Fixed Price IPO | ₹16 Cr | Listed at BSE SME | Wed, Mar 16, 2016 - Fri, Mar 18, 2016
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Wed, Mar 16, 2016
IPO Close
Fri, Mar 18, 2016
Issue Price
₹100 per share
Market Cap (Pre-IPO)
₹57.44 Cr
| IPO Date | 16 to 18 Mar, 2016 |
| Listed on | Wed, Mar 30, 2016 |
| Face Value | ₹10 per share |
| Issue Price | ₹100 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 15,84,000 shares (agg. up to ₹16 Cr) |
| Reserved for Market Maker | 84,000 shares Choice Equity Broking Pvt.Ltd. (agg. up to ₹0.8400 Cr) |
| Fresh Issue (Ex Market Maker) | 15,00,000 shares (agg. up to ₹15 Cr) |
| Net Offered to Public | 15,00,000 shares (agg. up to ₹15 Cr) |
| Share Holding Pre Issue | 41,59,500 shares |
| Share Holding Post Issue | 57,43,500 shares |
| BSE Script Code | 539788 |
| ISIN | INE030U01017 |
Khemani Distributors IPO comprises a total issue size of 15,84,000 shares. The net offer to the public is 15,00,000 shares, after excluding 84,000 shares allotted on a firm basis. Of the Net offer 7,50,000 (50.00%) allocated to NII 7,50,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 7,50,000 | 50.00% | 47.35% |
| Retail Shares Offered | 7,50,000 | 50.00% | 47.35% |
| Firm Reservations | |||
| Market Maker Shares Offered | 84,000 | 5.30% | |
| Total Shares Offered | 15,84,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,200 shares and in multiples thereof.
| 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.
| 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 | 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 |
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 Banker including underwriting and selling commissions, brokerages, payment to other intermediaries such as Legal Advisor, Registrar, Market Maker, Bankers, etc., and other out of pocket expenses | 0.40 |
| 2 | Printing and Stationery and postage expenses | 0.03 |
| 3 | Advertising and Marketing expenses | 0.03 |
| 4 | Regulatory Fees and other expenses | 0.05 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹100.00 |
| Open | ₹105.00 |
| Low | ₹101.00 |
| High | ₹105.00 |
| Last Trade | ₹101.00 |
Lead Manager Reports
Khemani Distributors IPO is a SME IPO of 15,84,000 equity shares of the face value of ₹10 aggregating up to ₹16 Crores. The issue is priced at ₹100 per share. The minimum order quantity is 1200.
The IPO opens on Wed, Mar 16, 2016, and closes on Fri, Mar 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 Wed, Mar 16, 2016 and closes on Fri, Mar 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 Wed, Mar 30, 2016.
