Keventer Agro Ltd IPO

The month of November saw a string of IPOs releasing, leaving the investors with a mixed feeling. India’s biggest IPO till date, PAYTM, worth Rs 18,300 Crores went public in November 2021. Sigachi Industries, which went public on 15th November, 2021, returned more than 250% on investment, making it one of the top performing IPOs of the Month. Looking at this, here we bring to you the next big IPO which is lined up to go public in the last month of the year 2021. So, let’s take a look at the important elements of the Keventer Agro Ltd IPO which is slated to go live in December 2021.

• About the Company - 

Based out of Kolkata, Keventer Agro Ltd, is a fast moving consumer goods (FMCG) company, which keeps interest in packaged, dairy, and fresh food products. The company’s comprehensive range of products are spread across various brands and categories with more than 90 SKUs as of March 31, 2021. It has also established  a presence across the value chain in the fresh, frozen and ambient long shelf life food product categories. The company’s primary business comprises packaged foods & beverage; and dairy & fresh segments. The packaged foods & beverage category involves the manufacturing, packaging, marketing, distribution of products including “Frooti” or “Appy” or “B Fizz” or “Appy Fizz” or “Bailey” or “Smoodh” which are licensed to pursuant to various franchise agreements entered into with Parle Agro Private Limited (“Parle Agro”).  

• Keventer Agro Ltd IPO details - 

Let’s now move onto the main part of this article. Here, we’re going to be looking at some of the most important details of this upcoming IPO viz - Keventer Agro Ltd IPO date and it’s share price.

• Keventer Agro Ltd IPO date - 

According to the Red Herring Prospectus filed by the company, the public issue of the equity shares is slated to go live from December, 2021. The exact date of the issue will be soon announced.

• Keventer Agro Ltd IPO issue size - 

Keventer Agro Ltd will aim to raise a fresh issue of Rs 350 crores, and an additional issue by the offer for sale, which is yet to be announced. 

• Keventer Agro Ltd IPO share price

The price band of the company’s upcoming IPO 2023 is yet to be declared. 

• Keventer Agro Ltd IPO listing

Since the IPO of Keventer Agro Ltd is from the mainboard, it would be listed on both - the National Stock Exchange (NSE) as well as the Bombay Stock Exchange (BSE)

• Keventer Agro Ltd IPO objectives 

According to the Red Herring Prospectus filed by the company, it aims to utilise the Net Proceeds towards funding the following objects 

- Repayment and/or prepayment, in full or part, of certain borrowings availed by our Company

- Funding capital expenditure requirements of our Company; and

- General corporate purposes

Conclusion

If you are excited about this upcoming IPO and want to invest in it, you will first need to have an online DEMAT Account of your own! And to get it for Free*, all you need to do is sign-up with Motilal Oswal. 

If you already have an existing account, you can  start your online trading and invest in the upcoming IPO's.

With a plethora of companies coming forward with their own IPOs in quick succession, you can keep a track of all the upcoming IPOs by regularly following our IPO calendar.