KN Agri IPO Details:
Contents
When is KN Agri IPO Launching?
The KN Agri IPO opens on Mar 15, 2022, and closes on Mar 17, 2022.
KN Agri IPO Tentative Timetable
The KN Agri IPO open date is Mar 15, 2022, and the close date is Mar 17, 2022. The issue may list on Mar 28, 2022.
| 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 |
| The credit of Shares to Demat Account | Mar 25, 2022 |
| IPO Listing Date | Mar 28, 2022 |
KN Agri IPO Lot Size
The KN Agri IPO market lot size is 1600 shares. A retail-individual investor can apply for up to 1 lot (1600 shares or ₹120,000).
| Application | Lots | Shares | Amount (Cut-off) |
| Minimum | 1 | 1600 | ₹120,000 |
| Maximum | 1 | 1600 | ₹120,000 |
KN Agri IPO is an SME IPO of 6,584,000 equity shares of the face value of ₹10 aggregating up to ₹49.38 Crores. The issue is priced at ₹71 to ₹75 per equity share. The minimum order quantity is 1600 Shares.
KN Agri IPO Promoter Holding
The Promoters of our Company are:
- Vijay Shrishrimal;
- Sanjay Shrishrimal;
- Dhirendra Shrishrimal;
- N.Resources Private Limited;
- Anant Trafina Private Limited and
- Anant Counter Trade Private Limited
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding | 73.66% |
KN Agri IPO Company Financials
| Summary of financial Information (Restated Consolidated) | |||||
| 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 | |
About KN Agri IPO
Established in 1987, KN Agri Resources is an agro-based company, involved in the business of solvent extraction and 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 scope of handled and fabricated items 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. The company trades 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.
The company markets its items to around 15 states in India of which the greater part piece of the income comes from the province of Madhya Pradesh, Gujarat, West Bengal, and Maharashtra.
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 GMP Today
The KN Agri IPO GMP Grey market premium is 0 Rs.
How to apply for KN Agri IPO
You can apply in KN Agri IPO online using either UPI or ASBA as a payment strategy. ASBA IPO application is accessible in the net banking of your bank account. UPI IPO application is offered by merchants who don’t offer banking services. Peruse more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank, and SBI Bank.
Final Review
This issue from the FMCG segment is estimated beneficially. It has a soundtrack record with the exception of FY20 where it experienced difficulty following an awful catastrophe. Investors might consider investing in it for short to long-term rewards.
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