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K.P.R. Agrochem Limited IPO (KPR Agrochem IPO) Detail

Incorporated in 2007, Andhra Pradesh based KPR Agrochem Limited is engaged in manufacturing, retailing and distribution activities of agriculture output enhancing and crop yield protection products. The company offers a wide product range including crop nutrients, crop protection, veterinary feed supplements, sulphuric acid and variety of seeds. The company also manufactures sulphuric acid-based chemicals such as oleum and LABSA which are used in synthetic detergents, agrochemicals, pharmaceuticals, and veterinary feed supplement industries.

Some of the branded products offered by the company are: FAST, MOTOX - 10G, SAMRAT ATRAZINE 50% WP, MEGA IMIDA, ABHAYA CAL MIX, APURVA SEEDS, AJAY (14-35-14) and AJAY (20-20-0).

The company has 9 depots at different locations for easy connectivity with nearly 8000 dealers across India. KPR Agrochem also has a chain of Kisan Seva Kendras to directly connect to end customers. The company is a part of the K.P.R. group, which is involved in chemicals, agri-inputs, poultries and rice mills related business.

The company has three manufacturing units located at Balabhadrapuram (Godavari district), Biccavolu (Godavari district), and Koppal district (Karnataka). This agrochem firm also has a waste heat recovery plant at Biccavolu to generate power from the steam residue collected during sulphuric acid production. In addition, it also has a quality control laboratory at:

(i) Biccavolu facility, Andhra Pradesh
(ii) Balabhadrapuram facility, Andhra Pradesh
(iii) Warangal facility, Telangana
(iv) Koppal facility, Karnataka

The competitive strengths of the company are:

 Wide range of agro-input products
 Strong and rapidly growing distribution chain
 Independent raw material sourcing capabilities
 Certified three manufacturing units

Company Promoters:

Papa Reddy Kovvuri, Venkata Mukunda Reddy Karri, Rajasekhar Reddy Kovvuri, Satyanarayana Reddy Kovvuri (S/O. Veeraraghava Reddy Kovvuri), Satyanarayana Reddy Kovvuri (S/O. Ramachandra Reddy Kovvuri) and Cresco Technology LLP are the promoters of the company.

Company Financials:

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. 10 Lakhs)
31-Dec-18 31-Mar-18 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Total Assets 8,179.00 8,239.30 8,573.22 7,970.73 7,296.19 7,105.75 7347.28
Total Revenue 4,620.83 5,720.15 5,564.84 5,529.21 5,738.27 5,929.47 5,621.31
Profit After Tax 265.81 282.56 217.57 234.62 270.31 269.04 142.19

Objects of the Issue:

The Company intends to utilize the Net Proceeds for the following objects ("Objects of the Issue"):

1. Repayment/prepayment, in full or part, of certain borrowings availed by the Company;
2. To meet additional working capital requirement of the Company;
3. General corporate purposes

KPR Agrochem IPO Details

Issue Open
Issue TypeBook Built Issue IPO
Issue Size46,426,229 Eq Shares of Rs 10
(aggregating up to Rs 283.20 Cr)
Fresh Issue34,426,229 Eq Shares of Rs 10
(aggregating up to Rs 210.00 Cr)
Offer for Sale12,000,000 Eq Shares of Rs 10
(aggregating up to Rs 73.20 Cr)
Face ValueRs 10 Per Equity Share
Issue PriceRs 59 - Rs 61 Per Equity Share
Retail Discount3
Employee Discount3
Market Lot200 Shares
Min Order Quantity200 Shares
Listing AtBSE, NSE

KPR Agrochem IPO Tentative Date / Timetable

Bid/Offer Opens On
Bid/Offer Closes On
Finalisation of Basis of AllotmentJul 5, 2019
Initiation of RefundsJul 8, 2019
Credit of Shares to Demat Acct:Jul 9, 2019
IPO Shares Listing Date:Jul 10, 2019

KPR Agrochem IPO Promoter Holding

Pre Issue Share Holding72.02%
Post Issue Share Holding41.3%
QIB Category: Up to 25% of the net issue; NII Category: Not Less Than 35% of the net issue; RII category: Not Less Than 40% of the net issue

IPO Notices

External Link

KPR Agro IPO withdrawn

Date: June 27, 2019

The Rs 283.20 Cr proposed public issue of KPR Agro has been withdrawn for unknown reasons. The IPO was planned to open on June 28, 2019.

