MRP Agro IPO is open for subscriptions from 08 February 2021 to 10 February 2021. the company aims for an issue size of ₹3.24 Crore through this fixed price SME IPO.
Also read: IPO List 2021: a complete list of IPOs in 2021
MRP Agro Limited
Incorporated in 2018, MRP Agro is engaged in the trading of food grains, fly-ash, and coal including the import and export of such products with a large base of consumers. The company has a trading network in urban and rural areas. ARP Agro purchases the food grains, fly-ash, and coal from the local market by way of the auction in large quantity and further sells the products after clearing the Quality check to the wholesalers.
Its business model is B2B (Business to Business Basis) as it deals in bulk trading of food grains, fly-ash, and coal. The company has local mandi licenses for the purchase of food grains via auction from the local market of Tikamgarh, Madhya Pradesh. Also, the company is a registered dealer with the Department of Mines & Geology, Government of Jharkhand for Purchase of Mineral such as Coal.
Objective of the Issue
- To meet working capital requirements.
- For the issue expenditures.
- To meet general corporate purposes.
Competitive Strengths
- Strong quality standard and assurance.
- Large distribution network in urban and rural areas.
- Highly experienced promoters.
Basic details about the company
| Full name | MRP Agro IPO Ltd |
| Sector | Trading |
| Industry | Trading |
| Company Website | www.mrpagro.com |
Dates to remember
| IPO Open | 08 February 2021 |
| IPO Close | 10 February 2021 |
| Basis of Allotment | 16 February 2021 |
| Refunds date | 17 February 2021 |
| Credit to Demat Account | 18 February 2021 |
| Listing Date | 19 February 2021 |
IPO Details
| Issue type | Fixed-PriceIPO |
| IPO issue size | ₹3.24 crore |
| IPO Open date | 08 February 2021 |
| IPO Close date | 10 February 2021 |
| Number of shares offered to the public | 810,000 shares |
| Face value | ₹10 per equity share |
| Offer price | ₹40 per equity share |
| Retail portion | 50% |
| Lot size | 3000 Nos |
| Minimum application | 1 lot – 3000 shares |
| Minimum application amount | ₹120,000 |
| Listing Exchange | BSE (BSE Emerge SME platform) |
Financial summary
| MRP Agro’s financial performance (in INR lakh) | ||||
| FY2019 | FY2020 | H1 FY2021 | ||
| Revenue | 1,873.3 | 3,634.5 | 857.1 | |
| Expenses | 1,857.3 | 3,608.8 | 838.0 | |
| Net income | 12.0 | 18.9 | 14.2 |
Valuation of MRP Agro (FY2020)
| Earnings Per Share (EPS) | ₹ 2.62 |
| Price/Earnings (PE ratio) | 15.27 |
| Return on Net Worth (RONW) | 11.23% |
| Net Asset Value (NAV) | ₹ 25.04per share |
Company Promoters
- Mr. Manish Kumar Jain
- Mrs. Raksha Jain
- Manish Kumar Jain HUF
Lead managers
- Beeline broking Ltd
Registrar of MRP Agro IPO
Skyline Financial Services Pvt Ltd
A/505, Dattani Plaza,
Andheri Kurla Road Safeed Pool
Andheri (E), Mumbai- 400072
Maharashtra, India
Phone: +91 22 2851 1022
Email: grievances@skylinerta.com
Website: www.skylinerta.com
MRP Agro Contact Details
MRP Agro Limited
House No. 100, First Floor, Ward No.23 Infront of Thane Ajak Civil Line Road
Tikamgarh- 472001
Madhya Pradesh
Phone: +91 7683-240342
Email: info@mrpagro.com
Website: www.mrpagro.com
MRP Agro IPO Subscription Details
| Day | Subscription (no. of times) |
| Day 1 | 0.23 |
| Day 2 | 1.91 |
| Day 3 | 3.21 |
MRP Agro IPO Allotment Status
MRP Agro IPO allotment status will be available on Skyline Financial Services’ website.
Click on this link to get allotment status.
Final thoughts
MRP Agro IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post gave you enough details to make a fundamental study of the company. learn well and make a wise decision.
happy investing
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