Telangana-based agri-input manufacturer Nova Agritech Limited has filed its draft red herring prospectus (DRHP) papers with capital markets regulators SEBI to raise funds through an initial public offering (IPO) for a fresh issue of equity shares worth up to ₹140 crores and an offer-for-sale (OFS) of up to 77,58,620 equity shares by a Selling Shareholder.

The Offer is being made through the book-building process, wherein not more than 50% of the offer shall be available for allocation to qualified institutional buyers (QIBs), not less than 15% of the offer shall be available for allocation to non-institutional investors, and not less than 35% of the offer shall be available for allocation to retail individual investors.

Keynote Financial Services Limited and Bajaj Capital Limited are the Book Running Lead Managers to the issue.

ALMT Legal, Bangalore is the legal counsel to the issue.

The transaction team comprises Rajat Bopaiah (Partner), Souvik Paul Mazumdar (Partner), Natasha Ponappa (Associate), Marc Ivor Martin (Associate) and Nehal C. Pratap (Associate).

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