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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 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

MRP Agro IPO Date Feb 8, 2021 to Feb 10, 2021
MRP Agro IPO Face Value ₹10 per share
MRP Agro IPO Price ₹40 per share
MRP Agro IPO Lot Size 3000 Shares
Issue Size810,000 shares of ₹10
(aggregating up to ₹3.24 Cr)
Fresh Issue810,000 shares of ₹10
(aggregating up to ₹3.24 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Company PromotersMr. Manish Kumar Jain, Mrs. Raksha Jain, and Manish Kumar Jain HUF are the company promoters.

MRP Agro IPO Lot Size

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

Application Lots Shares Amount
Retail (Min) 1 3000 ₹120,000
Retail (Max) 1 3000 ₹120,000

MRP Agro IPO Promoter Holding

Pre Issue Share Holding 55.82%
Post Issue Share Holding

MRP Agro IPO Review

MAL is in the business of trading which is highly competitive with fragmented unorganized vendors. The issue is at a Maximized Retail Price (MRP) with higher P/E. The company has low bargaining power with customers amidst competition from local and big players and is fully dependent on suppliers for quality products. Considering all these, investors may give a “MISS” to this highly-priced offer. Read detail review...


MRP Agro IPO Subscription Status (Bidding Detail)

The MRP Agro IPO is subscribed 3.21 times on Feb 10, 2021 7:49:00 AM. The public issue subscribed 4.17 times in the retail category, times in the QIB category, and 2.66 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
NII2.66
Retail4.17
Total3.21

MRP Agro IPO Prospectus

MRP Agro IPO Rating

115
3.2
Rating:Rated 3.2 stars
Vote Here ...

MRP Agro IPO Listing Date

Listing Date Thursday, February 18, 2021
BSE Script Code 543262
NSE Symbol
Listing In MT Group of Securities
ISIN INE0D7801012
IPO Price ₹40 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹40.00
₹39.75
₹37.80
₹39.75
₹37.80

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 Review

MRP Agro IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 1
Members 0 0 0

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MRP Agro IPO FAQs

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 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.

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.

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

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

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.

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.

The MRP Agro IPO listing date is on Thursday, February 18, 2021.
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MRP Agro IPO Message Board

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35 Comments

27. IPOANALYSIS |   Link |Feb 18, 2021 7:54:43 PM
As predicted a fraud lead manager and worst fundamentals company. What a combination.
27.3. Dinesh Singh |   Link |Feb 19, 2021 11:43:37 AM
IPO Guru IPO Guru (1000+ Posts, 400+ Likes)
I am really sorry for reading it incorrectly.
27.4. jstm |   Link |Feb 20, 2021 8:35:05 AM
IPO Guru IPO Guru (1300+ Posts, 3200+ Likes)
@ Dinesh
SME IPOs usually never lists in premium. Either they list flat at par +/- 5% or discount and sometimes in 20-25% deep discount.
Avoid all SME IPOs.
Never apply in SME IPOs.
26. IPOANALYSIS |   Link |Feb 18, 2021 1:10:11 AM
Sell.in preopen at whatever price it list. Beeline all issues have been hammered miserably. It increase in begining and then dumped. Please don''t fall in this trap and sell immediately .
25. RohitArorra |   Link |Feb 17, 2021 5:22:56 PM
When is this getting listed also what is NSE symbol for the same ?


