K.P.R. Agrochem Limited IPO

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(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:

to be updated shortly

K.P.R. Agrochem Limited IPO Details:

Face Value: ₹ 10 Per Equity Share
Listing At: NSE,BSE

Promoters And Management:

(i) Papa Reddy Kovvuri, aged 81 years, is the Chairman and Whole-time Director and a Promoter of our Company. He has experience of over four decades in the agricultural business. He has not had a formal education. He has been on the Board since the incorporation of our Company. As the Chairman and Whole-time Director of our Company, he is involved in the overall administration of existing operations of our Company. (ii) Venkata Mukunda Reddy Karri, aged56 years, is the Managing Director and a Promoter of our Company. He holds a Bachelor’s degree in Arts from Andhra University. He has experience of over two decades in the business 193 of the agrochemical industry and related business. He has been on the Board since the incorporation of our Company. As the Managing Director of our Company, he is involved in the business operations and marketing activities of our Company. (iii) Rajasekhar Reddy Kovvuri, aged40 years, is the Whole-time Director and Executive Director and a Promoter of our Company. He holds a Bachelor’s degree in Science (Computer Science) from University of Madras. He has experience of over a decade in the business of chemical, agrochemical and other related industry. He has been on the Board since the incorporation of our Company. As the Whole-time Director of our Company, he is involved in the strategic planning, project implementation, general management and corporate finance of our Company.

Financials of K.P.R. Agrochem Limited IPO:

 
Particulars For the year/period ended (in Rs. Lacs)
31-Dec-2017 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14
Total Assets 8,497.14 8578.55 7,975.04 7,300.44 7,106.61
Total Revenue 4,271.60 5,640.17 5,544.90 5,769.57 5,958.97
Profit After Tax 203.01 218.27 234.62 270.47 270.17
A detailed financial analysis will be updated shortly.

Comparison With Peers:

to be updated shortly

Recommendation on K.P.R. Agrochem Limited IPO:

to be updated shortly

Lead Manager of K.P.R. Agrochem Limited IPO:

  1. PL Capital Markets Private Limited

Registrar of K.P.R. Agrochem Limited IPO:

  1. Karvy Computershare Private Limited

Company Address:

K.P.R. Agrochem Limited Door No. 8-256, Tata Nagar, Balabhadrapuram – 533 343, Andhra Pradesh, India Phone No. +91 8857 237 367/236 767 Fax No. +91 8857 237 333 E-mail: ipo@kprgroup.net Website: www.kpragrochem.com

Discussion on K.P.R. Agrochem Limited IPO:

    Around 210 cr

    KPR Agrochem gets SEBI’s go ahead for the ipo around Rs.210 crore. The company is a manufacturer, distributor and retailer of wide range of crop yield enhancing and protection products. The product range includes crop protection, crop nutrients, seeds, feed supplements, veterinary and more.