KN Agri Resources Limited IPO Detail
Incorporated in 1987, 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
- Wide Range of Products
- ISO certified company with consistent and standardized product quality
- Huge in-house manufacturing capabilities
- Strategic location of manufacturing units
Company Promoters
Vijay Shrishrimal; Sanjay Shrishrimal; Dhirendra Shrishrimal; N.Resources Private Limited; Anant Trafina Private Limited and Anant Counter Trade Private LimitedIPO Details
| IPO Opening Date | Mar 15, 2022 |
| IPO Closing Date | Mar 17, 2022 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹71 - 75 per equity share |
| Market Lot | 1600 Shares |
| Min Order Quantity | 1600 Shares |
| Listing At | NSE SME |
| Issue Size | ₹49.38 Cr |
| Fresh Issue | ₹49.38 Cr |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 0x | 0x | 0x | |
| Day 2 | - | - | 3.19x | 0x | 0x |
IPO Tentative Timetable
The KN Agri Resources Limited IPO open date is Mar 15, 2022, and the close date is Mar 17, 2022. The issue may list on Mar 28, 2022.
| IPO Open Date | Mar 15, 2022 |
| IPO Close Date | Mar 17, 2022 |
| Basis of Allotment Date | Mar 23, 2022 |
| Initiation of Refunds | Mar 24, 2022 |
| Credit of Shares to Demat Account | Mar 25, 2022 |
| IPO Listing Date | Mar 28, 2022 |
IPO Lot Size
The KN Agri Resources Limited IPO market lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹120000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1600 | ₹120000 |
| Maximum | 1 | 1600 | ₹120000 |
IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Lakh)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 30-Sep-21 | 20,189.43 | 59,467.46 | 1,683.92 |
| 31-Mar-21 | 19,255.07 | 130,119.34 | 2,618.93 |
| 31-Mar-20 | 14,835.30 | 85,319.66 | 1,320.67 |
Objects of the Issue:
The proceeds of the Issue to meet the following objects:
- To meet Working Capital requirements
- General Corporate Purpose
- To meet issue expenses
KN Agri Resources Limited IPO Registrar:
Link Intime India Private Ltd
KN Agri Resources Limited IPO Lead Manager(s):
Hem Securities Limited
Company Contact Information:
KN Agri Resources Limited
KN Building, Subhash Road,
Ramsagarpara,
Raipur 492001
