MRP Agro Ltd IPO

IPO Synopsis

MRP AGRO Ltd, engaged in trading of food grains, fly-ash and coal including Import and Export of such products with a large base is coming up with initial public offering on Feb 08 2021. The issue will be open until February 10 at a fresh issue of shares aggregating up to ₹3.24 crore.

Initial public issue of 8,10,000 equity shares of face value of Rs. 10 each (equity shares) of MRP Agro Limited (The company or Issuer) for cash at a price of Rs. 40.00 per equity share (including a share premium of Rs. 30.00 per equity share) (Issue Price) aggregating to Rs. 3.24 crores (Issue) of which 48,000 equity shares of face value of Rs. 10.00 each for a cash price of Rs. 40.00 per equity share, aggregating to Rs. 0.19 crores will be reserved for subscription by market maker (market maker reservation portion). The issue less the market maker reservation portion i.e. Issue of 7,62,000 equity shares of face value of Rs. 10.00 each at an issue price of Rs. 40.00 per equity share aggregating to Rs. 3.05 crores (is hereinafter referred to as the net issue). The issue and the net issue will constitute 27.19% and 25.58%, respectively of the post issue paid up equity share capital of the company. The Face value of the equity shares is Rs. 10 each and the issue price is Rs. 40.00. The Issue price is 4.00 times of the face value.

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