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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 ₹170.00 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). The minimum lot size investment for 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 Date | June 30, 2022 to July 4, 2022 |
| Listing Date | July 12, 2022 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹170 per share |
| Lot Size | 800 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 9,30,400 shares (aggregating up to ₹15.82 Cr) |
| Reserved for Market Maker | 47,200 shares Hem Finlease Pvt.Ltd. (aggregating up to ₹0.8024 Cr) |
| Net Offered to Public | 8,83,200 shares (aggregating up to ₹15.01 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 26,00,000 shares |
| Share Holding Post Issue | 35,30,400 shares |
Kesar India IPO offers total 9,30,400 shares. Out of which 4,41,600 (47.46%) allocated to NII, 4,41,600 (47.46%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 47,200 (5.07%) |
| NII (HNI) Shares Offered | 4,41,600 (47.46%) |
| Retail Shares Offered | 4,41,600 (47.46%) |
| Total Shares Offered | 9,30,400 (100.00%) |
Kesar India IPO opens on June 30, 2022, and closes on July 4, 2022.
| IPO Open Date | Thu, Jun 30, 2022 |
| IPO Close Date | Mon, Jul 4, 2022 |
| Tentative Allotment | Thu, Jul 7, 2022 |
| Initiation of Refunds | Fri, Jul 8, 2022 |
| Credit of Shares to Demat | Mon, Jul 11, 2022 |
| Tentative Listing Date | Tue, Jul 12, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Jul 4, 2022 |
Investors can bid for a minimum of 800 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 | 800 | ₹1,36,000 |
| Retail (Max) | 1 | 800 | ₹1,36,000 |
| HNI (Min) | 2 | 1,600 | ₹2,72,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 | Total Assets | Total Revenue | Profit After Tax | Net Worth |
|---|---|---|---|---|
| 31-Mar-19 | 220.31 | 18.54 | 0.73 | -85.88 |
| 31-Mar-20 | 243.2 | 57.7 | 3.73 | -82.15 |
| 31-Mar-21 | 374.72 | 119.71 | 1.19 | -80.96 |
| 31-Dec-21 | 818.31 | 695.5 | 324.49 | 243.65 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Kesar India IPO is ₹60.02 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 13.87 |
The company aims to utilize the net proceeds for the following purposes;
[Dilip Davda] The company is in a highly competitive and fragmented realty segment. After posting minuscule performance till FY21, it reported bumper results that raise eyebrows. Based on this super performance, the issue is fully priced. Small equity base post IPO indicates longer gestation for migration to the mainboard. Investors may skip this fully priced IPO. Read detail review...
| Listing Date | July 12, 2022 |
| BSE Script Code | 543542 |
| NSE Symbol | |
| ISIN | INE0L1C01019 |
| Final Issue Price | ₹170 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹170.00 |
| Open | ₹172.50 |
| Low | ₹172.50 |
| High | ₹175.80 |
| Last Trade | ₹175.50 |
Kesar India Ltd.
Flat No
F-101
Jagat Plaza Amravati Road,
Nagpur, Maharashtra, 440010
Phone: 1800-123-0854
Email: cs@kesarlands.com
Website: https://www.kesarlands.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: kesarindia.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Kesar India IPO is a SME IPO of 9,30,400 equity shares of the face value of ₹10 aggregating up to ₹15.82 Crores. The issue is priced at ₹170 per share. The minimum order quantity is 800.
The IPO opens on June 30, 2022, and closes on July 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 June 30, 2022 and closes on July 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 Monday, July 11, 2022. Check the Kesar India IPO allotment status.
The Kesar India IPO listing date is on Tuesday, July 12, 2022.
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