Fixed Price IPO | ₹16 Cr | Listed at BSE SME | Thu, Jun 30, 2022 - Mon, Jul 4, 2022
Kesar India IPO is a fixed price issue of ₹15.82 crores. The issue is entirely a fresh issue of 0.09 crore shares of ₹15.82 crore.
Kesar India IPO bidding started from Jun 30, 2022 and ended on Jul 4, 2022. The allotment for Kesar India IPO was finalized on Jul 7, 2022. The shares got listed on BSE SME on Jul 12, 2022.
Kesar India IPO price is ₹170 per share. The lot size for an application is 800. The minimum amount of investment required by an individual investor (retail) is ₹1,36,000 (800 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (1,600 shares), amounting to ₹2,72,000.
Hem Securities Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The Market Maker of the company is Hem Finlease Pvt.Ltd..
Refer to Kesar India IPO RHP for detailed Information.
IPO Open
Thu, Jun 30, 2022
IPO Close
Mon, Jul 4, 2022
Issue Price
₹170 per share
Market Cap (Pre-IPO)
₹60.02 Cr
| IPO Date | 30 Jun to 4 Jul, 2022 |
| Listed on | Tue, Jul 12, 2022 |
| Face Value | ₹10 per share |
| Issue Price | ₹170 per share |
| Lot Size | 800 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 9,30,400 shares (agg. up to ₹16 Cr) |
| Reserved for Market Maker | 47,200 shares Hem Finlease Pvt.Ltd. (agg. up to ₹0.8024 Cr) |
| Fresh Issue (Ex Market Maker) | 8,83,200 shares (agg. up to ₹15 Cr) |
| Net Offered to Public | 8,83,200 shares (agg. up to ₹15 Cr) |
| Share Holding Pre Issue | 26,00,000 shares |
| Share Holding Post Issue | 35,30,400 shares |
| BSE Script Code | 543542 |
| ISIN | INE0L1C01019 |
Kesar India IPO comprises a total issue size of 9,30,400 shares. The net offer to the public is 8,83,200 shares, after excluding 47,200 shares allotted on a firm basis. Of the Net offer 4,41,600 (50.00%) allocated to NII 4,41,600 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 4,41,600 | 50.00% | 47.46% |
| Retail Shares Offered | 4,41,600 | 50.00% | 47.46% |
| Firm Reservations | |||
| Market Maker Shares Offered | 47,200 | 5.07% | |
| Total Shares Offered | 9,30,400 | 100.00% | 100.00% |
Investors can bid for a minimum of 800 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹1,36,000 |
| Retail (Max) | 1 | 800 | ₹1,36,000 |
| HNI (Min) | 2 | 1,600 | ₹2,72,000 |
Kesar India Limited is engaged in the business of developing and constructing residential and commercial projects, industrial buildings, factory buildings, workshop buildings, etc. All the projects are marketed under the brand name, "Kesar Lands".
As of December 31, 2021, it has a total land reserve of 123.70 lakh square feet. It has successfully completed many projects such as Kesar Vihar, Kesar Shree, Kesar Garden, and Kesar Signature projects. Kesar Gateway is its ongoing project while Kesar Forest, Kesar Exotica, Kesar Tower, Kesar Hills, and Kesar Imperial are some of the upcoming projects.
Competitive strengths
| Period Ended | 31 Dec 2021 | 31 Mar 2021 | 31 Mar 2020 | 31 Mar 2019 |
|---|---|---|---|---|
| Assets | 8.18 | 3.75 | 2.43 | 2.20 |
| Total Income | 6.96 | 1.20 | 0.58 | 0.19 |
| Profit After Tax | 3.24 | 0.01 | 0.04 | 0.01 |
| NET Worth | 2.44 | -0.81 | -0.82 | -0.86 |
| 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 finance development Expenses of the Projects & upcoming Projects | 10.50 |
| 2 | Acquisition of land or land development right | 1.50 |
| 3 | General corporate purposes | 2.31 |
| KPI | |
|---|---|
| ROE | -2 |
| ROCE | -2 |
| Debt/Equity | 1.28 |
| RoNW | -1.52 |
| PAT Margin | 1.00% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 7.54 | |
| P/E (x) | 13.87 | |
| Promoter Holding | 100% | 73.65% |
| Market Cap | ₹60.02 Cr. |
The Kesar India IPO is subscribed 1.77 times on July 4, 2022 6:25:00 PM (Day 3). The public issue subscribed 0.91 times in the retail category, [.] times in the QIB category, and 2.62 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 2.62 | 4,41,600 | 11,57,600 |
| Retail | 0.91 | 4,41,600 | 4,01,600 |
| Total | 1.77 | 8,83,200 | 15,59,200 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manger Fees including Underwriting Commission & selling & marketing commission | 1.28 |
| 2 | Registrar to the Issue | 0.01 |
| 3 | Legal and other advisory fees | 0.02 |
| 4 | Regulators including stock exchanges | 0.04 |
| 5 | Printing and Distribution of issue stationery | 0.01 |
| 6 | Others, if any (Market making, depositories, marketing fees etc.) | 0.14 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹170.00 |
| Open | ₹172.50 |
| Low | ₹172.00 |
| High | ₹178.00 |
| Last Trade | ₹174.00 |
Lead Manager Reports
Kesar India IPO is a SME IPO of 9,30,400 equity shares of the face value of ₹10 aggregating up to ₹16 Crores. The issue is priced at ₹170 per share. The minimum order quantity is 800.
The IPO opens on Thu, Jun 30, 2022, and closes on Mon, Jul 4, 2022.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Kesar India IPO using UPI as a payment gateway. Zerodha customers can apply in Kesar India IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Kesar India IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Kesar India IPO opens on Thu, Jun 30, 2022 and closes on Mon, Jul 4, 2022.
Kesar India IPO lot size is 800, and the minimum amount required for application is ₹1,36,000.
You can apply in Kesar India 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 Kesar India IPO will be done on Thursday, July 7, 2022, and the allotted shares will be credited to your demat account by Mon, Jul 11, 2022. Check the Kesar India IPO allotment status.
The Kesar India IPO listing date is on Tue, Jul 12, 2022.