KPR Agrochem IPO Prospectus

KPR Agrochem IPO Rating

396
3.9
Rating:Rated 3.9 stars

Vote Here ...

Company Contact Information

K.P.R. Agrochem Limited
Door No. 8-256,
Tata Nagar, Balabhadrapuram-533 343
Andhra Pradesh, India

Phone: +91 8857 237 367/236 767
Email: ipo@kprgroup.net
Website: http://www.kpragrochem.com/

KPR Agrochem IPO Registrar

Karvy Computershare Private Limited
   Karvy Registry House, 8-2-596, St. No. 1,
   Banjara Hills, Hyderabad - 500 034
   Andhra Pradesh, India

Phone: +91-40-23312454
Email: kpragrochem.ipo@karvy.com
Website: https://karisma.karvy.com/

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KPR Agrochem IPO Review / Comments

Carn Mohan
38. Carn Mohan  Jul 5, 2019 19:12 I Like It. | Report Abuse Reply
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
I think its fair value below ₹10 therefore IPO withdraw.
MITTAL
37. MITTAL  Jun 24, 2019 18:31 I Like It. 11 | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
ध्यान दें
सालाना बिक्री लगभग 56करोड
सालाना लाभ लगभग 2.18 करोड़
कुल इश्यू 283 करोड़
विचार करे 100 साल का लाभ एक बार मे
क्या 56करोड़ की बिक्री 5600 करोड़ हो जाएगी
सावधान रहे वर्ना ढूंढते रह जाएंगे
MITTAL
37.1. MITTAL  Jun 28, 2019 13:34 I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
सब बच गए
ManishS
37.2. ManishS  Jun 28, 2019 17:05 I Like It. 3 | Report Abuse
PAT is 26.58 cr. ........
dekh le bhai pahle acheche se
dpcdsl
36. dpcdsl  Jun 28, 2019 13:07 I Like It. | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
The reason may be, on the day of 'anchor's allotment', issue is withdrawn means QIB is not satisfied for subscription. Unless and until allotment of 90% of 'anchor's portion' is subscribed and anchors' list submitted to exchanges, IPO can't go ahead.
SKGKOL
35. SKGKOL  Jun 27, 2019 20:32 I Like It. | Report Abuse Reply
The ipo is withdrawn due to unknown reason
deepcdsl
34. deepcdsl  Jun 27, 2019 19:28 I Like It. | Report Abuse Reply
Nothing is there to apply in this company...sub broker house Ne already avoid bola that...gmp was fake... inside news...no any qib / hni was interested...anchor application kuch aaye hi nahi...rii lucky that this is already withdraw...
Kuch forum member gmp dekhake kush ho jate hai...kuch to apply karate samay 1 lot apply karte hai..our Baki logo ko apply karate ki Sala dete hai...
Dinesh Singh
33. Dinesh Singh  Jun 27, 2019 14:08 I Like It. 1 | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts)
The subscription figure of this IPO will be the same as India Mart.
Please ready with cash.
deepcdsl
33.1. deepcdsl  Jun 27, 2019 19:07 I Like It. | Report Abuse
Already withdraw...shayad Len den ka chakkar jama nahi... promoter and lm me bich...
KING VINOD
32. KING VINOD  Jun 27, 2019 16:23 I Like It. 4 | Report Abuse Reply
IPO Guru IPO Guru (1000+ Posts, 2100+ Likes)
K.P.R. AgroChem Ltd IPO withdrawn for unknown reasons. Reason will get know by tomorrow.
rahsut
31. rahsut  Jun 27, 2019 14:10 I Like It. 1 | Report Abuse Reply
as per bseindia, https://www.bseindia.com/markets/publicIssues/DisplayIPO.aspx?id=1917&type=IPO&idtype=1&status=F&IPONo=3994&startdt=6/28/2019

