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Kavita Fabrics IPO is a fixed price issue of ₹5.10 crores. The issue is entirely a fresh issue of 0.13 crore shares of ₹5.10 crore.
Kavita Fabrics IPO bidding started from Feb 20, 2013 and ended on Feb 22, 2013. The shares got listed on BSE SME on Mar 12, 2013.
Kavita Fabrics IPO price is ₹40.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (3000 shares). The minimum lot size investment for HNI is 2 lots (6,000 shares), amounting to ₹2,40,000.
Intensive Fiscal Services Pvt.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 K.M.Jain Stock Brokers Pvt.Ltd..
Refer to Kavita Fabrics IPO RHP for detailed Information.
| IPO Date | February 20, 2013 to February 22, 2013 |
| Listing Date | March 12, 2013 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹40 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 12,75,000 shares (aggregating up to ₹5.10 Cr) |
| Reserved for Market Maker | 2,07,000 shares K.M.Jain Stock Brokers Pvt.Ltd. (aggregating up to ₹0.8280 Cr) |
| Net Offered to Public | 10,68,000 shares (aggregating up to ₹4.27 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 21,97,902 shares |
| Share Holding Post Issue | 34,72,902 shares |
Kavita Fabrics IPO offers total 12,75,000 shares. Out of which 5,34,000 (41.88%) allocated to NII, 5,34,000 (41.88%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,07,000 (16.24%) |
| NII (HNI) Shares Offered | 5,34,000 (41.88%) |
| Retail Shares Offered | 5,34,000 (41.88%) |
| Total Shares Offered | 12,75,000 (100.00%) |
Kavita Fabrics IPO opens on February 20, 2013, and closes on February 22, 2013.
| IPO Open Date | Wed, Feb 20, 2013 |
| IPO Close Date | Fri, Feb 22, 2013 |
| Tentative Listing Date | Tue, Mar 12, 2013 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Feb 22, 2013 |
Investors can bid for a minimum of 3,000 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 | 3,000 | ₹1,20,000 |
| Retail (Max) | 1 | 3,000 | ₹1,20,000 |
| HNI (Min) | 2 | 6,000 | ₹2,40,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2005, Kavita Fabrics Ltd is in the business of manufacturing synthetic fabrics from man-made yarns by using weaving technology. Based in Surat (Gujarat), Company manufactures synthetic fabrics in the form of semi-finished sarees and dress materials. They comes in various designs as per customer requirements and further processed by their customers before selling to the end-users.
The main raw material for their product is man-made yarn, which is acquired from several local suppliers. Company owns 36 jacquard power looms to undertake the weaving of the synthetic fabrics from man-made yarns.
| KPI | Values |
|---|---|
| RoNW | 5.92% |
The Company Kavita Fabrics 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 | Long term working capital requirement | 3.50 |
| 2 | General Corporate Expenses | 1.20 |
| 3 | Issue Expenses | 0.40 |
[Dilip Davda] <p>As for lead manager's track record, it managed 3 IPOs out of which, 1 failed to give listing gains on debut day. However, considering the aggressive pricing of the IPO, better <strong>give it a miss</strong>.</p> Read detail review...
| Listing Date | March 12, 2013 |
| BSE Script Code | 535136 |
| NSE Symbol | NIBE |
| ISIN | INE149O01018 |
| Final Issue Price | ₹40 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹40.00 |
| Open | ₹40.90 |
| Low | ₹40.00 |
| High | ₹41.00 |
| Last Trade | ₹41.00 |
Kavita Fabrics Ltd.
105,
Balaji Industrial Society - 1,
Udhna Magdalla Road,
Surat, Gujarat, 395007
Phone: +91–261–3018759
Email: info@kavitafabrics.com
Website: http://www.kavitafabrics.com
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Kavita Fabrics IPO is a SME IPO of 12,75,000 equity shares of the face value of ₹10 aggregating up to ₹5.10 Crores. The issue is priced at ₹40 per share. The minimum order quantity is 3000.
The IPO opens on February 20, 2013, and closes on February 22, 2013.
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 Kavita Fabrics IPO using UPI as a payment gateway. Zerodha customers can apply in Kavita Fabrics IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Kavita Fabrics IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Kavita Fabrics IPO opens on February 20, 2013 and closes on February 22, 2013.
Kavita Fabrics IPO lot size is 3000, and the minimum amount required for application is ₹1,20,000.
You can apply in Kavita Fabrics 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 Kavita Fabrics IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Kavita Fabrics IPO allotment status.
The Kavita Fabrics IPO listing date is on Tuesday, March 12, 2013.
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