About the Company:
KN Agri Resources Ltd (Incorporated in 1987) is an agro-based Company, involved primarily in the business of solvent extraction & oil refining and trading of various agro-commodities.
Company’s 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,company trades in various agro commodities such as maize, gram, pulses, sugar, soyabean, wheat etc.
Presently, company markets the products to around 15 states in India of which majority portion of the revenue comes from the state of Madhya Pradesh, Gujarat, West Bengal and Maharashtra.
Company markets refined oil primarily under company’s registered brands “CLASSIC” and “KHAN-PAN”.
Company’s esteemed customers includes names such as Adani Wilmar Limited, Cargill India, Bunge India and Ruchi Soya.
Company’s major customers include agri-commodities dealers, trade houses, export houses and FMCG Companies.
Company also export the products to countries such as Netherlands, Singapore, Bangladesh and Nepal.
Company’s Manufacturing Facilities:
Company 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 plants gives company the competitive edge over other players in terms of procurement and availability of major raw material (i.e. soyabean seeds).
Company’s two manu acturing units, namely, Khandwa Oils – Unit I and Unit II situated in Khandwa, M.P., are spread in the wide area of around 20 acres, while another unit located in Kheda, Itarsi, M.P. is spread around an area of 10 acres.
Company’s Manufacturing Capacity:
Company has a cumulative solvent extraction capacity of 3,75,000 TPA, edible oil refining capacity of 60,000 TPA and flour milling capacity of 24,000 TPA.
Competitors in the Business:
Some of the listed competitors includes Ruchi Soya Industries Limited, Guj rat Ambuja Exports Limited, Gokul Agro Resources Ltd. and Kriti Nutrients Limited.
- Mr. Vijay Shrishrimal (Designation: Chairman & Managing Director)
- Mr. Sanjay Shrishrimal (Designation: Whole Time Director)
Objectives of the Issue:
Fresh: (Rs.49.38 cr)
- To meet Working Capital requirements.
- General Corporate Purpose.
- To meet issue expenses.
Financials of the Company:
|(in Crores)||FY 19||FY 20||FY 21||30th Sept 21|
|Issue Opens on||15th March 2022|
|Issue Closes on:.||17th March 2022|
|Issue Price||Rs.71 – 75|
|Issue Size||Rs.49.38 cr|
|Market Cap||Rs.187.49 cr|
|Listing at||NSE SME|
|Equity Shares Offered||65,84,000 (Rs.49.38 cr)|
|Equity Shares Prior||1,84,14,910|
|Equity Shares after the issue||2,49,98,910|
Also Read : List of Upcoming IPO’s in India.
Also Read : List of Upcoming SME IPO’s in India.
|Finalization of Basis of Allotment||on or Before 23rd March 2022|
|Initiation of Refunds||on or Before 24th March 2022|
|Credit of Equity Shares:||on or Before 25th March 2022|
|Listing Date:||on or Before 28th March 2022|
IPO Valuation Parameters:
|Earnings Per Share (EPS)||Price To Earnings ratio (PE)||Return on Net Worth (RoNW)||Net Asset Value (NAV)|
|Check IPO Allotment Status:|
Link InTime Website: https://linkintime.co.in/PublicIssue/
BSE IPO Website: https://www.bseindia.com/IPO/Allotment
|Company Contact Info:|
|KN Agri Resources Ltd
K.N. Building, Subhash Road,
Ramsagarpara, Raipur, 492001
Tel. No.: +91-771-2293706-08, 4016370
|IPO Registrar Info:|
|LINK INTIME INDIA PRIVATE LIMITED
C-101, 1 Floor, 247 Park,
L.B.S. Marg,Vikhroli (West), Mumbai,
Tel No.:+91-022-49186200; Fax No.: +91-022-49186060
Investor Grievance Email: email@example.com
|Lead Manager to the Issue:|
|HEM SECURITIES LIMITED
904,A Wing, Naman Midtown, Senapati Bapat Marg,
Elphinstone Road, Lower Parel, Mumbai-400013, India
Tel. No.: +91- 022- 49060000;
Fax No.: +91- 022- 22625991