Bookbuilding IPO | ₹21 Cr | Listed at BSE SME | Mon, Jul 10, 2023 - Wed, Jul 12, 2023
Kaka Industries IPO is a book build issue of ₹21.23 crores. The issue is entirely a fresh issue of 0.37 crore shares of ₹21.23 crore.
Kaka Industries IPO bidding started from Jul 10, 2023 and ended on Jul 12, 2023. The allotment for Kaka Industries IPO was finalized on Jul 17, 2023. The shares got listed on BSE SME on Jul 19, 2023.
Kaka Industries IPO price band is set at ₹58 per share. The lot size for an application is 2,000. The minimum amount of investment required by an retail is ₹1,16,000 (2000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (4,000 shares), amounting to ₹2,32,000.
Hem Securities Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Hem Finlease Pvt.Ltd..
Refer to Kaka Industries IPO RHP for detailed Information.
IPO Open
Mon, Jul 10, 2023
IPO Close
Wed, Jul 12, 2023
Issue Price
₹58 per share
Market Cap (Pre-IPO)
₹79.23 Cr
| IPO Date | 10 to 12 Jul, 2023 |
| Listed on | Wed, Jul 19, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹55 to ₹58 |
| Issue Price | ₹58 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 36,60,000 shares (agg. up to ₹21 Cr) |
| Reserved for Market Maker | 1,92,000 shares Hem Finlease Pvt.Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 34,68,000 shares (agg. up to ₹20 Cr) |
| Net Offered to Public | 34,68,000 shares (agg. up to ₹20 Cr) |
| Share Holding Pre Issue | 1,00,00,000 shares |
| Share Holding Post Issue | 1,36,60,000 shares |
| BSE Script Code | 543939 |
| ISIN | INE0P3N01018 |
Kaka Industries IPO comprises a total issue size of 36,60,000 shares. The net offer to the public is 34,68,000 shares, after excluding 1,92,000 shares allotted on a firm basis. Of the Net offer 17,32,000 (49.94%) are allocated to QIB, 5,22,000 (15.05%) allocated to NII 12,14,000 (35.01%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 17,32,000 | 49.94% | 47.32% |
| − Anchor Investor Shares Offered | 10,38,000 | 28.36% | |
| − QIB (Ex. Anchor) Shares Offered | 6,94,000 | 18.96% | |
| NII (HNI) Shares Offered | 5,22,000 | 15.05% | 14.26% |
| Retail Shares Offered | 12,14,000 | 35.01% | 33.17% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,92,000 | 5.25% | |
| Total Shares Offered | 36,60,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,16,000 |
| Retail (Max) | 1 | 2,000 | ₹1,16,000 |
| HNI (Min) | 2 | 4,000 | ₹2,32,000 |
Kaka Industries IPO raises ₹6.02 crore from anchor investors. Kaka Industries IPO Anchor bid date is July 9, 2023.
📝 Anchor Investors Letter (PDF)
| Bid Date | Sun, Jul 9, 2023 |
| Shares Offered | 10,38,000 |
| Anchor Portion (₹ Cr.) | 6.02 |
| Anchor lock-in period end date for 50% shares (30 Days) | Wed, Aug 16, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sun, Oct 15, 2023 |
Incorporated in 2019, Kaka Industries Limited manufactures polymer-based profiles for application in doors, windows, partitions, false ceilings, wall paneling, kitchen cabinets & other interior and exterior works.
The company's product portfolio has over 1200 SKUs covering PVC Profile, uPVC door & window profile, WPC Profile & sheets in various sizes, specifications, and colors. It is also engaged in the fabrication of factory-made PVC & Solid PVC doors. Except for WPC (Wood-polymer composite) profile and doors, all the products are non-wood based, which substitutes wood products and results in the saving of trees.
Kaka Industries has three manufacturing units in village Zak, Gandhinagar district, Gujarat, which has a combined installed capacity of 15,425 MT for manufacturing PVC profile, 2,995 MT for WPC profile & sheet, 2,022 MT for uPVC door & window profile. It also has a well-equipped laboratory, modern technology, and testing equipment with supporting environment and facilities, to ensure that the products conform with the desired quality.
The company's distribution network comprises 3 depots situated in Gagilapur (Telangana), Dadri (Uttar Pradesh), and Surat (Gujarat).
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 67.67 | 46.15 | 35.68 | 21.91 |
| Total Income | 158.88 | 117.10 | 78.79 | 41.49 |
| Profit After Tax | 7.19 | 4.98 | 3.03 | 1.41 |
| NET Worth | 19.57 | 12.41 | 7.44 | 1.42 |
| Reserves and Surplus | 9.57 | 9.91 | 4.94 | 1.41 |
| Total Borrowing | 40.14 | 27.36 | 19.99 | 8.31 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet Working Capital requirements | 7.75 |
| 2 | Repayment and/or pre-payment, in full or part, of certain borrowings availed by the Company | 7.30 |
| 3 | General Corporate Purpose | 3.84 |
| KPI | |
|---|---|
| ROE | 44.93% |
| ROCE | 20.83% |
| Debt/Equity | 2.05 |
| RoNW | 36.72% |
| PAT Margin | 4.53% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 7.19 | |
| P/E (x) | 11.03 | |
| Promoter Holding | 95.32% | 69.78% |
| Market Cap | ₹79.23 Cr. |
The Kaka Industries IPO is subscribed 292.66 times on July 12, 2023 7:02:00 PM (Day 3). The public issue subscribed 358.88 times in the retail category, 72.13 times in the QIB category, and 431.85 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 72.13 | 6,94,000 | 5,00,56,000 |
| NII* | 431.85 | 5,22,000 | 22,54,26,000 |
| Retail | 358.88 | 12,14,000 | 43,56,82,000 |
| Total | 292.66 | 24,30,000 | 71,11,64,000 |
Total Application : 2,33,569
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manger Fees | 0.22 |
| 2 | Fees Payable to Registrar to the Issue | 0.04 |
| 3 | Fees Payable for Advertising and Publishing Expenses | 0.03 |
| 4 | Fees Payable to Regulators including Stock Exchanges | 0.09 |
| 5 | Payment for Printing & Stationery, Postage, etc. | 0.02 |
| 6 | Fees Payable to Legal Advisors | 0.02 |
| 7 | Others (Fees payable for Marketing & distribution expenses, Selling Commission, Brokerage, Processing Fees, Underwriting fees and Miscellaneous Expenses) | 1.93 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹58.00 |
| Open | ₹110.20 |
| Low | ₹110.20 |
| High | ₹115.71 |
| Last Trade | ₹115.71 |
Lead Manager Reports
Kaka Industries IPO is a SME IPO of 36,60,000 equity shares of the face value of ₹10 aggregating up to ₹21 Crores. The issue is priced at ₹58 per share. The minimum order quantity is 2000.
The IPO opens on Mon, Jul 10, 2023, and closes on Wed, Jul 12, 2023.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Kaka Industries IPO using UPI as a payment gateway. Zerodha customers can apply in Kaka Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Kaka Industries IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Kaka Industries IPO opens on Mon, Jul 10, 2023 and closes on Wed, Jul 12, 2023.
Kaka Industries IPO lot size is 2000, and the minimum amount required for application is ₹1,16,000.
You can apply in Kaka Industries 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 Kaka Industries IPO will be done on Monday, July 17, 2023, and the allotted shares will be credited to your demat account by Wed, Jul 19, 2023. Check the Kaka Industries IPO allotment status.
The Kaka Industries IPO listing date is on Wed, Jul 19, 2023.
