Sobhagya Mercantile Ltd
Nova Global bought 6,50,500 shares of Sobhagya Mercantile for ₹57.12 Cr at ₹878.10 apiece through a preferential allotment of convertible warrants. Their stake is now 5.89%.
A diversified commercial services company engaged in engineering consultancy and metal aggregate sales, Sobhagya Mercantile operates across multiple industrial sectors. Incorporated in 1983, the company provides specialized engineering consulting services to infrastructure and industrial clients while maintaining a substantial presence in the metal aggregate materials market. Its dual business model combines technical expertise with commodity distribution capabilities, serving both private and public sector customers.
Nova Global Opportunities Fund PCC is a foreign portfolio investor that is an active anchor investor in Indian SME IPOs. It has backed offerings across sectors including electric equipment, power and energy, infrastructure, and logistics.