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KN Agri Resources IPO is a book build issue of ₹49.38 crores. The issue is entirely a fresh issue of 0.66 crore shares of ₹49.38 crore.
KN Agri Resources IPO bidding started from Mar 15, 2022 and ended on Mar 17, 2022. The allotment for KN Agri Resources IPO was finalized on Mar 23, 2022. The shares got listed on NSE SME on Mar 28, 2022.
KN Agri Resources IPO price band is set at ₹75.00 per share . The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,13,600 (1600 shares). The minimum lot size investment for HNI is 2 lots (3,200 shares), amounting to ₹2,40,000.
Hem Securities Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The market maker of the company is Hem Finlease Pvt.Ltd..
Refer to KN Agri Resources IPO RHP for detailed Information.
| IPO Date | March 15, 2022 to March 17, 2022 |
| Listing Date | March 28, 2022 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹71 to ₹75 per share |
| Issue Price Final | ₹75 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 65,84,000 shares (aggregating up to ₹49.38 Cr) |
| Reserved for Market Maker | 3,32,800 shares Hem Finlease Pvt.Ltd. (aggregating up to ₹2.50 Cr) |
| Net Offered to Public | 62,51,200 shares (aggregating up to ₹46.88 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,84,14,910 shares |
| Share Holding Post Issue | 2,49,98,910 shares |
KN Agri IPO offers total 65,84,000 shares. Out of which 31,23,200 (47.44%) allocated to QIB, 12,49,600 (18.98%) allocated to QIB, 9,39,200 (14.26%) allocated to NII, 21,88,800 (33.24%) allocated to RII and 18,73,600 (28.46%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,32,800 (5.05%) |
| QIB Shares Offered | 31,23,200 (47.44%) |
| − Anchor Investor Shares Offered | 18,73,600 (28.46%) |
| − QIB (Ex. Anchor) Shares Offered | 12,49,600 (18.98%) |
| NII (HNI) Shares Offered | 9,39,200 (14.26%) |
| Retail Shares Offered | 21,88,800 (33.24%) |
| Total Shares Offered | 65,84,000 (100.00%) |
KN Agri Resources IPO raises ₹14.05 crore from anchor investors. KN Agri Resources IPO Anchor bid date is March 14, 2022. KN Agri Resources IPO Anchor Investors list
| Bid Date | March 14, 2022 |
| Shares Offered | 18,73,600 |
| Anchor Portion Size (In Cr.) | 14.05 |
| Anchor lock-in period end date for 50% shares (30 Days) | April 22, 2022 |
| Anchor lock-in period end date for remaining shares (90 Days) | June 21, 2022 |
KN Agri Resources IPO opens on March 15, 2022, and closes on March 17, 2022.
| IPO Open Date | Tue, Mar 15, 2022 |
| IPO Close Date | Thu, Mar 17, 2022 |
| Tentative Allotment | Wed, Mar 23, 2022 |
| Initiation of Refunds | Thu, Mar 24, 2022 |
| Credit of Shares to Demat | Fri, Mar 25, 2022 |
| Tentative Listing Date | Mon, Mar 28, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Mar 17, 2022 |
Investors can bid for a minimum of 1,600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹1,20,000 |
| Retail (Max) | 1 | 1,600 | ₹1,20,000 |
| HNI (Min) | 2 | 3,200 | ₹2,40,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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
| Particulars | For the year/period ended (Rs in Lakh) | ||||
|---|---|---|---|---|---|
| 30-Sep-21 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | ||
| Total Assets | 20,189.43 | 19,255.07 | 14,835.30 | 19,466.14 | |
| Total Revenue | 59,467.46 | 130,119.34 | 85,319.66 | 129,246.84 | |
| Profit After Tax | 1,683.92 | 2,618.93 | 1,320.67 | 2,140.47 | |
The market capitalization of KN Agri Resources IPO is ₹187.49 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 5.57 |
The proceeds of the Issue to meet the following objects:
[Dilip Davda] This issue from the FMCG segment is priced lucratively. It has a sound track record except for FY20 where it suffered a setback following a bad calamity. Investors may consider investing in it for short to long term rewards. Read detail review...
| Listing Date | March 28, 2022 |
| BSE Script Code | |
| NSE Symbol | KNAGRI |
| ISIN | INE0KNW01016 |
| Final Issue Price | ₹75 per share |
| BSE Listing Group | ST |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹75.00 |
| Open | ₹153.65 |
| Low | ₹146.00 |
| High | ₹154.00 |
| Last Trade | ₹146.00 |
KN Agri Resources Ltd.
KN Building, Subhash Road,
Ramsagarpara,
Raipur
Chandigarh, Chandigarh, 492001
Email: info@kngroup.in
Website: https://knagri.com/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: knagri.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
KN Agri Resources IPO is a SME IPO of 65,84,000 equity shares of the face value of ₹10 aggregating up to ₹49.38 Crores. The issue is priced at ₹75 per share. The minimum order quantity is 1600.
The IPO opens on March 15, 2022, and closes on March 17, 2022.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in KN Agri Resources IPO using UPI as a payment gateway. Zerodha customers can apply in KN Agri Resources IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in KN Agri Resources IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The KN Agri Resources IPO opens on March 15, 2022 and closes on March 17, 2022.
KN Agri Resources IPO lot size is 1600, and the minimum amount required for application is ₹1,20,000.
You can apply in KN Agri Resources IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for KN Agri Resources IPO will be done on Wednesday, March 23, 2022, and the allotted shares will be credited to your demat account by Friday, March 25, 2022. Check the KN Agri Resources IPO allotment status.
The KN Agri Resources IPO listing date is on Monday, March 28, 2022.
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