at Rs 39-41 per share. Check details
Nova AgriTech IPO, which will open for subscription from January 22 to January 24, is looking to sell shares at Rs 39-41 apiece. The company plans to raise Rs 112 crore through a fresh equity issue and an offer for sale (OFS) of 77.5 lakh shares. The allocation for qualified institutional buyers (QIBs) is at 50%, for non-institutional investors (NIIs) at 15%, and for retail investors at 35%. Nova AgriTech's revenue in FY23 was Rs 210 crore with a profit of Rs 20.48 crore.
Nova AgriTech IPO to open on January 22. Check details
Nova AgriTech IPO comprises a fresh equity issue worth Rs 112 crore and an offer for sale (OFS) of 77.5 lakh shares. The price band for the IPO will be announced soon.
Netweb Technologies, Nova Agritech get Sebi nod to raise funds via IPO
The IPO of Netweb comprises a fresh issue of equity shares of up to Rs 206 crore and an offer-for-sale (OFS) of up to 8.5 million equity shares by promoters selling shareholders. Meanwhile, Nova Agritech's offer has a fresh issue of Rs 140 crore and an OFS of up to 77.58 lakh equity shares by Nutalapati Venkatasubbarao.
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