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Let’s have a detailed review of the company and analytics of the KN Agri Resources IPO release date, IPO offer price, subscription, KN Agri Resources IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.

Face ValueRs 10
Price BandRs 71 to Rs 75
Listing AtNSE, SME
Min. Order Quantity1600 Shares
Listing DateNA
Offer for SaleRs Lakhs
Fresh IssueRs 4938 Lakhs
IPO SizeRs 4938 Lakhs
Tick Size1

KN Agri Resources IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.


KN Agri Resources IPO – Summary

KN Agri Resources IPOTheir Company was originally incorporated as “Itarsi Oils & Flours Private Limited” on January 30, 1987 under the provisions of the Companies Act, 1956 with the Registrar of Companies, Madhya Pradesh, Gwalior.

Subsequently, their Company was converted into a Public Limited Company and consequently the name of their Company was changed from “Itarsi Oils & Flours Private Limited” to “Itarsi Oils & Flours Limited” vide a fresh certificate of incorporation dated July 01, 1990, issued by the Registrar of Companies, Madhya Pradesh, Gwalior.

The Promoter of this company is Mr.Vijay Shrishrimal, Mr.Sanjay Shrishrimal, Mr.Dhirendra Shrishrimal, K.N.Resources Prrivate Limited. The lead manager to the issue is HEM SEECURITIES LIMITED, and the Registrar to this issue is LINK INTIME INDIA PRIVATE LIMITED.


KN Agri Resources IPO Date

The opening and the closing date of KN Agri Resources IPO are Mar 15, 2022 and Mar 17, 2022 Respectively.


KN Agri Resources IPO Subscription

Day / DateQIBNIIRIITotal Subscription
1st Day – 15th March0.00x4.73x6.14x2.86x
2nd Day –  16th March1.17x13.43x24.07x11.03x
3rd Day – 17th March10.66x771.64x87.52x151.90x
Shares Offered or Net Issue3,123,200939,2002,188,8006,251,200

The shares subscribed by the public will be updated here.

Check KN Agri IPO LIVE Subscription

  • KN Agri Resources IPO LIVE Bid details on NSE
  • KN Agri Resources IPO LIVE Bid details on SME

For the Latest Bid details click on the above links.


KN Agri Resources 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.

KN Agri Resources Limited IPO Listing Date

Find the dates below on basis of allotment, refund, listing, and more:

Basis of Allotment FinalizationMar 23, 2022
Refunds InitiationMar 24, 2022
Credit of Shares to Demat AccountMar 25, 2022
Share Listing DateMar 28, 2022

KN Agri Resources IPO Price Band / Cash Price

The face value of each share is Rs.10, but the price band of the IPO is Rs.71 to Rs.75 


KN Agri IPO Equity Size

This Initial Public Issue of 65,84,000 Equity Shares of Rs.10 each for cash at a price of Rs.71 to Rs.75  per equity share aggregating to Rs.4938 Lakhs.


KN Agri Resources IPO Share Offering

Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 6,584,000 Equity Shares of Rs.10/ each.

Issue Size: 6,584,000 Equity Shares of Rs.10 each, aggregating to Rs.4938 Lakhs


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    KN Agri Resources 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 – KN Agri Resources Share Price

    KN Agri Resources IPO Grey Market Premium

    The KN Agri Resources Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. 


    KN Agri Resources IPO – Company Overview

    Incorporated in 1987, they are an agro-based Company, involved primarily in the business of (a) solvent extraction & oil refining and (b) trading of various agro-commodities. Their wide range of processed and manufactured products includes soya de-oiled cake (soya meal), Hipro Soya Meal, soya refined oil, soya crude oil, degummed oil, soya lecithin, acid oil, soya husk, cotton seed oil, refined rapeseed oil and rapeseed de-oiled cake.

    Under the agro-commodities business, they trade invarious agro commodities such as maize, gram, pulses, sugar, soyabean, wheat etc. They have three strategically located plants in the state of Madhya Pradesh comprising of three solvent extraction plants, two oil refineries and one flour mill.


