Nova Agritech Limited IPO

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i. We are an agri-input manufacturer offering soil health management, crop nutrition and crop protection products focused on tech-based farmer driven solution approach, wherein the mainly offer ecologically sustainable and nutritionally balanced products based on the R&D. They manufacture, distribute and market a wide range of product categories consisting of

(a) soil health management products;
(b) crop nutrition products;
(c) bio stimulant products;
(d) bio pesticide products
(e) Integrated Pest Management (IPM) products;
(f) new technologies; and
(g) crop protection products.

ii. Currently, the crop protection products are manufactured by their subsidiary Nova Agri Sciences Private Limited.

iii. They have received a total of 629 product registrations comprising of 7 registrations in the soil health management category, 168 registrations in the crop nutrition category, 4 registrations in bio pesticide category and 450 registrations in the crop protection category.

iv. The company’s dealer network is currently spread across 16 states of India namely Andhra Pradesh, Telangana, Maharashtra, Karnataka, Madhya Pradesh, Rajasthan, Chhattisgarh, Tamil Nadu, Uttar Pradesh, Odisha, West Bengal, Bihar, Gujarat, Jharkhand, Uttarakhand and Jammu & Kashmir and 02 in Nepal.

Competitive Strengths

i. One stop solution for soil health management, crop nutrition, bio stimulant, bio pesticides, Integrated Pest Management (IPM) and crop protection through diversified branded product portfolio
ii. Established distribution network across various geographies through many dealers.
iii. Strengthening farmer outreach through Nova Kisan Seva Kendra.

Objects of the Nova Agritech Limited IPO:

The net proceeds of the Fresh Offer, i.e. gross proceeds of the Fresh Offer less the offer expenses apportioned to the Company (“Net Proceeds”) are proposed to be utilised in the following manner: a. Investment in the subsidiary, Nova Agri Sciences Private Limited for setting-up a new formulation plant; b. Funding Capital Expenditure in the Company, towards expansion of the existing formulation plant; c. Funding of working capital requirements of the Company; d. Investment in the subsidiary, Nova Agri Sciences Private Limited, for funding working capital requirements; and e. General corporate purposes.

Nova Agritech Limited IPO Details:

Promoters And Management:

i. Adabala Seshagiri Rao is a Chairperson and Independent Director of the Company. He holds Degree of Bachelor of Science and Degree of Bachelor of Laws from the Andhra University. He holds diploma in Industrial Relations & Personnel Management and Diploma in Marketing & Sales Management from the Bharatiya Vidya Bhavan. He is a Certified Associate of Indian Institute of Bankers (CAIIB Retail Banking examination from the Institute of Banking & Finance. He has over 34 years of experience in the banking industry. His last employment before retirement was with the Union Bank of India. ii. Malathi S is one of the Promoter and Executive Director of the Company. She has completed her Bachelor of Commerce from Kakatiya University. She has been associated with the Company since 2011 and oversees the operations of the Company iii. Kiran Kumar Atukuri is one of the Promoter and Managing Director of the Company. He has completed his Bachelor of Science in Agriculture from Acharya N. G. Ranga Agricultural University and Master of Business Administration from Nagarjuna University. He has almost two decades of experience in the field of Sales & Marketing, Product Development, Channel Management, Key Account Management and Client Relationship Management in Agricultural inputs Business. He has worked with Rasi Seeds (P Ltd., Maharashtra Hybrid Seeds Co. Ltd., ICICI Bank, Monsanto, Syngenta and EID Parry. He is the guiding force behind all the corporate decisions and is responsible for the entire business operations specifically manufacturing and sales operations of the Company.

Financials of Nova Agritech Limited IPO: 

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Comparison With Peers:

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Recommendation on Nova Agritech Limited IPO:

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Registrar of Nova Agritech Limited IPO:

  1. Bigshare Services Private Limited

Company Address:

Sy.No.251/A/1, Singannaguda Village, Mulugu Mandal, Siddipet, Medak, Telangana – 502279

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