Keventer Agro IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: May 16, 2022Let’s have a detailed review of the company and analytics of the Keventer Agro IPO release date, IPO offer price, subscription, Keventer Agro Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 5 |
| Price Band | Rs [●] |
| Listing At | BSE, NSE |
| Min. Order Quantity | NA |
| Listing Date | NA |
| Offer for Sale | Rs Million |
| Fresh Issue | Rs 3,500 Million |
| IPO Size | Rs Million |
| Tick Size | 1 |
Keventer Agro IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
Keventer Agro IPO – Summary
They are a leading fast-moving consumer goods (“FMCG”) company headquartered out of Kolkata with interests in packaged, dairy, and fresh food products.
Their comprehensive range of products spans across various brands and categories with more than 90 SKUs as of March 31, 2021, and a presence across the value chain in the fresh, frozen, and ambient long-shelf-life food product categories.
The Promoter of this company is MAYANK JALAN, KEVENTER GLOBAL PRIVATE LIMITED, MKJ DEVELOPERS LIMITED, EDWARD KEVENTER PRIVATE LIMITED, KEVENTER CAPITAL LIMITED, SARVESH HOUSING PROJECTS PRIVATE LIMITED AND SPEEDAGE TRADE LIMITED.
The lead manager to the issue is ICICI Securities Limited, Axis Capital Limited, and JM Financial Limited, and the Registrar to this issue is Link Intime India Private Limited.
Keventer Agro IPO Date
The opening and the closing date of Keventer Agro IPO are not available yet.
Check out Related IPO Links:
| Keventer Agro IPO GMP |
| Allotment – Keventer Agro IPO |
Keventer Agro IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – | ||||
| 2nd Day – | ||||
| 3rd Day – | ||||
| Shares Offered or Net Issue |
The shares subscribed by the public will be updated here.
Check Keventer Agro IPO LIVE Subscription
- Keventer Agro IPO LIVE Bid details on BSE
- Keventer Agro IPO LIVE Bid details on NSE
For the Latest Bid details click on the above links.
Keventer Agro IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Keventer Agro Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | – |
| Refunds Initiation | – |
| Credit of Shares to Demat Account | – |
| Share Listing Date | – |
Keventer Agro IPO Price Band
The face value of each share is Rs.5, but the price band of the IPO is Rs.[●]
Keventer Agro IPO Equity Size
This Initial Public Issue of X Equity Shares of Rs.5 each for cash at a price of Rs.[●] per equity share aggregating to Rs.[●] Million.
Keventer Agro IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of [●] Equity Shares of Rs.5/ each.
Issue Size: X Equity Shares of Rs.5 each, aggregating to Rs.[●] Million
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Keventer Agro IPO – Live Performance
The listing date of this IPO is [●]. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Keventer Agro Share Price |
Keventer Agro IPO Grey Market Premium
The Keventer Agro Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
Keventer Agro IPO – Company Overview
Their business primarily comprises of the (i) packaged foods & beverages; and (ii) dairy & fresh segments. Their packaged foods & beverage segment primarily involves the manufacturing, packaging, marketing, distribution of products which include (i) “Frooti” or “Appy” or “B Fizz” or “Appy Fizz” or “Bailley” or “Smoodh” which are licensed to them pursuant to various franchise agreements entered into with Parle Agro Private Limited (“Parle Agro”); and (ii) “ready-to-cook” and frozen food under “Keventer” brand.
Their dairy & fresh segment primarily involves (i) sourcing, processing, marketing, distribution, and sale of pouch milk, pouch curd, ice-cream, set-curd, UHT milk, milkshakes, and lassi under the “Metro” and “Keventer” brands; and (ii) sourcing, ripening, distribution, branding and sale of bananas under the “Keventer” brand.
According to the Technopak Report, almost 60-65% of the total population of East and North East India constitutes the core consuming class for packaged food, dairy, and other food and grocery items.
