Keventer Agro IPO analysis @ Chanakyanipothi.com , India`s Oldest & most Trusted Investment Blog.Operational since 8th December 1999, We are the Only Investment Platform in India, which has successfully completed 21 Years

    Keventer Agro Grey Market News Today #Keventer Agro IPO
    On
    Grey Market Premium Rs. –
    Application Rates :Rs. –
    Subject to Rates : Rs. –

    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

    #This is only coverage of News related to Grey Market . We donot deal in Grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.

    Leave a Reply

    Your email address will not be published. Required fields are marked *