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Ahead of its IPO, Nova Agritech mopped up Rs 43.14 crore from four anchor investors as it finalized allocation of 1,05,22,220 shares at a Rs 41 apiece.
Nova Agritech IPO: The price band for the issue has been fixed at Rs 39-41 a share
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: The offer is entirely a fresh issue of 8.49 lakh shares worth Rs 6.71 crore
Nova Agritech IPO: The offer consists of a fresh issue of 2.73 crore shares worth Rs 112 crore and an OFS of 77.58 lakh shares worth Rs 31.81 crore