Fixed Price IPO | ₹3 Cr | Listed at BSE SME | Mon, Jan 19, 2015 - Wed, Jan 21, 2015
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Mon, Jan 19, 2015
IPO Close
Wed, Jan 21, 2015
Issue Price
₹10 per share
Market Cap (Pre-IPO)
₹8.36 Cr
| IPO Date | 19 to 21 Jan, 2015 |
| Listed on | Thu, Feb 5, 2015 |
| Face Value | ₹10 per share |
| Issue Price | ₹10 per share |
| Lot Size | 10,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 25,80,000 shares (agg. up to ₹3 Cr) |
| Reserved for Market Maker | 1,40,000 shares NNM Securities Pvt.Ltd. (agg. up to ₹0.1400 Cr) |
| Fresh Issue (Ex Market Maker) | 24,40,000 shares (agg. up to ₹2 Cr) |
| Net Offered to Public | 24,40,000 shares (agg. up to ₹2 Cr) |
| Share Holding Pre Issue | 57,80,000 shares |
| Share Holding Post Issue | 83,60,000 shares |
| BSE Script Code | 538928 |
| ISIN | INE554R01012 |
Karnavati Finance IPO comprises a total issue size of 25,80,000 shares. The net offer to the public is 24,40,000 shares, after excluding 1,40,000 shares allotted on a firm basis. Of the Net offer 12,20,000 (50.00%) allocated to NII 12,20,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 12,20,000 | 50.00% | 47.29% |
| Retail Shares Offered | 12,20,000 | 50.00% | 47.29% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,40,000 | 5.43% | |
| Total Shares Offered | 25,80,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 10,000 shares and in multiples thereof.
| 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 |
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.
| 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 | 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 |
| KPI | |
|---|---|
| RoNW | 1.44% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 98.2% | |
| Market Cap | ₹8.36 Cr. |
Sorry, we couldn't find the subscription details. Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue management fees including fees and reimbursements of Market Making fees, selling commissions, brokerages, and payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses | 0.42 |
| 2 | Printing & Stationery, Distribution, Postage, etc | 0.03 |
| 3 | Advertisement & Marketing Expenses | 0.05 |
| 4 | Regulatory & other expenses | 0.03 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹10.00 |
| Open | ₹10.60 |
| Low | ₹10.10 |
| High | ₹10.60 |
| Last Trade | ₹10.10 |
Satellite Corporate Services Pvt.Ltd.
Lead Manager Reports
Karnavati Finance IPO is a SME IPO of 25,80,000 equity shares of the face value of ₹10 aggregating up to ₹3 Crores. The issue is priced at ₹10 per share. The minimum order quantity is 10000.
The IPO opens on Mon, Jan 19, 2015, and closes on Wed, Jan 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 Mon, Jan 19, 2015 and closes on Wed, Jan 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 Thu, Feb 5, 2015.
