Bookbuilding IPO | ₹81 Cr | Listed at BSE, NSE | Mon, Mar 20, 2006 - Thu, Mar 23, 2006
Kewal Kiran Clothing IPO is a book build issue of ₹80.60 crores. The issue is entirely a fresh issue of 0.31 crore shares of ₹80.60 crore.
Kewal Kiran Clothing IPO bidding started from Mar 20, 2006 and ended on Mar 23, 2006. The shares got listed on NSE and BSE on Apr 13, 2006.
Kewal Kiran Clothing IPO is set final issue price at ₹260 per share.
Axis Capital Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Kewal Kiran Clothing IPO RHP for detailed Information.
IPO Open
Mon, Mar 20, 2006
IPO Close
Thu, Mar 23, 2006
Issue Price
₹260 per share
Market Cap (Pre-IPO)
₹320.45 Cr
| IPO Date | 20 to 23 Mar, 2006 |
| Listed on | Thu, Apr 13, 2006 |
| Face Value | ₹10 per share |
| Price Band | ₹250 to ₹275 |
| Issue Price | ₹260 per share |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 31,00,000 shares (agg. up to ₹81 Cr) |
| Fresh Issue | 31,00,000 shares (agg. up to ₹81 Cr) |
| Share Holding Pre Issue | 92,25,000 shares |
| Share Holding Post Issue | 1,23,25,000 shares |
| BSE Script Code / NSE Symbol | 532732 / KKCL |
| ISIN | INE401H01017 |
Kewal Kiran Clothing IPO comprises a total issue size of 31,00,000 shares. Out of which, 15,50,000 (50.00%) are allocated to QIB, 4,65,000 (15.00%) allocated to NII 10,85,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue |
|---|---|---|
| QIB Shares Offered | 15,50,000 | 50.00% |
| NII (HNI) Shares Offered | 4,65,000 | 15.00% |
| Retail Shares Offered | 10,85,000 | 35.00% |
| Total Shares Offered | 31,00,000 | 100.00% |
Established in January 1992, Kewal Kiran Clothing Ltd. designs, manufactures, brands, and sells ready-made apparel in the men’s segment and other accessories under various brands.
The company's brands range from premium high fashion, like ‘Killer’ for denim and ‘Easies’ for casual wear, to middle and economy segments, including ‘Lawman’ and ‘Integriti’.
A large portion of apparel is produced at the in-house plants in Dadar, Goregaon, Vapi, and Daman. The distribution includes K-Lounge stores, NCS, and MBO outlets. We aim to expand in India with more exclusive stores and department store chains.
| Period Ended | 31 Mar 2005 | 31 Mar 2004 | 31 Mar 2003 | 31 Mar 2002 | 31 Mar 2001 |
|---|---|---|---|---|---|
| Total Income | 26.84 | 25.39 | 4.11 | 0.07 | -0.00 |
| Profit After Tax | 3.72 | 3.85 | 0.46 | -0.81 | -0.16 |
| NET Worth | 0.86 | 0.86 | 0.86 | -0.00 | 0.64 |
| Reserves and Surplus | 7.56 | 3.74 | -0.14 | -1.00 | -0.36 |
| Amount in ₹ Crore | |||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Setting up exclusive outlets called K–Lounge across India | 34.68 |
| 2 | Setting up of a new manufacturing unit | 32.40 |
| 3 | Furnishing of Corporate Office | 5.00 |
| 4 | General Corporate purposes | 1.27 |
| 5 | Issue expenses | 7.26 |
| Total | 80.60 |
| KPI | Mar 31, 2005 |
|---|---|
| RoNW | 45% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 95.26% | 71.32% |
| Market Cap | ₹320.45 Cr. |
The Kewal Kiran Clothing IPO IPO subscription status. Full data available on IPOMatrix.com.
| Category | Subscription (times) | Shares Offered | Shares bid for | |
|---|---|---|---|---|
| Total | 12.42 | 31,00,000 | 3,84,94,000 | |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead management, underwriting commission | 0.28 |
| 2 | Advertising and Marketing expenses | 0.25 |
| 3 | Printing and stationery | 0.08 |
| 4 | Others (Registrars fee, legal fee, etc.) | 0.11 |
| Total | 0.73 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹260.00 | ₹260.00 |
| Open | ₹299.00 | ₹270.00 |
| Low | ₹241.00 | ₹237.25 |
| High | ₹309.90 | ₹308.70 |
| Last Trade | ₹247.25 | ₹243.45 |
Lead Manager Reports
Kewal Kiran Clothing IPO is a main-board IPO of 31,00,000 equity shares of the face value of ₹10 aggregating up to ₹81 Crores. The issue is priced at ₹260 per share. The minimum order quantity is .
The IPO opens on Mon, Mar 20, 2006, and closes on Thu, Mar 23, 2006.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Kewal Kiran Clothing IPO using UPI as a payment gateway. Zerodha customers can apply in Kewal Kiran Clothing IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Kewal Kiran Clothing IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Kewal Kiran Clothing IPO opens on Mon, Mar 20, 2006 and closes on Thu, Mar 23, 2006.
Kewal Kiran Clothing IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Kewal Kiran Clothing 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 Kewal Kiran Clothing IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Kewal Kiran Clothing IPO allotment status.
The Kewal Kiran Clothing IPO listing date is on Thu, Apr 13, 2006.
