Nova Agritech Ltd. has announced public offering of 35075694 shares at a price of Rs 2.00 each for Cash at a Premium of Rs 39.00 per share. The gross proceeds of the issue are expected to be Rs 14,381.03 lakhs.
The company's initial public offer (IPO) will open on 22 January 2024 and is expected to close on 24 January 2024, subject to customary closing conditions. The price band of the issue has been fixed at Rs 39.00-41.00 per share.
The IPO includes a fresh Issue of 35075694 Equity Shares of the Company at an price of Rs 41.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 365 shares with bids in multiples of 365.
Nova Agritech Ltd. anticipates using the proceeds of the issue for .
Keynote Financial Services Limited.,BAJAJ CAPITAL LTD as lead manager(s) & Bigshare Services Private Limited. is the registrar, to the issue.