Nova Agritech Ltd. IPO

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 we mainly offer ecologically sustainable and nutritionally balanced products based on our Research and Development. We ... 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 products; (f) new technologies; and (g) crop protection products. Currently, the crop protection products are manufactured by our subsidiary Nova Agri Sciences Private Limited. As on November 30, 2023, we have received a total of 720 product registrations comprising of 7 registrations in the soil health management category, 176 registrations in the crop nutrition category, 4 registrations in bio pesticide category, 7 registrations in technical indigenous manufacturing and 526 registrations in the crop protection category. All of the 526 registrations in the crop protection category are in the name of Nova Agri Sciences Private Limited. Further, we have applied for 14 registrations for new products across various categories in the name of Nova Agri Sciences Private Limited and 22 new registrations in the name of Nova Agritech Limited. We have a total dealer network comprising of approximately 11,722 dealers out of which approximately 6,769 dealers are active to whom we have distributed and sold our products during the current financial year. Our 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. We have also entered into marketing, distribution and supply agreements with certain third parties in Bangladesh, Sri Lanka and Vietnam and are currently awaiting the necessary permission to start business in these jurisdictions. Read more

Our Company was incorporated as a private limited company under the provisions of the Companies Act, 1956 on May 9, 2007 at Hyderabad, erstwhile Andhra Pradesh as “Nova Agritech Private Limited”. Our business was started by our founder Sambasivarao Yeluri and Kalyana Chakravarthy. ... Thereafter, pursuant to a special resolution passed by our shareholders on September 8, 2018, our Company was converted to a public limited company and our name was changed to “Nova Agritech Limited”. A fresh certificate of incorporation consequent to change of name was issued by the Registrar of Companies, Hyderabad (“RoC”) on September 24, 2018.

Crop nutrition industry primarily consists fertilizers (chemical, organic and bio-fertilizers) and bio-stimulants.

Overview and types of fertilizers
Fertilizer is any material of natural or synthetic origin that is applied to plant tissues or soil to supply plant nutrients. For most ... modern agricultural practices, fertilization focuses on three main macro nutrients: Nitrogen , Phosphorous and Potassium. Fertilizers are mainly classified as – i. Chemical fertilizers ii. Organic fertilizers iii. Biofertilizers. Overview and key types of bio-fertilizers As per several studies conducted by the Centre of Science & Environment, crops no longer respond to chemical fertilizers as they used to. The fertilizer response ratio used to be 13.4 in 1970 which further reduced to 2.7 by 2015. Due to heavy subsidies provided for nitrogen, the nitrogen-phosphorous-potassium ratio has been skewed towards nitrogen. However, the continuous use of nitrogenous fertilizers adversely affected the soil health in India. The crops displayed symptoms in deficiencies of macro and micro nutrients. This became a growing concern and led to the search for alternative non-chemical choices which included biofertilizers and organic fertilizers. Bio fertilizers contain microbes, that enhance plant nutrition or increase nutrient availability in soils. E.g. azospirillum, rhizobium, etc. They are regulated under the Fertilizer Control Order . Read more