Bookbuilding IPO | ₹56 Cr | Listed at BSE, NSE | Tue, Mar 25, 2008 - Wed, Apr 2, 2008
Kiri Dyes IPO is a book build issue of ₹56.25 crores. The issue is entirely a fresh issue of 0.38 crore shares of ₹56.25 crore.
Kiri Dyes IPO bidding started from Mar 25, 2008 and ended on Apr 2, 2008. The shares got listed on BSE, NSE on Apr 22, 2008.
Kiri Dyes IPO price band is set at ₹150 per share. The lot size for an application is 45. The minimum amount of investment required by an retail is ₹6,750 (45 shares) (based on upper price). The lot size investment for sNII is 30 lots (1,350 shares), amounting to ₹2,02,500, and for bNII, it is 149 lots (6,705 shares), amounting to ₹10,05,750.
Centrum Capital Ltd. is the book running lead manager and Cameo Corporate Services Ltd. is the registrar of the issue.
Refer to Kiri Dyes IPO RHP for detailed Information.
IPO Open
Tue, Mar 25, 2008
IPO Close
Wed, Apr 2, 2008
Issue Price
₹150 per share
Market Cap (Pre-IPO)
₹225.00 Cr
| IPO Date | 25 Mar to 2 Apr, 2008 |
| Listed on | Tue, Apr 22, 2008 |
| Face Value | ₹10 per share |
| Price Band | ₹125 to ₹150 |
| Issue Price | ₹150 per share |
| Lot Size | 45 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 37,50,053 shares (agg. up to ₹56 Cr) |
| Fresh Issue | 37,50,053 shares (agg. up to ₹56 Cr) |
| Share Holding Pre Issue | 1,12,50,000 shares |
| Share Holding Post Issue | 1,50,00,000 shares |
| BSE Script Code / NSE Symbol | 532967 / KIRIINDUS |
| ISIN | INE415I01015 |
Kiri Dyes IPO comprises a total issue size of 37,50,000 shares. Out of which, 18,75,000 (50.00%) are allocated to QIB, 5,62,500 (15.00%) allocated to NII 13,12,500 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 18,75,000 | 50.00% | NA |
| NII (HNI) Shares Offered | 5,62,500 | 15.00% | NA |
| Retail Shares Offered | 13,12,500 | 35.00% | 29,166 |
| Total Shares Offered | 37,50,000 | 100.00% |
Investors can bid for a minimum of 45 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 45 | ₹6,750 |
| Retail (Max) | 29 | 1,305 | ₹1,95,750 |
| S-HNI (Min) | 30 | 1,350 | ₹2,02,500 |
| S-HNI (Max) | 148 | 6,660 | ₹9,99,000 |
| B-HNI (Min) | 149 | 6,705 | ₹10,05,750 |
Incorporated in 1998, Kiri Dyes and Chemicals Limited is engaged in the business of manufacturing of reactive dyes which are called synthetic organic dyes used for cotton fabrics like garments, dress materials, bed-sheets, carpets etc. The dyes are of basically colours like black, blue, red, orange, yellow and numerous variants of these basic colours identified by color index number internationally. The product range of company caters to textiles, leather, paint and printing-ink industries with total production capacity of 10800 MTPA.
The Industry produces a wide spectrum of products, which include Pharmaceuticals, Dyes, Man-made Fibers, Plastics, Pesticides, Fertilizers, Cosmetics and Toiletries, Paint, Auxiliary Chemicals and wide range of organic and Inorganic compounds for applications ranging from automobiles, textile industry, engineering industry, construction chemicals and food additives to veterinary and health care products.
The company is engaged in the business of manufacturing and marketing of:
1. Reactive Dyes – Synthetic Organic Dyes (S. O. Dyes)
2. Dyes Intermediate: Vinyl Sulphone
3. Dyes Intermediate: H-Acid
| 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 | Capital Expenditure for setting up Sulphuric Acid & 4,207.00 its sub-products Unit | 42.07 |
| 2 | Capital Expenditure for Dyes and Intermediates Unit | 1.74 |
| 3 | Additional Working capital margin | 6.69 |
| 4 | Issue Expenses | 4.87 |
| Total | 55.37 |
| KPI | |
|---|---|
| RoNW | 25.46% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 88.76% | 66.57% |
| Market Cap | ₹225.00 Cr. |
The kiri dyes IPO is subscribed 1.43 times on April 2, 2008 5:00:00 PM (Day 7). The public issue subscribed 2.38 times in the retail category, 0.79 times in the QIB category, and 1.36 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manager’s fees, underwriting commission and brokerage | 1.41 |
| 2 | Co-Manager Fees | 0.55 |
| 3 | Marketing and advertisement expenses | 0.97 |
| 4 | Stationery, printing and registrar expenses | 1.30 |
| 5 | Legal fees, listing fees, book building charges, auditors fees | 0.58 |
| 6 | Miscellaneous | 0.06 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹150.00 | ₹150.00 |
| Open | ₹151.00 | ₹184.00 |
| Low | ₹151.00 | ₹156.15 |
| High | ₹204.00 | ₹228.70 |
| Last Trade | ₹158.55 | ₹158.95 |
Lead Manager Reports
Kiri Dyes IPO is a main-board IPO of 37,50,053 equity shares of the face value of ₹10 aggregating up to ₹56 Crores. The issue is priced at ₹150 per share. The minimum order quantity is 45.
The IPO opens on Tue, Mar 25, 2008, and closes on Wed, Apr 2, 2008.
Cameo Corporate Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Kiri Dyes IPO using UPI as a payment gateway. Zerodha customers can apply in Kiri Dyes IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Kiri Dyes IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Kiri Dyes IPO opens on Tue, Mar 25, 2008 and closes on Wed, Apr 2, 2008.
Kiri Dyes IPO lot size is 45, and the minimum amount required for application is ₹6,750.
You can apply in Kiri Dyes 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 Kiri Dyes IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Kiri Dyes IPO allotment status.
The Kiri Dyes IPO listing date is on Tue, Apr 22, 2008.
