IPO DETAILS : KPR Agrochem Ltd.
The Issue comprises of a Fresh Issue of [?] Equity Shares by the Company, aggregating up to Rs. 2,100.00 million (“Fresh Issue”) and an Offer for Sale of up to 12,000,000 Equity Shares by the Selling Shareholders aggregating up to Rs. [?] million.
Proceeds of the Offer for Sale
The Selling Shareholders will be entitled to the proceeds of the Offer for Sale after deducting their proportion of Issue related expenses. the Company will not receive any proceeds of the Offer for Sale. Other than the listing fees which shall be borne by the Company, the expenses in relation to the Issue will be borne by the Company and the Selling Shareholders in proportion to the Equity Shares contributed to the Issue by the Company and the Selling Shareholders, respectively.
The Promoters of the Companys are :
1. Papa Reddy Kovvuri2. Venkata Mukunda Reddy Karri3. Rajasekhar Reddy Kovuri4. Satyanarayana Reddy Kovvuri (S/o. Veera Raghava Reddy Kovvuri)5. Satyanarayana Reddy Kovvuri (S/o. Ramachandra Reddy Kovvuri)6. Cresco Technology LLP
1. Papa Reddy Kovvuri : Papa Reddy Kovvuri, aged 82 years, is the Chairman and Whole-time Director and a Promoter of the Company. He has experience of over fthe decades in the agricultural business. He has not had a formal education. He has been on the Board since the incorporation of the Company. As the Chairman and Whole-time Director of the Company, he is involved in the overall administration of existing operations of the Company
Voter identification number : BBW1978311
2. Venkata Mukunda Reddy Karri : Venkata Mukunda Reddy Karri, aged 57 years, is the Managing Director and a Promoter of the Company. He holds a Bachelor’s degree in Arts from Andhra University. He has experience of over two decades in the business of agrochemical industry and related business. He has been on the Board since the incorporation of the Company. As the Managing Director of the Company, he is involved in the business operations and marketingactivities of the Company.
Voter identification number : AP/8/50/111273
3. Rajasekhar Reddy Kovuri : Rajasekhar Reddy Kovvuri, aged 41 years, is the Whole time Director and Executive Director and a Promoter of the Company. He holds a Bachelor’s degree in Science (Computer Science) from University of Madras. He has experience of over a decade in the business of chemical, agrochemical and other related industry. He hasbeen on the Board since the incorporation of the Company. As the Whole Time Director of the Company, he is involved in the strategic planning, project implementation, general management and corporate finance of the Company.
Driving license number : AP00520160006227Voter identification number : BBW1936889
4. Satyanarayana Reddy Kovvuri (S/o. Veera Raghava Reddy Kovvuri): Satyanarayana Reddy Kovvuri, aged 40 years, is a promoter of the Company. He has done his Master’s in Business Administration from Maharishi Institute of Management, Hyderabad. He looks after the affairs of Sri Kodandarama Boiled and Raw Rice Mills.
Voter identification number : BBW1214949
5. Satyanarayana Reddy Kovvuri (S/o. Ramachandra Reddy Kovvuri): Satyanarayana Reddy Kovvuri, aged 51 years, is a promoter of the Company. He has passed matriculation and looks after the affairs of Sri Kodandarama Boiled and Raw Rice Mills.
Driving license number : DLRAP0051592117Voter identification number : BBW1937291
6. Cresco Technology LLP : Cresco Technology LLP (“Cresco Technology”) was incorporated as a private limited company under the Companies Act, 1956, in the name of ‘Cresco Technology Private Limited’ vide a certificate of incorporation dated July 2, 1999 issued by the Assistant Registrar of Companies, NCT of Delhi and Haryana at Delhi under the Companies Act, 1956. Thereafter, the company was converted into a limited liability partnership under theLimited Liability Partnership Act, 2008 and the name of Cresco Technology was subsequently changed to “Cresco Technology LLP” vide certificate of registration on conversion dated September 24, 2015 issued by Registrar, Andhra Pradesh. The LLP identification number of Cresco Technology is AAE-8158. The registered office of Cresco Technology is situated at Door No. 8-256, Tata Nagar, Balabhadrapuram – 533343, Andhra Pradesh, India. Satyanarayana Reddy Karri, Satyanarayana Reddy Kovvuri and Venkata Dhanasekhar Reddy Karri are the designated partners of Cresco Technology LLP. Cresco Technology is constituted for manufacturing and trading related activities.