Nova AgriTech IPO allotment status today: Verify Application, GMP, and Listing Date.
Nova AgriTech IPO allotment status today: Nova AgriTech, headquartered in Hyderabad, specializes in three key areas: ensuring soil health, providing plant nutrition, and offering solutions for crop protection.
Nova AgriTech is set to determine the basis of allotment for its recent initial public offering (IPO) on Monday, January 29. Investors who participated in the bidding process can expect to receive notifications, alerts, or emails regarding the debiting of funds or the revocation of the IPO mandate by the end of Monday. The company, specializing in crop nutrition, garnered a robust response from investors during the bidding phase.
Nova AgriTech's IPO, which ran from January 23 to January 25, had a price band set at Rs 39-41 per share. The company successfully raised approximately Rs 143.81 crore through its primary route, involving a fresh share sale of Rs 112 crore and an offer-for-sale (OFS) of up to 77.58 lakh equity shares.
The IPO witnessed remarkable interest, being oversubscribed 109.37 times. Non-institutional bidders led the way with an impressive subscription of 224.08 times, while qualified institutional bidders (QIBs) subscribed 79.31 times, and retail investors' portion was subscribed 77.12 times.
Despite broader market volatility, Nova AgriTech's grey market premium (GMP) experienced an upward trend, indicating strong investor interest. The latest reports suggest a premium of Rs 23 per share, hinting at a potential listing pop of 55-56 percent. Previously, the GMP for Nova AgriTech stood at Rs