Fixed Price IPO | ₹6 Cr | Listed at NSE SME | Wed, Apr 26, 2017 - Fri, Apr 28, 2017
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Wed, Apr 26, 2017
IPO Close
Fri, Apr 28, 2017
Issue Price
₹50 per share
Market Cap (Pre-IPO)
₹20.12 Cr
| IPO Date | 26 to 28 Apr, 2017 |
| Listed on | Tue, May 9, 2017 |
| Face Value | ₹10 per share |
| Issue Price | ₹50 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 12,48,000 shares (agg. up to ₹6 Cr) |
| Reserved for Market Maker | 66,000 shares Aryaman Capital Markets Ltd. (agg. up to ₹0.3300 Cr) |
| Fresh Issue (Ex Market Maker) | 11,82,000 shares (agg. up to ₹6 Cr) |
| Net Offered to Public | 11,82,000 shares (agg. up to ₹6 Cr) |
| Share Holding Pre Issue | 27,75,000 shares |
| Share Holding Post Issue | 40,23,000 shares |
| NSE Symbol | CKPPRODUCT |
| ISIN | INE977V01017 |
CKP Products IPO comprises a total issue size of 12,48,000 shares. The net offer to the public is 11,82,000 shares, after excluding 66,000 shares allotted on a firm basis. Of the Net offer 5,91,000 (50.00%) allocated to NII 5,91,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 5,91,000 | 50.00% | 47.36% |
| Retail Shares Offered | 5,91,000 | 50.00% | 47.36% |
| Firm Reservations | |||
| Market Maker Shares Offered | 66,000 | 5.29% | |
| Total Shares Offered | 12,48,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| 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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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 |
The CKP Products IPO is subscribed [.] times on April 28, 2017 5:00:00 PM (Day 3). The public issue subscribed [.] times in the retail category, [.] times in the QIB category, and [.] times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management fees including fees and reimbursements of Market Making fees, selling commissions, and payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses. | 0.37 |
| 2 | Printing & Stationery, Distribution, Postage, etc. | 0.03 |
| 3 | Advertisement and Marketing Expenses | 0.03 |
| 4 | Stock Exchange Fees, Regulatory and other Expenses | 0.10 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹50.00 |
| Open | ₹50.00 |
| Low | ₹50.00 |
| High | ₹53.10 |
| Last Trade | ₹50.15 |
Lead Manager Reports
CKP Products IPO is a SME IPO of 12,48,000 equity shares of the face value of ₹10 aggregating up to ₹6 Crores. The issue is priced at ₹50 per share. The minimum order quantity is 3000.
The IPO opens on Wed, Apr 26, 2017, and closes on Fri, Apr 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 Wed, Apr 26, 2017 and closes on Fri, Apr 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 Tue, May 9, 2017.
