Manufacturer of agricultural inputs Nova Agritech Ltd has filed its preliminary papers with capital markets regulator Sebi to mobilise funds through initial public offering (IPO).
Shares of the company are proposed to be listed on both NSE and BSE.
The IPO comprises fresh issue of equity shares worth up to Rs 140 crore and an offer-for-sale (OFS) component of up to 77,58,620 equity shares of shareholder Nutalapati Venkatasubbarao, according to the draft red herring prospectus (DRHP).
The Telangana-based company may consider a pre-IPO placement of equity shares of up to Rs 25 crore.