Nova Agritech IPO Allotment Status: The IPO of Nova Agritech, an agritech input manufacturing company involved in soil health management, crop nutrition, and crop protection products, was launched last week. Investors took it in stride. Its allotment is being decided today. One has to keep an eye on the website of the registrar of Nova Agritech IPO, which is BigShare Services Pvt. Ltd.
Nova Agritech, a company that makes the lives of farmers easier through farming products, has demonstrated its performance by launching the biggest IPO of this calendar year. This IPO has received 109.39 times more subscription. The basis of allotment of this IPO is being decided today itself. This means that within some time its investors will be able to know their allotment status (Nova Agritech IPO Allotment Status). We are telling you the way to know this.
How to check allotment
Bigshare Services has been made the registrar of this IPO. Those investing in this IPO will have to visit the portal of this company (ipo.bigshareonline.com/ipo_status.html;) to check the allotment status. There they have to select the IPO of Nova Agritech. After this, select applicant type in the drop box and enter PAN number, application number or DP and client ID. After this, you will know the allotment status as soon as you press the search button.
You can also check on BSE
Investors can also check the allotment status of this IPO on the site of Bombay Stock Exchange. For this, first of all visit the BSE link bseindia.com/investors/appli_check.aspx; Must be logged in. After this, you will have to select equity in the type of issue. There you enter your application or PAN number. Then click on I’m not a robot. After this you have to click on the search button. Then you will see how many shares have been allotted to you.
Investors took it into their hands
Nova Agritech IPO was immediately accepted by investors. It received a strong response from investors and the issue was booked more than 109 times in three days of bidding. According to the information available in the share market, this IPO had received maximum subscription from Non-Institutional Investors. This portion was oversubscribed by 224.06 percent. The share of Qualified Institutional Buyers also received subscription of 79.31 times while retail investors have also showered their love on this IPO. That is why 77.10 times the bid has been received for this part.
When will Nova Agritech shares be listed?
Nova Agritech IPO shares will be listed on NSE and BSE on January 31.
What is gray market premium?
The gray market premium for Nova Agritech’s IPO is increasing. On January 26, at 10 am, one share was being quoted at Rs 61 in the gray market, which has increased to Rs 64 today. That means a premium of Rs 23 on its share of Rs 41. This means that the investors who are allotted its shares are assured of earning 56.10 percent.
what does the company do
Hyderabad-based company Nova Agritech Limited manufactures products that help farmers grow better crops. The company’s main focus is on three areas: soil health, plant care, and crop protection. The company provides them products using technology. Also, the company is instrumental in understanding the needs of farmers and developing solutions to meet them.