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CKP Products IPO is a fixed price issue of ₹6.24 crores. The issue is entirely a fresh issue of 0.12 crore shares of ₹6.24 crore.
CKP Products IPO bidding started from Apr 26, 2017 and ended on Apr 28, 2017. The shares got listed on NSE SME on May 9, 2017.
CKP Products IPO price is ₹50.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,50,000 (3000 shares). The minimum lot size investment for HNI is 2 lots (6,000 shares), amounting to ₹3,00,000.
Aryaman Financial Services Ltd. is the book running lead manager and Cameo Corporate Services Ltd. is the registrar of the issue. The market maker of the company is Aryaman Capital Markets Ltd..
Refer to CKP Products IPO RHP for detailed Information.
| IPO Date | April 26, 2017 to April 28, 2017 |
| Listing Date | May 9, 2017 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹50 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 12,48,000 shares (aggregating up to ₹6.24 Cr) |
| Reserved for Market Maker | 66,000 shares Aryaman Capital Markets Ltd. (aggregating up to ₹0.3300 Cr) |
| Net Offered to Public | 11,82,000 shares (aggregating up to ₹5.91 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 27,75,000 shares |
| Share Holding Post Issue | 40,23,000 shares |
CKP Products IPO offers total 12,48,000 shares. Out of which 5,91,000 (47.36%) allocated to NII, 5,91,000 (47.36%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 66,000 (5.29%) |
| NII (HNI) Shares Offered | 5,91,000 (47.36%) |
| Retail Shares Offered | 5,91,000 (47.36%) |
| Total Shares Offered | 12,48,000 (100.00%) |
CKP Products IPO opens on April 26, 2017, and closes on April 28, 2017.
| IPO Open Date | Wed, Apr 26, 2017 |
| IPO Close Date | Fri, Apr 28, 2017 |
| Tentative Listing Date | Tue, May 9, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Apr 28, 2017 |
Investors can bid for a minimum of 3,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹1,50,000 |
| Retail (Max) | 1 | 3,000 | ₹1,50,000 |
| HNI (Min) | 2 | 6,000 | ₹3,00,000 |
Incorporated in 2014, CKP Products Ltd engaged in the trading of edible oil, rice, and pulses in India and internationally. The company is involved in buying and selling crude and refined palm oil, sesame oil, rice bran oil, sunflower oil, soyabean oil, olive Oil, ground nut and cotton seed oil and other agro commodities like pulses and rice and supply the same to oil processors, wholesalers, food companies, etc.
In the year 2015, they have acquired a 51% share in the manufacturing unit of Naik Foods Private Ltd and established it as their subsidiary company which is engaged in the manufacture of potato chips, fryums and other namkeen products.
The Company CKP Products IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Funding Working Capital Requirements | 2.81 |
| 2 | Incorporation and Capitalization of Overseas Subsidiary in Ras Al Khaimah (RAK), UAE | 1.90 |
| 3 | General Corporate Purposes | 1.00 |
[Dilip Davda] Considering performance and the pricing aspect, investors may consider investment for medium to long term. Read detail review...
| Listing Date | May 9, 2017 |
| BSE Script Code | |
| NSE Symbol | CKPPRODUCT |
| ISIN | INE977V01017 |
| Final Issue Price | ₹50 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹50.00 |
| Open | ₹50.00 |
| Low | ₹50.00 |
| High | ₹53.10 |
| Last Trade | ₹50.15 |
CKP Products Ltd.
404, 4th Floor
Kaveri Complex, Behind Holiday Inn,
Jagannath Mandir Road, Sakinaka
Mumbai, Maharashtra, 400072
Phone: +91 – 22 – 4347 5127
Email: info@ckpproducts.in
Website: http://www.ckpproducts.in
Cameo Corporate Services Ltd.
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/
CKP Products IPO is a SME IPO of 12,48,000 equity shares of the face value of ₹10 aggregating up to ₹6.24 Crores. The issue is priced at ₹50 per share. The minimum order quantity is 3000.
The IPO opens on April 26, 2017, and closes on April 28, 2017.
Cameo Corporate Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in CKP Products IPO using UPI as a payment gateway. Zerodha customers can apply in CKP Products IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in CKP Products IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The CKP Products IPO opens on April 26, 2017 and closes on April 28, 2017.
CKP Products IPO lot size is 3000, and the minimum amount required for application is ₹1,50,000.
You can apply in CKP Products IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for CKP Products IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the CKP Products IPO allotment status.
The CKP Products IPO listing date is on Tuesday, May 9, 2017.
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