KPR Agrochem Ltd IPO

KPR Agrochem Ltd IPO

What does company do?

K.P.R. Agrochem Limited is an agri-input Company focused on manufacturing, distribution and retailing of a wide range of crop yield-enhancing and protection products.

The company offers a wide product range including crop nutrients, crop protection, veterinary feed supplements, sulphuric acid and variety of seeds. The company also manufactures sulphuric acid-based chemicals such as oleum and LABSA which are used in synthetic detergents, agrochemicals, pharmaceuticals, and veterinary feed supplement industries.

Some of the branded products offered by the company are: FAST, MOTOX – 10G, SAMRAT ATRAZINE 50% WP, MEGA IMIDA, ABHAYA CAL MIX, APURVA SEEDS, AJAY (14-35-14) and AJAY (20-20-0).

Competitive Strength of the company are

  • Wide range of agro-input products
  • Strong and rapidly growing distribution chain
  • Independent raw material sourcing capabilities
  • Certified three manufacturing units

Object of the Issue

  •  Repayment/prepayment, in full or part, of certain borrowings availed by the Company;
  •  To meet additional working capital requirement of the Company;
  •  General corporate purposes

Promoters of the Company

  • Papa Reddy Kovvuri
  • Venkata Mukunda Reddy Karri
  • Rajasekhar Reddy Kovvuri
  • Satyanarayana Reddy Kovvuri
  • Cresco Technology LLP

Lead Manager of the Company

  • P.L. Capital

Registrar of the Company

  • Karvy Computershare Private Limited

Company Financial Performance (in INR crore)

 

 

 

 

 

IPO Issue Details

  • Issue Type : Book Built Issue IPO
  • Issue Size : 46,426,229 Eq Shares of Rs 10 (aggregating up to Rs 283.20 Cr)
  • Fresh Issue : 34,426,229 Eq Shares of Rs 10 (aggregating up to Rs 210.00 Cr)
  • Offer for Sale : 12,000,000 Eq Shares of Rs 10 (aggregating up to Rs 73.20 Cr)
  • Face Value : Rs 10 Per Equity Share
  • Listing At : BSE, NSE

Allotment Process 

You can contact your share broker and ask them for your allotment.

Listing Performance

  • Finalisation of Basis of Allotment : Jul 5, 2019
  • Initiation of refunds : Jul 8, 2019
  • Transfer of shares to demat accounts : Jul 9, 2019
  • Listing Date : Jul 10, 2019

Valuations

  • 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

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