KN Agri Resources Limited IPO
NSE SME₹120,000 / 1600 Shares
KN Agri Resources Limited IPO Details
The KN Agri Resources Limited IPO price band is set between ₹71-75 per equity share, with a face value of ₹10 per share. The issue is managed by Link Intime India Private Ltd, and the equity shares are proposed to be listed on the NSE SME.
The IPO date for subscription opens on 15 Mar, 2022 and closes on 17 Mar, 2022. Investors can check the allotment status on 23 Mar, 2022, while the listing date is tentatively scheduled for 28 Mar, 2022.
The total issue size is 6,584,000 Eq Shares of ₹10 , aggregating up to ₹49.38 Cr. Stay tuned for the latest KN Agri Resources Limited IPO review and GMP updates.
KN Agri Resources Limited IPO Review, Rating & Analysis
KN Agri Resources Limited IPO Review
NO REVIEWKN Agri Resources Limited IPO Rating
KN Agri Resources Limited IPO Highlights
IPO Date
Mar 15, 2022 - Mar 17, 2022
Listing Date
28 Mar, 2022
Face Value
₹10 Per Equity Share
Price Band
₹71-75 per equity share
Lot Size
-
Fresh Issue
Shares
Offer for Sale
-
Listing At
NSE SME
KN Agri Resources Limited IPO Lot Size
The minimum market lot for KN Agri Resources Limited IPO is 1600 shares with an application amount of ₹1,20,000. Retail investors can apply for up to 1 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹1,20,000 |
| Retail (Max) | 1 | 1600 | ₹1,20,000 |
| S-HNI (Min) | 2 | 3200 | ₹2,40,000 |
| S-HNI (Max) | 8 | 12800 | ₹9,60,000 |
| B-HNI (Min) | 9 | 14400 | ₹10,80,000 |
KN Agri Resources Limited IPO Timeline
Issue Price
₹71-75 per equity shareFace Value
₹10 Per Equity ShareListing at Group
NSE SMERegistrar
Link Intime India Private LtdLead Manager
Hem Securities LimitedIssue Size
6,584,000 Eq Shares of ₹10 (aggregating up to ₹49.38 Cr)#Fresh Issue: 6,584,000 Eq Shares of ₹10 (aggregating up to ₹73.66 Cr)KN Agri Resources Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 30 Sep 21 | 201.89 | 594.67 | 16.83 | - | - | - |
| 31 Mar 21 | 192.55 | 1301.19 | 26.18 | - | - | - |
| 31 Mar 20 | 148.35 | 853.19 | 13.20 | - | - | - |
| 31 Mar 19 | 194.66 | 1292.46 | 21.40 | - | - | - |
All values are in ₹ Cr.
Promoters & Share Holding
Promoter(s) Name
- Mr. Vijay Shrishrimal
- Mr. Sanjay Shrishrimal
- Mr. Dhirendra Shrishrimal
- K.N.Resources Private Limited
- Anant Trafina Private Limited
- Anant Counter Trade Private Limited
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 99.99% | 73.66% |
About Company
KN Agri Resources is an agro-based company, involved in the business of solvent extraction & oil refining and trading of various agro-commodities. KN Agri customers include agri-commodities dealers, trade houses, export houses, and FMCG Companies such as Adani Wilmar Limited, Cargill India, Bunge India, and Ruchi Soya. KN Agri offers a wide range of processed and manufactured products including soya de-oiled cake (soya meal), Hipro Soya Meal, soya refined oil, soya crude oil, degummed oil, soya lecithin, acid oil, soya husk, cottonseed oil, refined rapeseed oil, and rapeseed de-oiled cake. Company trade in various agro commodities such as maize, gram, pulses, sugar, soybean, wheat, etc. KN Agri has three plants located in Khandwa and Itarsi in Madhya Pradesh. These plants include three solvent extraction plants, two oil refineries, and one flour mill. Company market its products to around 15 states in India of which the majority portion of the revenue comes from the state of Madhya Pradesh, Gujarat, West Bengal, and Maharashtra. Competitive Strengths 1. Wide Range of Products 2. ISO certified company with consistent and standardized product quality 3. Huge in-house manufacturing capabilities 4. Strategic location of manufacturing units
KN Agri Resources Limited IPO Subscription Details
| As on | QIB/NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 3,123,200 / 939,200 | 2,188,800 | 6,251,200 |
Day 1 -15-03-22 05:00 PM | QIB-0.00x NII-4.73 x | 6.14 x | 2.86 x |
Day 2 -16-03-22 05:00 PM | QIB-1.17x NII-13.43 x | 24.07 x | 11.03 x |
Day 3 -17-03-22 06:00 PM | QIB-10.66x NII-771.64 x | 87.52 x | 151.90 x |
Frequently Asked Questions about KN Agri Resources Limited IPO IPO
When will KN Agri Resources Limited IPO open for subscription?
The KN Agri Resources Limited IPO opens on 15 Mar, 2022 and closes on 17 Mar, 2022.
What is the investors portion for KN Agri Resources Limited IPO?
The investors' portion for QIB is , NII is N/A, and Retail is 2188800.
How to apply for KN Agri Resources Limited IPO?
You can apply for KN Agri Resources Limited IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of KN Agri Resources Limited IPO?
The issue size of KN Agri Resources Limited IPO is approx ₹6,584,000 Eq Shares of ₹10 (aggregating up to ₹49.38 Cr)#Fresh Issue: 6,584,000 Eq Shares of ₹10 (aggregating up to ₹73.66 Cr) crores.
What is the price band of KN Agri Resources Limited IPO?
The price band for KN Agri Resources Limited IPO is ₹71 to ₹75 per equity share.
What is the lot size of KN Agri Resources Limited IPO?
The minimum bid (lot size) for KN Agri Resources Limited IPO is N/A shares with an investment of approx ₹120,000 .
What is the allotment date of KN Agri Resources Limited IPO?
The allotment date for KN Agri Resources Limited IPO is 23 Mar, 2022.
What is the listing date of KN Agri Resources Limited IPO?
The listing date for KN Agri Resources Limited IPO is expected to be 28 Mar, 2022.
What is the GMP of KN Agri Resources Limited IPO?
The latest Grey Market Premium (GMP) for KN Agri Resources Limited IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.