KPR Agrochem’s Rs 283.2 crore IPO to open on Friday
The offer consists of a fresh issue of up to Rs 210 crore, and an offer for sale of up to Rs 73.2 crore.
By ETMarkets.com |
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Mumbai: Agri-input company KPR Agrochem’s initial public offer (IPO) to raise up to Rs 283.20 crore is set to open on Friday.
The offer consists of a fresh issue of up to Rs 210 crore, and an offer for sale of up to Rs 73.2 crore, with the equity shares priced in the band of Rs 59-61 per share.
The earliest closing date of the issue is July 2.
The QIB (qualified institutional investors) category will be up to 25 per cent, non-institutional investors category will be not less than 35 per cent and the retail portion will be not less than 40 per cent.
Further, the IPO also has a reservation of up to 430,000 equity shares for eligible employees. Equity shares in the IPO are offered at a discount of Rs 3 per equity share to the retail and eligible employee category.
The Book Running Lead Manager to the Issue is PL Capital Markets.
IndiaMART is the country's largest online B2B marketplace for business products and services. According to the company’s DRHP, it had a market share of around 60 per cent in the online B2B classified space in India in FY17.
This platform is mainly for business buyersto discover products, services and contact details of suppliers. Its suppliers include Indian SMEs as well as large businesses, who are manufactures, wholesales, exporters and retailers.
IndiaMART had an aggregate 723.5 million visits in FY2019, of which 550.3 million comprised mobile traffic at 76 per cent of the total.
As of March 31, 2019, the company had 82.70 million registered buyers and 5.55 million supplier storefronts in India. These storefronts had listed 60.73 million products, of which 76 per cent comprised products and 24 per cent services.
Andhra Pradesh-based KPR Agrochem is an agri-input company focused on manufacturing, distribution and retailing of a wide range of crop yield enhancing and protection products.
The company's products range from seeds to crop nutrients products to crop protection products and also veterinary feed supplements.
Further, in order to secure the supply of sulphuric acid, one of the key ingredients for the company’s various products, the company also ventured into manufacturing of sulphuric acid. It also produces other sulphuric acid-based chemicals like Labsa and Oleum that have wider applications across industries like agrochemicals, veterinary feed supplements, pharmaceuticals, synthetic detergents.
The offer consists of a fresh issue of up to Rs 210 crore, and an offer for sale of up to Rs 73.2 crore, with the equity shares priced in the band of Rs 59-61 per share.
The earliest closing date of the issue is July 2.
The QIB (qualified institutional investors) category will be up to 25 per cent, non-institutional investors category will be not less than 35 per cent and the retail portion will be not less than 40 per cent.
Further, the IPO also has a reservation of up to 430,000 equity shares for eligible employees. Equity shares in the IPO are offered at a discount of Rs 3 per equity share to the retail and eligible employee category.
The Book Running Lead Manager to the Issue is PL Capital Markets.
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This platform is mainly for business buyersto discover products, services and contact details of suppliers. Its suppliers include Indian SMEs as well as large businesses, who are manufactures, wholesales, exporters and retailers.
IndiaMART had an aggregate 723.5 million visits in FY2019, of which 550.3 million comprised mobile traffic at 76 per cent of the total.
As of March 31, 2019, the company had 82.70 million registered buyers and 5.55 million supplier storefronts in India. These storefronts had listed 60.73 million products, of which 76 per cent comprised products and 24 per cent services.
Andhra Pradesh-based KPR Agrochem is an agri-input company focused on manufacturing, distribution and retailing of a wide range of crop yield enhancing and protection products.
The company's products range from seeds to crop nutrients products to crop protection products and also veterinary feed supplements.
Further, in order to secure the supply of sulphuric acid, one of the key ingredients for the company’s various products, the company also ventured into manufacturing of sulphuric acid. It also produces other sulphuric acid-based chemicals like Labsa and Oleum that have wider applications across industries like agrochemicals, veterinary feed supplements, pharmaceuticals, synthetic detergents.
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KPR Agrochem received clearance from the Sebi on April 5.Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
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