KN Agri Resources IPO Details

KN Agri Resources IPO Date, Price, GMP, Review, Allotment, Subscription, Analysis & Documents

Subscription Status

About KN Agri Resources

The 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, KN Agri trade in various ago commodities such as maize, gram, pulses, sugar, soyabean, wheat etc.

KN Agri Resources Limited has three strategically located plants in the state of Madhya Pradesh comprising of three solvent extraction plants, two oil refineries and one flour mill The location of the plants gives the competitive edge over other players in terms of procurement and availability of major raw material (i.e. soyabean seeds).

The two manufacturing units, namely, Khandwa Oils — Unit I and Unit U situated in Khandwa, M.P., are spread in the wide area of around 20 acres, while the another unit located in Kheda, Itarsi, M.P. is spread around an area of 10 acres. All the units have a well-equipped laboratory, modem technology and testing equipments with sujorting environment and facilities, to ensure that the products conforms with the pre-determined food standards.

Important Details – KN Agri Resources

DateDetails
January 30, 1987The company was originally incorporated as “Itarsi Oils & Flours Private Limited” in Madhya Pradesh, Gwalior.
July 01, 1990The company was converted into a Public Limited Company and the name of the company was changed from “Itarsi Oils & Flours Private Limited” to “Itarsi Oils & Flours Limited”
July 19, 2014The company was converted into a Private Limited Company and consequently the name of the Company was changed from “Itarsi Oils & Flours Limited” to “Itarsi Oils & Flours Private Limited”
October 04, 2021The name of the company was changed from “Itarsi Oils & Flours Private Limited” to “KN Agri Resources Private Limited”
November 07, 2021The company was converted into a Public Limited Company and consequently the name of the company was changed from “KN Agri Resources Private Limited” to “KN Agri Resources Limited”

Objects of the Issue

  • To meet Working Capital requirements
  • General Corporate Purpose
  • To meet issue expenses

KN Agri Resources Limited Financials:

Summary of financial Information (Restated Consolidated Statement)

Particulars For the year ended (₹ in lakh)
  31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 19,255.07 14,835.30 19,466.14
Total income 1,30,119.34 85,319.66 1,29,246.84
Total Expenses 1,26,615.71 83,539.76 1,26,118.31
Profit After Tax 2,618.93 1,320.67 2,140.47

KN Agri Resources IPO Price – Details

DescriptionKNAGRI IPO Details
Public IssueInitial Public Issue of upto 65,84,000 Equity Shares  of ₹ 10 (aggregating up to ₹ ₹49.38 Crore)
Issue Open  Date15-Mar-22
Issue Close Date17-Mar-22
Issue TypeBook Building
IPO Price Band₹ 71 – ₹ 75
Face Value ₹ 10
Market Lot 1600 Equity Shares and in multiples thereof
Minimum Order Quantity 1600 Equity Shares
Maximum Subscription Amount for Retail InvestorRs. 2,00,000
Listing NSE SME
NSE SymbolKNAGRI
IPO Market Timings 10.00 a.m. to 5.00 p.m.

KN Agri IPO DRHP & RHP

KN Agri Resources IPO Lot Size

ApplicationLotsNo of SharesAmount (Rs)
Minimum11600₹ 1,20,000
Maximum11600₹ 1,20,000

KN Agri IPO Lead Managers

  • Hem Securities Limited

KN Agri IPO Registrar

KN Agri IPO Allotment Date, Listing Date and other Important Dates

DetailsDate
Bid / Offer Opens on15-Mar-22
Bid / Offer Closes on17-Mar-22
Finalisation of Basis of Allotment23-Mar-22
Initiation of refunds 24-Mar-22
Credit of the Equity Shares25-Mar-22
Listing Date28-Mar-22

Company Peers – Comparison of Accounting Ratios

Name of CompanyFace Value EPS (Basic)
(₹)
Total Income
(₹ in
crores)
NAV, as on March 31, 2021
(₹ per share)
KN Agri Resources Limited1014.221,301.1986.16
Ruchi Soya Industries Limited223.0216382.98137.35
Gujarat Ambuja Exports Limited 114.744,734.1572.25
Gokul Agro Resources Ltd23.398,401.7422.77
Kriti Nutrients Limited13.01692.520.16

Company Corporate Office

B1-506, Marathon Innova,
Opp. Peninsula Corporate Park,
Lower Parel, Mumbai 400 013,
Maharashtra, India.
Website: www.knagri.com

Company Registered Office

K.N. Building, Subhash Road,
Ramsagarpara, Raipur 492001,
Chhattisgarh, India.

Company Promoters

  • Mr. Vijay Shrishrimal,
  • Mr. Sanjay Shrishrimal,
  • Mr. Dhirendra Shrishrimal,
  • K.N. Resources Private Limited,
  • AnantTrafina Private Limited and
  • Anant Counter Trade Private Limited

KN Agri Resources IPO – FAQS

What is the KN Agri Resources IPO Price?

The KN Agri Resources IPO price band is ₹ 71 – ₹ 75 per share

When KN Agri Resources IPO will open?

The KN Agri Resources IPO opens on Mar 15, 2022 and closes on Mar 17, 2022

What is the lot size of KN Agri Resources IPO?

The KN Agri Resources IPO lot size is 1600 Equity Shares and the minimum order quantity is 1600 Equity Shares

Who is the Registrar for KN Agri Resources IPO?

The Registrar for KN Agri Resources IPO is Link Intime India Private Limited

How to apply in KN Agri Resources IPO through UPI?

Check the step by step process here – Click here

How to apply in KN Agri Resources IPO through Zerodha?

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