Bookbuilding IPO | ₹49 Cr | Listed at NSE SME | Tue, Mar 15, 2022 - Thu, Mar 17, 2022
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 per share. The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,20,000 (1600 shares) (based on upper price). The minimum lot size for investment in 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 Open
Tue, Mar 15, 2022
IPO Close
Thu, Mar 17, 2022
Issue Price
₹75 per share
Market Cap (Pre-IPO)
₹187.49 Cr
| IPO Date | 15 to 17 Mar, 2022 |
| Listed on | Mon, Mar 28, 2022 |
| Face Value | ₹10 per share |
| Price Band | ₹71 to ₹75 |
| Issue Price | ₹75 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 65,84,000 shares (agg. up to ₹49 Cr) |
| Reserved for Market Maker | 3,32,800 shares Hem Finlease Pvt.Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 62,51,200 shares (agg. up to ₹47 Cr) |
| Net Offered to Public | 62,51,200 shares (agg. up to ₹47 Cr) |
| Share Holding Pre Issue | 1,84,14,910 shares |
| Share Holding Post Issue | 2,49,98,910 shares |
| NSE Symbol | KNAGRI |
| ISIN | INE0KNW01016 |
KN Agri Resources IPO comprises a total issue size of 65,84,000 shares. The net offer to the public is 62,51,200 shares, after excluding 3,32,800 shares allotted on a firm basis. Of the Net offer 31,23,200 (49.96%) are allocated to QIB, 9,39,200 (15.02%) allocated to NII 21,88,800 (35.01%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 31,23,200 | 49.96% | 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 | 15.02% | 14.26% |
| Retail Shares Offered | 21,88,800 | 35.01% | 33.24% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,32,800 | 5.05% | |
| Total Shares Offered | 65,84,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,600 shares and in multiples thereof.
| 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 |
KN Agri Resources IPO raises ₹14.05 crore from anchor investors. KN Agri Resources IPO Anchor bid date is March 14, 2022.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, Mar 14, 2022 |
| Shares Offered | 18,73,600 |
| Anchor Portion (₹ Cr.) | 14.05 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, Apr 22, 2022 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Jun 21, 2022 |
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
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To Meet Working Capital Requirement | 40.00 |
| 2 | General Corporate Purpose | 4.68 |
| KPI | |
|---|---|
| ROE | 16.51% |
| ROCE | 24.98% |
| Debt/Equity | 0.14 |
| RoNW | 16.51% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 14.22 | |
| P/E (x) | 5.57 | |
| Promoter Holding | 99.99% | 73.66% |
| Market Cap | ₹187.49 Cr. |
The KN Agri IPO is subscribed 151.9 times on March 17, 2022 5:00:00 PM (Day 3). The public issue subscribed 87.52 times in the retail category, 10.66 times in the QIB category, and 771.64 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 10.66 | 31,23,200 | 3,33,04,000 |
| NII* | 771.64 | 9,39,200 | 72,47,21,600 |
| Retail | 87.52 | 21,88,800 | 19,15,61,600 |
| Total | 151.9 | 62,51,200 | 94,95,87,200 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manger Fees (including underwriting commission and all other fees by whatever name called) | 4.14 |
| 2 | Fees Payable to Registrar to the Issue | 0.02 |
| 3 | Fees payable to the Legal Advisors | 0.04 |
| 4 | Advertising Expense | 0.22 |
| 5 | Fee payable to NSDL, CDSL and NSE | 0.07 |
| 6 | Printing and distribution of stationery | 0.05 |
| 7 | Miscellaneous | 0.17 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹75.00 |
| Open | ₹153.65 |
| Low | ₹146.00 |
| High | ₹154.00 |
| Last Trade | ₹146.00 |
Lead Manager Reports
KN Agri Resources IPO is a SME IPO of 65,84,000 equity shares of the face value of ₹10 aggregating up to ₹49 Crores. The issue is priced at ₹75 per share. The minimum order quantity is 1600.
The IPO opens on Tue, Mar 15, 2022, and closes on Thu, Mar 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 Tue, Mar 15, 2022 and closes on Thu, Mar 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 Fri, Mar 25, 2022. Check the KN Agri Resources IPO allotment status.
The KN Agri Resources IPO listing date is on Mon, Mar 28, 2022.
