Keventers Agro Limited IPO

Keventers Agro Limited IPO aims to raise Rs. 3000 million through fresh issue and it is also providing 10,767,664 equity shares in the form of offer for sale (OFS). Keventers Agro Limited’s goal is to repay the company’s outstanding borrowings and produce funds for the company’s growth and development. 

Keventers Agro Limited IPO – Important Details

Keventers Agro Limited IPO Date To be announced
Keventers Agro Limited IPO Listing Date To be announced
Keventers Agro Limited IPO Price To be announced
Keventers Agro Limited IPO Lot Size To be announced
Keventers Agro Limited IPO Total Issue Size To be announced
Keventers Agro Limited IPO Basis of Allotment To be announced
Keventers Agro Limited IPO Initiation of Refunds To be announced
Keventers Agro Limited IPO Credit of Shares to Demat To be announced
Keventers Agro Limited IPO Issue Type Book Built Issue IPO
Keventers Agro Limited IPO Listing At BSE, NSE

Keventers Agro Limited IPO – Company Profile

Keventer Agro, a Kolkata-based FMCG powerhouse, has established its dominance in the food sector, servicing 160,000-170,000 retail touchpoints through a 3,126 distributor-strong network across numerous states. 

Despite its roots in the East, it’s expanding its reach to northern states like Rajasthan, Punjab, and UP. The company has displayed impressive growth, with an 18.46% CAGR over the last decade, mainly driven by its traditional sales channels that contribute 92.5% of total sales.

Keventers Agro Limited IPO Objective

The main objectives of Keventer Agro’s forthcoming IPO include allocating Rs. 155 crore for the repayment and prepayment of company debt and using Rs. 110.76 crore to meet the company’s capital expenditure needs.

Keventer Agro Ltd IPO Risks And Challenges

Keventer Agro’s IPO faces potential risks including operational disruption or under-utilization in manufacturing, quality compromise affecting brand reputation, and possible trading suspensions due to non-compliance with securities regulations.

  1. Manufacturing Concerns: Any slowdown, disruptions, or under-utilization in the manufacturing process can negatively impact business operations and financials.
  2. Product Quality: The company’s reputation and sales could be adversely affected if there is any compromise in the quality of its products.
  3. Brand Recognition: Failure to maintain or enhance customer’s brand recognition can lead to a loss in business.
  4. Securities Regulation Compliance: There have been instances where the securities of certain promoters were suspended from trading on the Calcutta Stock Exchange due to non-compliance, posing a potential risk.

Keventer Agro Ltd Peer Comparison

Particulars Keventers Agro Limited ITC Limited Nestle India Limited Dabur India Limited
Face value per equity share (₹)  5 10 
P/ E  N/A 19.3x  82.7x  61.4x 
Total income (in ₹ million)  8,360.25 557,876.8  134,958.8  98,869.4 
Earnings / (Loss) per Equity Share (Basic) (₹) -29.05 10.70 215.98 9.58
Net worth (in ₹ million) 960.98 603,473.4  20,193.4  76,635.3 
RoNW (%) -79.27 21.82  103.12  22.09 
NAV per Equity Share (₹) 38.69 49.03 209.44 43.36

Keventer Agro Ltd Financial Information

Below is a comprehensive view of the financials for Keventer Agro Limited over the past three fiscal years:

Particular As at 31 March 2019 As at 31 March 2020 As at 31 March 2021
Revenue (₹ in Million) 8,844.12 9,582.54 8,360.25
Equity (₹ in Million) 1,754.12 1,785.14 1, 014.68
Expenses (₹ in Million) 8,692.82 9,565.74 9,148.30
Profit and Loss After Tax (₹ in Million) -1.15 34.19 -761.76
RoNW (%) -0.07 1.97 -79.27
Diluted EPS only (₹) -0.04 -0.87 -29.05
NAV per Equity Share (₹) 66.88 68.07 38.69
Total Assets 6,696.52 7,291.14 7,229.15
Total Liabilities 4,942.40 5,506.00 6,214.47

Keventer Agro Ltd – Industry & Market Potential

As a leading player in the FMCG sector in North East and Eastern India, Keventer Agro leverages a multi-channel distribution platform, including major supermarkets and technology-driven logistics. The firm’s focus on R&D, innovation, and strong marketing strategy helps it maintain a competitive edge and robust market share.

