KPR Agrochem IPO description – KPR Agrochem is an agri-input company focused on manufacturing, distribution and retailing of a wide range of crop yield enhancing and protection products. Its product portfolio includes crop protection, crop nutrients, seeds, veterinary feed supplements. Further, in order to secure supply of sulphuric acid, one of our key ingredients, the company has also ventured into manufacturing of sulphuric acid.  KPR Agrochem produces sulphuric acid as well as other sulphuric acid based chemicals like LABSA and oleum that have wider applications across industries like agrochemicals,veterinary feed supplements, pharmaceuticals, synthetic detergents etc. Its range of product encompasses products across the agri-value chain viz., from seeds to crop nutrients products to crop protection products and also veterinary feed supplements.
The company has set-up depots at 9 locations across India that are established based on the agricultural belts. KPR Agrochem has also appointed C & F Agents in 8 locations. Its products are distributed from depots or manufacturing location based warehouses/C & F Agents to a network of approximately 8,000 dealers spread across various states in India. Further, it has also set-up a chain of company operated retail outlets known as Kisan Seva Kendras in the East and West Godavari, Vizianagaram, Srikakulam, Visakhapatnam and Krishna districts of Andhra Pradesh; Warangal district of Telangana; and Koppal, Raichur, Bellary and Gadag districts of Karnataka.
Promoters of KPR Agrochem – Papa Reddy Kovvuri, Venkata Mukunda Reddy Karri, Rajasekhar Reddy Kovvuri, Satyanarayana Reddy Kovvuri (S/O Veeraraghava Reddy Kovvuri), Satyanarayana Reddy Kovvuri (S/O Ramachandra Reddy Kovvuri) and Cresco Technology LLP
| KPR Agrochem IPO details | |
| Subscription Dates | 28 June – 2 July 2019 (IPO withdrawn before launching) |
| Price Band | INR59 – 61 per share (retail discount – INR3 per share) |
| Fresh issue | INR210 crore |
| Offer For Sale | 12,000,000 shares (INR70.8 – 73.2 crore) |
| Total IPO size | INR280.8 – 283.2 crore |
| Minimum bid (lot size) | 200 shares |
| Face Value | INR10 per share |
| Retail Allocation | 40% |
| Listing On | NSE, BSE |
Objects of KPR Agrochem IPO
- Repayment/prepayment, in full or part, of certain borrowings – INR30 crore
- Working capital requirements – INR120 crore
- General corporate purposes
- Issue expenses
| KPR Agrochem’s consolidated financial performance (in INR crore) | ||||||
| Â | FY2014 | FY2015 | FY2016 | FY2017 | FY2018 | 9M FY2019 |
| Total revenues | 615.9 | 600.6 | 581.4 | 590.7 | 600.8 | 483.3 |
| Total expenses | 568.4 | 560.4 | 545.1 | 563.1 | 563.0 | 447.6 |
| Comprehensive income | 28.7 | 28.2 | 24.3 | 22.7 | 29.7 | 27.6 |
| Net margin (%) | 4.7 | 4.7 | 4.2 | 3.8 | 4.9 | 5.7 |
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KPR Agrochem Contact Details
KPR Agrochem Limited
Door No. 8-256
Tata Nagar
Balabhadrapuram – 533 343, Andhra Pradesh Phone: +91 8857 237 367/236 767
Email: [email protected]
Website:Â www.kpragrochem.com
Registrar of KPR Agrochem IPO
Karvy Computershare Private Limited
Karvy Selenium Tower B, Plot 31-32,
Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana Phone: +91 40 6716 2222Â
Fax:Â +91 40 2343 1551Â
Email: [email protected]
Website: www.karvycomputershare.com
Valuation of KPR Agrochem (FY2018)
Earnings Per Share (EPS): INR3.47
Price/Earnings (PE ratio): 17.00 – 17.58
Return on Net Worth (RONW): 13.34%
Net Asset Value (NAV): INR26.01 per share
KPR Agrochem IPO Subscription Details
| Category | Shares offered | Subscription (no. of times) | ||
| Day 1 | Day 2 | Day 3 | ||
| QIB | Â | Â | Â | Â |
| NII | Â | Â | Â | Â |
| Retail | Â | Â | Â | Â |
| Â | Â | Â | Â | Â |
| Total | Â | Â | Â | Â |
KPR Agrochem IPO Allotment Status
KPR Agrochem IPO allotment status will be available on Karvy website. Click on this link to get allotment status.
Listing Performance of KPR Agrochem
IPO Opening Date: 28 June 2019 (IPO withdrawn before launching)
IPO Closing Date: 2 July 2019 (IPO withdrawn before launching)
Finalisation of Basis of Allotment: 5 July 2019
Initiation of refunds: 8 July 2019
Transfer of shares to demat accounts: 9 July 2019
Listing Date: 10 July 2019
Listing Price on NSE: To be updated
Closing Price on NSE: To be updated
Must apply it.
KRP Agroteck – Grey market premium : Rs.5/-.
Minimum Applications Rate : 550/–600/-.
Full applications for Retails : Rs.2200/-