Nova Agritech Ltd - IPO

Nova Agritech Ltd IPO Details

Initial public offering of 3,50,75,693 equity shares of face value of Rs. 2/- each (Equity Shares) of the company for cash ata price of Rs. 41/- per equity share (including a share premium of Rs. 39 per equity share) (Offer Price) aggregating to Rs. 143.81 crores (the Offer) comprising a fresh offer of 2,73,17,073 equity shares aggregating to Rs. 112.00 crores by the company (the Fresh Offer) and an offer for sale of up to 77,58,620 equity shares aggregating to Rs. 31.81 crores by Nutalapati Venkatasubbarao (selling shareholder) (and such offer for sale of equity shares by the selling shareholder the Offer for Sale). The offer would constitute 37.91 % of the post-offer paid-up equity share capital of the company. The Offer for Sale and together with the fresh offer, the Offer. The face value of the equity shares is Rs. 2/- each and the issue price is 20.50 times the face value of the equity shares. ^Subject to finalisation of the basis of allotment.

Objective of issue

Investment on the company subsidiary, Nova Agri Sciences Pvt Ltd for setting up a new formulation plant. Funding Capital Expenditure by the Company, towards expansion of its existing formulation plant. Funding of working capital requirement of the company. Investment in the subsidiary Nova Agri Sciences Pvt Ltd, for funding working capital requirements. General corporate purposes.

Nova Agritech Ltd Contact Details

Nova Agritech Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - ipo@novaagri.in

Website - www.novaagri.in