Fixed Price IPO | ₹5 Cr | Listed at BSE SME | Wed, Feb 20, 2013 - Fri, Feb 22, 2013
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Wed, Feb 20, 2013
IPO Close
Fri, Feb 22, 2013
Issue Price
₹40 per share
Market Cap (Pre-IPO)
₹13.89 Cr
| IPO Date | 20 to 22 Feb, 2013 |
| Listed on | Tue, Mar 12, 2013 |
| Face Value | ₹10 per share |
| Issue Price | ₹40 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 12,75,000 shares (agg. up to ₹5 Cr) |
| Reserved for Market Maker | 2,07,000 shares K.M.Jain Stock Brokers Pvt.Ltd. (agg. up to ₹0.8280 Cr) |
| Fresh Issue (Ex Market Maker) | 10,68,000 shares (agg. up to ₹4 Cr) |
| Net Offered to Public | 10,68,000 shares (agg. up to ₹4 Cr) |
| Share Holding Pre Issue | 21,97,902 shares |
| Share Holding Post Issue | 34,72,902 shares |
| BSE Script Code | 535136 NIBE |
| ISIN | INE149O01018 |
Kavita Fabrics IPO comprises a total issue size of 12,75,000 shares. The net offer to the public is 10,68,000 shares, after excluding 2,07,000 shares allotted on a firm basis. Of the Net offer 5,34,000 (50.00%) allocated to NII 5,34,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 5,34,000 | 50.00% | 41.88% |
| Retail Shares Offered | 5,34,000 | 50.00% | 41.88% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,07,000 | 16.24% | |
| Total Shares Offered | 12,75,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| 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 |
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.
| 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 | Long term working capital requirement | 3.50 |
| 2 | General Corporate Expenses | 1.20 |
| 3 | Issue Expenses | 0.40 |
| KPI | |
|---|---|
| RoNW | 5.92% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 56.78% | 35.93% |
| Market Cap | ₹13.89 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 | Payment to Merchant Bankers, market making fees, selling commissions, underwriting commissions, brokerages, payment to other intermediaries such as Legal Advisors, Registrars, Bankers etc and other out of pocket expenses | 0.23 |
| 2 | Printing and Stationery and postage expenses | 0.05 |
| 3 | Advertising and Marketing expenses | 0.04 |
| 4 | Regulatory fees and expenses | 0.07 |
| 5 | Other Expenses | 0.01 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹40.00 |
| Open | ₹40.90 |
| Low | ₹40.00 |
| High | ₹41.00 |
| Last Trade | ₹41.00 |
Lead Manager Reports
Kavita Fabrics IPO is a SME IPO of 12,75,000 equity shares of the face value of ₹10 aggregating up to ₹5 Crores. The issue is priced at ₹40 per share. The minimum order quantity is 3000.
The IPO opens on Wed, Feb 20, 2013, and closes on Fri, Feb 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 Wed, Feb 20, 2013 and closes on Fri, Feb 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 Tue, Mar 12, 2013.
