Keventer Agro IPO Review

Let’s take a detailed Keventer Agro IPO Review and everything such as its release date, IPO offer price, subscription, Keventer Agro Limited IPO allotment, grey market price and all other information about the financial position of the company, promoter background and whether you should invest in the IPO or not.

It’s one of the largest packaged food and dairy product company in Eastern India and is growing very fast. It has a presence across the value chain in the fresh, frozen and ambient long shelf-life food product categories.

Here is the detailed financial status of the company provided in the table given below:

The purpose of the Keventer Agro IPO is to use the net proceeds to repay debt worth Rs 155 crore and Rs 110.76 crore and the remaining will be utilised for funding capital expenditure requirements.

The company also has an exclusive franchise agreement with Parle Agro manufacturing, filling, packing, selling and distributing of products that include brands like Frooti, Appy, Appy Fizz and Bailey. Along with this, the company sells frozen food, UHT milk, milkshakes and bananas under the Keventer brand.

As of now, the firm had 3,126 distributors and a sales force of 570 employees. The company has a manufacturing and processing infrastructure facility at Barasat, West Bengal. The food processing units are located at Durgapur, Midnapore, Siliguri, Malda and Patna.

Keventer Agro IPO Details

The IPO will be done via the book-building process and the face value of the share has been decided as 5 Rs per share. The total IPO issue size is 800 crore

Keventer Agro IPO Date

Keventer Agro IPO opening date is now slated in December 2021, and the closing date is also in December 2021. Though initially it was expected to come in October,  but it got postponed.

Keventer Agro IPO Price Band

The face value of Keventer IPO share has been fixed at Rs.5, the price band of the IPO has been fixed [   ]

Keventer Agro IPO Equity Size

As per the rate of X Equity Shares of Rs.5 each for cash at a price of Rs. [ ]  per equity, the company plans to raise 800 crore.

Keventer Agro Issue Size

At the X Equity Shares of Rs.2 each, the issue size has been fixed at Rs 800 crore.

Keventer Agro GMP (Grey Market Premium)

There is not much response for the company IPO, the greay market premium trends will be clearer later when further details about the company IPO will start coming out.

As of now Keventer Agro Grey Market Premium is around [%] which is [%] more than the price band.

Keventer Agro IPO Subscription Status

We will update the Keventer Agro IPO Subscription status later when the IPO opens for public.

Keventer Agro IPO Allotment Status

The initial public offering (IPO) of Keventer Agro IPO  received a nominal response from Investors and the issue has been subscribed [ ] X times during the issue subscription date.

It is to be noted that qualified institutional buyers (QIBs) has subscribed X times, non-institutional investors has subscribed X times and that of retail individual investors (RIIs) subscribed [X] times as per the latest available data