IPO Details
RHP/DRHPIssue Date
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Investment/lot
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Price Range
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Lot Size
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IPO Size
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Schedule of Nutrikosh India IPO
Start date
End date
Allotment of bids
Refund Initiation
Listing on exchange
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.
Nutrikosh India IPO Valuation
| Detail | Information |
|---|---|
Upper Price Band (₹) | TBA |
Existing Shares to be Sold | -- |
Fresh Issue | 18,03,200 Equity Shares |
EPS (₹) For the year ended March 31, 2024 | 4.60 |
Nutrikosh India IPO Lot Size
| Investor Category | Shares Offered |
|---|---|
QIBs Share Offered | Not more than 50% |
Non-Institutional Investors (NIIs) | Not less than 15% |
Retail Individual Investors | Not less than 35% |
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.
Strengths of Nutrikosh India IPO
Their relationship with farmers.
They operate in 10 states in North India and have strong relationships with farmers. Their success comes from providing services directly at the farm and consistently delivering quality solutions at fair prices. They engage with farmers face-to-face at different stages of the value chain, offering fair prices, logistics support, and crop advice through their Krishi Saarthi Kendra
Their relationship with buyers
They have strong relationships with corporates, wholesalers, and traders who want high-quality agricultural products directly from farmers at fair prices. They supply these products from the farm gate to the buyers' chosen location, reducing lead times and costs. Additionally, they serve as a single point of contact for bulk purchases, ensuring timely delivery and quality products.
Tech-enabled digital support tool.
Nkosh uses advanced technologies such as artificial intelligence and machine learning to provide innovative solutions, including crop disease detection through a simple photograph, farm intelligence, and tailored agricultural support. These AI-driven insights help farmers make better decisions, leading to higher yields and improved produce quality. The platform also offers digital tools for farmers to manage their finances, track income and expenses, and monitor payments.
Risks of Nutrikosh India IPO
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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.
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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.
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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.
Nutrikosh India IPO Financials
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
Nutrikosh India IPO Company Profit & Loss
| Parameter | FY22 | FY23 | FY24 |
|---|---|---|---|
Total Income(₹ crores) | -- | 3.034 | 28.435 |
Profit Before Tax (₹ crores) | (0.017) | 0.349 | 3.172 |
Net profit / (loss) (₹ crores) | (0.013) | 0.259 | 2.299 |
EBITDA (₹ crores) | (0.014) | 0.354 | 3.340 |
EPS (₹) | (0.03) | 0.52 | 4.60 |
Nutrikosh India Cash Flow
| Parameter | FY22 | FY23 | FY24 |
|---|---|---|---|
Profit before tax (₹crores) | (0.017) | 0.349 | 3.172 |
Net Cash from Operating Activities (₹ crores) | 0.021 | (0.051) | (2.089) |
Net Cash from Investing Activities (₹ crores) | (0.028) | (0.065) | (0.001) |
Net Cash from Financing Activities (₹ crores) | 0.010 | 0.206 | 3.259 |
Cash and Cash Equivalents (₹ crores) | 0.003 | 0.093 | 1.262 |
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.
This article is for informational purposes only and does not constitute financial advice. It is not produced by the desk of the Kotak Securities Research Team, nor is it a report published by the Kotak Securities Research Team. The information presented is compiled from several secondary sources available on the internet and may change over time. Investors should conduct their research and consult with financial professionals before making any investment decisions. Read the full disclaimer here.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing. Please read the SEBI-prescribed Combined Risk Disclosure Document before investing. Brokerage will not exceed SEBI’s prescribed limit.
Nutrikosh India IPO FAQs
Where can I read more about Nutrikosh India business?
You can read more about Nutrikosh India and its IPO from the company’s red herring prospectus (RHP) here.
What is the Nutrikosh India IPO?
The Nutrikosh India Limited IPO has an issue size of TBA. The IPO opens for subscription on TBA and closes on TBA.
Who is the Registrar for Nutrikosh India IPO?
MUFG Intime India Private Limited is the registrar for this IPO.
