KPR Agrochem an Andra Pradesh based agri-input firm is set to open its initial public offering (IPO) on June 28. The price band is set at INR 59-61 per equity share. This IPO will also consist of a fresh issue up to INR 210 crore & also an offer for sale around 1.2 crore shares by the company promoters.

This IPO also consists of a reservation around 4.3 lac equity shares for the employees of the company. The employees will buy shares at a discount of INR 3 / share to actual offer price. The IPO will close on 2nd July.

The proceeds will be used for the repayment of borrowings & working capital requirement. Capital Markets Private Limited, a part of Prabhudas Lillandher group is a book running lead manager to this issue. The shares are proposed to be listed on NSE & BSE.

About KPR Agrochem:

Andra-Pradesh based KPR Agrochem is a well-known agri-input company focused on production distribution & retailing of a variety of crop yield protection products.