MRP Agro Limited was established in 2018 and focuses on the import and export of food grains, fly-ash, and coal products, as well as trading. The company’s main business model is B2B, wherein it procures products in bulk from domestic auctions and then sells them to wholesalers. The company has a local mandi license in Tikamgarh, Madhya Pradesh, which enables it to purchase food grains from the local market.
Additionally, MRP Agro is a registered dealer with the Department of Mines & Geology, Government of Jharkhand, which allows it to purchase coal. The company has developed a robust trading network in both rural and urban areas and maintains strict product quality standards through an in-house Quality Inspection Department.
MRP Agro IPO Details
| IPO Date | Feb 8, 2021 to Feb 10, 2021 |
| Listing Date | Feb 18, 2021 |
| Face Value | ₹10 per share |
| Price | ₹40 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 810,000 shares (aggregating up to ₹3.24 Cr) |
| Fresh Issue | 810,000 shares (aggregating up to ₹3.24 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
Industry Overview
The industry has witnessed steady growth in recent years due to increasing demand for food products and energy resources, particularly in emerging markets. The Compound Annual Growth Rate (CAGR) for the trading and import-export industry of food grains, fly-ash, and coal products is projected to be around 4.5% from 2021 to 2026, according to market research reports.
The growth in the industry is primarily driven by the rising population, urbanization, and industrialization, which has led to increased demand for food and energy resources. Moreover, the government initiatives promoting sustainable development and renewable energy sources are expected to drive the growth of the industry in the coming years.
Company Financials
Summary of financial Information (Restated Consolidated)
| 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 |
Objects of the Issue
The key objects of the MRP Agro IPO are as follows:
- To meet working capital requirements.
- To meet general corporate purposes.
- To meet the issue expenditures.
MRP Agro IPO Prospectus
Company Contact Information
MRP Agro Limited
House No. 100, First Floor, Ward No.23,
Infront of Thane Ajak Civil Line Road,
Tikamgarh- 472001
Phone: 91-7683-240342
Email: info@mrpagro.com
Website: http://www.mrpagro.com/
MRP Agro IPO Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: virenr@skylinerta.com
Website: https://www.skylinerta.com/
MRP Agro IPO Lead Manager(s)
- Beeline Broking Ltd (Past IPO Performance)
