Nova Agritech IPO received a 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 finalised in the next two to three days.

Investors can check the status of their share allotment on the BSE or even by logging in to the registrar website.

Firstly, here’s how you can know the status on BSE

Step 1: Visit the BSE Website (https://www.bseindia.com/investors/appli_check.aspx)

Step 2: Please select the issue name, that is the company’s name in the drop down.

Step 3: Enter the application number or PAN number to check the allotment status.

To check the status of Nova Agritech IPO allotment through the registrar, which is Bigshare Services in this case, kindly follow the below steps.Step 1: Visit the Bigshare Services website (https://ipo.bigshareonline.com/IPO_Status.html)

Step 2: Select Nova Agritech IPO

Step 3: Enter the PAN details and click search to know the status

Also Read: BLS E-Services IPO to open on January 30. Check price band, issue size and other details

Nova Agritech IPO GMP

In the unlisted market, the company’s shares are trading with a premium of Rs 20. The stock is expected to list at a premium of nearly 50% on January 30, if the trends sustain.

Nova AgriTech is an agri-input manufacturer offering soil health management, crop nutrition and crop protection products focused on tech-based farmer-driven solution approach, wherein it mainly offers ecologically sustainable and nutritionally balanced products based on R&D.

As of November 2023, it has received a total of 720 product registrations comprising 7 registrations in the soil health management category, 176 in the crop nutrition category, 4 in biopesticide category, 7 in technical indigenous manufacturing and 526 in the crop protection category.

In FY23, the company’s revenue from operations jumped 13% year-on-year to Rs 210 crore, while profit after tax (PAT) surged 50% to Rs 20.48 crore. In the six months ended September 2023 period, revenue stood at Rs 103 crore and profit was at Rs 10.3 crore.

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