They believe that their Company, with its comprehensive product range, is well placed to capture this market.
Keventer Agro IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Million) | ||
| 31-Mar-21 | 31-Mar-20 | |
| Total Assets | 7,229.15 | 7,291.14 |
| *Total Revenue | 8,360.25 | 9,582.54 |
| Total Expense | 9,148.30 | 9,565.74 |
| Profit After Tax | (761.76) | 34.19 |
Earnings per Equity Share (in Million)
| 31-Mar-21 | 31-Mar-20 | |
| Basic | (29.05) | 1.30 |
| Diluted | (29.05) | (0.87) |
Further, their PAT for the period ended on March 31, 2021, and March 31, 2020, were Rs. (761.76) Million and Rs. 34.19 Million respectively.
Keventer Agro IPO – Promoters
The Promoter of this company is:
- MAYANK JALAN
- KEVENTER GLOBAL PRIVATE LIMITED
- MKJ DEVELOPERS LIMITED
- EDWARD KEVENTER PRIVATE LIMITED
- KEVENTER CAPITAL LIMITED
- SARVESH HOUSING PROJECTS PRIVATE LIMITED
- SPEEDAGE TRADE LIMITED
List of Related Parties (Key Managerial Personnel)
- Mayank Jalan, Chairman, and Managing Director
- Ram Krishna Agarwal, Independent Director
- Avinash Gupta, Independent Director
- Sumit Krishna Deb, Non-Executive Director
- Shruti Swaika, Independent Director
- Parvana Mayank Jalan, Non-Executive Director
Keventer Agro IPO – Promoters Holding
- Pre Issue Share Holding – %
- Pos Issue Share Holding – %
Keventer Agro IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to X Equity Shares aggregating up to Rs.[●] Million |
| of which: | |
| Issue Reserved for the Market Makers | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Net Issue to the Public | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Of which: | |
| Retail Investors Portion | Not less than [●] Equity Shares |
| Other than Retail Individual Investors | Not more than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | 26,226,464 Equity Shares |
| Equity Shares outstanding after the Issue | X Equity Shares |
Keventer Agro IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. Repayment and/ or pre-payment, in full or part, of certain borrowings availed by their Company;
2. Funding capital expenditure requirements of their Company; and
3. General corporate purposes.
Keventer Agro IPO – Business Strategy
- Leveraging their platform and infrastructure to enter strategic partnerships with existing and new partners
- Focus on continuous product development to expand their product portfolio, increase customer wallet share and increase their market share
- Expanding their distribution platform and geographical presence, and increasing sales to their existing retailers
- Continue to enhance brand visibility and consumer engagement of their products
- Continue to focus on cost efficiencies while simultaneously increasing consumer demand through organic and inorganic growth
Keventer Agro IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- One of the leading players in the East and North East of India, across a wide and varied product range that serves a cross-section of different customer needs;
- Robust multi-channel distribution platform and use of technology to derive distribution efficiencies;
- Their brand visibility and marketing initiatives;
- Strong track record of introducing new products and innovation supported by successful placement through established distribution platform;
- Their state-of-the-art manufacturing infrastructure, superior sourcing, and stringent quality and food safety procedures
- Experienced Board and qualified senior management team.