Thanks in advance
24. IPOANALYSIS |   Link |Feb 11, 2021 8:59:05 AM
If employees are mad but HNI have non interest it''s a bad IPO.
23. Dinesh Singh |   Link |Feb 10, 2021 4:08:00 PM
IPO Guru IPO Guru (1000+ Posts, 400+ Likes)
Subscribed more than 4 times in retail.
Retailers are mad for the IPO.
Let''s see the listing gain if any.
22. IPOANALYSIS |   Link |Feb 10, 2021 2:12:50 PM
Few retailer trapped now.those who sold application before are only safe.
21. IMTIAZ |   Link |Feb 10, 2021 9:08:06 AM
Mr agro
20. oopsalion |   Link |Feb 10, 2021 12:50:38 AM
I believe we should avoid this IPO. The company simply wants to ride the high tide of the market. Blocking such a huge amount is a wrong presidence being set and SEBI should not allow this, companies are simply taking advantage of the money they will generate to pay off there debts.
20.1. IPOANALYSIS |   Link |Feb 10, 2021 9:06:48 AM
Application whose subscription is shown to create subscription level have been sold . Those who will apply will be caught in this trap and incur losses which will never be recovered.
19. IPOANALYSIS |   Link |Feb 9, 2021 8:05:23 PM
Please check past all issues of beeline. How they managed to get high subscription through application sold before is a big possibility. None of issues is now above issue price. The application applied are lerady paid to increase subscription number which sibtrap for retailer .stay away and don''t burn hands in this. This time huge discount listing
19.1. Nareshkumar |   Link |Feb 10, 2021 2:45:58 PM
Sir u r doing great job
Spreading awareness :-)
18. PrafulJothi |   Link |Feb 9, 2021 2:56:36 PM
Beware of Some ipo . Take necessaryadvise from experts. My amount Rs 112000 is trapped in abonlon industries Some IPO
17. IPOANALYSIS |   Link |Feb 9, 2021 2:34:18 PM
Suppose this list at 20 pc discount to issue price. Now the settings with few individual is done to show subscription to buy their application .In this way company can collect money easily with help of LM
Those who have sold application are the ones who have applied and rest few bakras will lose their capital completely.
16. IPOANALYSIS |   Link |Feb 9, 2021 12:09:56 PM
Fake subscription as always from beeline with internal setting. Now consider who will be ready to buy this scrip which is a trading small company opened in house. Look at their management in prospectus to understand. Please avoid new SME IPO completely. A few who have applied trying their luck for listing gains will have to sell at loss and later no chance of recovery.
15. NSN AT IPO |   Link |Feb 9, 2021 9:19:05 AM
CONCOR stock to see 8 to 12 % sharp increase soon....watch
14. NSN AT IPO |   Link |Feb 9, 2021 9:12:51 AM
Concor to see 8 - 12 % increase soon...watch
13. K joshi |   Link |Feb 8, 2021 10:33:16 PM
Company offer equity @ Rs. 50.00 per shares and Last year profit only Rs. 18 lacs. Again trading company. How we value our investment return is big question
12. TraderAJ |   Link |Feb 8, 2021 9:03:27 PM
I have taken full info about this, my friend lives in same place, there is no as such company
Don''t waste your money
You will regret
11. IPOANALYSIS |   Link |Feb 8, 2021 8:16:34 PM
Just 3 yes old company which has opened unit in a house. They will take easy 3 crore of public money and vanish in few years . Please do not touch such companies with no fundamentals at all
How exchange has allowed to let them open an IPO as this is public HNI and retailer money. A few people who think to apply and exit on day 1 even at loss let them apply in it
10. IPOANALYSIS |   Link |Feb 6, 2021 11:26:05 AM
Trading company .from company address it seems to be at some small house unit
Clearly a case of looting innocent retailer money. Please don''t apply even after looking at subscription as it will be generated fake in many ways nowdays
10.1. MasterProphecy |   Link |Feb 8, 2021 10:40:06 AM
Wonder how SEBI allows these issues! They are so lax and careless innocent investors are looted right from 1970s - Usharectifier, Nisha Synthetics, Gloria Fianance in the 80s / 90s and so many other since then! Totally usless regulator!
9. techuser |   Link |Feb 8, 2021 10:26:33 AM
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
NEVER EVER APPLY IN SME IPO, SAVE YOUR HARD EARNED MONEY.

Most of these are FULLY OPERATOR MANIPULATED companies, they DON''T DO any BUSINESS. On the name of business, they DO MANIPULATION OF STOCK PRICES, and that''s how PROMOTORS MAKE MONEY AND LOOT RETAIL INVESTORS.
8. BHANUTOM |   Link |Feb 7, 2021 3:37:08 PM
Subject to allotment rs 5000 per application