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KN Agri Resources Limited IPO (KN Agri IPO) Detail

Mar 15, 2022 - Mar 17, 2022

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

  1. Wide Range of Products
  2. ISO certified company with consistent and standardized product quality
  3. Huge in-house manufacturing capabilities
  4. Strategic location of manufacturing units

Company Financials

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (Rs in Lakh)
ย  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

Objects of the Issue

The proceeds of the Issue to meet the following objects:

  1. To meet Working Capital requirements
  2. General Corporate Purpose
  3. To meet issue expenses

KN Agri IPO Details

KN Agri IPO Date Mar 15, 2022 to Mar 17, 2022
KN Agri IPO Face Value ₹10 per share
KN Agri IPO Price ₹71 to ₹75 per share
KN Agri IPO Lot Size 1600 Shares
Issue Size6,584,000 shares of ₹10
(aggregating up to ₹49.38 Cr)
Fresh Issue6,584,000 shares of ₹10
(aggregating up to ₹49.38 Cr)
Issue Type Book Built Issue IPO
Listing At NSE SME
QIB Shares OfferedNot more than 50%
Retail Shares OfferedNot less than 35%
NII (HNI) Shares OfferedNot less than 15%
Company Promoters

The Promoters of our Company are:

  1. Vijay Shrishrimal;
  2. Sanjay Shrishrimal;
  3. Dhirendra Shrishrimal;
  4. N.Resources Private Limited;
  5. Anant Trafina Private Limited and
  6. Anant Counter Trade Private Limited

KN Agri IPO Timeline (Tentative Timetable)

KN Agri IPO opens on Mar 15, 2022, and closes on Mar 17, 2022. The KN Agri IPO bid date is from Mar 15, 2022 10.00 A.M. to Mar 17, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.

Event Date
KN Agri IPO Opening Date Mar 15, 2022
KN Agri IPO Closing Date Mar 17, 2022
Basis of Allotment Mar 23, 2022
Initiation of Refunds Mar 24, 2022
Credit of Shares to Demat Mar 25, 2022
KN Agri IPO Listing Date Mar 28, 2022

KN Agri IPO Lot Size

The KN Agri IPO lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹120,000).

Application Lots Shares Amount
Minimum 1 1600 ₹120,000
Maximum 1 1600 ₹120,000

KN Agri IPO Promoter Holding

Pre Issue Share Holding 99.99%
Post Issue Share Holding 73.66%

KN Agri IPO Review

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...


KN Agri IPO Subscription Status (Bidding Detail)

The KN Agri IPO is subscribed 151.90 times on Mar 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)

CategorySubscription (times)
QIB10.66
NII771.64
Retail87.52
Total151.90

KN Agri IPO Prospectus

KN Agri IPO Rating

544
4.4
Rating:Rated 4.4 stars
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KN Agri IPO Listing Date

Listing Date Monday, March 28, 2022
BSE Script Code
NSE Symbol KNAGRI
Listing In ST Group of Securities
ISIN INE0KNW01016
IPO Price ₹75 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
NSE SME
IPO Price: ₹75.00
Open: ₹153.65
Low: ₹146.00
High: ₹154.00
Last Trade: ₹146.00

Company Contact Information

KN Agri Resources Limited
KN Building, Subhash Road,
Ramsagarpara,
Raipur 492001
Phone:
Email: info@kngroup.in
Website: https://knagri.com/

KN Agri IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: knagri.ipo@linkintime.co.in
Website: https://linkintime.co.in/

KN Agri IPO Review

KN Agri IPO Recommendation Summary

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Brokers 1 0 0
Members 0 0 0

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IPO Broker Recommendations

KN Agri IPO FAQs

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 Mar 15, 2022, and closes on Mar 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

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'KN Agri IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The KN Agri IPO opens on Mar 15, 2022 and closes on Mar 17, 2022.

KN Agri IPO lot size is 1600 Shares and the minimum order quantity is .

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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for KN Agri IPO will be done on Mar 23, 2022, and the allotted shares will be credited to your demat account by Mar 25, 2022. Check the KN Agri IPO allotment status.

The KN Agri IPO listing date is on Monday, March 28, 2022.
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KN Agri IPO Message Board

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912 Comments

391. Kundan Mishra |   Link |Apr 11, 2022 4:03:56 PM
@MRavi Sir,
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?
391.1. MRavichandran |   Link |Apr 11, 2022 7:31:45 PM
IPO Guru IPO Guru (1400+ Posts, 1800+ Likes)
@Kundan Mishra,
As you may be aware, my initial high range prediction for listing was 300, but it listed low and 2 LC. (it allowed me to buy 3 lots like many others as I did not apply here, gone FF in Swaraj).

