K.P.R. Agrochem Limited IPO
(i) K.P.R. Agrochem Limited is an agri-input Company focused on manufacturing, distribution and retailing of a wide range of crop yield-enhancing and protection products.
(ii) The company product portfolio includes Crop protection, Crop nutrients, seeds, and Veterinary feed supplements. Further, in order to secure supply of sulphuric acid, one of the 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.
(iii) Majority of the 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.
(iv) To ensure timely supply and availability of the 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 our dealer network. They have also appointed C & F Agents in 8 locations. The products are distributed from the depots/manufacturing location based warehouses/ C & F Agents to a network of approximately 8,000 dealers spread across various states in India.
(v) Further, the 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 our primary manufacturing operations are conducted as a channel of direct sales to our end customers.
Objects of the K.P.R. Agrochem Limited IPO:
K.P.R. Agrochem Limited IPO Details:
|Face Value:||₹ 10 Per Equity Share|
|Issue Type:||Book Building|
|Issue Size:||283.2 Cr.|
|Lot Size:||200 Shares|
|Issue Price:||₹ 59-61 Per Equity Share|
Promoters And Management:
Financials of K.P.R. Agrochem Limited IPO:
Comparison With Peers:
|Company||Revenue||Revenue Growth in 3 years||OPM||PAT||PAT Growth in 3 years||NPM|
|Insecticides India Limited||1076||4.25%||14.2%||84.00||46%||8%|
|Aarti Industries Limited||5016||25.89%||19.4%||498.00||23.83%||10%|
|Company||Long-term debt||Short-term debt||Net-worth||EPS||P/E||Mcap||RONW||Credit cycle|
|KPR Agro||61||234||252||3.01||20||731||7.90%||154 days|
|Coromandel Int||0||2937||3358||25||16.4||11996||21%||50 days|
|Chambal Fertilisers||4414||4279||2883||14||12.35714||7239||20.5%||171 days|
|Deepak Fertilizers||1770||1175||2097||8||15.625||1109||4%||74 days|
|Insecticides India||8||96||547||41||15.02439||1273||15%||79 Days|
|Dhanuka Agritech||0||22||642||23||16.73913||1817||17%||77 Days|
|Aarti Industries Limited||844||1290||2762||59||29.9322||15306||0.180304||58 days|