In the field of veterinary medicine, Nova Consumer is considered one of the leading enterprises The production line for veterinary drugs and aquatic products at Anova Pharma, a subsidiary of Nova Consumer, meets WHO-GMP standards
Nova Consumer, a member of NovaGroup, has announced plans for an initial public offering of 10.9 million shares at a minimum price of VND43,462.
The minimum application is for 1,000 shares and the maximum for 5.44 million.
The application period will be from February 7 to 28, and the allotment announcement will be made on March 4.
The IPO is equivalent to 10 per cent of the company’s registered capital of VND1.09 trillion. At the minimum price, Nova Consumer’s pre-IPO value will be over VND4.7 trillion, and it is expected to jump to VND5.2 trillion after the IPO.
Of the money raised, the company plans to use VND430 billion to buy a stake of the Consumption Investment Joint Company in Sunrise Foods Company Limited to develop food products.
Some VND35 billion will be invested in Sunrise Foods Company Limited.
Nova Consumer has 11 subsidiaries and three affiliated companies operating in the farm sector. Of them, two are in animal vaccine sector and four in animal healthcare.
Two make veterinary medicines using modern technologies to WHO-GMP standards.
Nova Consumer has three plants making animal feed with a total capacity of 730,000 tonnes a year.
It owns seven animal farms around the country.
Since 2021 Nova Consumer has been diversifying its business ranging from agriculture to consumption goods. This strategy aims at developing the 3F (feed-farm-food) model.
Its income now comes mainly from veterinary medicines/vaccines, animal feed, high-tech feeding solutions, and farm and food products.
It is now the leader in the veterinary medicines market.
In the field of veterinary medicine, Nova Consumer is considered one of the leading enterprises The production line for veterinary drugs and aquatic products at Anova Pharma, a subsidiary of Nova Consumer, meets WHO-GMP standards
The 3F chain the company is developing is expected to grow rapidly thanks to the increasing demand for meat. Yet the demand is lower than in other countries in the neighborhood, and it will surely increase strongly as consumers’ incomes keep increasing.
The driving force for the agricultural sector still comes as many small-scale productions been shifted to centralization to increase production and reduce the spread of diseases when there are major epidemics.
Raising awareness about the use of vaccines, veterinary medicines and solutions used in biosecurity measures and even industrial animal feed will contribute significantly to the growth of the industry in future.
In fiscal year 2021 Nova Consumer aims to achieve revenues of over VND 4.1 trillion and profit after tax of VND 279 billion.
In the first nine months they were VND2.7 trillion and VND342 billion.