India's Nova Agritech soars in debut trade

Nova Agritech

31/01/2024 06:48

** Shares of Nova Agritech  NOVG.NS  up as much as 40.9% at
57.75 rupees in trading debut vs initial public offering (IPO)
price of 41 rupees
    ** NOVG debuts at 55 rupees; trading in 55-57.75 rupees
range so far in the day 
    ** Co valued at 5.34 bln rupees ($64.3 mln) at session high
    ** IPO had fresh issue of shares worth 1.12 bln rupees,
offer for sale of shares from shareholders worth 318.1 mln
rupees
    ** IPO oversubscribed 109x last week - exchange data
   
($1 = 83.0780 Indian rupees)

 (Reporting by Rama Venkat)
 ((ramavenkat.raman@thomsonreuters.com; https://twitter.com/ramavenkat0607;))