KN Agri Resources Limited IPO
NSE SMEListed On: Mar 28, 2022 at ₹ 153.65
₹ 240000 /3200 Shares
*Min Investment
15 Mar, 2022
Open Date17 Mar, 2022
Close Date23 Mar, 2022
Allotment Date28 Mar, 2022
Listing DateIPO Issue Details
- Issue Price ₹71-75 per equity share
- Face Value ₹10 Per Equity Share
- Issue Price 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) - Listing at NSE SME
- List Price 153.65
- Listing Date 2022-03-28
- Lead Manager Hem Securities Limited
- Registrar Link Intime India Private Ltd
IPO Details
- Retail Portion N/A
IPO Details
KN Agri Resources Limited IPO is an SME IPO, priced at ₹71-75 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform.
The IPO bidding window is open from Mar 15, 2022 to Mar 17, 2022. The allotment is expected to be finalized on Mar 23, 2022, and the tentative listing date is Mar 28, 2022.
The registrar of the IPO is Link Intime India Private Ltd, and
IPO Subscription Analysis And Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 3,123,200 / 939,200 | 2,188,800 | 6,251,200 |
Day 1 15-03-22 05:00 PM | QIB-0.00x NII-4.73 x | 6.14 x | 2.86 x |
Day 2 16-03-22 05:00 PM | QIB-1.17x NII-13.43 x | 24.07 x | 11.03 x |
Day 3 17-03-22 06:00 PM | QIB-10.66x NII-771.64 x | 87.52 x | 151.90 x |
Valuations
Company Financials
| 30-Sep-21 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
|---|---|---|---|---|
| Assets | 201.89 | 192.55 | 148.35 | 194.66 |
| Revenue | 594.67 | 1,301.19 | 853.19 | 1,292.46 |
| Profit After Tax | 16.83 | 26.18 | 13.20 | 21.40 |
About 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
Read More- Promoter(s)
Mr. Vijay Shrishrimal
Mr. Sanjay Shrishrimal
Mr. Dhirendra Shrishrimal
K.N.Resources Private Limited
Anant Trafina Private Limited
Anant Counter Trade Private Limited
Pre Issue Share Holding : 99.99%
Post Issue Share Holding : 73.66%
IPO - Issue Objectives
To meet Working Capital requirements
General Corporate Purpose
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. You can track the real-time subscription numbers using the links below:
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 KN Agri Resources Limited IPO price band is set between ₹71-75 per equity share.
Ans. To apply for KN Agri Resources Limited 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 KN Agri Resources Limited IPO allotment status online.
