Fixed Price IPO | ₹3 Cr | Listed at BSE SME | Tue, Feb 25, 2014 - Mon, Mar 3, 2014
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Tue, Feb 25, 2014
IPO Close
Mon, Mar 3, 2014
Issue Price
₹20 per share
Market Cap (Pre-IPO)
₹10.17 Cr
| IPO Date | 25 Feb to 3 Mar, 2014 |
| Listed on | Tue, Mar 18, 2014 |
| Face Value | ₹10 per share |
| Issue Price | ₹20 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 15,18,000 shares (agg. up to ₹3 Cr) |
| Reserved for Market Maker | 78,000 shares Vasundhara Merchants Ltd. (agg. up to ₹0.1560 Cr) |
| Reserved for Private Promoter | 1,62,000 shares (agg. up to ₹0.3240 Cr) |
| Fresh Issue (Ex Market Maker) | 12,78,000 shares (agg. up to ₹3 Cr) |
| Net Offered to Public | 12,78,000 shares (agg. up to ₹3 Cr) |
| Share Holding Pre Issue | 35,66,000 shares |
| Share Holding Post Issue | 50,84,000 shares |
| BSE Script Code | 537784 |
| ISIN | INE576P01019 |
Karnimata Cold Storage IPO comprises a total issue size of 13,56,000 shares. The net offer to the public is 11,16,000 shares, after excluding 2,40,000 shares allotted on a firm basis. Of the Net offer 6,39,000 (50.00%) allocated to NII 6,39,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 6,39,000 | 50.00% | 47.12% |
| Retail Shares Offered | 6,39,000 | 50.00% | 47.12% |
| Firm Reservations | |||
| Market Maker Shares Offered | 78,000 | 5.75% | |
| Private Promoter Shares Offered | 1,62,000 | 11.95% | |
| Total Shares Offered | 13,56,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 6,000 shares and in multiples thereof.
| 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 |
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.
| 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 | Augment the capital base for providing of Seasonal Loans to farmers/traders | 5.16 |
| 2 | General Corporate Purposes | 0.05 |
| Total | 5.21 |
| KPI | |
|---|---|
| RoNW | 0.76% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 24.4% | 20.31% |
| Market Cap | ₹10.17 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. | 0.29 |
| 2 | Printing & Stationery, Distribution, Postage, etc. | 0.04 |
| 3 | Advertisement and Marketing Expenses | 0.05 |
| 4 | Stock Exchange Fees, Regulatory and other Expenses | 0.03 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹20.00 |
| Open | ₹29.05 |
| Low | ₹27.60 |
| High | ₹30.00 |
| Last Trade | ₹30.00 |
Lead Manager Reports
Karnimata Cold Storage IPO is a SME IPO of 15,18,000 equity shares of the face value of ₹10 aggregating up to ₹3 Crores. The issue is priced at ₹20 per share. The minimum order quantity is 6000.
The IPO opens on Tue, Feb 25, 2014, and closes on Mon, Mar 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 Tue, Feb 25, 2014 and closes on Mon, Mar 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 Tue, Mar 18, 2014.
