KN Agri Resources IPO Description
The company is primarily in the business of solvent extraction & oil refining and trading of various agro-commodities. Its 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, the company trades in various agro commodities such as maize, gram, pulses, sugar, soyabean, wheat etc.
KN Agri Resources has three strategically located plants in the state of Madhya Pradesh comprising of three solvent extraction plants, two oil refineries and one flour mill. As on the date of DRHP, it had 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.
Presently, the company markets its 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. Its customers include Adani Wilmar Limited, Cargill India, Bunge India and Ruchi Soya. The company also exports its products to countries such as Netherlands, Singapore, Bangladesh and Nepal. It markets refined oil primarily under “CLASSIC” and “KHAN-PAN” brands. It also has four wind energy power plants of combined capacity of 4.60 MW in the state of Madhya Pradesh, Maharashtra and Rajasthan.
Promoters of KN Agri Resources – Vijay Shrishrimal, Sanjay Shrishrimal, Dhirendra Shrishrimal, N Resources Private Limited, Anant Trafina Private Limited and Anant Counter Trade Private Limited
KN Agri IPO Details
| Subscription Dates | 15 – 17 March 2022 |
| Price Band | INR71 – 75 per share |
| Fresh issue | 6,584,000 shares (INR49.38 crore) |
| Offer For Sale | Nil |
| Total IPO size | 6,584,000 shares (INR49.38 crore) |
| Minimum bid (lot size) | 1,600 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge |
KN Agri Resources’ Financial Performance
| FY2019 | FY2020 | FY2021 | H1 FY2022 | |
| Revenue | 1,292.5 | 853.2 | 1,301.2 | 594.7 |
| Expenses | 1,261.2 | 835.4 | 1,266.2 | 572.6 |
| Net income | 21.4 | 13.2 | 26.2 | 16.8 |
KN Agri Resources Offer News
KN Agri Resources Offer Valuation (as of FY2021)
Earnings Per Share (EPS): INR14.22
Pre-IPO Price/Earnings (PE ratio): 4.99 – 5.27
Return on Net Worth (RONW): 16.51%
Net Asset Value (NAV): INR86.16 per share
KN Agri IPO GMP Daily Trend
| Date | KN Agri IPO GMP | Kostak | Subject to Sauda |
| 29 Mar 2022 | – | – | INR80,000 |
| 28 Mar 2022 | – | – | INR80,000 |
| 25 Mar 2022 | – | – | INR80,000 |
| 24 Mar 2022 | – | INR1,500 | INR80,000 |
| 23 Mar 2022 | – | INR1,500 | INR75,000 |
| 22 Mar 2022 | – | INR1,500 | INR75,000 |
| 21 Mar 2022 | – | INR1,500 | INR60,000 |
| 17 Mar 2022 | – | INR1,500 | INR45,000 |
| 16 Mar 2022 | – | INR1,500 | INR40,000 |
| 15 Mar 2022 | – | INR1,300 | INR36,000 |
| 14 Mar 2022 | – | INR1,300 | INR35,000 |
KN Agri Resources IPO Subscription – Live Updates
| Category | Non-retail | Retail | Total |
| Shares Offered | 2,355,200 | 2,355,200 | 4,710,400 |
| Day 1 | 1.89 | 5.71 | 3.80 |
| Day 2 | 6.90 | 22.37 | 14.63 |
| Day 3 | 321.85 | 81.33 | 201.59 |
KN Agri Resources Offer Registrar
Link Intime India Private Limited
C-101, 1st Floor,
247 Park, Lal Bahadur Shastri Marg,
Vikhroli (West), Mumbai 400 083,
Maharashtra, India
Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: [email protected]
Website: www.linkintime.co.in
KN Agri Resources Contact Details
KN Agri Resources Limited
KN Building, Subhash Road,
Ramsagarpara, Raipur – 492001
Phone: +91 43541100
Email: [email protected]
Website: www.knagri.com
KN Agri IPO Allotment Status
KN Agri IPO allotment is now available on Link Intime’s website. Click on this link to get allotment status.
KN Agri Resources IPO Timetable
| IPO Opening Date | 15 March 2022 |
| IPO Closing Date | 17 March 2022 |
| Finalisation of Basis of Allotment | 23 March 2022 |
| Initiation of refunds | 24 March 2022 |
| Transfer of shares to demat accounts | 25 March 2022 |
| Listing Date | 28 March 2022 |
| Opening Price on NSE | INR153.65 per share (up 104.87% from IPO price) |
| Closing Price on NSE | INR146 per share (up 94.67% from IPO price) |
KN Agri Resources IPO FAQs
What is KN Agri Resources IPO offer size?
KN Agri Resources offer size is INR49.38 crore.
What is KN Agri Resources IPO Price Band?
KN Agri Resources public offer price band is INR71 – 75 per share.
What is the lot size of KN Agri Resources IPO?
KN Agri Resources offer lot size and the minimum order is 1,600 shares.
What is KN Agri IPO GMP today?
KN Agri IPO GMP today is NA per share.
What is KN Agri Resources kostak rate today?
KN Agri Resources kostak rate today is INR1,500 per application.
What is KN Agri Resources Subject to Sauda rate today?
KN Agri Resources Subject to Sauda rate today is INR75,000 per application.