KN Agri Resources Limited IPO (KN Agri IPO) Detail

Incorporated in 1987, KN Agri Resources is an agro-based company, involved in the business of solvent extraction & 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 range of processed and manufactured products 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. Company trade 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.

Company market its products to around 15 states in India of which the majority portion of the revenue comes from the state of Madhya Pradesh, Gujarat, West Bengal, and Maharashtra.

Competitive Strengths

  1. Wide Range of Products
  2. ISO certified company with consistent and standardized product quality
  3. Huge in-house manufacturing capabilities
  4. Strategic location of manufacturing units

Company Promoters:

The Promoters of our Company are:

  1. Vijay Shrishrimal;
  2. Sanjay Shrishrimal;
  3. Dhirendra Shrishrimal;
  4. N.Resources Private Limited;
  5. Anant Trafina Private Limited and
  6. Anant Counter Trade Private Limited

Company Financials:

ParticularsFor the year/period ended (Rs in Lakh)
Total Assets20,189.4319,255.0714,835.3019,466.14
Total Revenue59,467.46130,119.3485,319.66129,246.84
Profit After Tax1,683.922,618.931,320.672,140.47

Objects of the Issue:

The proceeds of the Issue to meet the following objects:

  1. To meet Working Capital requirements
  2. General Corporate Purpose
  3. To meet issue expenses

KN Agri IPO Details

IPO Opening DateMar 15, 2022
IPO Closing DateMar 17, 2022
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price₹71 to ₹75 per equity share
Market Lot1600 Shares
Min Order Quantity1600 Shares
Listing AtNSE SME
Issue Size6,584,000 Eq Shares of ₹10
(aggregating up to ₹49.38 Cr)
Fresh Issue6,584,000 Eq Shares of ₹10
(aggregating up to ₹49.38 Cr)

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 lots (1600 shares or ₹120,000).

ApplicationLotsSharesAmount (Cut-off)

3rd Party IPO Application

SBI Bank, Axis Bank, Bank of Baroda (BoB), RBL Bank and IndusInd Bank.

Company Contact Information

KN Agri Resources Limited
KN Building, Subhash Road,
Raipur 492001

KN Agri IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270

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