The relevant quantitative factors are:
| Basic EPS | Diluted EPS |
RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | (29.05) | (29.05) | (79.27) | 38.69 |
| 31-Mar-20 | 1.30 | (0.87) | 1.97 | – |
| Mar-19 | (0.04) | (0.04) | (0.07) | – |
Keventer Agro IPO: Competitive Peers
| Face Value (Rs.) | P/E | Basic EPS (Rs.) | Diluted EPS (Rs.) |
Return on Net Worth (%) | Total Income (Rs. in Millions) | |
| Keventer Agro Limited | 5 | [●] | (29.05) | (29.05) | (79.27) | 8,360.25 |
| Listed Peers | ||||||
| ITC Limited | 1 | 19.3x | 10.70 | 10.70 | 21.82 | 557,876.8 |
| Nestle India Limited | 10 | 82.7x | 215.98 | 215.98 | 103.12 | 134,958.8 |
| Dabur India Limited | 1 | 61.4x | 9.58 | 9.55 | 22.09 | 98,869.4 |
| Hatsun Agro Products Limited | 1 | 82.7x | 11.43 | 11.43 | 24.12 | 55,755.1 |
| Heritage Foods Limited | 5 | 14.5x | 32.32 | 32.32 | 25.17 | 24,811.5 |
| Parag Milk Foods Limited | 10 | 56.4x | 2.47 | 2.46 | 2.24 | 18,552.7 |
| Dodla Dairy Limited | 10 | 26.9x | 22.48 | 22.33 | 19.93 | 19,503.7 |
| Varun Beverages Limited | 10 | 68.4x | 11.40 | 11.40 | 9.34 | 65,927.6 |
Keventer Agro IPO Lead Managers
| Lead Managers |
|
ICICI Securities Limited Axis Capital Limited JM Financial Limited |
Keventer Agro IPO Registrar to offer
| Registrar to the Offer |
| Link Intime India Private Limited C-101, 1st Floor, 247 Park, L.B. S. Marg Vikhroli (West) Mumbai 400 083 Maharashtra, India Tel: +91 22 4918 6200 E-mail: keventer.ipo@linkintime.co.in Investor grievance E-mail: keventer.ipo@linkintime.co.in Website: www.linkintime.co.in Contact Person: Shanti Gopalkrishnan SEBI Registration No.: INR000004058 |
Keventer Agro IPO – Other Details
- Statutory Auditor – S.R. Batliboi & Co. LLP, Chartered Accountants
- Legal Counsel to the Company – Cyril Amarchand Mangaldas
- Bankers to the Company – Bank of Baroda, HDFC Bank Limited, ICICI Bank Limited, IndusInd Bank Limited, Kotak Mahindra Bank Limited, and Yes Bank Limited
Keventer Agro IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Keventer Agro Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Keventer Agro IPO Review FAQs
Ques – What is the Issue Size of Keventer Agro IPO?
Answer – The Company is making an initial public offer of NA equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
Ques – What is the Price band of Keventer Agro IPO?
Answer – The price band for this particular IPO ranges between NA. As far as the face value of the share is of concern, it is Rs.5 per share.
Ques – What is the Keventer Agro IPO Open Date?
Answer – The opening and closing dates for this IPO have been updated. The IPO is set to open on NA, while the closing date is set at NA.
Ques – What is the Keventer IPO Allotment Date?
Answer – They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on NA, refund initiation is on NA, credit of shares is on NA, and share listing date is on NA.
Ques – What is the Keventer Agro IPO Listing Date?
Answer – Shares of this company shall be listed in the exchanges NA. The date, when the listing would be done, is stagnant on NA.
Ques – Who is the Registrar of Keventer Agro IPO?
Answer – One of the reputed registrars is managing the issue of this IPO, i.e. Link Intime India Private Limited. Their website will help you regarding the further information you are on the lookout for.
Ques – Who is the Promoter of Keventer IPO?
Answer – Here are the promoters of this IPO – MAYANK JALAN, KEVENTER GLOBAL PRIVATE LIMITED, MKJ DEVELOPERS LIMITED, EDWARD KEVENTER PRIVATE LIMITED, KEVENTER CAPITAL LIMITED, SARVESH HOUSING PROJECTS PRIVATE LIMITED AND SPEEDAGE TRADE LIMITED. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
Ques – What is the GMP of Keventer Agro IPO?
Answer – They have obtained the GMP of this IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Ques – Is Keventer Agro IPO good for Investment?
Answer – They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
Ques – What is the PAT of Keventer Agro Company?
Answer – They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2021 in Million is (761.76), and 2020 is 34.19.
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