Nova AgriTech IPO
Agrochemicals - Listed on 31 January 2024
Nova AgriTech IPO listing summary
Nova AgriTech (Agrochemicals) closed its IPO window in 2024 and listed on NSE and BSE on 31 January 2024 at an upper band issue price of Rs 41, opening at Rs 55 for a listing gain of +34.1% and closing day one at Rs 57.75 (+40.9% on closing basis). The IPO was subscribed 109.37x overall - QIB 79.31x, HNI/NII 224.08x, Retail 77.12x. The total issue size was Rs 143.81 Cr (Fresh Issue Rs 112 Cr, OFS Rs 31.81 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Listing day performance
Subscription breakdown
Final (Day 3) subscription
Number of times each investor category subscribed by close of Day 3.
Day-wise overall subscription
How overall subscription built up across the three-day issue window.
Nova AgriTech IPO GMP history
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 20 | +51.28% |
| Day 2 | Rs 20 | +51.28% |
| Day 3 | Rs 20 | +56.41% |
| Day 4 | Rs 20 | +58.97% |
| Day 5 | Rs 25 | +35.90% |
GMP Prediction vs IPOGyani AI Prediction
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
Issue & financials
Market context at listing
How the broader market moved around the Nova AgriTech IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Nova AgriTech IPO - FAQs
What was the listing gain of Nova AgriTech IPO?
Nova AgriTech IPO listed at +34.1% versus the upper issue price of Rs 41 on 31 January 2024.
How many times was Nova AgriTech IPO subscribed?
Nova AgriTech IPO was subscribed 109.37x overall. QIB portion was subscribed 79.31x, HNI / NII 224.08x and Retail 77.12x.
What was the IPO GMP for Nova AgriTech?
IPO GMP started at Rs 20 on Day 1 and moved to Rs 25 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.