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
- Wide Range of Products
- ISO certified company with consistent and standardized product quality
- Huge in-house manufacturing capabilities
- Strategic location of manufacturing units
Company Promoters
- Vijay Shrishrimal;
- Sanjay Shrishrimal;
- Dhirendra Shrishrimal;
- N.Resources Private Limited;
- Anant Trafina Private Limited and
- Anant Counter Trade Private Limited
Company Financials
| Particulars | For the year/period ended (Rs in Lakh) | |||
|---|---|---|---|---|
| 30-Sep-21 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Total Assets | 20,189.43 | 19,255.07 | 14,835.30 | 19,466.14 |
| Total Revenue | 59,467.46 | 130,119.34 | 85,319.66 | 129,246.84 |
| Profit After Tax | 1,683.92 | 2,618.93 | 1,320.67 | 2,140.47 |
Objects Of The Issue
The proceeds of the Issue to meet the following objects:
- To meet Working Capital requirements
- General Corporate Purpose
- To meet issue expenses
KN Agri IPO Details
| IPO Opening Date | Mar 15, 2022 |
| IPO Closing Date | Mar 17, 2022 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹71 to ₹75 per equity share |
| Market Lot | 1600 Shares |
| Min Order Quantity | 1600 Shares |
| Listing At | NSE SME |
| Issue 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 ₹49.38 Cr) |
| QIB Shares Offered | Not more than 50% |
| Retail Shares Offered | Not less than 35% |
| NII (HNI) Shares Offered | Not less than 15% |
KN Agri IPO Tentative Timetable
| IPO Open Date | Mar 15, 2022 |
| IPO Close Date | Mar 17, 2022 |
| Basis of Allotment Date | Mar 23, 2022 |
| Initiation of Refunds | Mar 24, 2022 |
| Credit of Shares to Demat Account | Mar 25, 2022 |
| IPO Listing Date | Mar 28, 2022 |
KN Agri IPO Lot Size
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1600 | ₹120,000 |
| Maximum | 1 | 1600 | ₹120,000 |
KN Agri IPO Promoter Holding
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding | 73.66% |
KN Agri IPO Prospectus
Company Contact Information
| KN Agri Resources Limited KN Building, Subhash Road, Ramsagarpara, Raipur 492001 Phone: Email: info@kngroup.in Website: https://knagri.com/ |
KN Agri IPO Registrar
| Link Intime India Private Ltd Phone: +91-22-4918 6270 Email: knagri.ipo@linkintime.co.in Website: https://linkintime.co.in/ |
KN Agri IPO FAQs
| When KN Agri IPO will open? The KN Agri IPO dates are 15 March 2022 To 17 March 2022 |
| What is the lot size of KN Agri IPO ? KN Agri IPO lot size and the minimum order quantity is 1600 Shares. |
| How to apply for KN Agri IPO ? You can apply in KN Agri IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. |
| When is KN Agri IPO listing date? The KN Agri IPO listing date is announced. The date of KN Agri IPO listing is [28 March 2022]. |
