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HomeBusinessNova AgriTech IPO Allotment and Listing Update: What Investors Need to Know

Nova AgriTech IPO Allotment and Listing Update: What Investors Need to Know

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Nova AgriTech’s highly anticipated IPO allotment results were announced on Tuesday, January 30, stirring excitement among investors. Those fortunate enough to secure IPO shares are now eagerly anticipating the Nova AgriTech IPO listing scheduled for today, January 31.

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This public issue garnered an overwhelming response from investors, with over 109 times subscription in just three days of the subscription period.

Arun Kejriwal, Founder of Kejriwal Research and Investment Services, shared his insights, predicting a premium listing for Nova Agritech IPO. “I am expecting Nova Agritech IPO listing at a premium of ₹14 to ₹20 per share. This means allottees may expect the Nova Agritech share price to open at ₹55 to ₹61 per equity share.”

For investors who were not allotted Nova AgriTech IPO shares, the refund process for their money is underway. The basis of allotment was finalized on January 30, and those whose bids were rejected likely received their IPO application amount on the same day or will receive the refund on January 31.

Refunds may have been initiated by the company on January 30, and for those whose bids were not accepted, the amount will be credited to their demat accounts today, if not already received.

To check Nova AgriTech IPO allotment status, investors can log in to the BSE website or visit the official registrar’s website — Bigshare Services Private Limited.

Nova AgriTech IPO GMP Today: The grey market premium (GMP) for Nova Agritech IPO today stands at ₹13 per share, according to stock market observers. This indicates an expected listing premium of 31.71% to the issue price of ₹41, at ₹54 per share.

Nova AgriTech IPO Details: Nova AgriTech IPO, open for subscription from January 23 to January 25, comprises a fresh issue of 2.73 crore equity shares amounting to ₹112 crore and an offer for sale (OFS) of 78 lakh shares totaling ₹31.81 crore. The IPO price band was fixed at ₹39 to ₹41 per share, with a minimum lot size of 365 shares.

Keynote Financial Services Ltd and Bajaj Capital Limited serve as the book running lead managers, and Bigshare Services Pvt Ltd is the IPO registrar for Nova AgriTech IPO.

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Stay tuned for the Nova AgriTech IPO listing on BSE and NSE today, promising an exciting day for investors.

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