Keventer Agro Limited files DRHP with SEBI

Keventer Agro Limited Limited, a leading fast-moving consumer gomagnesium citrate vs calcium citrateods (FMCG), company headquartered out of Kolkata with interests in packaged, dairy, and fresh food products, has filed a draft red herring prospectus with SEBI for its proposed initial public offering.The company has comprehensive range of products span across various brands and categories with more than 90 SKUs as of March 31, 2021, and a presence across the value chain in the fresh, frozenmagnesium glycinate 350 kal and ambient long shelf life food product categories.Keventer Agro Limited Limited, a leading fast-moving consumer goods (FMCG), company headquartered out of Kolkata with interests in packaged, dairy, and fresh food products, has filed a draft red herring prospectus with SEBI for its proposed initial public offering.Its business primarily comprises iron ii acetate compound formulaof the (i) packaged foods &038; beverage; and (ii) dairy and fresh segments.Keventer Agro Limited Limited, a leading fast-moving consumer goods (FMCG), company headquartered out of Kolkata with interests in packaged, dairy, and fresh food products, has filed a draft red herring prospectus with SEBI for its proposed initial public offering.Packaged foods and beverage segment primarily involves sale of products which include (i) “Frooti” or “Appy” or “B Fizz” or “Appy Fizz” or “Bailley” or “Smoodh” which are licensed to the company, pursuant to various franchisee agreements entered into with Parle Agro Private Limited (“Parle Agro”); and (ii) frozen food under the brand.Keventer Agro Limited Limited, a leading fast-moving consumer goods (FMCG), company headquartered out of Kolkata with interests in packaged, dairy, and fresh food products, has filed a draft red herring prospectus with SEBI for its proposed initial public offering.Dairy and fresh segment primarily involves (i) sale of pouch milk, pouch curd, ice-cream, set-curd, UHT milk, milkshakes and lassi under the “Metro” and “Keventer” brands; and (ii) sale of bananas under the brand.Keventer Agro Limited Limited, a leading fast-moving consumer goods (FMCG), company headquartered out of Kolkata with interests in packaged, dairy, and fresh food products, has filed a draft red herring prospectus with SEBI for its proposed initial public offering.The company has a omni-channel distribution model, with a strong distribution network in the East and North East reaching more than 1,60,000 outlets and is also present across modern trade and e-commerce channels. Recently, the company has also commenced distribution of szinc bisglycinate para que serveome of their products in the states of Andhra Pradesh, Uttarakhand, Haryana, Madhya Pradesh, Himachal Pradesh, Gujarat, Punjab, Rajasthan and Uttar Pradesh, and the Union territories of Jammu and Kashmir and Chandigarh as well as the National Capital Regizinc gluconate 100 mgon.Keventer Agro Limited Limited, a leading fast-moving consumer goods (FMCG), company headquartered out of Kolkata with interests in packaged, dairy, and fresh food products, has filed a draft red herring prospectus with SEBI for its proposed initial public offering.The company is looking to raise a fresh issue aggregating up to Rs 3,500 million Fresh Issue and an offer for sale of 10, 767, 664 equity shares.Keventer Agro Limited Limited, a leading fast-moving consumer goods (FMCG), company headquartered out of Kolkata with interests in packaged, dairy, and fresh food products, has filed a draft red herring prospectus with SEBI for its proposed initial public offering.The Net Proceeds from the Fresh Issue are proposed to be utilised towards: (i) Repayment and/ or pre-payment, in full or part, of certain borrowings availed by the company; (ii) Funding capital expenditure requirements of the company; and (iii) General corporate purposes.Keventer Agro Limited Limited, a leading fast-moving consumer goods (FMCG), company headquartered out of Kolkata with interests in packaged, dairy, and fresh food products, has filed a draft red herring prospectus with SEBI for its proposed initial public offering.ICICI Securities Limited, Axis Capital Limited and JM Financial Limited are the BRLMs to the Issue.

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