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MRP Agro IPO is a fixed price issue of ₹3.24 crores. The issue is entirely a fresh issue of 0.08 crore shares of ₹3.24 crore.
MRP Agro IPO bidding started from Feb 8, 2021 and ended on Feb 10, 2021. The shares got listed on BSE SME on Feb 18, 2021.
MRP Agro IPO price is ₹40.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (3000 shares). The minimum lot size investment for HNI is 2 lots (6,000 shares), amounting to ₹2,40,000.
Beeline Broking Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Nikunj Stock Brokers Ltd..
Refer to MRP Agro IPO RHP for detailed Information.
| IPO Date | February 8, 2021 to February 10, 2021 |
| Listing Date | February 18, 2021 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹40 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 8,10,000 shares (aggregating up to ₹3.24 Cr) |
| Reserved for Market Maker | 48,000 shares Nikunj Stock Brokers Ltd. (aggregating up to ₹0.1920 Cr) |
| Net Offered to Public | 7,62,000 shares (aggregating up to ₹3.05 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 21,69,090 shares |
| Share Holding Post Issue | 29,79,090 shares |
MRP Agro IPO offers total 8,10,000 shares. Out of which 3,81,000 (47.04%) allocated to NII, 3,81,000 (47.04%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 48,000 (5.93%) |
| NII (HNI) Shares Offered | 3,81,000 (47.04%) |
| Retail Shares Offered | 3,81,000 (47.04%) |
| Total Shares Offered | 8,10,000 (100.00%) |
MRP Agro IPO opens on February 8, 2021, and closes on February 10, 2021.
| IPO Open Date | Mon, Feb 8, 2021 |
| IPO Close Date | Wed, Feb 10, 2021 |
| Tentative Listing Date | Thu, Feb 18, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Feb 10, 2021 |
Investors can bid for a minimum of 3,000 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 | 3,000 | ₹1,20,000 |
| Retail (Max) | 1 | 3,000 | ₹1,20,000 |
| HNI (Min) | 2 | 6,000 | ₹2,40,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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
| Particulars | For the year/period ended (₹ in lakh) | ||||
|---|---|---|---|---|---|
| 30-Sept-20 | 31-Mar-20 | 31-Mar-19 | |||
| Total Assets | 430.09 | 218.44 | 261.86 | ||
| Total Revenue | 857.07 | 3634.51 | 1873.31 | ||
| Profit After Tax | 14.24 | 18.90 | 11.96 | ||
The key objects of the MRP Agro IPO are as follows:
[Dilip Davda] MAL is in the business of trading which is highly competitive with fragmented unorganized vendors. The issue is at a Maximized Retail Price (MRP) with higher P/E. The company has low bargaining power with customers amidst competition from local and big players and is fully dependent on suppliers for quality products. Considering all these, investors may give a “MISS†to this highly-priced offer. Read detail review...
| Listing Date | February 18, 2021 |
| BSE Script Code | 543262 |
| NSE Symbol | |
| ISIN | INE0D7801012 |
| Final Issue Price | ₹40 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹40.00 |
| Open | ₹39.75 |
| Low | ₹37.80 |
| High | ₹39.75 |
| Last Trade | ₹37.80 |
MRP Agro Ltd.
House No. 100,
First Floor, Ward No.23,
Infront of Thane Ajak Civil Line Road,
Tikamgarh, Madhya Pradesh, 472001
Phone: 91-7683-240342
Email: info@mrpagro.com
Website: http://www.mrpagro.com/
Skyline Financial Services Pvt.Ltd.
Phone: 02228511022
Email: virenr@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
MRP Agro IPO is a SME IPO of 8,10,000 equity shares of the face value of ₹10 aggregating up to ₹3.24 Crores. The issue is priced at ₹40 per share. The minimum order quantity is 3000.
The IPO opens on February 8, 2021, and closes on February 10, 2021.
Skyline Financial Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in MRP Agro IPO using UPI as a payment gateway. Zerodha customers can apply in MRP Agro IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in MRP Agro IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The MRP Agro IPO opens on February 8, 2021 and closes on February 10, 2021.
MRP Agro IPO lot size is 3000, and the minimum amount required for application is ₹1,20,000.
You can apply in MRP Agro 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 MRP Agro IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the MRP Agro IPO allotment status.
The MRP Agro IPO listing date is on Thursday, February 18, 2021.
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