The Rs 640-crore Epack Durable IPO will now close on January 24 instead of earlier closing date of January 23, while the listing of its shares will be on January 30 against January 29 earlier.
Hyderabad-based Nova AgriTech focuses on three segments namely soil health, plant nutrition and crop protection. The company was incorporated in May 2007.
Nova AgriTech IPO, which will open for subscription from January 22 to January 24, is looking to sell shares at Rs 39-41 apiece. The company plans to raise Rs 112 crore through a fresh equity issue and an offer for sale (OFS) of 77.5 lakh shares. The allocation for qualified institutional buyers (QIBs) is at 50%, for non-institutional investors (NIIs) at 15%, and for retail investors at 35%. Nova AgriTech s revenue in FY23 was Rs 210 crore with a profit of Rs 20.48 crore.
Nova Agritech IPO: The IPO is a mix of a fresh issuance of shares worth Rs 112 crore, and an offer-for-sale (OFS) of 77.58 lakh equity shares by Nutalapati Venkatasubbarao.