KPR Agrochem has withdrawn its Rs 283 crore initial public offering (IPO) from capital market. The IPO issue was likely to open on June 28, 2019 with a price band at Rs 59-61 per share. The company’s selling shareholders and board of directors have decided not to presently proceed with the formalities leading to opening of the IPO.
KPR Agrochem is an agri-input company focused on manufacturing, distribution and retailing of a wide range of crop yield enhancing and protection products. In order to secure the supply of sulphuric acid, one of the key ingredients for company's various products, the company also ventured into manufacturing of sulphuric acid.
