Keventers Agro Limited IPO

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IPO date To be announced
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Keventers Agro Limited plans to launch a public offering and has submitted the DHRP.

What does Keventers Agro Limited do?

Incorporated in 1986, Keventers Agro Limited operates as a fast-moving consumer goods (FMCG) company headquartered in Kolkata. The company’s diversified portfolio encompasses packaged, dairy, and fresh food products, catering to the varied needs of consumers in East and North East India.

The company’s core operations are divided into two primary segments:

Packaged foods & beverages: The company is involved in the manufacturing, packaging, and distribution of a range of licensed products such as “Frooti,” “Appy Fizz,” and “Smoodh”. Additionally, the company offers a variety of ready-to-cook and frozen food products under its own “Keventer” brand.

Dairy & fresh foods: the company specializes in sourcing, processing, and marketing various dairy products including pouch milk, ice cream, and milkshakes, marketed under established brands like “Metro” and “Keventer.”

Also, the company is engaged in branding and distributing bananas. With a distribution network spanning urban, semi-urban, and rural areas across East and North East India, the company aims to cater to the diverse preferences of consumers in the region.

What is the issue size of Keventers Agro Limited IPO?

The entire public offer of Keventer Agro Limited consists of a fresh issue of equity shares aggregating up to ₹350 crores and an offer for sale of up to 10,767,664 equity shares by Mandalaswede SPV, with the specifics of the offer price per equity share, including the share premium, and the total aggregate amount for the offer for sale not yet mentioned in the DRHP.

Financials of Keventers Agro Limited IPO (₹ crores)

Financial Year Total Assets Total income Profit After Tax EBITDA EPS
March 31, 2019 669.65 884.41 0.12 33.67 0.04
March 31, 2020 729.14 958.25 3.42 52.14 0.87
March 31, 2021 722.92 836.02 76.18 33.15 29.05

Risk factors to consider:

Raw Material Supply Risks: Inadequate or interrupted supply, seasonality, and price fluctuations of raw materials such as raw milk, banana, mango pulp, etc., could adversely affect business operations, cash flows, and financial condition. External factors beyond control, including weather conditions, increased demand, governmental regulations, transportation costs, and economic conditions, may impact raw material availability and quality.

Product Quality and Contamination Risks: Actual or alleged contamination or deterioration in product or raw material quality could result in legal liability, damage to reputation, and adverse effects on business prospects and financial performance. Risks include contamination of raw materials, product tampering, labeling errors, consumer liability claims, and product recalls.

Dependency on Franchisor: Dependency on the franchisor for manufacturing and sale of certain products imposes restrictions and obligations on operations. Termination of such agreements could adversely affect business, financial condition, and prospects.

How to apply to the Keventers Agro Limited IPO?

You can apply for the Keventers Agro Limited IPO using any supported UPI app by following two steps:

  • Enter your bid on Kite
  • Accept the UPI mandate on your phone

On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.

How to check the allotment status for the Keventers Agro Limited IPO?

You can check the allotment status for the Keventers Agro Limited IPO on the website of the Registrar and Transfer agent.