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India Business News: Find out what investors should do and what analysts have to say about the Nova Agritech IPO. Get insights into the subscription numbers and expert recommendations.
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.
Nova Agritech IPO: The price band for the issue has been fixed at Rs 39-41 per share
Shares of New Swan Multitech listed with a premium of 90% on the BSE SME platform. The stock debuted at Rs 125.4, compared with an offer price of Rs 66. The company's shares commanded a GMP of Rs 56 in the unlisted market. The IPO was entirely a fresh equity issue of 50.16 and through the issue, the company plans to raise Rs 33.11 crore.
Hyderabad-based Nova AgriTech focuses on three segments namely soil health, plant nutrition and crop protection. The company was incorporated in May 2007.