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Producer of agricultural inputs Nova Agritech Ltd has introduced its maiden quarterly outcomes simply weeks after constructive itemizing of the Dalal Avenue.
In line with an change submitting, the corporate’s income from operations within the December quarter stood at Rs 50.7 crore, up greater than 60 per cent from Rs 30.12 crore reported in the identical quarter of final fiscal.
The corporate additionally mentioned that its revenue within the third quarter of FY24 jumped over 50 per cent YoY to Rs 4.85 crore. The agency had reported a revenue of Rs 2.26 crore within the year-ago interval.
Earlier in January, shares of Nova Agritech made a good debut on exchanges as they received listed at Rs 56 on the BSE towards a difficulty worth of Rs 41 i.e. a premium of 36.59 per cent. The shares opened at Rs 55 on the NSE.
The Preliminary Public Supply (IPO) of Nova Agritech received response from traders and was subscribed a whopping 109.36 instances on the final day of subscription on Thursday, with heavy participation coming in from institutional traders. The Rs 143.81 crore IPO had a worth vary of Rs 39-41 a share.
The IPO of the producer of agricultural merchandise had a contemporary concern of as much as Rs 112 crore and an offer-for-sale of as much as 77,58,620 fairness shares.
Included in 2007, the agency manufactures, distributes and markets soil well being administration merchandise, crop vitamin, biostimulants, bio-pesticide, built-in pest administration merchandise and crop safety merchandise.
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