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Nova Agritech makes a solid debut at the bourses. Should you hold or exit?

Nova Agritech, an agri-input manufacturer, witnessed a solid listing for its IPO. The company s strong market position, diverse product portfolio, and effective marketing strategy contributed to its growth potential. Nova Agritech s consistent financial performance, impressive return on equity (ROE) of 32.1%, and robust PAT margins at 9.7% in FY23 further bolstered investor sentiment. The proceeds from the IPO will be used for investment in its subsidiary, funding capex, working capital requirements, and investment in Nova Agri Sciences. ....

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nova agritech ipo: Nova Agritech IPO: 10 things to know before subscribing to the issue

Nova Agritech​ has fixed a price band of Rs 39-41 per share for its IPO. Investors can bid for 365 shares in 1 lot and in multiples thereafter. The IPO comprises fresh equity issue worth Rs 112 crore and an offer for sale (OFS) of 77.5 lakh shares. ....

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