Nova Agritech IPO: Issue continues to see robust demand on day 2, booked over 18 times so far; GMP steady
Also Read: Nova Agritech IPO: Here are key risk factors to know before you subscribe to the issue Nova Agritech IPO was fully booked within the first hour of the IPO opening, on the day 1 due to overwhelming response from retail and non institutional investors (NIIs). Nova IPO subscription status was 9.75 times at the end of the first day.
On day 1, Nova Agritech IPO's retail investors portion was subscribed 12.77 times, Non Institutional Investors (NII) portion was subscribed 14.68 times, and Qualified Institutional Buyers (QIB) portion was booked 62%. Nova Agritech IPO date of subscription was rescheduled for Tuesday, January 23 and will close on Thursday, January 25.
Initially, the Nova Agritech IPO was scheduled to open on Monday, January 22, but the equity market remained closed on Monday on account of a public holiday in the country celebrating the inauguration of the Ram Temple in the northern city of Ayodhya. Hence, the opening was postponed.
The Nova Agritech IPO price band has been set in the range of ₹39 to ₹41 per equity share of the face value of ₹2. "Exciting news! Mint is now on WhatsApp Channels
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