KN Agri Resources IPO Date, Price, GMP, Review, Allotment, Subscription, Analysis & Documents
- About KN Agri Resources
- Important Details – KN Agri Resources
- Objects of the Issue
- KN Agri Resources Limited Financials:
- KN Agri Resources IPO Price – Details
- KN Agri IPO DRHP & RHP
- KN Agri Resources IPO Lot Size
- KN Agri IPO Lead Managers
- KN Agri IPO Registrar
- KN Agri IPO Allotment Date, Listing Date and other Important Dates
- Company Peers – Comparison of Accounting Ratios
- Company Corporate Office
- Company Registered Office
- Company Promoters
- KN Agri Resources IPO – FAQS
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
| Date | Details |
|---|---|
| January 30, 1987 | The company was originally incorporated as “Itarsi Oils & Flours Private Limited” in Madhya Pradesh, Gwalior. |
| July 01, 1990 | The 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, 2014 | The 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, 2021 | The name of the company was changed from “Itarsi Oils & Flours Private Limited” to “KN Agri Resources Private Limited” |
| November 07, 2021 | The 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
| Description | KNAGRI IPO Details |
|---|---|
| Public Issue | Initial Public Issue of upto 65,84,000 Equity Shares of ₹ 10 (aggregating up to ₹ ₹49.38 Crore) |
| Issue Open Date | 15-Mar-22 |
| Issue Close Date | 17-Mar-22 |
| Issue Type | Book 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 Investor | Rs. 2,00,000 |
| Listing | NSE SME |
| NSE Symbol | KNAGRI |
| IPO Market Timings | 10.00 a.m. to 5.00 p.m. |
KN Agri IPO DRHP & RHP
KN Agri Resources IPO Lot Size
| Application | Lots | No of Shares | Amount (Rs) |
| Minimum | 1 | 1600 | ₹ 1,20,000 |
| Maximum | 1 | 1600 | ₹ 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
| Details | Date |
|---|---|
| Bid / Offer Opens on | 15-Mar-22 |
| Bid / Offer Closes on | 17-Mar-22 |
| Finalisation of Basis of Allotment | 23-Mar-22 |
| Initiation of refunds | 24-Mar-22 |
| Credit of the Equity Shares | 25-Mar-22 |
| Listing Date | 28-Mar-22 |
Company Peers – Comparison of Accounting Ratios
| Name of Company | Face Value | EPS (Basic) (₹) | Total Income (₹ in crores) | NAV, as on March 31, 2021 (₹ per share) |
| KN Agri Resources Limited | 10 | 14.22 | 1,301.19 | 86.16 |
| Ruchi Soya Industries Limited | 2 | 23.02 | 16382.98 | 137.35 |
| Gujarat Ambuja Exports Limited | 1 | 14.74 | 4,734.15 | 72.25 |
| Gokul Agro Resources Ltd | 2 | 3.39 | 8,401.74 | 22.77 |
| Kriti Nutrients Limited | 1 | 3.01 | 692.5 | 20.16 |
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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