KPR Agrochem IPO - Grey Market, GMP & Reviews

IPO Details

Issue Date 28/06 - 02/07
Issue Size ₹210.0 Cr
Issue Price ₹59 - 61
Market Lot 200 Shares
Shares on Offer 12,000,000
Registrar
GMP N/A
Kostak ₹800 - 850
Subject to Sauda N/A
Listing Date 10/07
Listing Price N/A
Listing Gain% N/A

About K.P.R. Agrochem Limited

KPR Agrochem is an agri-input Company focused on manufacturing, distribution and retailing of a wide range of crop yield enhancing and protection products. Their product portfolio includes crop protection, crop nutrients, seeds, veterinary feed supplements. Further, in order to secure supply of sulphuric acid, one of their key ingredients, they also ventured into manufacturing of sulphuric acid. They produce sulphuric acid as well as other sulphuric acid based chemicals like LABSA, DMS and Oleum that have wider applications across industries like agrochemicals, veterinary feed supplements, pharmaceuticals, synthetic detergents etc. Their 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.

Majority of their sales is from branded products like “FAST” (application has been made for trademark registration), “MOTOX - 10G” (trademark registered), “SAMRAT ATRAZINE 50% WP” (application has been made for trademark registration) and “MEGA IMIDA” (application has been made for trademark registration) brands for crop protection; “AJAY (14-35-14)” (trademark registered) and “AJAY (20-20-0)” (trademark registered) for NPK mixture crop nutrient products; “ANNADATA SINGLE SUPER PHOSPHATE” for single super phosphate; “ABHAYA CAL MIX” (trademark registered) for di-calcium phosphate and “APURVA SEEDS” (application has been made for trademark registration) for seeds. To ensure timely supply and availability of their products as well as achieve last mile connectivity with the farmers, they have set-up Company operated depots at 11 locations across India that are established based on the agricultural belts and / or having ease of connectivity with their dealer network. They have also appointed C & F Agents in 8 locations. Their products are distributed from their depots / manufacturing location based warehouses/ C & F Agents to a network of approximately 8,000 dealers spread across various states in India. Further, their Company 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 where their primary manufacturing operations are conducted as a channel of direct sales to their end customers.

They operate three manufacturing facilities viz one each at Balabhadrapuram and Biccavolu in East Godavari district of Andhra Pradesh and one in Koppal district, Karnataka and their seed processing unit is located in Warangal district, Telangana which is operated under their wholly-owned subsidiary Sri Sai Swarupa Seeds Private Limited. They have an installed capacity of 555,000 MTPA of crop nutrient products, 21,560 MTPA of crop protection products, 32,400 MTPA for veterinary feed supplements, 162,600 MTPA for chemicals and the installed capacity of their seed processing unit is 15,000 MTPA. They have also set-up a waste heat recovery plant at their manufacturing facility at Biccavolu, East Godavari as well as Koppal, Karnataka to generate power in order to optimally use the steam produced during the manufacturing of sulphuric acid. The aggregate capacity of their waste heat recovery power plants is 2.5 MW (1.5 MW at Biccavolu, Andhra Pradesh and 1 MW at Koppal, Karnataka) which caters to their captive power requirements at their manufacturing facilities.

They have a quality control laboratory at (i) Biccavolu facility, Andhra Pradesh, (ii)Balabhadrapuram facility, Andhra Pradesh; (iii) Warangal facility, Telangana; and (iv) Koppal facility, Karnataka, which primarily monitors the quality of their major raw materials and finished goods. Further, they have received quality control certifications relating to their products and manufacturing facilities including ISO 14001:2004 certificate for operating as environmental management system for their manufacturing facilities located at Biccavolu and Balabhadrapuram, Andhra Pradesh and Koppal, Karnataka having scope of manufacturing and supply of pesticides, fertilizers, chemicals, API’s and animal nutrients; OHSAS 18001:2007 certificate for operating as occupational health and safety management system for Biccavolu facility and Balabhadrapuram facility, Andhra Pradesh and Koppal facility, Karnataka having scope of manufacturing and supply of pesticides, fertilizers, chemicals, API’s and animal nutrients; ISO 9001:2015 certificate for operating as quality management system for manufacturing facilities at Balabhadrapuram and Bicaavolu, Andhra Pradesh having scope of manufacturing & supply of pesticides, fertilizers, chemicals, bulk drugs and animal nutrients; license as per IS 5470:2002 for the product dicalcium phosphate animal feed grade for manufacturing facility at Biccavolu, Andhra Pradesh and license as per IS 1664:2002 for the product mineral mixture supplementing cattle feed type 1 and 2 for manufacturing facility at Biccavolu, Andhra Pradesh.

Company Financials

Particulars 31-Dec-17 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Total Assets (In ₹ Millions) 8,497.14 8,578.55 7,975.04 7,300.44 7,106.61 7,347.28
Total Revenue (In ₹ Millions) 4,247.17 5,564.84 5,529.20 5,738.27 5,929.47 5,621.31
Profit After Tax (PAT) (In ₹ Millions) 203.01 218.27 234.62 270.47 270.17 142.19

K.P.R. Agrochem Limited IPO Reviews

  • Rating: 
  • Recommendation:
  • We recommend subscription of KPR Agrochem IPO.
  • KPR Agro IPO withdrawn for some unknown reasons.

Subscription Details

Date & Time QIB NII RII Total
Day 1 - 28 Jun 2019
Day 2 - 01 Jul 2019
Day 3 - 02 Jul 2019

Allotment Status

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IPO Allotment Status

K.P.R. Agrochem Limited IPO FAQs

  1. When will K.P.R. Agrochem Limited IPO open?

    K.P.R. Agrochem Limited IPO will open on 28/06 and close on 02/07.

  2. What is the listing date of K.P.R. Agrochem Limited IPO?

    K.P.R. Agrochem Limited IPO will list on 10/07.

  3. What is the offer price of K.P.R. Agrochem Limited IPO?

    The offer price of K.P.R. Agrochem Limited IPO is ₹59 - 61.

  4. What is the lot size of K.P.R. Agrochem Limited IPO?

    The lot size of K.P.R. Agrochem Limited IPO is 200.

  5. What is the Grey Market Premium (GMP) price of K.P.R. Agrochem Limited IPO?

    The Grey Market Premium (GMP) price of K.P.R. Agrochem Limited IPO is Not Available at the moment.

  6. What is the Kostak price of K.P.R. Agrochem Limited IPO?

    The Kostak price of K.P.R. Agrochem Limited IPO is ₹800 - 850.

  7. What is the Subject to Sauda price for K.P.R. Agrochem Limited IPO?

    The Subject to Sauda price for K.P.R. Agrochem Limited IPO is Not Available at the moment.

K.P.R. Agrochem Limited IPO Review/Comments

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