MRP Agro Limited IPO (MRP Agro IPO) Detail

Feb 8, 2021 - Feb 10, 2021

Incorporated in 2018, MRP Agro Limited is primarily engaged in trading and import and export of food grains, fly-ash, and coal products. The business follows B2B (Business to Business) Model, in which, it purchases products from the domestic market in bulk through auctions and sells it to wholesalers.

MRP Agro has a local mandi license to purchase food grains from the local market of Tikamgarh, Madhya Pradesh, and also a registered dealer with the Department of Mines & Geology, Government of Jharkhand to buy coal. The company has built a strong trading network in rural and urban areas and maintains the product quality standard through an in-house Quality Inspection Department.

Competitive strengths

  • Strong quality standard and assurance.
  • Large distribution network in urban and rural areas.
  • Highly experienced promoters.

Company Promoters:

Mr. Manish Kumar Jain, Mrs. Raksha Jain, and Manish Kumar Jain HUF are the company promoters.

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 Details

IPO Opening DateFeb 8, 2021
IPO Closing DateFeb 10, 2021
Issue TypeFixed Price Issue IPO
Face Value₹10 per equity share
IPO Price₹40 per equity share
Market Lot3000 Shares
Min Order Quantity3000 Shares
Listing AtBSE SME
Issue Size810,000 Eq Shares of ₹10
(aggregating up to ₹3.24 Cr)
Fresh Issue810,000 Eq Shares of ₹10
(aggregating up to ₹3.24 Cr)

MRP Agro IPO Lot Size

The MRP Agro IPO market lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹120,000).

ApplicationLotsSharesAmount (Cut-off)
Minimum13000₹120,000
Maximum13000₹120,000

MRP Agro IPO Promoter Holding

Pre Issue Share Holding55.82%
Post Issue Share Holding

MRP Agro IPO Subscription Status (Bidding Detail)

The MRP Agro IPO is subscribed 3.21x times on Feb 10, 2021 07:49. The public issue subscribed 4.17x in the retail category, in the QIB category, and 2.66x in the NII category. Check Day by Day Subscription Details (Live Status)

CategoryIPO Subscription
NII

2.66x

RII

4.17x

Total

3.21x

MRP Agro IPO Prospectus

MRP Agro IPO Rating

115
3.2
Rating:Rated 3.2 stars

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MRP Agro IPO Reviews / Ratings

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
   D-153A, 1st Floor,
   Okhla Industrial Area, Phase-I,
   New Delhi -110020

Phone: +91 - 11 - 2681
Email: virenr@skylinerta.com
Website: http://www.skylinerta.com

MRP Agro IPO FAQs

  1. What is MRP Agro IPO?

    MRP Agro IPO is a SME IPO of 810,000 equity shares of the face value of ₹10 aggregating up to ₹3.24 Crores. The issue is priced at ₹40 per equity share. The minimum order quantity is 3000 Shares.

    The IPO opens on Feb 8, 2021, and closes on Feb 10, 2021.

    Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

  2. How to apply in MRP Agro IPO through Zerodha?

    Zerodha customers can apply online in MRP Agro IPO using UPI as a payment gateway. Zerodha customers can apply in MRP Agro IPO by login into Zerodha Console (back office) and submitting an IPO application form.

    Steps to apply in MRP Agro 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 'MRP Agro 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.

  3. When MRP Agro IPO will open?

    The MRP Agro IPO opens on Feb 8, 2021 and closes on Feb 10, 2021.

  4. What is the lot size of MRP Agro IPO?

    MRP Agro IPO lot size is 3000 Shares and the minimum order quantity is 3000 Shares.

  5. How to apply for MRP Agro IPO?

    You can apply in MRP Agro 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.

  6. When MRP Agro IPO allotment?

    The finalization of Basis of Allotment for MRP Agro IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the MRP Agro IPO allotment status.

  7. When is MRP Agro IPO listing date?

    The MRP Agro IPO listing date is not yet announced. The tentative date of MRP Agro IPO listing is [.].

MRP Agro IPO Message Board

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