MRP Agro IPO Details
MRP Agro IPO description – MRP Agro is engaged in trading of food grains, fly-ash and coal including import and export of such products with a large base of consumers. The company has trading network in urban and rural areas. ARP Agro purchases the food grains, fly-ash and coal from local market by way of auction in large quantity and further sells the products after clearing the Quality check to the wholesalers.
Its business model is B2B (Business to Business Basis) as it deals in bulk trading of food grains, fly-ash and coal. The company has local mandi licenses for purchase of food grains via auction from local market of Tikamgarh, Madhya Pradesh. Also, the company is a registered dealer with Department of Mines & Geology, Government of Jharkhand for Purchase of Mineral such as Coal.
Promoters of MRP Agro – Mr Manish Kumar Jain, Mrs Raksha Jain And Manish Kumar Jain HUF
| MRP Agro IPO details | |
| Subscription Dates | 8 – 10 February 2021 |
| Price Band | INR40 per share |
| Fresh issue | 810,000 shares (INR3.24 crore) |
| Offer For Sale | Nil |
| Total IPO size | 810,000 shares (INR3.24 crore) |
| Minimum bid (lot size) | 3,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME platform |
|
MRP Agro’s financial performance (in INR lakh) |
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| Â | Â | FY2019 | FY2020 | H1 FY2021 |
| Revenue | Â | 1,873.3 | 3,634.5 | 857.1 |
| Expenses | Â | 1,857.3 | 3,608.8 | 838.0 |
| Net income | Â | 12.0 | 18.9 | 14.2 |
| Â | Â | Â | Â | Â |
Registrar of MRP Agro IPO
Skyline Financial Services Pvt Ltd
A/505, Dattani Plaza,
Andheri Kurla Road Safeed Pool
Andheri (E), Mumbai- 400072
Maharashtra, IndiaÂ
Phone: +91 22 2851Â 1022
Email:Â [email protected]
Website: www.skylinerta.com
Valuation of MRP Agro IPO (FY2020)
Earnings Per Share (EPS): INR2.62
Price/Earnings (PE ratio): 15.27
Return on Net Worth (RONW): 11.23%
Net Asset Value (NAV): INR25.04 per share
MRP Agro IPO Subscription Details
| Day |
Subscription (no. of times) |
| Day 1 |
0.23 |
| Day 2 |
1.91 |
| Day 3 |
3.21 |
MRP Agro Contact Details
MRP Agro Limited
House No. 100, First Floor, Ward No.23 Infront of Thane Ajak Civil Line Road
Tikamgarh- 472001
Madhya Pradesh
Phone: +91 7683-240342
Email: [email protected]
Website: www.mrpagro.com
MRP Agro IPO Allotment Status
MRP Agro IPO allotment status will be available on Skyline Financial Services’ website. Click on this link to get allotment status.
Listing Performance of MRP Agro
IPO Opening Date: 8 February 2021
IPO Closing Date: 10 February 2021
Listing Date: 18 February 2021
Opening Price on BSE SME: INR37.8 per share (down 5.5% from IPO price)
Closing Price on BSE SME: INR37.8 per share (down 5.5% from IPO price)
