KN Agri Resources, incorporated in 1987 is an agro-based company, involved in the business of solvent extraction & oil refining and trading of various agro-commodities.
| Bidding Dates |
|---|
| 15 Mar 2022 - 17 Mar 2022 |
| Subscription |
|---|
| 151.9x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,20,000 | 1 | 1 | 1600 | 6.6 M | ₹71 - ₹75 | 73.66 % | ₹467.5 M - ₹493.8 M | RHP DOC |
KN Agri Resources IPO SUBSCRIPTION STATUS
17 Mar '22KN Agri Resources IPO overall subscription rate was 151.9 times the total available shares
KN Agri Resources IPO retail subscription rate was 87.52 times in the retail segment
KN Agri Resources IPO non-institutional investor subscription rate was 771.64 times in the non-institutional investor category
KN Agri Resources IPO Qualified Institutional Bidder subscription rate was 10.66 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
16 Mar 2022 (Day 2) | 24.07x | 13.43x | 1.17x |
17 Mar 2022 (Day 3) | 87.52x | 771.64x | 10.66x |
15 Mar 2022 (Day 1) | 6.14x | 4.73x | 0x |
KN Agri Resources 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) |
| 6MFY21 | 168.4 | 5,941.4 | 310.3 | 307.7 |
| FY21 | 261.9 | 12,989.5 | -33.4 | -29.7 |
| FY20 | 132.1 | 8,500.2 | 372.7 | 348.3 |
| FY19 | 214.0 | 12,852.9 | 546.0 | 509.5 |
KN Agri Resources IPO SUBSCRIPTION STATUS DETAILS
KN Agri Resources had 6.6 M shares on offer
KN Agri Resources IPO offer price was in the range ₹71 - ₹75
KN Agri Resources IPO minimum Investment was ₹120000
KN Agri Resources IPO issue size was ₹ 467.5 M - ₹ 493.8 M
KN Agri Resources had a minimum lot size of 1600 Shares per application
KN Agri Resources NUMBER OF SHARES ON OFFER
KN Agri Resources IPO IMPORTANT DATES
| Issue Open Date | 15 Mar 2022 |
| Issue close Date | 17 Mar 2022 |
| Allotment Date | 23 Mar 2022 |
| Refund Date | 24 Mar 2022 |
| Demat Account Credit Date | 25 Mar 2022 |
| Listing Date | 28 Mar 2022 |
| Listing on Exchange(s) | NSE |
| KN Agri Resources Allotment Status | Exchange |
KN Agri Resources IPO subscription opened on 15 Mar 2022, and closed on 17 Mar 2022
IPO allotment for KN Agri Resources was finalized on Wednesday, 23 Mar 2022
IPO listing for KN Agri Resources was on NSE on Monday, 28 Mar 2022
KN Agri Resources IPO LISTING GAINS
| Issue Price (adjusted) | 75.0 |
| Listing Open Price | 153.7 |
| Listing Close Price | 146.0 |
| Listing Gain% | 104.9% |
| Current Gain% | 174.0% |
KN Agri Resources 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 % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| KN Agri Resources Ltd. | 205.5 | 513.7 | 16.2 | -1.1 | 0.3 | 8.2 | 7.3 | 1821.4 | 5.4 | 31.7 | -14.5 | 12.7 | -14.5 |
| Varun Beverages Ltd. | 442 | 149504.9 | 44.2 | 2.3 | 6.2 | 15.5 | 11.9 | 22037.7 | 9.5 | 3036.5 | 17 | 10 | 18.9 |
| EID Parry (India) Ltd. | 805.1 | 14327.2 | 25.2 | -0.7 | 0.4 | 6.5 | 1.9 | 38883.4 | 21.6 | 569.5 | -35.2 | 32 | -35.2 |
| Avanti Feeds Ltd. | 906.6 | 12351.3 | 20.4 | 1.4 | 2 | 18.4 | 14.2 | 6276.5 | 8.6 | 606.1 | 14.6 | 44.5 | 14.6 |
| Manorama Industries Ltd. | 1636.2 | 10328.1 | 48.1 | 0.2 | 7.6 | 32 | 18.1 | 1377.1 | 73.9 | 214.9 | 95.8 | 34.1 | 204.8 |
| Sanstar Ltd. | 113.4 | 2066.8 | 60 | -2.8 | 2.6 | 5 | 4.3 | 796.4 | -18 | 34.4 | -21.3 | 1.9 | -21.3 |
KN Agri Resources INFORMATION ON IPO ISSUE
About KN Agri Resources
KN Agri Resources, incorporated in 1987 is an agro-based company, involved in the business of solvent extraction & oil refining and trading of various agro-commodities.
Object of the Issue
- To meet working capital requirements
- General corporate purpose
- To meet issue expenses
KN Agri Resources - PROMOTERS
| Name |
|---|
| Vijay Shrishrimal |
| Sanjay Shrishrimal |
| Dhirendra Shrishrimal |
KN Agri Resources Book running Lead Manager
Hem Securities Limited
ib@hemsecurities.com
KN Agri Resources Registrar to the issue
Link Intime India Private Limited
knagri.ipo@linktime.co.in
KN Agri Resources Strengths
Wide range of products
The company offers a wide range of soya bean products, allowing customers to source a variety of soya bean-related products.
Strategic location
The location is such that allows to cater to a much larger customer base, reduce logistic cost and achieve economies of scale
Robust financial performance
The company has a track record of maintaining robust financial performance
KN Agri Resources Risks
Legal proceedings
Promoters, promoters group and group company are parties to certain litigation and claims
Seasonal Volatility
The company is subject to seasonal mobility, which may cause fluctuations in financial condition
IPO FAQs
The promoters of the company are Vijay Shrishrimal, Sanjay Shrishrimal and Dhirendra Shrishrimal.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 71.0 - 75.0.
The IPO application opens on Mar 15, 2022 and closes on Mar 17, 2022.
The minimum lot size for the IPO is 1600. The maximum lot size for the IPO is 1600.
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 Mar 23, 2022.
The refund will be credited to your account on Mar 24, 2022.
The allotted shares will be credited to your demat on Mar 25, 2022.
KN Agri Resources Ltd.’s shares listed on the stock exchanges on Mar 28, 2022.