KPR Agrochem IPO – Review, Allotment Status, Subscription, Price, Date & more

KPR Agrochem IPO is a new IPO drafted with SEBI . In this article, we will have a detailed review of KPR Agrochem IPO along with in-depth analysis of their IPO release date, IPO offer price, IPO subscription, IPO allotment, grey market price and other details.


KPR Agrochem IPO Review & Ratings

KPR Agrochem IPO Ratings & Review
CriteriaRatings
Industry Sentiments6.2/10
Industry Ranking6.1/10
Company Background6.2/10
Company Reputation6.4/10
Competitive Edge6.3/10
Financial Statements6.2/10
Popularity Index6.4/10
Promoters Reputation6.1/10
Retail Appetite6.5/10
Top Brokers Review6.3/10
Overall Ratings6.3/10
Star Ratings★★★☆☆

Summary of KPR Agrochem IPO

kpr agrochem ipoK.P.R. Agrochem Limited has filed its papers for IPO fundraising. This is not the first time that the company has raised for an IPO. The agriculture-based products market in India is never diminishing as the Indian economy is dependent on agriculture and its allied products as a major GDP Contributor.

So definitely, planning to invest in these stocks is definitely not a bad idea. The stocks of the company will be listed both on NSE as well as BSE. The company’s shares are bound to perform well due to the good revenue that has been reflected from the company.

The number of the equity shares that are being sold by the current shareholders of the company are not revealed. It is expected to release soon. The amount that is aimed to be released by the rise of IPO is also not known.

The company has hired PL Capital Markets Private Limited as their Lead Managers & Karvy Computershare Private Limited as their Registrar to the Issue.


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KPR Agrochem IPO Date

The KPR Agrochem IPO release date has not been out yet.

KPR Agrochem IPO Subscription

Subscription
Day 1X
Day 2X
Day 3X
Day 4X
Day 5X

The KPR Agrochem IPO subscription status will be out once the IPO is released & starts getting subscribed.

KPR Agrochem IPO Allotment Status

Since the issue date has not been fixed yet, the Allotment Status is not out. The Allotment status will be announced about 3-4 weeks of the IPO issue date.

KPR Agrochem IPO Price Band

The price band of the IPO will be known only after the offer price of the IPO issues is known. One can know about the price band of the IPO in about a week.

The face value of the equity shares released by the company is Rs 10 each. The offer price is calculated [.] times the face value at the Floor Price. The Offer Price can also be calculated[.] times the face value of the Cap price of the Price band.

KPR Agrochem IPO Issue Size

Garden Reach Shipbuilders & Engineers Limited IPO issue size is INR 1000-2000 crores (according to sources).

KPR Agrochem IPO Equity Shares Offerings

As per their draft prospectus they are going to issue 2 crores shares to the public.


K.P.R. Agrochem Limited – Company Overview

K.P.R. Agrochem is one of the best agriculture products company that is located in the state of Andhra Pradesh. It was established in the year 2002.

The company manufactures and sells fertilizers. KPR Agrochem is held by the family owners who also have many agriculture-based companies under their control. The company sells products for crop nutrition, crop protection, veterinary based supplies, Chemicals, HYV seeds, other variety seeds etc.

KPR Agrochem Limited has retail outlets across the states of Andhra Pradesh and Karnataka. There are more than 130 retail outlets. The company has three units in the districts of Andhra Pradesh. Their portfolio is so evident that they are so interested in providing the right kind of service to their customers.

Key Members of the Company

  • Papa Reddy Kovvuri (Chairman & Wholetime Director)
  • Venkata Mukunda Reddy (MD)
  • Rajashekhar Reddy Kovvuri (Wholetime & Executive Director)

Strength of the Company

  • Wide agri-input product portfolio with presence across the agri-value chain enabling diversification of revenue risk
  • Strong and growing distribution network
  • Material sourcing capabilities
  • Certified manufacturing facilities
  • Experienced Promoters and management team

KPR Agrochem Limited – Financial Statement

Have a look at the Financial Stability of the company before you invest in it.

Assets of the Company

Assets (in INR & Millions)
 Mar’17Mar’16Mar’15Mar’14Mar’13
Non-Current Asset2,6572,6262,3352,3422,491
Current Asset5,9215,3494,9664,7654,856
Total Asset8,5797,9757,3007,1077,347

Revenue & PAT of the Company

Revenue & Profits (in INR & Millions)
 Mar’17Mar’16Mar’15Mar’14Mar’13
Total Revenue56405545577059595678
Profit after Tax (PAT)216222278262143

Earnings per Equity Share

Earning per Equity Share (in INR)
 Mar’17Mar’16Mar’15Mar’14Mar’13
Basic2.552.753.163.169.99
Diluted2.552.753.163.169.99

The company seems to be very stable in its PAT since last 5 years. The IPO doesn’t seem to be very promising as company is not showing any upside in its revenue or PAT.