As Informed by Company, the said issue of KPR Agro Ltd has been withdrawn with immediate effect.
MEdge
31.1. MEdge  Jun 27, 2019 14:41 I Like It. 4 | Report Abuse
Top Contributor Top Contributor (400+ Posts, 500+ Likes)
we can't expect more from this poor LM
GrowYourMoney
30. GrowYourMoney  Jun 27, 2019 13:57 I Like It. 1 | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
Heard KPR IPO withdrawn
IPO ANALYSTS 📣
29. IPO ANALYSTS 📣  Jun 27, 2019 13:15 I Like It. 1 | Report Abuse Reply
I have Internet banking, I can apply in IPO using net banking ASBA after july 1 also (without worrying for UPI id) but the question is can i apply 5 IPO from single net banking?
ammubutter
28. ammubutter  Jun 27, 2019 13:01 I Like It. 1 | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
May be we can expect positive listing.......budget may focus on agri sector......GMP according to ipo watch 5 -6 rs
ipoking in
27. ipoking in  Jun 25, 2019 13:12 I Like It. | Report Abuse Reply
SEBI ના નીયમ મુજબ, 1st July, 2019 થી કોઈ પણ IPO માં 2લાખ થી નીચેની રકમની અરજી કરવા માટે UPI ID (Unified Payments Interface) આપવું ફરજીયાત બનાવવામાં આવ્યું છે. જેની ખાસ નોંધ લેવી. Team - IPO king.
JIG VAS
27.1. JIG VAS  Jun 27, 2019 12:01 I Like It. | Report Abuse
Is this rule notified now? Without Debit Card, its not possible to register UPI PIN. Any one has idea, if we dont have ATM / Debit card, how to register in UPI?
KING VINOD
26. KING VINOD  Jun 25, 2019 18:07 I Like It. 7 | Report Abuse Reply
IPO Guru IPO Guru (1000+ Posts, 2100+ Likes)
GMP 5 - 6
Kostak 800/-
vreddy
26.1. vreddy  Jun 27, 2019 10:34 I Like It. | Report Abuse
Hi kiNg!

What's your view on kpr agro? It's easy to get allotted it seems as it's 40℅ allocated for RII.

But do you think it's possible to get some listing gains here?
KING VINOD
26.2. KING VINOD  Jun 27, 2019 11:12 I Like It. 1 | Report Abuse
IPO Guru IPO Guru (1000+ Posts, 2100+ Likes)
Expecting Mostly Positive Listing. Lets wait and see 2 days of subscription numbers and will take a decision last day of IPO Close. Mostly i am going to apply for minimum lots in this KPR Agrochem IPO
Niel Sony
25. Niel Sony  Jun 26, 2019 13:48 I Like It. 1 | Report Abuse Reply
Hi I have purchased 1 equity share of Paytm from this site buysellunlistedshares.com Warren buffet has recently invested in this company and can become good multibagger.
JustIPO
25.1. JustIPO  Jun 26, 2019 15:08 I Like It. 20 | Report Abuse
Which weed dude?
amanwa
24. amanwa  Jun 26, 2019 02:06 I Like It. | Report Abuse Reply
Dear Admin,

Could you please check if the revenue and profit figure given here is correct? I think use of LAKH is incorrect.
Team Chittorgarh.com
24.1. Team Chittorgarh.com  Jun 26, 2019 10:46 I Like It. | Report Abuse
Thank you for your kind feedback. The error is resolved.

