Let’s have a detailed review of the company and analytics of the MRP Agro IPO release date, IPO offer price, subscription, MRP 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 ValueRs 10
Price BandRs 40
Listing AtBSE SME
Min. Order Quantity3000 Shares
Listing Date [●]
Net IssueRs 304.80 lakhs
IPO SizeRs 324 lakhs
Tick Size[●]

MRP Agro IPO is listed at Rs.30 premium. Check out the live share price by clicking on the below link.

MRP Agro Share Price – Live Performance

MRP Agro Limited IPO – Summary

MRP Agro Limited IPO

Their company is engaged in trading of food grains, fly-ash and coal including Import and Export of such products with a large base of ever growing consumers.

The company has built a strong market and purchase such products domestically for supply to its consumers. The Company has trading network in urban and rural areas.

Their Company operate from their Registered Office situated at House No.100, First Floor, Ward No.23, Infront of Thane Ajak Civil Line Road, Tikamgarh – 472001, Madhya Pradesh, India.

The Promoters of this company are MR. MANISH KUMAR JAIN, MRS. RAKSHA JAIN AND MANISH KUMAR JAIN HUF. The lead manager to the issue is BEELINE BROKING LIMITED, and the Registrar to this issue is SKYLINE FINANCIAL SERVICES PRIVATE LIMITED.


MRP Agro IPO Date

The opening and the closing date of IPO of MRP Agro Limited is Feb 8, 2021 and Feb 10, 2021.


MRP Agro Limited IPO Subscription

Day / DateNIIRIITotal Subscription
1st Day – Feb 80.03x0.46x0.23x
2nd Day –  Feb 92.13x1.95x1.92x
3rd Day – Feb 10
Shares Offered or Net Issue381,000381,0007,62,000

The shares subscribed by the public will be updated here.


MRP Agro Limited 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.

MRP 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

MRP Agro IPO Price Band / Cash Price

The face value of each share is Rs.10, but the price band of the IPO is Rs.40. 


MRP Agro IPO Equity Size

This Initial Public Issue of 8,10,000 Equity Shares of Rs.10 each for cash at a price of Rs.40 per equity share aggregating to Rs.324.00 lakhs.


MRP Agro IPO Share Offering

Net Issue: The Issue (excluding the Market Maker Reservation Portion) of 7,62,000 equity Shares, aggregating to Rs.304.80 Lakhs

Issue Size: 8,10,000 Equity Shares of Rs.10 each, aggregating to Rs.324.00 LAKHS


MRP 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 – MRP Agro Share Price

MRP Agro IPO Grey Market Premium

The MRP Agro Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. 


MRP Agro IPO – Company Overview

Their company believes in creating a strong consumer facing front end and invests heavily in grains, fly-ash and coal. As their Company deals in trading of Food Grains, sales and marketing play a key role in ensuring that the corporate and products brands communicate and reach out to the customers in proper way; helping the Company in selling its strong value proposition of purity, quality and healthy grains.

As part of its sales and marketing efforts, company regularly communicates with the consumer on various platforms to increase awareness of their Products.

Their Company as maintaining the equipments for measuring the Quality of the Product which enable them in maintaining quality of products, understanding the requirement of the customers and also they trade in some of food grain items with brand name such as “MRP”.

Their Company has a brand which commands a high reputation for quality products, efficient services and level of reliability as a stable supplier of quality products in food grains. Before packaging and distributing, the Product is inspected by Quality Assurance department. Their range is appreciated for their features such as hygiene and accurate composition.

MRP Agro IPO Business Verticals

Their Company purchases the food grains, fly-ash and coal from local market by way of auction in large quantity and further sale the Products after clearing the Quality check to the wholesalers.

Their business model is B2B (Business to Business Basis) as they deal in bulk trading of food grains, fly-ash and coal. This company is having the local mandi license for purchase of food grains via auction from local market of Tikamgarh, Madhya Pradesh. Also their Company is registered dealer with Department of Mines & Geology, Government of Jharkhand for Purchase of Mineral such as Coal.


