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Keventer Agro Company Details
Keventer Agro is a leading fast-moving consumer goods company headquartered out of Kolkata with interests in packaged, dairy, and fresh food products . Its comprehensive range of products span across various brands and categories with more than 90 SKUs as of March 31, 2021, and a presence across the value chain in the fresh, frozen and ambient long shelf life food product categories.
Its business primarily comprises of the (i) packaged foods & beverage; and (ii) dairy & fresh segments. Its packaged foods & beverage segment primarily involves the manufacturing, packaging, marketing, distribution of products which include (i) “Frooti” or “Appy” or “B Fizz” or “Appy Fizz” or “Bailley” or “Smoodh” which are licensed to it pursuant to various franchisee agreements entered into with Parle Agro Private Limited ; and (ii) “ready-to-cook” and frozen food under “Keventer” brand. Its dairy & fresh segment primarily involves (i) sourcing, processing, marketing, distribution and sale of pouch milk, pouch curd, ice-cream, set-curd, UHT milk, milkshakes and lassi under the “Metro” and “Keventer” brands; and (ii) sourcing, ripening, distribution, branding and sale of bananas under the “Keventer” brand
Its manufacturing and processing infrastructure comprises of its flagship facility at Barasat, West Bengal which is spread over 92 acres and comprises of multiple processing units. Its other food processing units are located at Durgapur, Midnapore, Siliguri, Malda and Patna, which are primarily involved .
Its distribution platform covers urban, semi-urban and rural markets, with a strong presence across all the markets, and focus on expanding our reach in the rural markets. As of March 31, 2021, it had 3,126 distributors and a sales force of 570 employees and sales promoters. It has built a large
distributor network catering to 160,000 – 170,000 retail touch points across categories of packaged food and fresh bananas.
It is one of the fastest growing companies in East and North East India showing a strong growth rate of 18.46% CAGR over the past 10 years, increasing our revenue from Rs 1,735.9 million in the Financial Year 2010 to Rs 9,451.14 million in the Financial Year 2020 . For more information, click www.keventer.com
The Promoters of Keventer Agro
Mayank Jalan , Keventer Global Pvt ltd , MKJ Developers ltd ,Edward Keventer Pvt ltd,Keventer Capital ltd, Sarvesh Housing Projects Pvt ltd & Speedage Trade ltd
Keventer Agro IPO Main Objects
The Offer comprises of the Fresh Issue and Offer for Sale.
The Company proposes to utilise the Net Proceeds towards Repayment and/ or pre-payment, in full or part, of certain borrowings availed by the Company; 2. Funding capital expenditure requirements of the Company
Keventer Agro IPO Details
IPO opens on (?) , 2022
IPO closes on (?) ,2022
Issue Type: Book Built Issue IPO
Issue : up to (?) Shares /Rs (?) Crore
* Fresh Issue of (?) Sh/ Rs.350 Cr
* Offer for Sale Up to 10,767,664 Sh/ Rs.?Cr
Face Value per share : Rs. 5
Keventer Agro IPO Price Band Per Equity Share: Rs. (?)
Keventer Agro IPO Retail Lot Size (?) Shares
Keventer Agro Listing will at BSE,NSE
Shares offered to
QIB (?%) ?Shares = Rs (?) Cr
NII (?%) ?Shares = Rs (?) Crs
RII (?%) ? Shares = Rs (?) Crs
Lot size: (?) Shares = (?) Forms
Min Retail Application : (?) Sh , Rs. (?)
Max Retail Application : (?) Sh, Rs (?)
Keventer Agro IPO Tentative timeTable
Keventer Agro IPO Allotment on ? 2022
Unblocking of ASBA ? 2022
Credit to Demat Accounts ? 2022
Data Patterns Listing on ? 2022
Keventer Agro IPO Financial & Analytical Ratios
Earnings per Share 2019-20 Rs 1.30
Earnings per Share 2020-21,Rs (29.05)
Earnings per Share 2021-22 6M Rs ?
Book Value of the Share as on 31.3.2021 Rs 38.69
Return on Net Worth: 19-20 1.97 %
Return on Net Worth: 20-21: (79.27) %
Return on Net Worth: 20-21 6M:( N.A.) %
Equity Shares prior to the IPO : 26,226,464 Shares
Ratio Analysis
Upper Price Band/last EPS:
Upper offer price/Book Value Ratio
Upper offer price/BV after IPO Ratio:
Keventer Agro IPO Peer Comparison:
ITC @ PE Mulitple of 19.3
Nestle @ PE Mulitple of 82.7
Dabur @ PE Mulitple of 61.4
Hatsun Agro @ PE Mulitple of 82.7
Heritage Foods @ PE Mulitple of 14.5
Parag Milk Foods @ PE Mulitple of 56.4
Dodla Dairy @ PE Mulitple of 26.9
Varun Beverages @ PE Mulitple of 68.4x 6
Keventer Agro IPO Lead Managers
ICICI Securities, Axis Capital,JM Financial
Registrar to Keventer Agro IPO
Linkintime India pvt ltd.
Registered Office of Keventer Agro
34/1 D.H. Road, Kolkata 700 027
Company Secretary & Compliance Officer : Sanjay Gupta
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