Nova AgriTech IPO GMP History
Nova AgriTech IPO has been listed on January 31, 2024 at a listing price of ₹55, against the issue price of ₹41 — a gain of ₹14 (+34.15%). The GMP peaked at ₹23 on 30 January 2024 and reached a low of ₹20 on 25 January 2024. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Nova AgriTech IPO raised ₹143.81 Cr. through its IPO at a price band of ₹39 to ₹41 per share, with a lot size of 365 shares. The IPO was open for subscription from 23 Jan 2024 to 25 Jan 2024.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 10 Nov, 6:27 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 30 Jan 2024 | ₹ 23 | — | 56% | — | — |
| 29 Jan 2024 | ₹ 23 | — | 56% | — | — |
| 28 Jan 2024 | ₹ 23 | ▲ | 56% | — | — |
| 25 Jan 2024 | ₹ 20 | — | 49% | — | — |
| 24 Jan 2024 | ₹ 20 | — | 49% | — | — |
| 23 Jan 2024 | ₹ 20 | — | 49% | — | — |
| 22 Jan 2024 | ₹ 20 | — | 49% | — | — |
| 19 Jan 2024 | ₹ 20 | — | 49% | — | — |
| 18 Jan 2024 | ₹ 20 | — | 49% | — | — |
Nova AgriTech IPO dates
Key dates from opening to listing. Today is 11 November.
- Open 23 Jan 2024
- Close 25 Jan 2024
- Allotment 29 Jan 2024
- Refund/credit 30 Jan 2024
- Listing 31 Jan 2024
Nova AgriTech IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹41 |
|---|---|
| GMP-based estimate (pre-listing) | ₹61 (+48.8%) |
| Listing gain / loss | +₹14 per share |
| Listing date | 31 Jan, 2024 |
| Actual listing price | ₹55 (+34.15%) |
Is Nova AgriTech IPO GMP reliable?
Grey market premium for Nova AgriTech IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Nova AgriTech IPO full review for a fundamentals-based assessment before making any grey market trades.
Nova AgriTech IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Nova AgriTech IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Nova AgriTech IPO
Nova AgriTech Limited was incorporated as Nova Agritech Private Limited at Hyderabad on 9 May 2007. It is an agri-input maker focused on a tech-based, farmer-driven approach.
It makes, distributes and markets soil health management products, crop nutrition products, bio stimulants, bio pesticides, integrated pest management products, new technologies and crop protection products. Its crop protection products are made by its subsidiary Nova Agri Sciences.
It mainly offers ecologically sustainable and nutritionally balanced products based on its own research and development.
The IPO was Rs 143.81 crore, with Rs 112.00 crore of fresh issue and Rs 31.81 crore of offer for sale by Nutalapati Venkatasubbarao. Fresh money was planned for a new formulation plant and working capital at its subsidiary, expanding its own plant and working capital.
Frequently asked
What is the GMP of Nova AgriTech IPO?
The current Grey Market Premium (GMP) of Nova AgriTech IPO is ₹ 20.
What is the Kostak Price of Nova AgriTech IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Nova AgriTech IPO is not available.
What is the Subject to Sauda Price of Nova AgriTech IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of Nova AgriTech IPO?
Nova AgriTech IPO listed on January 31, 2024 at ₹55, against the issue price of ₹41 — a gain of +34.15%.
How did the GMP of Nova AgriTech IPO trend before listing?
The GMP of Nova AgriTech IPO was stable in its final days before listing. The GMP peaked at ₹23 on 30 January 2024. View the day-wise table above for the complete GMP history.
Explore Nova AgriTech IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
