MRP Agro IPO Date, Review, Price Band

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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 nameMRP Agro IPO Ltd

Dates to remember

IPO Open08 February 2021
IPO Close10 February 2021
Basis of Allotment16 February 2021
Refunds date17 February 2021
Credit to Demat Account18 February 2021
 Listing Date19 February 2021

IPO Details

Issue typeFixed-PriceIPO
IPO issue size₹3.24 crore
IPO Open date08 February 2021
IPO Close date10 February 2021
Number of shares offered to the public810,000 shares
Face value₹10 per equity share
Offer price₹40 per equity share
Retail portion50%
Lot size3000 Nos
Minimum application1 lot – 3000 shares
Minimum application amount₹120,000
Listing ExchangeBSE (BSE Emerge SME platform)

Financial summary

MRP Agro’s financial performance (in INR lakh)
  FY2019FY2020H1 FY2021
Revenue 1,873.33,634.5857.1
Expenses 1,857.33,608.8838.0
Net income 12.018.914.2

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

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

MRP Agro IPO Subscription Details

DaySubscription (no. of times)
Day 10.23
Day 21.91
Day 33.21

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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