IPO—-K N Agri Resources Limited-
K N Agri resources is an agro-based company involved in the business of –
- Solvent extraction and oil refining.
- Trading of various agro-commodities.
The company’s products include soya meal, soya refined oil, soya crude oil, degummed oil, acid oil, soya husk, cottonseed oil, and refined rapeseed oil. It also trades in agro commodities like maize, gram, pulses, sugar, and soya bean. It has three plants located in Madhya Pradesh comprising three solvent extraction plants, two oil refineries, and one flour mill.
K N Agri resources have a total solvent extraction capacity of 3,75,000 TPA, edible oil refining capacity of 60,000 TPA, and flour milling capacity of 24,000 TPA. The manufacturing units have a well-equipped laboratory, modern technology testing equipment’s to ensure that the products conform to the food standards.
The company markets its products to 15 states in India and the majority of its revenue comes from the states of Madhya Pradesh, Gujarat, West Bengal, and Maharashtra. Its customers are Adani Wilmar Limited, Cargill India, Bunge India, and Ruchi Soya. It has other customers that include Agri commodities dealers, export houses, and FMCG companies. The products of the company are exported to Singapore, the Netherlands, Bangladesh, and Nepal.
K N Agri has four wind energy plants with a capacity of 4.60 MW in Maharashtra, Rajasthan, and Madhya Pradesh. It has entered into an agreement with the respective states for the exclusive sale of power.
The promoters of the company are Mr. Vijay Shrishrimal, Mr. Sanjay Shrishrimal, and Mr. Dhirendra Shrishrimal. Objectives of the issue are to meet the working capital requirements and general corporate purpose. The company would also benefit by listing on NSE SME.
The total revenue of the company was Rs. 1285.28 crores with a net profit of Rs 21.40 crore (Year ended 31 March 2019), the revenue of Rs.850.01 crore with a net profit of Rs. 13.20 crore (Year ended 31 March 2020) and revenue of Rs. 1298.95 crore with a net profit of Rs. 26.18 crore (Year ended 31 March 2021).
IPO—-Swaraj Suiting Limited-
Swaraj suiting is engaged in the manufacture of grey fabric involving cotton and synthetic, trading of yarn, finished fabric, and weaving on a job work basis. The manufacturing unit of the company is located in Bhilwara, Rajasthan where they have installed 123 air-jet looms that manufacture 1.50 million meters of cotton and synthetic fabric per month. The company has planned vertical integration of its operations aiming to lower the operation costs.
To achieve this the company is setting up a unit in Neemuch in Madhya Pradesh and the commercial operation will start in March-April 2022. The unit will be involved in the manufacture of premium quality denim fabric. The annual processing capacity of the plant would be 21.75 million metric meters of denim fabric.
Swaraj Suiting operates under the following verticals; manufacturing of grey fabric, weaving on a job work basis, and trading of finished fabric, grey fabric, and yarn. The products of the company are sold in the states of Gujarat, Rajasthan, Madhya Pradesh, and Maharashtra.
The promoters of the company are Mr. Mohammed Sabir Khan, Mrs. Samar Khan, and Mr. Nasir Khan. The objectives of the issue are to meet the working capital requirements for the increase in production capacity at its Neemuch plant and meet the working capital expenses. Listing would enhance the brand image of the company and make future financing easier in case of expansion.
The total revenue of the company was Rs. 76.27 crores with a net profit of Rs 2.03 crore (Year ended 31 March 2019), the revenue of Rs.80.38 crore with a net profit of Rs. 3.26 crore (Year ended 31 March 2020) and revenue of Rs. 59.86 crore with a net profit of Rs. 2.67 crore (Year ended 31 March 2021).