    KN Agri Resources 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 & Lakhs)
    30-Sept-2131-Mar-21Mar-2031-Mar-19
    Total Assets20,189.43  19,255.0714,835.3019,466.14
    *Total Revenue59,467.46130,119.34 85,319.66129,246.84
    Total Expense57,260.62126,615.71 83,539.76 126,118.31
    Profit After Tax1,683.922,618.93 1,320.67 2,140.47

    Earnings per Equity Share (in Lakhs)

    30-Sept-2131-Mar-21Mar-2031-Mar-19
    Basic & Diluted9.14  14.227.1711.62

     

    Further, their PAT for the period ended on Sept 30, 2021, March 31, 2021, March 31, 2020, and March 31, 2019, were Rs. 1,683.92 Lakhs, Rs. 2,618.93 Lakhs, Rs. 1,320.67 Lakhs and Rs. 2,140.47 Lakhs respectively.


    KN Agri Resources IPO – Promoters

    The Promoter of this company is:

    1. Mr.Vijay Shrishrimal
    2. Mr.Sanjay Shrishrimal
    3. Mr.Dhirendra Shrishrimal
    4. K.N.Resources Prrivate Limited

    List of Related Parties (Key Managerial Personnel)

    • Mr. Vijay Shrishrimal, Chairman and Managing Director
    • Mr. Sanjay Shrishrimal, Whole Time Director
    • Mr. Dhirendra Shrishrimal, Whole Time Director & CFO
    • Mr. Pradeep Totla, Non-Executive Director
    • Mr. Gopal Krishan Sood, Independent Director
    • Mrs. Poonam Rishi Pilani, Independent Director

    KN Agri Resources IPO – Promoters Holding

    • Pre Issue Share Holding – 99.99%
    • Pos Issue Share Holding – 73.66%

    KN Agri IPO Offer Details or Issue Details

     Particulars No. Of Equity Shares
     Equity Shares Offered Up to 65,84,000 Equity Shares aggregating up to Rs.[●] Million
    of which:
    Issue Reserved for the Market MakersUp to 3,32,800 Equity Shares aggregating up to Rs.[●]
    Million
    Net Issue to the PublicUp to 6251200 Equity Shares aggregating up to Rs.[●]
    Million
    Of which:
    Retail Investors Portion Not less than [●] Equity Shares
    Other than Retail Individual InvestorsNot more than [●] Equity Shares
     Equity Shares outstanding prior to the Issue1,84,14,910 Equity Shares
     Equity Shares outstanding after the Issue2,49,98,910 Equity Shares

    KN Agri Resources IPO Issue Object

    Their Company proposes to utilize the Net Proceeds towards funding the following objects:

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

    KN Agri IPO – Business Strategy

    • Expand their domestic and international geographical reach through marketing network
    • Brand building and promotion
    • Continue to strive for cost efficiency
    • Focus on consistently meeting quality standards

    KN Agri 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:

    • Wide range of products
    • Consistent and Standardized product quality
    • In-house Manufacturing capabilities
    • Strategic location of manufacturing units
    • Well qualified and experienced Management team
    • Proven track record of robust financial performance

    The relevant quantitative factors are:

    Basic & Diluted EPSRONW (%)NAV (Rs.)
    31-Mar-1911.6217.9786.16
    31-Mar-207.179.98
    Mar-2114.2216.51

    KN Agri Resources IPO: Competitive Peers

    Face Value (Rs.)P/EEPS  (Rs.)Return on Net Worth (%)Total Income (Rs. in Lakhs)
    KN Agri Resources Limited10[●]14.2216.511301.19
    Listed Peers
    Ruchi Soya Industries Limited238.0123.0216.7616382.98
    Gujarat Ambuja Exports Limited112.9314.7420.414734.15
    Gokul Agro Resources Ltd223.35 3.39 14.888401.74
    Kriti Nutrients Limited1 3.0114.91692.5

