KN Agri Resources Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 3,123,200 (47%) | — | ₹2,342 Cr |
| NII (HNI) | — | 939,200 (14%) | — | ₹704 Cr |
| Retail | — | 2,188,800 (33%) | — | ₹1,642 Cr |
| Market Maker | — | 332,800 (5%) | — | ₹25 Cr |
| Σ Total | — | 6,584,000 (100%) | — | ₹49,380 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹120,000 |
| Retail (Max) | 13 | 20,800 | ₹1,560,000 |
| S-HNI (Min) | 14 | 22,400 | ₹1,680,000 |
| B-HNI (Min) | 67 | 107,200 | ₹8,040,000 |
Financial Statements Amount in Lakhs
| Metric | 30-Sep-21 | 31-Mar-21 | 31-Mar-20 |
|---|---|---|---|
| Revenue | 59,467 | 130,119 | 85,320 |
| Profit After Tax | 1,684 | 2,619 | 1,321 |
| Total Assets | 20,189 | 19,255 | 14,835 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 To Meet Working Capital Requirement – 40.00
- 2 General Corporate Purpose – 4.68
Company Overview
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