Nutrikosh India IPO

About Nutrikosh India IPO

Nutrikosh India Limited IPO is an IPO of TBA. Nutrikosh India Limited IPO lot size is TBA. The price band of the IPO is TBA. The listing date of the IPO is TBA. It consists of a fresh issue of 18,03,200 equity shares. The shares will be allotted on TBA. The credit of shares to the demat account will take place on TBA and the initiation of refunds will take place on TBA.

Objective of Nutrikosh India IPO

• Funding the working capital requirements of the company.
• General corporate purposes.

Industry Outlook

India is recognised as a global agricultural powerhouse because of its great agro-ecological diversity. India's agriculture business contributes significantly to the country's economy, accounting for roughly 18% of GDP and employing 45% of the national workforce (Redseer Strategy Consultants). According to the Press Information Bureau of India (PIB), India ranks 8th with a share of 2.33% among the world’s top agricultural exporters.

Agritech firms in India present a US$2,400 crore opportunity, although the market is still largely untapped (with only 1.5% penetration). When fully developed, the agritech ecosystem has the potential to increase the incomes of Indian farmers by 25 to 35% and contribute US$9,500 crore to the country’s GDP through lower input costs, increased productivity and price realisation, more affordable finance, and additional sources of income (NITI Aayog). Between 2020 and 2027, the global agritech industry is expected to grow at a compound annual growth rate (CAGR) of 12.1% (Ernst & Young report). Due to its huge demand in India and the global market, the agritech industry is one of the most crucial pillars for constructing a sustainable future. According to the Economic Survey of India 2022–23, India’s agriculture sector has increased by 4.6% during the last six years, with over 1,300 agritech start-ups emerging in the sector.

Agriculture is anticipated to contribute roughly US$60,000 crore to India’s GDP by 2030, a 50% increase over its contribution in 2020.

Company Information

Nutrikosh India Limited, incorporated on 11 June 2021 in Kanpur, is an agritech company that offers a comprehensive ‘Phygital’ (Physical + Digital) tech-enabled, farmer-centric agri-business platform that integrates both physical and digital elements to enhance the efficiency and transparency of agricultural transactions by revolutionising the agricultural supply chain. They connect farmers and buyers—such as corporates, traders, and FPOs—through their Krishi Saarthi Kendra and the Nkosh App. Their local representatives, called Krishi Saarthi, assist farmers in selling their produce directly from their farms at competitive prices and ensure timely payments. They also arrange logistics services to collect and deliver produce to corporate buyers and traders at agreed-upon locations. This innovative approach allows Nkosh to address the critical needs of farmers, MSMEs, and buyers by offering end-to-end solutions that cover the entire agricultural value chain, from pre-harvesting to post-harvesting activities.

Risks of Nutrikosh India IPO

• As of 30 September 2024, ₹24.66 crore of their revenue was derived from Uttar Pradesh, accounting for 98.64% of their total revenue. Accordingly, a significant portion of their revenue is derived from customers concentrated in Uttar Pradesh, and any adverse developments affecting the state could have an adverse effect on their business, results of operations, and financial condition.

• They depend on third-party transportation and logistics providers for offering their logistics and supply chain management services. The buyer is responsible for covering the transportation costs directly. Any disruptions in these services or significant increases in freight costs could adversely affect the buyer’s ability to receive goods on time and may impact the overall supply chain, potentially affecting their business, financial condition, and results of operations.

• Any change in government policies towards the agriculture sector or a reduction in subsidies and incentives provided to farmers could adversely affect their business and results of operations.

Anchor Investor Information

The Anchor Investor Bid/Issue Period shall be one Working Day prior to the Bid/Issue Opening Date.

IPO Registrar and Book Running Lead Managers

Book running lead managers: Sarthi Capital Advisors Private Limited

Registrar for the IPO :Link Intime India Private Limited

Business Model

The company earns its revenue through the following:

Sourcing agricultural products directly from farmers and enhancing the value of their produce through a combination of services and strategic market access.

Company Growth Trajectory

Revenue from operations for the six-month period that ended on September 2024 was ₹25.09 crore, comprising revenue from sale of traded goods of ₹25.01 crore and a discount received of ₹0.08 crore. Revenue from the sale of traded goods and discounts received was 99.70% and 0.30% as a percentage of total revenue from operations. The major contribution came from the sale of goods to traders of agri products, which contributed ₹15.02 crore. Others were manufacturers who shared ₹9.34 crore, ₹0.44 crore from retailers, and ₹0.20 crore from FPOs. Profit after tax of ₹2.10 crore was reported during the six-month period that ended in September 2024, with a margin of 8.36% as a percentage of total revenue. Profit margin increased by 0.28% compared to fiscal 2024, due to a decline in total expenditure as a percentage of total income to 88.82%, compared to 88.85% in fiscal 2024.

Company Market Position

Operating across 10 states in India, they have 9 Nkosh Krishi Saarthi Kendra Centres. Their Nkosh Farmer App provides services such as crop advisory in 11 regional languages, consultations with agricultural experts, and features like commodity bidding and farm gate solutions

How To Check Allotment Status of Nutrikosh India IPO?

You can check the allotment status of shares either on the website of the National Stock Exchange (NSE) or on the website of the registrar MUFG Intime India Private Limited.

To check the status on the NSE website:

• Visit the NSE website
• Click on “Investor Services” and choose “Application Status Check”
• Choose the issue type — Equity or Debt (Equity in this case)
• Select the Issue Name from the drop-down. The issue name is the company’s name, which is Nutrikosh India Limited
• Enter your application number or PAN number
• Check the box which says “I’m not a Robot” and click on “Search” to know the allotment status

Follow these steps to know the allotment status on the registrar’s website:

• Visit the MUFG Intime India Private Limited website
• Choose “Public Issues” from the “Investor Services” drop-down
• Select Nutrikosh India Limited from the drop-down
• Enter your PAN number or Application number
• Click on “Submit” to know the allotment status

How To Apply for Nutrikosh India IPO?

• Step 1: Log in to your Kotak Securities Demat account: Log in to your Demat account to access IPO investments. Next, select the current IPO section.
• Step 2: Specify IPO details: Enter the number of lots and the price you wish to apply for.
• Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.
• Step 4: Mandate Notification: Your UPI app will receive a mandate notification to block funds.
• Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.