MRP Agro was incorporated on April 13, 2018. The company is engaged in the trading of food grains, fly-ash, and coal including import and export of such products with a large base of ever-growing consumers.
| Bidding Dates |
|---|
| 08 Feb 2021 - 10 Feb 2021 |
| Subscription |
|---|
| 3.21x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,20,000 | 1 | 1 | 3000 | 810.0 K | ₹40 | 72.81 % | ₹32.4 M | RHP DOC |
MRP Agro IPO SUBSCRIPTION STATUS
10 Feb '21MRP Agro IPO overall subscription rate was 3.21 times the total available shares
MRP Agro IPO retail subscription rate was 4.17 times in the retail segment
MRP Agro IPO non-institutional investor subscription rate was 2.66 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
09 Feb 2021 (Day 2) | 1.95x | 2.13x | - |
10 Feb 2021 (Day 3) | 4.17x | 2.66x | - |
08 Feb 2021 (Day 1) | 0.46x | 0.03x | - |
MRP Agro FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from operations (Rs in millions) | Cash Flow from operations (Rs in millions) | Free Cash flow (Rs in millions) | Margins |
| H1FY21 | 1.4 | 85.7 | -15.8 | -15.8 | 2.3% |
| FY20 | 1.9 | 363.4 | 4.4 | 4.3 | 1.0% |
| FY19 | 1.2 | 187.0 | -15.9 | -16.0 | 1.5% |
MRP Agro IPO SUBSCRIPTION STATUS DETAILS
MRP Agro had 810.0 K shares on offer
MRP Agro IPO offer price was ₹40
MRP Agro IPO minimum Investment was ₹120000
MRP Agro IPO issue size was ₹ 32.4 M
MRP Agro had a minimum lot size of 3000 Shares per application
MRP Agro NUMBER OF SHARES ON OFFER
MRP Agro IPO IMPORTANT DATES
| Issue Open Date | 08 Feb 2021 |
| Issue close Date | 10 Feb 2021 |
| Allotment Date | 15 Feb 2021 |
| Refund Date | 16 Feb 2021 |
| Demat Account Credit Date | 17 Feb 2021 |
| Listing Date | 18 Feb 2021 |
| Listing on Exchange(s) | BSE |
| MRP Agro Allotment Status | Exchange |
MRP Agro IPO subscription opened on 08 Feb 2021, and closed on 10 Feb 2021
IPO allotment for MRP Agro was finalized on Monday, 15 Feb 2021
IPO listing for MRP Agro was on BSE on Thursday, 18 Feb 2021
MRP Agro IPO LISTING GAINS
| Issue Price (adjusted) | 13.3 |
| Listing Open Price | 39.8 |
| Listing Close Price | 37.8 |
| Listing Gain% | -0.6% |
| Current Gain% | 575.1% |
MRP Agro Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MRP Agro Ltd. | 90 | 26.8 | 24.8 | -0.6 | 1.7 | 9.8 | 8.9 | 60.4 | -42.6 | 4 | -41.7 | 3.6 | -41.7 |
| Adani Enterprises Ltd. | 3020 | 408730.2 | 54.9 | 3.3 | 3.7 | 11.5 | 3.6 | 102943.2 | 2.6 | 9339.5 | 31.6 | 55 | 16.7 |
| Redington Ltd. | 354.8 | 27741.3 | 16.3 | 4 | 0.2 | 14.7 | 4.4 | 119347.4 | 19.9 | 1490.2 | -7.1 | 21.8 | 4.1 |
| Lloyds Enterprises Ltd. | 83.5 | 12611.6 | 44.5 | 0.1 | 7.2 | 6.8 | 3.9 | 2183.7 | 39 | 283.4 | 396.5 | 1.9 | 396.5 |
| Swan Corp Ltd. | 308 | 9656 | 35.2 | -0.6 | 2.2 | 3.6 | 2 | 5143.5 | -25.3 | 274.1 | -63.7 | 8.7 | -63.7 |
| MMTC Ltd. | 64 | 9597 | 24.8 | 0.1 | 2814.4 | 18.3 | 13.8 | 180.6 | -31.3 | 387.4 | 347.2 | 2.6 | 347.2 |
MRP Agro INFORMATION ON IPO ISSUE
About MRP Agro
MRP Agro was incorporated on April 13, 2018. The company is engaged in the trading of food grains, fly-ash, and coal including import and export of such products with a large base of ever-growing consumers.
Object of the Issue
- To meet working capital requirements
- To meet general corporate purposes
- To meet the issue expenditures
MRP Agro - PROMOTERS
| Name |
|---|
| Manish Kumar Jain |
| Raksha Jain |
| Manish Kumar Jain HUF |
MRP Agro Lead Manager to the Issue
Beeline Broking Limited
mb@beelinemb.com
MRP Agro Registrar to the Offer
Skyline Financial Services Private Limited
virenr@skylinerta.com
MRP Agro Strengths
Compliance with quality standard
The company adheres to quality standards as per industry standards as it is capable of meeting the quality standards at competitive costs, which enables it to maintain its brand image in the market
Extensive distribution network
The company has developed a market to reach out to its customers across the country
Scalable business model
The company's business model is order-driven, and comprises of optimum utilization of resources and thereby enabling us to achieve consequent economies of scale
MRP Agro Risks
Asset limitation
Inventories and trade receivables form a major part of current assets and net worth
Limited experience
Limited operating experience, limited recognition in new markets and in the agriculture products industry may limit expansion strategy
IPO FAQs
MRP Agro Ltd. IPO listing opened at Rs 39.75 while the issue price was Rs 40.00 giving -0.62% returns. After adjusting for subsequent bonus and splits, the stock trades at Rs 13.33 giving 575.09% gains since its IPO listing.
The promoters of the company are Manish Kumar Jain, Raksha Jain and Manish Kumar Jain HUF.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 40.0 - 40.0.
The IPO application opens on Feb 08, 2021 and closes on Feb 10, 2021.
The minimum lot size for the IPO is 3000. The maximum lot size for the IPO is 3000.
For all category investors, the minimum application amount for this IPO is Rs. 120,000.0, the maximum value for this IPO is Rs 120,000.0.
This IPO will be allotted on Feb 15, 2021.
The refund will be credited to your account on Feb 16, 2021.
The allotted shares will be credited to your demat on Feb 17, 2021.
MRP Agro Ltd.’s shares listed on the stock exchanges on Feb 18, 2021.