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Khemani Distributors IPO is a fixed price issue of ₹15.84 crores. The issue is entirely a fresh issue of 0.16 crore shares of ₹15.84 crore.
Khemani Distributors IPO bidding started from Mar 16, 2016 and ended on Mar 18, 2016. The shares got listed on BSE SME on Mar 30, 2016.
Khemani Distributors IPO price is ₹100.00 per share . The lot size for an application is 1,200. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (1200 shares). The minimum lot size investment for HNI is 2 lots (2,400 shares), amounting to ₹2,40,000.
Choice Capital Advisors 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 Choice Equity Broking Pvt.Ltd..
Refer to Khemani Distributors IPO RHP for detailed Information.
| IPO Date | March 16, 2016 to March 18, 2016 |
| Listing Date | March 30, 2016 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹100 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 15,84,000 shares (aggregating up to ₹15.84 Cr) |
| Reserved for Market Maker | 84,000 shares Choice Equity Broking Pvt.Ltd. (aggregating up to ₹0.8400 Cr) |
| Net Offered to Public | 15,00,000 shares (aggregating up to ₹15.00 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 41,59,500 shares |
| Share Holding Post Issue | 57,43,500 shares |
Khemani Distributors IPO offers total 15,84,000 shares. Out of which 7,50,000 (47.35%) allocated to NII, 7,50,000 (47.35%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 84,000 (5.30%) |
| NII (HNI) Shares Offered | 7,50,000 (47.35%) |
| Retail Shares Offered | 7,50,000 (47.35%) |
| Total Shares Offered | 15,84,000 (100.00%) |
Khemani Distributors IPO opens on March 16, 2016, and closes on March 18, 2016.
| IPO Open Date | Wed, Mar 16, 2016 |
| IPO Close Date | Fri, Mar 18, 2016 |
| Tentative Listing Date | Wed, Mar 30, 2016 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Mar 18, 2016 |
Investors can bid for a minimum of 1,200 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 | 1,200 | ₹1,20,000 |
| Retail (Max) | 1 | 1,200 | ₹1,20,000 |
| HNI (Min) | 2 | 2,400 | ₹2,40,000 |
Khemani Distributors & Marketing Ltd (KDM) is engaged in the business of trading in FMCG products of Hindustan Unilever Limited ('HUL') as a 'Redistribution Stockist' in Surat, Gujarat. Its product portfolio includes (a) personal care products; (b) home care products; and (c) food and drinks products. KDM primarily caters to the retailers and wholesalers of Surat wherein it supply the above range of HUL FMCG products. Currently, it is catering to approximately 3,500 retailers and wholesalers located in Surat. KDM also keeps investing and dealing in securities, in such manner, as it deems fit for the attainment of its main objects.
Initially, in the year 2011 the Company was involved in the business of distributorship of mobile handsets with one of the mobile manufacturers for the territories of Surat district, Tapi district, Navsari district, Silvassa, Daman, Umargaon, Pardi, Dharampur and Valsad town. However, it discontinued the said business in the year 2012.
The Company Khemani Distributors 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 | Repayment of unsecured loans | 7.50 |
| 2 | To meet the working capital requirements | 4.50 |
| 3 | General Corporate Purposes | 3.34 |
| 4 | Issue expenses | 0.50 |
[Dilip Davda] <p><strong>Performance of the company does not match the asking price. Exorbitant pricing makes this issue a high risk, no reward bet. Investors may give it a miss.</strong></p> Read detail review...
| Listing Date | March 30, 2016 |
| BSE Script Code | 539788 |
| NSE Symbol | |
| ISIN | INE030U01017 |
| Final Issue Price | ₹100 per share |
| BSE Listing Group | M |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹100.00 |
| Open | ₹105.00 |
| Low | ₹101.00 |
| High | ₹105.00 |
| Last Trade | ₹101.00 |
Khemani Distributors & Marketing Ltd.
Survey No. 187, Plot No. 1 to 4,
Opposite Saiffee Complex, Near Baroda Rayon Corp,
Udhana, Bhestan,
Surat, Gujarat, 394210
Phone: +91-261-2905031
Email: investors@khemanigroup.net
Website: http://www.khemanigroup.net/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Khemani Distributors IPO is a SME IPO of 15,84,000 equity shares of the face value of ₹10 aggregating up to ₹15.84 Crores. The issue is priced at ₹100 per share. The minimum order quantity is 1200.
The IPO opens on March 16, 2016, and closes on March 18, 2016.
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 Khemani Distributors IPO using UPI as a payment gateway. Zerodha customers can apply in Khemani Distributors IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Khemani Distributors IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Khemani Distributors IPO opens on March 16, 2016 and closes on March 18, 2016.
Khemani Distributors IPO lot size is 1200, and the minimum amount required for application is ₹1,20,000.
You can apply in Khemani Distributors 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 Khemani Distributors IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Khemani Distributors IPO allotment status.
The Khemani Distributors IPO listing date is on Wednesday, March 30, 2016.
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