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MRP Agro IPO is a fixed price issue of Rs 3.24 crores. The issue is entirely a fresh issue of 8.1 lakh shares.
MRP Agro IPO bidding started from February 8, 2021 and ended on February 10, 2021. The shares got listed on BSE SME on February 18, 2021.
MRP Agro IPO price is ₹40 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹120,000.
Beeline Broking Ltd is the book running lead manager of the MRP Agro IPO, while Skyline Financial Services Private Ltd is the registrar for the issue.
Refer to MRP Agro IPO RHP for detailed information.
| IPO Date | February 8, 2021 to February 10, 2021 |
| Listing Date | February 18, 2021 |
| Face Value | ₹10 per share |
| Price | ₹40 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 810,000 shares (aggregating up to ₹3.24 Cr) |
| Fresh Issue | 810,000 shares (aggregating up to ₹3.24 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 2,169,090 |
| Share holding post issue | 2,979,090 |
| Market Maker portion | 48,000 shares |
MRP Agro IPO offers 858,000 shares. 381,000 (44.41%) to NII, 381,000 (44.41%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 48,000 (5.59%) |
| Other Shares Offered | 381,000 (44.41%) |
| Retail Shares Offered | 381,000 (44.41%) |
| Total Shares Offered | 858,000 (100%) |
Investors can bid for a minimum of 3000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹120,000 |
| Retail (Max) | 1 | 3000 | ₹120,000 |
| Lot Size Calculator | |||
| Share Holding Pre Issue | 55.82% |
| Share Holding Post Issue |
Incorporated in 2018, MRP Agro Limited is primarily engaged in trading and import and export of food grains, fly-ash, and coal products. The business follows B2B (Business to Business) Model, in which, it purchases products from the domestic market in bulk through auctions and sells it to wholesalers.
MRP Agro has a local mandi license to purchase food grains from the local market of Tikamgarh, Madhya Pradesh, and also a registered dealer with the Department of Mines & Geology, Government of Jharkhand to buy coal. The company has built a strong trading network in rural and urban areas and maintains the product quality standard through an in-house Quality Inspection Department.
Competitive strengths
| Particulars | For the year/period ended (₹ in lakh) | ||||
|---|---|---|---|---|---|
| 30-Sept-20 | 31-Mar-20 | 31-Mar-19 | |||
| Total Assets | 430.09 | 218.44 | 261.86 | ||
| Total Revenue | 857.07 | 3634.51 | 1873.31 | ||
| Profit After Tax | 14.24 | 18.90 | 11.96 | ||
The key objects of the MRP Agro IPO are as follows:
[Dilip Davda] MAL is in the business of trading which is highly competitive with fragmented unorganized vendors. The issue is at a Maximized Retail Price (MRP) with higher P/E. The company has low bargaining power with customers amidst competition from local and big players and is fully dependent on suppliers for quality products. Considering all these, investors may give a “MISS†to this highly-priced offer. Read detail review...
The MRP Agro IPO is subscribed 3.21 times on February 10, 2021 7:49:00 AM. The public issue subscribed 4.17 times in the retail category, times in the QIB category, and 2.66 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 2.66 |
| Retail | 4.17 |
| Total | 3.21 |
| Listing Date | February 18, 2021 |
| BSE Script Code | 543262 |
| NSE Symbol | |
| ISIN | INE0D7801012 |
| Final Issue Price | ₹40 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹40.00 |
| ₹39.75 |
| ₹37.80 |
| ₹39.75 |
| ₹37.80 |
MRP Agro Limited
House No. 100, First Floor, Ward No.23,
Infront of Thane Ajak Civil Line Road,
Tikamgarh- 472001
Phone: 91-7683-240342
Email: info@mrpagro.com
Website: http://www.mrpagro.com/
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: virenr@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
SME Company Owners
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MRP Agro IPO is a SME IPO of 810,000 equity shares of the face value of ₹10 aggregating up to ₹3.24 Crores. The issue is priced at ₹40 per share. The minimum order quantity is 3000 Shares.
The IPO opens on February 8, 2021, and closes on February 10, 2021.
Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in MRP Agro IPO using UPI as a payment gateway. Zerodha customers can apply in MRP Agro IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in MRP Agro IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The MRP Agro IPO opens on February 8, 2021 and closes on February 10, 2021.
MRP Agro IPO lot size is 3000 Shares, and the minimum amount required is ₹120,000.
You can apply in MRP Agro IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for MRP Agro IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the MRP Agro IPO allotment status.
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