Thank you,

Chittorgarh.com Admins

NewUPI Payment Option for IPO Application Explained

KAUSHIKI
23. KAUSHIKI  Jun 16, 2019 21:15 I Like It. 6 | Report Abuse Reply
From my more than 20 years of experiences in the IPO market, I am assuring the investors that, investment in IPOs is the best from the view point of the shareholders as they can get the shares at its discounted prices since the promoters issue it as a promotional price and as well as from the promoters also since they can accumulate a huge amt. of capital in a very short time provided the issue price is very much attractive for the retail shareholders and If the stock performs well after listing, they can get the benefit of that increase in price on the remaining shareholding, which improves their overall returns,

Pl. note that, one of the main reason of failure of IPOs is their high Price Band due to the greediness of the promoters.

This is to further inform you that, most IPOs get success in the bull run and this will definitely continue upto 2024, due to PLG (Privatisation, Liberlisation and Globalisation) Policy of this stable Govt.

Year wise IPOs list from 2007 to 2019
Yr.      No. of IPOs      Issue Succeeded
2007      108      104
2008      39      36
2009      22      21
2010      66      64
2011      40      37
2012      13      11
2013      5      3
2014      7      5
2015      21      21
2016      27      26
2017      38      38
2018      25      24
2019      7      7
       418      397

So, From the above table it is clearly seen, the success rate of an IPO. In 2013, it is minimum (60%) and 2015, 2017 and 2019 it is maximum (100%). Most of the IPOs get success in the bull run and there is a long pipeline of upcoming IPOs (at least 100 IPOs are waiting) due to stability of the Govt. and its economic reforms. Moreover, in 2018 India is no. 2 in issuing IPOs all over the world and in the Q1 of 2019 our country is no. 1 regarding this matter.

So, be ready to invest in IPOs, Happy investing.

N.B According to NITI Aayog, at least 94 CPSEs are ready for Disinvestment through IPOs including BSNL & LIC. and many more will be included in the list.
Prabahar P M
23.4. Prabahar P M  Jun 24, 2019 18:11 I Like It. 7 | Report Abuse
I think you only counted the subscription figure. If so, all IPO's are successful. We investors always want to try our luck. But if you take the listing gain or current price, almost 50% IPO's are flop. Dont give false information to the board.
KAUSHIKI
23.5. KAUSHIKI  Jun 25, 2019 15:29 I Like It. 4 | Report Abuse
Dear Friends, I got the list from chittorgarh.com which is one of the best website for IPO information. Moreover, I made a huge loss in the secondary market by following the advice of my broker and had recovered a small portion of it by investing in IPOs like Bandhan Bank, PNBHF, etc. So, I am in favour of the IPOs. Moreover, I do not have any intention to misguide anybody rather than I wanted to help all by sharing my experiences in the primary market. thanks,
Kalpeshraja
22. Kalpeshraja  Jun 25, 2019 15:16 I Like It. | Report Abuse Reply
Good Agri business. Consistant profit for more than 20 crores last 5 years. Good promoter subscribe as much as possible. Dont miss maximum opportunity available for profit.
Kalpeshraja
21. Kalpeshraja  Jun 24, 2019 23:29 I Like It. 1 | Report Abuse Reply
Subscribe IPo of KPR AGROCHEM LIMITED as there is application form price rs. 800 -850. I think it will listed rs.100 easily
Devenblt
21.1. Devenblt  Jun 25, 2019 14:15 I Like It. 1 | Report Abuse
Which city this rate
MEdge
20. MEdge  Jun 25, 2019 11:57 I Like It. 5 | Report Abuse Reply
Top Contributor Top Contributor (400+ Posts, 500+ Likes)
poor LM
GOOD to skip.
Shekhardesai
19. Shekhardesai  Jun 24, 2019 23:56 I Like It. 1 | Report Abuse Reply
It is available at discounted price. Subscribe with full force for maximum profit. It is surely listed between rs.90 to rs. 100. Subscribe for immediately 50% return in just 10 days



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