Nova Agri Tech IPO News: If you like to invest money in IPO, then the IPO of Nova Agritech Limited, a company related to agriculture sector, is coming on 23rd January i.e. Tuesday. The company is trying to raise funds of Rs 143.81 crore through this issue. Before the opening of the IPO, the company has collected a total of Rs 43.14 crore from anchor investors. If you are also thinking of investing in IPO, then we are giving you information about its price band, main dates.
How much was the price band fixed?
Nova Agritech has fixed the company's IPO price between Rs 39 to Rs 41 per share. The face value of shares is Rs 2 per share. In this IPO, retail investors can bid for at least one lot size i.e. 365 shares at a time. At the same time, bidding can be done simultaneously on a maximum lot size of 13 shares i.e. 4,745 shares. Through this IPO, the company has put a total of 35,075,693 equity shares for sale. Out of this, shares worth Rs 112 crore have been put up for sale through fresh issue and shares worth Rs 31.81 crore have been put up for sale through offer for sale. Retail investors can bid a minimum of Rs 14,965 and a maximum of Rs 1,94,545 in the IPO.
Know the important dates related to IPO-
The issue of Nova Agritech is opening on Tuesday 23 January 2024. Investors can bid in this IPO till January 25. Allotment of shares will take place on January 29. Whereas those investors who will not get the allotment of shares will get the refund on January 30. Shares will be transferred to the demat account of successful investors on January 30, 2024. Listing of shares will happen in BSE and NSE on 31 January 2024.
35 percent share has been reserved for retail investors in this IPO. Whereas 15 percent share has been reserved for high net individuals and 50 percent share has been reserved for qualified institutional buyers.
How is the condition of GMP?
investorgain.com As on January 20, the company's shares are at GMP of Rs 20 in the gray market. In such a situation, if this situation continues till the day of listing, then the company's shares can be listed at Rs 61 at 48.78 per cent.
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