Nova Agri Tech Limited | IPO Summary | CA Rachana Ranade

"they're going to use funds for setting up a new formulation plant and also for the working capital requirement"

"they also have devices which are called as b b parak so basically B parak is what a device which will test the soil and will tell this whether the soil is lacking in certain nutrients or not and if it is lacking in let us say a nutrient then they will provide them with these specific fertilizers which will enhance the nutritious value of that soil"

"they also provide drones to Farmers for what now you can imagine that a farmer has huge farm and it will be humanly impossible for that farmer to spray pesticides manually now they provide these drones wherein the pesticides can be loaded onto the Drone and now this drone will fly over the farm area and will spray these pesticides"

"they are uh checking to I mean they're also wanting to start business abroad in these three countries one is Bangladesh one is Sri Lanka and one is Vietnam but they are awaiting the necessary permission to start the business in these specific jurisdictions"

"all in all what I intend to say here is that if they want they can start manufacturing a lot of products for which they already have a license"

"Revenue has grown at 9.5 45% cagr iida has grown at 29.57 per cagr 29.57 yes and Pat has grown at 48.1 16% cagr"

"even if you check out the margins in percentages now iida margin was at 11.08 and has gone up to 18.39% so increase in ibida margin always seen as a good one even if you check out the pat margin which was 3.92 has come up to 9.73 and for the 6 months ended period in fact it has crossed the 10% of threshold and has gone up to 10.06"

"Roe and Roc for the year under 23 are good enough with 27.25 and 3827"

"the pre-ipo valuation PE stands at 12.54 at the upper band and the industry average is at 25.64%"