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Karnavati Finance IPO is a fixed price issue of ₹2.58 crores. The issue is entirely a fresh issue of 0.26 crore shares of ₹2.58 crore.
Karnavati Finance IPO bidding started from Jan 19, 2015 and ended on Jan 21, 2015. The shares got listed on BSE SME on Feb 5, 2015.
Karnavati Finance IPO price is ₹10.00 per share . The lot size for an application is 10,000. The minimum amount of investment required by an individual investor (retail) is ₹1,00,000 (10000 shares). The minimum lot size investment for HNI is 3 lots (30,000 shares), amounting to ₹3,00,000.
Corporate Strategic Allianz Ltd. is the book running lead manager and Satellite Corporate Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is NNM Securities Pvt.Ltd..
Refer to Karnavati Finance IPO RHP for detailed Information.
| IPO Date | January 19, 2015 to January 21, 2015 |
| Listing Date | February 5, 2015 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹10 per share |
| Lot Size | 10,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 25,80,000 shares (aggregating up to ₹2.58 Cr) |
| Reserved for Market Maker | 1,40,000 shares NNM Securities Pvt.Ltd. (aggregating up to ₹0.1400 Cr) |
| Net Offered to Public | 24,40,000 shares (aggregating up to ₹2.44 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 57,80,000 shares |
| Share Holding Post Issue | 83,60,000 shares |
Karnavati Finance IPO offers total 25,80,000 shares. Out of which 12,20,000 (47.29%) allocated to NII, 12,20,000 (47.29%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,40,000 (5.43%) |
| NII (HNI) Shares Offered | 12,20,000 (47.29%) |
| Retail Shares Offered | 12,20,000 (47.29%) |
| Total Shares Offered | 25,80,000 (100.00%) |
Karnavati Finance IPO opens on January 19, 2015, and closes on January 21, 2015.
| IPO Open Date | Mon, Jan 19, 2015 |
| IPO Close Date | Wed, Jan 21, 2015 |
| Tentative Listing Date | Thu, Feb 5, 2015 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Jan 21, 2015 |
Investors can bid for a minimum of 10,000 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 | 10,000 | ₹1,00,000 |
| Retail (Max) | 2 | 20,000 | ₹2,00,000 |
| HNI (Min) | 3 | 30,000 | ₹3,00,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 1989, Karnavati Finance Ltd is a Non Deposit taking Loan Company (NBFC-ND-LC) engaged in the business of providing loans as per the requirement of customers and they are both secured and unsecured finance.
Thay are mainly involved in business loan and personal loan. Company's products are typically directed at Individuals and small and medium size entities. KFL's loan products are customized to the requirements of their borrowers, broadly classified as:
A. Business Loan
B. Personal finance
They provide finance for every unique requirement of businessmen, Micro, Small and Medium Enterprises (MSME) and promising entrepreneurs as well as Individual Personal Loans which doesn‘t require any security and can be availed for any purpose like marriage, personal use, business working capital, expansion, etc.
| KPI | Values |
|---|---|
| RoNW | 1.44% |
The Company Karnavati Finance 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 | To augment the capital base and provide for the fund requirements for increasing the NBFC activities/Financing Operations. | 2.06 |
| 2 | Public Issue Expenses | 0.52 |
[Dilip Davda] <p> </p> <p style="margin: 0in 0in 0pt; text-align: justify;"><strong><span style="font-family: Calibri; font-size: medium;">Considering entry barrier, poor performance of the company as well as low preference by broking community for SME IPOs, this issue is not worth. </span></strong></p> Read detail review...
| Listing Date | February 5, 2015 |
| BSE Script Code | 538928 |
| NSE Symbol | |
| ISIN | INE554R01012 |
| Final Issue Price | ₹10 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹10.00 |
| Open | ₹10.60 |
| Low | ₹10.10 |
| High | ₹10.60 |
| Last Trade | ₹10.10 |
Karnavati Finance Ltd.
Unit No.2,
Sagar Deep Darshan Co Op Society Ltd,
S.V Road, Borivali (W), Mumbai
Borivali, Maharashtra
Phone: +91-0288-2663042
Email: karnavatifinance@gmail.com
Website: http://www.karnavatifinancelimited.in
Satellite Corporate Services Pvt.Ltd.
Phone: +91-22- 28520461/462
Email: service@satellitecorporate.com
Website: https://www.satellitecorporate.com/ipo-query.php
Karnavati Finance IPO is a SME IPO of 25,80,000 equity shares of the face value of ₹10 aggregating up to ₹2.58 Crores. The issue is priced at ₹10 per share. The minimum order quantity is 10000.
The IPO opens on January 19, 2015, and closes on January 21, 2015.
Satellite Corporate 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 Karnavati Finance IPO using UPI as a payment gateway. Zerodha customers can apply in Karnavati Finance IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Karnavati Finance IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Karnavati Finance IPO opens on January 19, 2015 and closes on January 21, 2015.
Karnavati Finance IPO lot size is 10000, and the minimum amount required for application is ₹1,00,000.
You can apply in Karnavati Finance 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 Karnavati Finance IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Karnavati Finance IPO allotment status.
The Karnavati Finance IPO listing date is on Thursday, February 5, 2015.
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