MRP Agro IPO – Financial Statements

A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:

Financial Summary:

Amount (in INR & lakhs)
30-Sep-2031-Mar-20Mar-19
Total Assets430.09218.44261.86
Total Revenue857.073634.511873.31
Total Expense838.033608.761857.25
Profit After Tax14.2418.9011.96

Earnings per Equity Share (in lakhs)

30-Sep-2031-Mar-20Mar-19
Basic & Diluted0.732.623.42

The company’s total income which includes from Sale of Agro Commodities during the stub period ended on September 30, 2020 was Rs. 857.07 Lakhs.

The restated net profit during the stub period ended on September 30, 2020 was Rs. 14.24 Lakhs representing 1.66% of the total revenue of the Company.


MRP Agro Limited IPO – Promoters

The Promoter of this company are:

  1. MR. MANISH KUMAR JAIN,
  2. MRS. RAKSHA JAIN AND
  3. MANISH KUMAR JAIN HUF

List of Related Parties (Key Managerial Personnel)

  • Mr. Manish Kumar Jain, Chairman and Managing Director
  • Mr. Neetesh Sahu, Chief Financial Officer
  • Ms. Nisha Bhagat, Company Secretary and Compliance Officer

Competitive Strengths of MRP Agro Limited

  • Compliance with Quality Standards
  • Extensive distribution network
  • Leveraging the experience of their Promoter
  • Scalable Business Model

MRP Agro Limited IPO Offer Details or Issue Details

 Particulars No. Of Equity Shares
 Equity Shares Offered Up to 8,10,000 Equity Shares aggregating up to Rs.324.00 lakhs
of which:
Issue Reserved for the Market Makers48,000 Equity Shares aggregating up to Rs.19.20
lakhs
Net Issue to the Public 7,62,000 Equity Shares aggregating up to Rs.304.80 Lakhs
Equity Shares outstanding prior to the Issue21,69,090 Equity Shares
 Equity Shares outstanding after the Issue29,79,090 Equity Shares

MRP Agro IPO Issue Object

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

1. To Meet Working Capital Requirement
2. General Corporate Purpose
3. To Meet the Issue Expenses

Business strategies of MRP Agro Limited

  • Leveraging their Market skills and Relationships
  • To build-up a professional organization
  • Optimal Utilization of Resources
  • Improving operational efficiencies

MRP Agro Limited IPO – Basis of the 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:

  • Compliance with Quality Standards
  • Extensive distribution network
  • Leveraging the experience of their Promoter
  • Scalable Business Model

The relevant quantitative factors are:

Basic & Diluted EPSRONW (%)NAV (Rs.)
31-Mar-202.6211.23%25.04
31-Mar-193.4232.36%14.78

MRP Agro IPO : Competitive Peers

Currently they are mainly engaged in the business of trading of food grains, coal & fly-ash and there is no listed peer group company which are strictly comparable to them with respect to the industry and business segment in which they operate and the size of their company.


MRP Agro IPO Lead Managers

Lead Managers
BEELINE BROKING LIMITED
SEBI Registration Number: INM000012546
MB Division: 807, Phoenix Tower, Opp. New Girish Cold Drinks,
Near Vijay Cross Roads, Navrangpura, Ahmedabad – 380 009
Telephone Number: +91 79 4840 5357
Email Id: mb@beelinemb.com
Investors Grievance Id: ig@beelinebroking.com
Website: www.beelinebroking.com
Contact Person: Mrs. Khushbu Shah
CIN: U51900GJ2014PLC080598

MRP Agro IPO Registrar to offer

Registrar to the Offer
SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
D-153A, 1st Floor, Okhla Industrial Area Phase-I,
New Delhi – 110020, India
Telephone: +91-11-40450193-97
Fax No: +91-11-26812682
Email: virenr@skylinerta.com or admin@skylinerta.com
Investor grievance email: info@skylinerta.com
Contact Person: Ms. Sarita Sigh
Website: www.skylinerta.com
SEBI Registration Number: INE00003241

MRP Agro IPO – Other Details

  • Statutory Auditor – M/S. A Y & CO., Chartered Accountants
  • Legal Counsel to the Company – SHAH ADVOCATES
  • Bankers to the Company –  STATE BANK OF INDIA LIMITED, ICICI Bank Limited and Axis Bank Limited


MRP Agro Limited IPO Review by Top 10 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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