MRP Agro Limited IPO Detail
Incorporated in 2018, MRP Agro Limited is primarily engaged in trading and import and export of food grains, fly-ash, and coal products. The business follows B2B (Business to Business) Model, in which, it purchases products from the domestic market in bulk through auctions and sells it to wholesalers.
MRP Agro has a local mandi license to purchase food grains from the local market of Tikamgarh, Madhya Pradesh, and also a registered dealer with the Department of Mines & Geology, Government of Jharkhand to buy coal. The company has built a strong trading network in rural and urban areas and maintains the product quality standard through an in-house Quality Inspection Department.
Competitive strengths
- Strong quality standard and assurance.
- Large distribution network in urban and rural areas.
- Highly experienced promoters.
Company Promoters
Mr. Manish Kumar Jain, Mrs. Raksha Jain, and Manish Kumar Jain HUF are the company promoters.IPO Details
| IPO Opening Date | Feb 08, 2021 |
| IPO Closing Date | Feb 10, 2021 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹40 per equity share |
| Market Lot | 3000 Shares |
| Min Order Quantity | 3000 Shares |
| Listing At | BSE SME |
| Issue Size | ₹3.24 Cr |
| Fresh Issue | 810,000 Eq Shares of ₹10 (aggregating up to ₹3.24 Cr) |
| Offer for Sale | - |
| Retail Portion | - |
IPO Tentative Timetable
The MRP Agro Limited IPO open date is Feb 08, 2021, and the close date is Feb 10, 2021. The issue may list on Feb 18, 2021.
| IPO Open Date | Feb 08, 2021 |
| IPO Close Date | Feb 10, 2021 |
| Basis of Allotment Date | TBA |
| Initiation of Refunds | TBA |
| Credit of Shares to Demat Account | TBA |
| IPO Listing Date | Feb 18, 2021 |
IPO Lot Size
The MRP Agro Limited IPO market lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹120000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 3000 | ₹120000 |
| Maximum | 1 | 3000 | ₹120000 |
IPO Promoter Holding
| Pre Issue Share Holding | 55.82% |
| Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Crs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 30-Sep-20 | 430.09 | 857.07 | 14.24 |
| 31-Mar-20 | 218.44 | 3634.51 | 18.90 |
| 31-Mar-19 | 261.86 | 1873.31 | 11.96 |
Objects of the Issue:
The key objects of the MRP Agro IPO are as follows:
- To meet working capital requirements.
- To meet general corporate purposes.
- To meet the issue expenditures.