K.P.R. Agrochem Limited – Promoters

This is the list of promoters of the K.P.R. Agrochem Limited

  • Papa Reddy Kovvuri
  • Venkata Mukunda Reddy
  • Rajashekhar Reddy Kovvuri
  • Satyanarayana Reddy Kovvuri (S/O. Ramachandra Reddy Kovvuri)

Cresco Technology LLP is the corporate partner of the company

Interest of Promoters

Interest of Promoters in the promotion of the company

The promoters of the company have promoted the company and they have shown interest in their shareholding of the company in the form of equity shares. The promoters have also held some of the positions in the company like that of the executive director,

Interest of promoters in the property of the company

The promoter is not interested in the property of the company, they are only the shareholders of the company who have invested in the firm. They have not shown interest towards the property for two years before the filing of the Draft Red Herring Prospectus with SEBI.

Interest of promoters in the intellectual property of the company

The promoter does not have any interest in the intellectual property of the company.


KPR Agrochem IPO Offer Details or Issue Details

Issue[●] Equity Shares aggregating up to ₹[●]million
Consisting of:
Fresh Issue[●] Equity Shares aggregating up to ₹ 2,100million
Offer for SaleUp to 12,000,000 Equity Shares aggregating up to ₹ [●] million
of which:
Employee Reservation PortionUp to [●] Equity Shares aggregating up to ₹ [●] million
Net Issue to the PublicUp to [●] Equity Shares aggregating up to ₹ [●] million
Of which:
QIB PortionUp to [●] Equity Shares
Of which:
Anchor Investor PortionUp to [●] Equity Shares
Net QIB Portion (assuming Anchor Investor Portion is fully subscribed)Up to [●] Equity Shares
Of which:
Available for allocation to Mutual Fund only (5.00% of the Net QIB Portion (excluding Anchor Investor Portion))[●] Equity Shares
Balance for all QIBs including Mutual Funds[●] Equity Shares
Non-Institutional Portion Not less than[●] Equity Shares
Retail PortionNot less than [●] Equity Shares
Pre and post-Issue Equity Shares
Equity Shares outstanding prior to the Issue85,464,000 Equity Shares
Equity Shares outstanding after the Issue[●] Equity Shares

KPR Agrochem IPO Issue Object

Details of the Objects of the Issue are:

  • Repayment/prepayment, in full or part, of certain borrowings availed by our Company
  • To meet working capital requirement of our Company
  • General corporate purposes

KPR Agrochem IPO – Basis of Offer Price

KPR Agrochem Limited determines its own offer price. The shareholders of the company research the market for the demand for the products as the company has decided to sell off the equity shares. The company consults the BRLMs’ and decides on the basis of the qualitative and the quantitative factors of the company.

The face value of the equity shares released by the company is Rs 10 each. The offer price is calculated [.] times the face value at the Floor Price. The Offer Price can also be calculated[.] times the face value of the Cap price of the Price band.

Qualitative Factors

The company believes that their qualitative strengths help them to compete in the highly competitive industry. These are the factors:

  • The company has a good manufacturing facility
  • The company has a great set up of distribution centers
  • The capacity of source materials
  • The company has good value in the market for all its agri chain products
  • The excellent portfolio of the company is a major USP

Quantitative Factors

The Quantitative factors are used to compute the offer price of the company

  • Basic and Diluted Earnings Per Share (“EPS”)
  • Price/Earning (“P/E”) ratio in relation to Price Band of Rs [●] to Rs [●] per Equity Share
  • Return on Net Worth (“RoNW”)
  • Minimum Return on Increased Net Worth after Offer needed to maintain Pre-Offer EPS
  • Net Asset Value (“NAV”) per Equity Share
  • Comparison with Listed Industry Peers
  • The Offer Price will be [●] times of the face value of the Equity Shares

KPR Agrochem IPO Lead Managers

Lead Managers
PL CAPITAL MARKETS PRIVATE LIMITED

KPR Agrochem IPO Registrar to the Issue

Registrar of the Offer
Karvy Computershare Private Limited

KPR Agrochem IPO Review by Top 10 Stock Brokers

Top Stock Brokers ReviewCompany Repu-tationCompe-titive EdgeFinan-cial State-mentPopu-larity IndexPromo-ters Repu-tation
Angel Broking6.1/106.1/106.1/106.1/106.1/10
Sharekhan6.2/106.1/106.2/106.1/106.2/10
Kotak Securities6.0/106.1/106.1/106.1/106.0/10
ICICI Direct6.0/106.0/106.3/106.1/106.1/10
IIFL6.1/106.2/106.0/106.0/106.1/10
Edelweiss6.1/106.1/106.1/106.0/106.2/10
Zerodha6.1/106.1/106.1/106.1/106.0/10
5Paisa6.1/106.1/106.1/106.1/106.1/10
Karvy6.1/106.0/106.2/106.1/106.1/10
Motilal Oswal6.1/106.1/106.2/106.0/106.2/10

KPR Agrochem IPO Grey Market Premium

The K.P.R. Agrochem Limited IPO Grey Market Premium will be announced two weeks before the price of the issue is announced.


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