Leading Player: Keventer Agro is a front-runner in the FMCG sector, particularly in North East and Eastern India, serving a broad array of products to an expansive market.

Multi-Channel Distribution: The company utilizes a multi-channel distribution platform, which includes supermarkets like Big Bazaar, Foodhall, and Spencer’s Retail Ltd. It also leverages technology for efficient distribution.

R&D Focus: Keventer Agro emphasizes on Research & Development and innovation to maintain a competitive edge and robust market share.

Marketing Strategy: A significant portion of the company’s resources is allocated to marketing expenditure, underscoring the importance of brand visibility to the company’s success.

Keventers Agro Limited IPO – Type of Offer

The IPO from Keventer Agro Ltd consists of a fresh issue worth Rs.350 crore and an offer for sale of up to 10,767,664 equity shares by Mandala Swede SPV, which holds a 6.61% stake in the company. The Offer for Sale (OFS) includes 15.35 million compulsory convertible preference shares, which will be converted to a maximum of 9.15 million shares.

Keventers Agro Limited IPO Offer Size

The IPO from Keventer Agro Ltd consists of a fresh issue worth Rs.350 crore and an offer for sale of up to 10,767,664 equity shares by Mandala Swede SPV, which holds a 6.61% stake in the company.

Keventers Agro Limited IPO Allotment Structure

The specific allotment structure for the IPO will be determined closer to the launch of the offering and will depend on regulatory rules, investor categories, and other relevant factors. Details will be provided in the final IPO prospectus released by the company.

How to apply for the Keventers Agro Limited IPO?

  • Select the IPO you wish to apply for from the list of open issues.
  • Once you have selected your preferred IPO, you can view all the details such as the issue open date, closing date, issue size, price, market lots, etc.
  • Enter the UPI ID linked to your personal bank account. The application may be subject to rejection if the applicant’s identity differs from the individual linked to the bank account used for the application.
  • When placing bids, only quantities that are multiples of the lot size are allowed. If you want to apply at the cut-off price, simply click the text box next to the ‘cut-off’ price. If you wish to place a bid at a different price, enter the desired price in the ‘Price’ field.
  • After completing all the steps, read the declaration and click ‘Submit’.

Additional Steps to Follow:

  • After submitting the request, you will receive a mandate request on your UPI application. Accept the mandate request. Sometimes, it may take a few hours to receive the request. This action will reserve the required amount for the application until the allotment date. If the quantity is allotted, the funds will be debited from your bank account, and the shares will be credited to your demat account at Alice Blue.
  • Upon submitting the IPO bid request, you will receive an SMS from the exchange to confirm your application.
  • To check the status of your application, you can select the applied IPO, and you will be able to see the most recent bids updated in your application.
  • If you do not receive an allotment, the blocked funds will be released on the allotment date. The list of IPOs can also be viewed on the NSE website.

How to Check Keventers Agro Limited IPO Allotment Status?

To verify the IPO allotment status for your PAN number: Once your allotment is confirmed, you will receive a confirmation email from the respective RTA. Simultaneously, you will also receive an email confirmation from Alice Blue if you applied for the IPO through the Alice Blue portal.

To determine the status of the allocated IPO, use the the link provided.

If you face any issues, it’s recommended to contact Alice Blue’s customer support for detailed assistance.

Apart from Alice Blue, there are other ways to check the allotment status of the Keventers Agro Limited IPO:

  • Registrar’s Website: Visit the website of Link Intime India Private Limited, the registrar of the Keventers Agro Limited IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN and application number or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.
  • NSE and BSE: You can also check the allotment status on the official websites of the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). You would need your application number and PAN to check the status.

Please note that the allotment status will only be available after the allotment process has been completed, a few days after the IPO window closes.

Keventer Agro Ltd Offer Registrar

The offer registrar for Keventer Agro Limited IPO is responsible for overseeing the IPO process, including the allocation of shares, refund processing, and other related activities. The registrar ensures the smooth and transparent functioning of the IPO and maintains records of the allotment process.

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