IPO

KN Agri Resources Limited IPO

NSE SME

Listed On: Mar 28, 2022 at ₹ 153.65

₹ 120000 /1600 Shares

Check Allotment

IPO Details

15 Mar, 2022

Open Date

17 Mar, 2022

Close Date

23 Mar, 2022

Allotment Date

28 Mar, 2022

Listing Date

Issue Price

₹71-75 per equity share

Face Value

₹10 Per Equity Share 

Listing at Group

NSE SME

Registrar

Link Intime India Private Ltd

List Price

153.65

Listing Date

2022-03-28

Market Lot

1600 Shares (₹120,000/-)

Lead Manager

Hem Securities Limited

Issue Size

6,584,000 Eq Shares of ₹10 (aggregating up to ₹49.38 Cr)
#Fresh Issue: 6,584,000 Eq Shares of ₹10 (aggregating up to ₹73.66 Cr)

Retail Portion

N/A

Subscription

151.90 times

IPO Docs

DRHP RHP

IPO Subscription Details

As onQIB / NIIRetailTotal
Shares Offered / Reserved3,123,200 / 939,2002,188,8006,251,200
Day 1 - 15-03-22 05:00 PMQIB-0.00x NII-4.73 x6.14 x2.86 x
Day 2 - 16-03-22 05:00 PMQIB-1.17x NII-13.43 x24.07 x11.03 x
Day 3 - 17-03-22 06:00 PMQIB-10.66x NII-771.64 x87.52 x151.90 x

Valuations

Earnings Per Share (EPS)

₹14.22/-

P/E Ratio

N/A

RoNW

16.54%

Net Asset Value (NAV) - Post Issue

₹86.16/-

Company Financials All values are in ₹ Cr.

30-Sep-2131-Mar-2131-Mar-2031-Mar-19
Assets201.89192.55148.35194.66
Revenue594.671,301.19853.191,292.46
Profit After Tax16.8326.1813.2021.40

About The Company

KN Agri Resources is an agro-based company, involved in the business of solvent extraction & oil refining and trading of various agro-commodities. KN Agri customers include agri-commodities dealers, trade houses, export houses, and FMCG Companies such as Adani Wilmar Limited, Cargill India, Bunge India, and Ruchi Soya. KN Agri offers a wide range of processed and manufactured products including soya de-oiled cake (soya meal), Hipro Soya Meal, soya refined oil, soya crude oil, degummed oil, soya lecithin, acid oil, soya husk, cottonseed oil, refined rapeseed oil, and rapeseed de-oiled cake. Company trade in various agro commodities such as maize, gram, pulses, sugar, soybean, wheat, etc. KN Agri has three plants located in Khandwa and Itarsi in Madhya Pradesh. These plants include three solvent extraction plants, two oil refineries, and one flour mill. Company market its products to around 15 states in India of which the majority portion of the revenue comes from the state of Madhya Pradesh, Gujarat, West Bengal, and Maharashtra. Competitive Strengths 1. Wide Range of Products 2. ISO certified company with consistent and standardized product quality 3. Huge in-house manufacturing capabilities 4. Strategic location of manufacturing units

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- Promoter(s)

Pre Issue Share Holding: 99.99%

Post Issue Share Holding: 73.66%


Company Promoter(s)

  1. Mr. Vijay Shrishrimal
  2. Mr. Sanjay Shrishrimal
  3. Mr. Dhirendra Shrishrimal
  4. K.N.Resources Private Limited
  5. Anant Trafina Private Limited
  6. Anant Counter Trade Private Limited

IPO - Issue Objectives

  1. To meet Working Capital requirements
  2. General Corporate Purpose
  3. To meet issue expenses

IPO - FAQs

Ans. KN Agri Resources Limited IPO is a SME IPO. The issue is priced at ₹71-75 per equity share. The minimum order quantity is 1600 Shares. The IPO opens on Mar 15, 2022, and closes on Mar 17, 2022. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Ans. The KN Agri Resources Limited IPO opens on Mar 15, 2022 and closes on Mar 17, 2022.

Ans. The size of KN Agri Resources Limited IPO is 6,584,000 Eq Shares of ₹10 (aggregating up to ₹49.38 Cr) #Fresh Issue: 6,584,000 Eq Shares of ₹10 (aggregating up to ₹73.66 Cr).

Ans. The IPO price band is set between ₹71-75 per equity share.

Ans. To apply for KN Agri Resources Limited IPO IPO, follow the steps given below:

  • - Open the IPO Ji App or Website
  • - Find KN Agri Resources Limited IPO in the List of IPOs
  • - Press "Apply" Button
  • - Select Your Demat Account
  • - Select Your Shares Quantity and Submit
  • - Track Your IPO Status

Ans. The share allotment date of KN Agri Resources Limited IPO is Mar 23, 2022.

Ans. The KN Agri Resources Limited IPO will be listed on Mar 28, 2022.

Ans. Follow the steps to check the allotment status for KN Agri Resources Limited IPO here.