KPR Agrochem IPO

KPR Agrochem IPOKPR 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Subscription Dates28 June - 2 July 2019 (IPO withdrawn before launching)
Price BandINR59 - 61 per share (retail discount - INR3 per share)
Fresh issueINR210 crore
Offer For Sale12,000,000 shares (INR70.8 - 73.2 crore)
Total IPO sizeINR280.8 - 283.2 crore
Minimum bid (lot size)200 shares
Face Value INR10 per share
Retail Allocation40%
Listing OnNSE, 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)
FY2014FY2015FY2016FY2017FY20189M FY2019
Total revenues615.9600.6581.4590.7600.8483.3
Total expenses568.4560.4545.1563.1563.0447.6
Comprehensive income28.728.224.322.729.727.6
Net margin (%)4.74.74.23.84.95.7
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: 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 2222 
Fax:
 +91 40 2343 1551 
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
CategoryShares offeredSubscription (no. of times)
Day 1Day 2Day 3
QIB
NII
Retail
Total
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

One thought on “KPR Agrochem IPO

  • June 24, 2019 at 12:35 PM
    Permalink

    Must apply it.
    KRP Agroteck – Grey market premium : Rs.5/-.
    Minimum Applications Rate : 550/–600/-.
    Full applications for Retails : Rs.2200/-

    Reply

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