Still my near term target is 300, and long term is minimum 500, if the results are supportive. I am very optimistic now as the latest craze on FMCG's (Ruchi and AWL)

Thanks
391.2. Kundan Mishra |   Link |Apr 11, 2022 9:05:07 PM
@MRavi sir,
Tysm for your reply sir.
Noted for best use.
390. Yuchiro |   Link |Apr 8, 2022 9:49:45 AM
Last day of 5 percent circuit and there is decent amount buying and that too at upper circuit ..... 2 market makers..... On Monday either loss or gain would be high .... Any idea like which way the share will go?
390.1. Neeraj Kumar |   Link |Apr 10, 2022 10:04:34 PM
Certainly UC 20%. All small gainers have already left. One bulk deal also happened. Now maximize investors are in buying range of 170. So there can't be heavy selling before 220
389. High Flyer |   Link |Apr 9, 2022 5:40:38 PM
After Bombay Matrics I got 1 lot from IPO and I bot another lot at 165 and from Monday onwards circuit revised to 20% comes under M group, intraday allowed but KN Agri is the one of few companies given very good appreciation because of its sales achieved for 6 months Rs 645 Crs and EPS will be around 14 per share FY 2022 @ 20 PE it should trade around Rs 280/- per share
388. PramodNaik |   Link |Apr 8, 2022 5:16:18 PM
Hello Friends..is circuit going to change from Monday ...Holding one lot..any strategy to apply trailing Stop.loรŸs..
387. Yuchiro |   Link |Apr 6, 2022 10:26:50 AM
Why is there so much volatility in KN Agri? .....daily so much of seeking and still hitting the UC by end of day.....
387.7. Venkatram |   Link |Apr 11, 2022 1:33:07 PM
Top Contributor Top Contributor (200+ Posts)
Yes @Lokes, Happy to see it come to 220 on the first day of 20% circuit and it avoided the circuit, hoping for steady gains now. Hope there is a nice result around the corner which will help it reach 300+.
387.8. Dinesh Singh |   Link |Apr 11, 2022 3:48:34 PM
IPO Guru IPO Guru (1000+ Posts, 400+ Likes)
locked at UC with higher volumes.
Now it will go above 300+ level soon.
386. JAI MATA DI |   Link |Apr 6, 2022 10:39:28 PM
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
Bulk deals in KN AGRI. 05/04/2022 NEW BERRY CAPITAL PVT LTD. BUY. 131200 PRICE 176.26. Good for long term.
385. Venkatram |   Link |Apr 2, 2022 12:14:21 PM
Top Contributor Top Contributor (200+ Posts)
Nice announcement by the company of foray into ethanol and clean fuels.
Nice move. Stock will soon be on a rocket mode.
384. PramodNaik |   Link |Apr 1, 2022 10:18:01 AM
Jai Mata Di ...Today i took one lot
384.1. Kundan Mishra |   Link |Apr 1, 2022 10:21:29 AM
Great
384.2. JAI MATA DI |   Link |Apr 1, 2022 11:31:16 PM
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
Although you enter at high rate but this is Jem for long term . If market support then My ๐ŸŽฏ in one year is 500. Hold it .this is not for sale. At this rate It is available at PE of only 11. If see other players in market available at more than 20 PE. So my short term Target is 285--315.
383. BUMBLEBEE |   Link |Mar 29, 2022 10:54:29 AM
@Lokes @GJ and others
Can you please suggest whether buying KN agri at this price worthy?
383.11. Noorul |   Link |Mar 31, 2022 11:37:19 AM
@ m.k. Enjoy the cash mate.. after all pocket full of money gives ultimate pleasure ๐Ÿ˜‰
383.12. DINESH KR |   Link |Mar 31, 2022 12:47:28 PM
@ IPOANALYSIS - Dear Brother, agar Lokes Ji ko exit hi karna hoga to upper circuit me hi exit kar sakte hai naa easily, why will he wait for LC.
382. Denim |   Link |Mar 31, 2022 10:35:23 AM
KN AGRI OR NUPUR which is better for long term vision?
381. Kundan Mishra |   Link |Mar 28, 2022 11:26:04 AM
Bought 1 lot @ 146.

