KN agri IPO is an agro-based company, involved in the business of solvent extraction & oil refining and trading of various agro-commodities.
KN agri IPO -overview
| IPO Dates | 15-17 March 2022 |
| IPO Price | INR 75 per share |
| Fresh issue | 6,584,000 shares (INR 49.38 crore) |
| Offer For Sale | Nil |
| Total IPO size | 6,584,000 shares (INR 49.38 crore) |
| Minimum bid (lot size) | 1600 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge |
KN agri IPO – Tentative Dates
| IPO Offer Opening Date | 15 March 2022 |
| IPO Closing Date | 17 March 2022 |
| Finalization of Basis of Allotment | 23 March 2022 |
| Initiation of refunds | 24 March 2022 |
| Transfer of shares to demat accounts | 25 March 2022 |
| IPO Listing Date | 28 March 2022 |
| Opening Price on NSE SME | Coming soon |
| Closing Price on NSE SME | Coming soon |
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. The 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.
Strengths:
- Wide Range of Products
- ISO certified company with consistent and standardized product quality
- Huge in-house manufacturing capabilities
- Strategic location of manufacturing units
Objectives of the issue
- Meet issue related expense.
- General Corporate Purpose.
Company Financials
| Particulars | 31-March -21 | 31-March -20 | 31-Mar-19 |
| Total Assets | 19,255.07 | 14,835.30 | 19,466.14 |
| Total Revenue | 130,119.34 | 85,319.66 | 129,246.84 |
| Profit After Tax | 2,618.93 | 1,320.67 | 2,140.47 |
Company Contact Information
KN Agri Resources Limited
KN Building, Subhash Road,
Ramsagarpara,
Raipur 492001
Phone:
Email: info@kngroup.in
Website: https://knagri.com/
Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: knagri.ipo@linkintime.co.in
Website: https://linkintime.co.in/
Lead Manager(s)
- Hem Securities Limited (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
