IPO Issue Details
Issue Price / Price Band₹40 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size3,000 Shares per Lot
Total Issue Size8,10,000 shares (aggregating up to ₹3.24 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenMon, 08 Feb 2021
Subscription CloseWed, 10 Feb 2021
Anchor AllotmentSun, 07 Feb 2021
Basis of AllotmentTue, 16 Feb 2021
Initiation of RefundsWed, 17 Feb 2021
Credit of Shares to DematWed, 17 Feb 2021
Listing DateThu, 18 Feb 2021
UPI Mandate Deadline2021-02-10
Application & Investment Details
Retail — Min (1 Lots)₹1,20,000 — 3,000 shares
Retail — Max (13 Lots)₹1,560,000 (13 Lots)
HNI — Min (2 Lots)₹2,40,000 — 6,000 shares
Net Offer to Public7,62,000 shares (aggregating up to ₹3.05 Cr)
Reserved for Market Maker48,000 shares (aggregating up to ₹0.1920 Cr)
Pre-IPO Promoter Holding21,69,090 shares
Post-IPO Promoter Holding29,79,090 shares
About MRP Agro Ltd.
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 strengthsStrong quality standard and assurance.Large distribution network in urban and rural areas.Highly experienced promoters.
Objects of the Issue
MRP Agro Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
To meet working capital requirements.
2
To meet general corporate purposes.
3
To meet the issue expenditures.
Shareholding & Lock-in
Pre-IPO Promoter Holding
21,69,090 shares
Post-IPO Promoter Holding
29,79,090 shares