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Karnimata Cold Storage IPO is a fixed price issue of ₹3.04 crores. The issue is entirely a fresh issue of 0.15 crore shares of ₹3.04 crore.
Karnimata Cold Storage IPO bidding started from Feb 25, 2014 and ended on Mar 3, 2014. The shares got listed on BSE SME on Mar 18, 2014.
Karnimata Cold Storage IPO price is ₹20.00 per share . The lot size for an application is 6,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (6000 shares). The minimum lot size investment for HNI is 2 lots (12,000 shares), amounting to ₹2,40,000.
Aryaman Financial Services 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 Vasundhara Merchants Ltd..
Refer to Karnimata Cold Storage IPO RHP for detailed Information.
| IPO Date | February 25, 2014 to March 3, 2014 |
| Listing Date | March 18, 2014 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹20 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 15,18,000 shares (aggregating up to ₹3.04 Cr) |
| Reserved for Market Maker | 78,000 shares Vasundhara Merchants Ltd. (aggregating up to ₹0.1560 Cr) |
| Reserved for Private Promoter | 1,62,000 shares (aggregating up to ₹0.3240 Cr) |
| Net Offered to Public | 12,78,000 shares (aggregating up to ₹2.56 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 35,66,000 shares |
| Share Holding Post Issue | 50,84,000 shares |
Karnimata Cold Storage IPO offers total 13,56,000 shares. Out of which 6,39,000 (47.12%) allocated to NII, 6,39,000 (47.12%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 78,000 (5.75%) |
| NII (HNI) Shares Offered | 6,39,000 (47.12%) |
| Retail Shares Offered | 6,39,000 (47.12%) |
| Total Shares Offered | 13,56,000 (100.00%) |
Karnimata Cold Storage IPO opens on February 25, 2014, and closes on March 3, 2014.
| IPO Open Date | Tue, Feb 25, 2014 |
| IPO Close Date | Mon, Mar 3, 2014 |
| Tentative Listing Date | Tue, Mar 18, 2014 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Mar 3, 2014 |
Investors can bid for a minimum of 6,000 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 | 6,000 | ₹1,20,000 |
| Retail (Max) | 1 | 6,000 | ₹1,20,000 |
| HNI (Min) | 2 | 12,000 | ₹2,40,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2011, Karnimata Cold Storage Ltd is engaged in the business of cold storage and trading of agricultural commodities currently specializing in potatoes. They have set up and made operational first cold storage unit in Medinipur District, West Bengal having an installed capacity of 1,81,000 quintals for preservation of potatoes.
Company provides cold storage facility to local farmers and traders on rental basis. There are around 70-80 cold storages operating in West Medinipur for storage of potato. The company has licensed storage capacity of 1,81,000 quintals which shall be increased by addition in the financial year 2013 – 14 by addition of further capacity for storage of 75,000 quintals of potatoes.
The Company Karnimata Cold Storage 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 | Augment the capital base for providing of Seasonal Loans to farmers/traders | 5.16 |
| 2 | Issue related Expenses | 0.40 |
| 3 | General Corporate Purposes | 0.05 |
[Dilip Davda] <p> </p> <p style="margin: 0in 0in 0pt; text-align: justify;"><strong style="mso-bidi-font-weight: normal;"><span style="text-decoration: underline;"><span style="font-family: Calibri; font-size: medium;">Avoid this costly offer with entry barriers.</span></span></strong></p> Read detail review...
| Listing Date | March 18, 2014 |
| BSE Script Code | 537784 |
| NSE Symbol | |
| ISIN | INE576P01019 |
| Final Issue Price | ₹20 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹20.00 |
| Open | ₹29.05 |
| Low | ₹27.60 |
| High | ₹30.00 |
| Last Trade | ₹30.00 |
Karnimata Cold Storage Ltd.
Village – Chekuasole,
P.O.–Jogerdanga, P.S.–Goaltore,
Dist–Paschim,
Medinipur, West Bengal, 721121
Phone: +91 3227 218314
Email: karnimatacoldstorage@gmail.com
Website: http://www.karnimatacoldstorage.com
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Karnimata Cold Storage IPO is a SME IPO of 15,18,000 equity shares of the face value of ₹10 aggregating up to ₹3.04 Crores. The issue is priced at ₹20 per share. The minimum order quantity is 6000.
The IPO opens on February 25, 2014, and closes on March 3, 2014.
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 Karnimata Cold Storage IPO using UPI as a payment gateway. Zerodha customers can apply in Karnimata Cold Storage IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Karnimata Cold Storage IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Karnimata Cold Storage IPO opens on February 25, 2014 and closes on March 3, 2014.
Karnimata Cold Storage IPO lot size is 6000, and the minimum amount required for application is ₹1,20,000.
You can apply in Karnimata Cold Storage 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 Karnimata Cold Storage IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Karnimata Cold Storage IPO allotment status.
The Karnimata Cold Storage IPO listing date is on Tuesday, March 18, 2014.
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