Fixed Price IPO | ₹11 Cr | Listed at NSE SME | Fri, Mar 22, 2019 - Thu, Apr 4, 2019
KHFM Hospitality IPO is a fixed price issue of ₹10.62 crores. The issue is entirely a fresh issue of 0.29 crore shares of ₹10.62 crore.
KHFM Hospitality IPO bidding started from Mar 22, 2019 and ended on Apr 4, 2019. The shares got listed on NSE SME on Apr 12, 2019.
KHFM Hospitality IPO price is ₹36 per share. The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,08,000 (3000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (6,000 shares), amounting to ₹2,16,000.
Bonanza Portfolio 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 Nikunj Stock Brokers Ltd..
Refer to KHFM Hospitality IPO RHP for detailed Information.
IPO Open
Fri, Mar 22, 2019
IPO Close
Thu, Apr 4, 2019
Issue Price
₹36 per share
Market Cap (Pre-IPO)
₹34.92 Cr
| IPO Date | 22 Mar to 4 Apr, 2019 |
| Listed on | Fri, Apr 12, 2019 |
| Face Value | ₹10 per share |
| Issue Price | ₹36 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 29,49,000 shares (agg. up to ₹11 Cr) |
| Reserved for Market Maker | 1,50,000 shares Nikunj Stock Brokers Ltd. (agg. up to ₹0.5400 Cr) |
| Fresh Issue (Ex Market Maker) | 27,99,000 shares (agg. up to ₹10 Cr) |
| Net Offered to Public | 27,99,000 shares (agg. up to ₹10 Cr) |
| Share Holding Pre Issue | 67,50,000 shares |
| Share Holding Post Issue | 97,00,000 shares |
| NSE Symbol | KHFM |
| ISIN | INE00UG01014 |
KHFM Hospitality IPO comprises a total issue size of 29,49,000 shares. The net offer to the public is 27,99,000 shares, after excluding 1,50,000 shares allotted on a firm basis. Of the Net offer 13,98,000 (49.95%) allocated to NII 14,01,000 (50.05%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 13,98,000 | 49.95% | 47.41% |
| Retail Shares Offered | 14,01,000 | 50.05% | 47.51% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,50,000 | 5.09% | |
| Total Shares Offered | 29,49,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹1,08,000 |
| Retail (Max) | 1 | 3,000 | ₹1,08,000 |
| HNI (Min) | 2 | 6,000 | ₹2,16,000 |
Incorporated in 2006, Mumbai based KHFM Hospitality and Facility Management Services Limited provides integrated hospitality and facility management services to PSUs, MNCs, Railways, and other commercials. The company primarily offers Security Service, Horticulture & Gardening, Hospitality Services & Catering, and Facility Management services. It has a PAN India presence with site offices in 21 cities across 10 states.
The company works on an asset-light model where it maintains fewer capital assets as compared to the value of its working capital requirements. The majority of revenues of KHFM is generated from soft services such as Guest House Management & Catering, Hospitality Services, Facility Management, and housekeeping services.
KHFM Hospitality and Facility Management Services Limited obtain the majority of business through Tender Process which includes competitive bidding process. Some of the contracts of the company are with the government agencies and Government of India which may be affected by the change in government policies in future.
The competitive strengths of the company are:
• Experienced team with domain expertise
• 70% client retention for last 2-years
• Technological advancement
• Diversified service portfolio
• PAN India presence
| 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 | To meet working capital requirement | 10.00 |
| 2 | General Corporate Purpose | 0.26 |
The KHFM HOSPITALITY IPO is subscribed 1.34 times on April 4, 2019 6:00:00 PM (Day 10). The public issue subscribed 1.48 times in the retail category, [.] times in the QIB category, and 1.34 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.34 | 13,27,500 | 17,82,000 |
| Retail | 1.48 | 13,27,500 | 19,62,000 |
| Total | 1.34 | 28,02,500 | 37,44,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including underwriting and selling commissions, brokerages, Legal Advisors, Registrars, etc and other out of pocket expenses. | 0.87 |
| 2 | Printing and Stationery and postage expenses | 0.03 |
| 3 | Regulatory and other expenses including Listing Fee | 0.05 |
| Total | 0.95 |
KHFM Hospitality And Facility Management Services Limited has informed the Exchange that the issue closure date has been extended upto 04 April,2019. Price has been revised from Rs 38 to Rs 36 per share.
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹36.00 |
| Open | ₹36.50 |
| Low | ₹35.95 |
| High | ₹36.50 |
| Last Trade | ₹36.10 |
Lead Manager Reports
KHFM Hospitality IPO is a SME IPO of 29,49,000 equity shares of the face value of ₹10 aggregating up to ₹11 Crores. The issue is priced at ₹36 per share. The minimum order quantity is 3000.
The IPO opens on Fri, Mar 22, 2019, and closes on Thu, Apr 4, 2019.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in KHFM Hospitality IPO using UPI as a payment gateway. Zerodha customers can apply in KHFM Hospitality IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in KHFM Hospitality IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The KHFM Hospitality IPO opens on Fri, Mar 22, 2019 and closes on Thu, Apr 4, 2019.
KHFM Hospitality IPO lot size is 3000, and the minimum amount required for application is ₹1,08,000.
You can apply in KHFM Hospitality 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 KHFM Hospitality IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the KHFM Hospitality IPO allotment status.
The KHFM Hospitality IPO listing date is on Fri, Apr 12, 2019.
