Nova Agritech IPO: Here are key risk factors to know before you subscribe to the issue
₹39 to ₹41 per share. The agri-tech company aims to raise ₹143.81 crore from its initial offer, out of which ₹112 crore is expected via issuance of fresh shares.
The remaining ₹31.81 crore is reserved for offer for sale (OFS). Also read: Nova AgriTech IPO opens today: Latest GMP, price, date, 10 essential details to know about the IPO The company had raised ₹43.14 crore from anchor investors a day before it opened for subscription.
Keynote Financial Services Ltd and Bajaj Capital Limited are the book running lead managers of the Nova AgriTech IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. Nova AgriTech IPO offers 35,075,205 shares, 7,015,139 (20.00%) to QIB, 5,261,354 (15.00%) to NII, 12,276,492 (35.00%) to RII and 10,522,220 (30.00%) to Anchor investors.
33,634 RIIs will receive minimum 365 shares and 343 (sNII) and 686 (bNII) will receive minimum 5,110 shares. (in case of oversubscription).
Also read: Nova Agritech IPO: Issue fully subscribed as day 1 sees rush from NIIs, retail investors; GMP steady 10. We have contingent liabilities which could materially and adversely affect our business, results of operations and financial condition.Milestone Alert!
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