KN Agri IPO subscribed 2.4 times on Day-1, issue closes Thursday

Firm seeks to raise Rs 50 cr; shares will get listed on NSE Emerge platform, which caters to SMEs; IPO price band is Rs 71-75

The IPO of KN Agri Resources was subscribed 2.4 times on Tuesday, the first day of the issue. The offering has garnered bids for 15.5 million shares against 6.6 million on offer, data provided by stock exchanges show. The issue closes on Thursday.

The company is looking to raise about Rs 50 crore from the IPO. Its shares will get listed on the NSE Emerge platform, which caters to the small and medium enterprises (SME). The price band for the IPO is Rs 71-75 per share.

KN Agro is an integrated agro and food company. It has three seed processing units, two