Fixed Price IPO | ₹3 Cr | Listed at BSE SME | Mon, Feb 8, 2021 - Wed, Feb 10, 2021
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Mon, Feb 8, 2021
IPO Close
Wed, Feb 10, 2021
Issue Price
₹40 per share
Market Cap (Pre-IPO)
₹11.92 Cr
| IPO Date | 8 to 10 Feb, 2021 |
| Listed on | Thu, Feb 18, 2021 |
| Face Value | ₹10 per share |
| Issue Price | ₹40 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 8,10,000 shares (agg. up to ₹3 Cr) |
| Reserved for Market Maker | 48,000 shares Nikunj Stock Brokers Ltd. (agg. up to ₹0.1920 Cr) |
| Fresh Issue (Ex Market Maker) | 7,62,000 shares (agg. up to ₹3 Cr) |
| Net Offered to Public | 7,62,000 shares (agg. up to ₹3 Cr) |
| Share Holding Pre Issue | 21,69,090 shares |
| Share Holding Post Issue | 29,79,090 shares |
| BSE Script Code | 543262 |
| ISIN | INE0D7801012 |
MRP Agro IPO comprises a total issue size of 8,10,000 shares. The net offer to the public is 7,62,000 shares, after excluding 48,000 shares allotted on a firm basis. Of the Net offer 3,81,000 (50.00%) allocated to NII 3,81,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 3,81,000 | 50.00% | 47.04% |
| Retail Shares Offered | 3,81,000 | 50.00% | 47.04% |
| Firm Reservations | |||
| Market Maker Shares Offered | 48,000 | 5.93% | |
| Total Shares Offered | 8,10,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| 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 |
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
| 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 | 2.50 |
| 2 | General Corporate Purpose | 0.53 |
The MRP Agro IPO is subscribed 3.21 times on February 10, 2021 7:49:00 AM (Day 3). The public issue subscribed 4.17 times in the retail category, [.] times in the QIB category, and 2.66 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 2.66 | 3,81,000 | 10,14,000 |
| Retail | 4.17 | 3,81,000 | 15,90,000 |
| Total | 3.21 | 8,10,000 | 26,04,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including underwriting and selling commissions, brokerages, payment to other intermediaries such as Legal Advisors, Registrars, etc | 0.11 |
| 2 | Printing and Stationery and postage expenses | 0.02 |
| 3 | Advertising and Marketing expenses | 0.02 |
| 4 | Statutory expenses | 0.06 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹40.00 |
| Open | ₹39.75 |
| Low | ₹37.80 |
| High | ₹39.75 |
| Last Trade | ₹37.80 |
Lead Manager Reports
MRP Agro IPO is a SME IPO of 8,10,000 equity shares of the face value of ₹10 aggregating up to ₹3 Crores. The issue is priced at ₹40 per share. The minimum order quantity is 3000.
The IPO opens on Mon, Feb 8, 2021, and closes on Wed, Feb 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 Mon, Feb 8, 2021 and closes on Wed, Feb 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 Thu, Feb 18, 2021.
