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KN Agri IPO is a book built issue of Rs 49.38 crores. The issue is entirely a fresh issue of 65.84 lakh shares.
KN Agri IPO bidding started from March 15, 2022 and ended on March 17, 2022. The allotment for KN Agri IPO was finalized on Wednesday, March 23, 2022. The shares got listed on NSE SME on March 28, 2022.
KN Agri IPO price band is set at ₹71 to ₹75 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹120,000.
Hem Securities Limited is the book running lead manager of the KN Agri IPO, while Link Intime India Private Ltd is the registrar for the issue. The market maker for KN Agri IPO is Hem Finlease.
Refer to KN Agri IPO RHP for detailed information.
| IPO Date | March 15, 2022 to March 17, 2022 |
| Listing Date | March 28, 2022 |
| Face Value | ₹10 per share |
| Price Band | ₹71 to ₹75 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 6,584,000 shares (aggregating up to ₹49.38 Cr) |
| Fresh Issue | 6,584,000 shares (aggregating up to ₹49.38 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 332,800 shares Hem Finlease |
KN Agri IPO offers 8,457,600 shares. 3,123,200 (36.93%) to QIB, 939,200 (11.10%) to NII, 2,188,800 (25.88%) to RII 1,873,600 (22.15%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 1,873,600 (22.15%) |
| Market Maker Shares Offered | 332,800 (3.93%) |
| QIB Shares Offered | 3,123,200 (36.93%) |
| NII (HNI) Shares Offered | 939,200 (11.10%) |
| Retail Shares Offered | 2,188,800 (25.88%) |
| Total Shares Offered | 8,457,600 (100%) |
KN Agri IPO opens on March 15, 2022, and closes on March 17, 2022.
| IPO Open Date | Tuesday, March 15, 2022 |
| IPO Close Date | Thursday, March 17, 2022 |
| Basis of Allotment | Wednesday, March 23, 2022 |
| Initiation of Refunds | Thursday, March 24, 2022 |
| Credit of Shares to Demat | Friday, March 25, 2022 |
| Listing Date | Monday, March 28, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 17, 2022 |
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹120,000 |
| Retail (Max) | 1 | 1600 | ₹120,000 |
| Lot Size Calculator | |||
The Promoters of our Company are:
| Share Holding Pre Issue | 99.99% |
| Share Holding Post Issue | 73.66% |
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
| Particulars | For the year/period ended (Rs in Lakh) | ||||
|---|---|---|---|---|---|
| 30-Sep-21 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | ||
| Total Assets | 20,189.43 | 19,255.07 | 14,835.30 | 19,466.14 | |
| Total Revenue | 59,467.46 | 130,119.34 | 85,319.66 | 129,246.84 | |
| Profit After Tax | 1,683.92 | 2,618.93 | 1,320.67 | 2,140.47 | |
The market capitalization of KN Agri IPO is Rs 187.49 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 5.57 |
The proceeds of the Issue to meet the following objects:
[Dilip Davda] This issue from the FMCG segment is priced lucratively. It has a sound track record except for FY20 where it suffered a setback following a bad calamity. Investors may consider investing in it for short to long term rewards. Read detail review...
The KN Agri IPO is subscribed 151.90 times on March 17, 2022 5:00:00 PM. 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) |
|---|---|
| QIB | 10.66 |
| NII | 771.64 |
| Retail | 87.52 |
| Total | 151.90 |
| Listing Date | March 28, 2022 |
| BSE Script Code | |
| NSE Symbol | KNAGRI |
| ISIN | INE0KNW01016 |
| Final Issue Price | ₹75 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹75.00 |
| ₹153.65 |
| ₹146.00 |
| ₹154.00 |
| ₹146.00 |
KN Agri Resources Limited
KN Building, Subhash Road,
Ramsagarpara,
Raipur 492001
Phone:
Email: info@kngroup.in
Website: https://knagri.com/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: knagri.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
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KN Agri IPO is a SME IPO of 6,584,000 equity shares of the face value of ₹10 aggregating up to ₹49.38 Crores. The issue is priced at ₹71 to ₹75 per share. The minimum order quantity is 1600 Shares.
The IPO opens on March 15, 2022, and closes on March 17, 2022.
Link Intime India Private 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 IPO using UPI as a payment gateway. Zerodha customers can apply in KN Agri IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in KN Agri IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The KN Agri IPO opens on March 15, 2022 and closes on March 17, 2022.
KN Agri IPO lot size is 1600 Shares, and the minimum amount required is ₹120,000.
You can apply in KN Agri IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for KN Agri IPO will be done on Wednesday, March 23, 2022, and the allotted shares will be credited to your demat account by Friday, March 25, 2022. Check the KN Agri IPO allotment status.
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Based on your past experiences and knowledge :) Request you to share ur view:
Where do you see KN in long term - 400, 500, 700, 1000 or more, to be its deserving level?