Nova Industries IPO

mainboard · BOTH

Open
  1. DRHP Filed
  2. RHP Filed
  3. Announced
  4. Upcoming
  5. Open
  6. Closed
  7. Allotment
  8. Listed

Price band

₹95 – ₹100

Lot size

150 shares

Min. investment (retail)

₹15,000

Total issue size

₹300 Cr

Open date

28 Aug 2026

Close date

1 Sept 2026

Allotment date

4 Sept 2026

Listing date

8 Sept 2026

Grey Market Premium (GMP)

Unofficial · Market Data

₹14

+14%

Est. listing: ₹114

Stale — updated 7 days ago

GMP is unofficial grey market sentiment, not an exchange-quoted or guaranteed price. Source: gpaisa.in research desk.

Subscription Status

Official

gpaisa.in Review

Editorial Analysis

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Business quality

7/10

Financials

6/10

Growth

8/10

Valuation

6/10

A reasonably priced mainboard IPO from a growing specialty chemicals player, with the fresh issue funding capacity expansion.

Strengths

  • Established client relationships with agrochemical majors
  • Expanding capacity ahead of demand
  • Healthy revenue growth over the last three fiscals

Risks

  • Customer concentration in top five clients
  • Raw material price volatility
  • Fresh capacity still ramping up

This is editorial opinion by the gpaisa.in research desk (Gpaisa Research Desk), not investment advice.

Documents

About the Issue

Funding capacity expansion at the Gujarat facility, repayment of borrowings, and general corporate purposes.

Fresh issue

₹250 Cr

Offer for sale

₹50 Cr

Face value

₹10

Lead managers

ICICI Securities, Kotak Mahindra Capital

About Nova Industries

Nova Industries manufactures specialty chemicals used in agrochemical and pharmaceutical intermediates, with manufacturing facilities in Gujarat and Maharashtra.