@ MRavi sir, did you accumulate today?
381.7. Kundan Mishra |   Link |Mar 31, 2022 7:20:57 AM
@MRavi Sir,

Great.
I'm sure, you will hold long and accumulate more. Kindly keep us posted.

Please throw some light on Precision. I read you say, you added more on dips and it can double from these levels. Currently, its a great opportunity to add. I too believe the same and wish to add 2 lots.
381.8. WealthyRam |   Link |Mar 31, 2022 8:55:14 AM
Why ICICIDIRECT not showing in list when i wanted to place an order? Hiw do I place order for SME?
380. JAI MATA DI |   Link |Mar 28, 2022 4:30:48 PM
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
@ MRAVI BHAI. Sold 3 lots in pre-open 153.65 and hold one lot for 2--3,years. Listing as per grey market. Huge loss to NII who aply with funding. One thing common in listing of IPO is where GMP more than NII funding cost the listing would be super duper. And where the GMP is less than funding cost then listing would be not good. For example MAP MY INDIA funding cost more than GMP listing not well . MedPlus funding cost less then GMP give super listing and AWL also have GMP less than funding cost results we saw a negetive listing. This also applies in KN AGRI.
380.7. Avenue |   Link |Mar 30, 2022 11:22:38 AM
Both view points are OK,
one is short term goal and second is long term goal.
380.8. MRavichandran |   Link |Mar 30, 2022 9:47:48 PM
IPO Guru IPO Guru (1400+ Posts, 1800+ Likes)
@M.K.
Could be a good decision, it depends on individual as @avenue said. If it may go few UC and we dont want to enter again (thats the reason, I normally hold for long term).

Thanks
379. Abby |   Link |Mar 30, 2022 2:31:38 PM
how can we know who all QIBs applied in this issue. Any source?
378. Kundan Mishra |   Link |Mar 30, 2022 10:06:20 AM
Bought 1 lot @ 131.8. No turning back.
378.1. Ravu |   Link |Mar 30, 2022 11:40:24 AM
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
Good timing
378.2. Kundan Mishra |   Link |Mar 30, 2022 12:56:11 PM
@Ravu Sir,
Tysm
377. Noorul |   Link |Mar 30, 2022 10:40:19 AM
When Kn agri hits the upper circuit , point to b noted that at a same time shighan hits the lower circuit.. just a transfer of fund from big operators.
377.1. snipperRaj |   Link |Mar 30, 2022 10:58:20 AM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
@noorul...good catch..
and wild guess- name is anantagg ;)...highly invested in shigan and kn agri..
exit from shigan at good price and entered more at lower at KN agri.

Anyways congrats and good luck to all , wave has turned from LC to UC..and hope it will continue now
376. Deepblue |   Link |Mar 30, 2022 10:22:17 AM
Uc !
375. Trueinfo |   Link |Mar 30, 2022 10:14:41 AM
IPO Mentor IPO Mentor (500+ Posts, 600+ Likes)
Upper circuit at 145.60
374. M.K. |   Link |Mar 30, 2022 10:05:37 AM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Circuit Opens
373. lokes |   Link |Mar 28, 2022 10:13:40 AM
IPO Guru IPO Guru (3200+ Posts, 3400+ Likes)
Bought 1 lot at 146 for longer term......now looks like wrong decision.
its too much selling pressure now and there are more sell orders due to fear.
Market are negative today but still shouldn't impacted this much on both kn agri and swaraj.....from next time, we will lower our expectations, else operator will play like this only and will create fear.
373.16. Vinny |   Link |Mar 29, 2022 5:58:32 PM
everything happens for good...this bear market and bad listing for sme stocks will bring a realty check for all (incl me) who feels that sme stocks are gateway to quick money and ignore the underlying risk which comes with these stocks. Henceforth, people will be more cautious and diligent before applying in these IPOs. I wish we all make money in the end.

PS: not holding KN...but still holding Precision, Prevest & SS.
373.17. lokes |   Link |Apr 4, 2022 11:53:39 PM
IPO Guru IPO Guru (3200+ Posts, 3400+ Likes)
finally it has performed good in last 3-4 sessions and crossed listing price even. So whoever bought in listing or later at LC are having enough profits now.
I am still holding it as informed i bought for longer term. Whoever holding can have some stoplosses near buy price if holding and better to hold for some months to see the momentum.
372. abp invesc |   Link |Mar 29, 2022 1:15:19 PM
Why this stock is coming down. If the stock has to behave like this then what is the use of such a high subscription. Stay away from highly subscribed IPO's let the dust settle and take your call