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
|Ratings & Review|
|Top Brokers Review||6.3/10|
Summary of KPR Agrochem IPO – WITHDRAWN
K.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
|Day / Date||QIB||NII||RII||Total Subscription|
|1st Day –|
|2nd Day –|
|3rd Day –|
|4th Day –|
|5th Day –|
|Shares Offered or Net Issue|
The KPR Agrochem IPO subscription status will be out once the IPO is released & starts getting subscribed.
KPR Agrochem IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
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.
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.
Financial Summary (Standalone statement)
|Profit After Tax||203.01||218.27||234.62||270.47||270.17||142.19|
Earnings per Equity Share
|Earning per Equity Share (in INR)|
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 Rs[●]million|
|Fresh Issue||[●] Equity Shares aggregating up to Rs 2,100million|
|Offer for Sale||Up to 12,000,000 Equity Shares aggregating up to Rs [●] million|
|Employee Reservation Portion||Up to [●] Equity Shares aggregating up to Rs [●] million|
|Net Issue to the Public||Up to [●] Equity Shares aggregating up to Rs [●] million|
|QIB Portion||Up to [●] Equity Shares|
|Anchor Investor Portion||Up to [●] Equity Shares|
|Net QIB Portion (assuming Anchor Investor Portion is fully subscribed)||Up to [●] Equity Shares|
|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 Portion||Not less than [●] Equity Shares|
|Pre and post-Issue Equity Shares|
|Equity Shares outstanding prior to the Issue||85,464,000 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.
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
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
|PL CAPITAL MARKETS PRIVATE LIMITED
3rd Floor, Sadhana House, 570, P. B. Marg,
Worli, Mumbai – 400 018, Maharashtra, India.
Telephone: +91 22 6632 2222
Facsimile: +91 22 6632 2229
Investor Grievance ID:[email protected]
Contact Person: Rohan Menon
SEBI Registration Number:INM000011237
KPR Agrochem IPO Registrar to the Issue
|Registrar of the Offer|
|KARVY COMPUTERSHARE PRIVATE LIMITED
Karvy Selenium Tower B, Plot 31-32, Gachibowli, Financial District,
Nanakramguda, Hyderabad – 500 032, Telangana, India
Telephone: +91 40 67162222
Facsimile: +91 40 23431551
Investor Grievance ID: [email protected]
Contact Person: M Murali Krishna
SEBI Registration Number: INR000000221
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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