    KN Agri Resources IPO Lead Managers

    Lead Managers
    Hem Securities Limited
    Address: 904, A Wing, Naman Midtown, Senapati Bapat
    Marg, Elphinstone Road, Lower Parel,Mumbai-400013,
    Maharashtra, India
    Tel No.:+91-22-4906 0000
    Fax No.:+91-22-22625991
    Email: ib@hemsecurities.com
    Investor Grievance Email: redressal@hemsecurities.com
    Website:www.hemsecurities.com
    Contact Person: Mr. Anil Bhargava
    SEBI Reg. No.: INM000010981

    KN Agri Resources IPO Registrar to offer

    Registrar to the Offer
    Link Intime India Private Limited
    Address: – C-101, 1 Floor, 247 Park, L.B.S. Marg, Vikhroli
    (West), Mumbai, Maharashtra, India 400083
    Tel No.: +91-022-49186200
    Fax No.: +91-022-49186060
    Email: knagri.ipo@linkintime.co.in
    Investor Grievance Email: knagri.ipo@linkintime.co.in
    Website: www.linkintime.co.in
    Contact Person: Shanti Gopalkrishnan
    SEBI Regn. No. INR000004058
    CIN: U67190MH1999PTC118368

    KN Agri IPO – Other Details

    • Statutory Auditor – M/s. N. Kumar & Co.
    • Legal Counsel to the Company – Kanga and Co.,Advocates & Solicitors,
    • Bankers to the Company –  HDFC Bank Limited, State Bank of India, Yes Bank Limited, Union Bank of India and IDBI Bank Limited


    KN Agri IPO Review by Stock Brokers

    Top Stock Brokers ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
    Angel Broking7.5/107.4/108.5/108.1/107.1/10
    Sharekhan7.2/107.1/108.6/108.1/107.2/10
    Kotak Securities7.3/107.5/108.4/108.1/107.3/10
    ICICI Direct7.3/107.3/108.7/108.1/107.1/10
    IIFL7.5/107.2/108.8/108.0/107.1/10
    Edelweiss7.5/107.4/108.4/108.3/107.2/10
    Zerodha7.4/107.1/108.5/108.1/107.0/10
    5Paisa7.1/107.1/108.4/108.1/107.1/10
    Karvy7.4/107.3/108.2/108.1/107.1/10
    Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

     


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      KN Agri Resources Limited IPO News

      News 1 – IPO DRHP Download

      News 2 – IPO RHP Prospectus Download


      KN Agri Resources IPO Review FAQs

      Ques – What is the Issue Size of KN Agri Resources IPO?

      Answer – The Company is making an initial public offer of 65,84,000 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 the net issue.

      Ques – What is the Price band of KN Agri IPO?

      Answer – The price band for this particular IPO ranges between Rs.71 to Rs.75. As far as the face value of the share is of concern, it is Rs.10 per share.

      Ques – What is the KN Agri IPO Open Date?

      Answer – The opening and closing dates for this IPO have been updated. The IPO is set to open on Mar 15, 2022, while the closing date is set at Mar 17, 2022.

      Ques – What is the KN Agri Resources IPO Allotment Date?

      Answer – They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Mar 23, 2022, refund initiation is on Mar 24, 2022, credit of shares is on Mar 25, 2022, and share listing date is on Mar 28, 2022.

      Ques – What is the KN Agri Resources IPO Listing Date?

      Answer – Shares of this company shall be listed in the exchanges Mar 28, 2022. The date, when the listing would be done, is stagnant on Mar 28, 2022.

      Ques – Who is the Registrar of KN Agri 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 KN Agri Resources IPO?

      Answer – Here are the promoters of this IPO – Mr.Vijay Shrishrimal, Mr.Sanjay Shrishrimal, Mr.Dhirendra Shrishrimal, K.N.Resources Prrivate 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 GMP of KN Agri 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 KN Agri Resources 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 KN Agri Resources 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 Lakhs is 2,618.93, 2020 is 1,320.67, 2019 is 2,140.47. PAT from Sep 2021 is 1,683.92.


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