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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 ₹150.00 per share . The lot size for an application is 45. The minimum amount of investment required by an retail is ₹5,625 (45 shares). 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 Date | March 25, 2008 to April 2, 2008 |
| Listing Date | April 22, 2008 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹125 to ₹150 per share |
| Issue Price Final | ₹150 per share |
| Lot Size | 45 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 37,50,053 shares (aggregating up to ₹56.25 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 1,12,50,000 shares |
| Share Holding Post Issue | 1,50,00,000 shares |
kiri dyes IPO offers total 37,50,000 shares. Out of which 18,75,000 (50.00%) allocated to QIB, 5,62,500 (15.00%) allocated to NII, 13,12,500 (35.00%) allocated to RII.
| Investor Category | Shares Offered | Maximum 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%) |
Kiri Dyes IPO opens on March 25, 2008, and closes on April 2, 2008.
| IPO Open Date | Tue, Mar 25, 2008 |
| IPO Close Date | Wed, Apr 2, 2008 |
| Tentative Listing Date | Tue, Apr 22, 2008 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Apr 2, 2008 |
Investors can bid for a minimum of 45 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 | 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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
| Particulars | For the year/period ended (Rs. in lacs) | |||
| 31-Mar-07 | 31-Mar-06 | 31-Mar-05 | 31-Mar-04 | |
| Total Income | 14000.83 | 9678.80 | 7638.21 | 7858.59 |
| Profit After Tax (PAT) | 863.29 | 448.04 | 311.57 | 230.96 |
| KPI | Values |
|---|---|
| RoNW | 25.46% |
The Company kiri dyes IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (in Millions) |
|---|---|---|
| 1 | Capital Expenditure for setting up Sulphuric Acid & 4,207.00 its sub-products Unit | 4,207.00 |
| 2 | Capital Expenditure for Dyes and Intermediates Unit | 173.98 |
| 3 | Additional Working capital margin | 669.02 |
| 4 | Issue Expenses |
| Listing Date | April 22, 2008 |
| BSE Script Code | 532967 |
| NSE Symbol | KIRIINDUS |
| ISIN | INE415I01015 |
| Final Issue Price | ₹150 per share |
| BSE Listing Group | B |
Kiri Dyes & Chemicals Ltd.
7th Floor,
Hasubhai Chambers,
Ellis Bridge,
Ahmedabad, Gujarat, 380006
Phone: + 91-792-6574371
Email: ipo@kiridyes.com
Website: http://www.kiridyes.com
Cameo Corporate Services Ltd.
Phone: +91-44-28460390
Email: cameo@cameoindia.com
Website: https://ipo.cameoindia.com/
Kiri Dyes IPO is a main-board IPO of 37,50,053 equity shares of the face value of ₹10 aggregating up to ₹56.25 Crores. The issue is priced at ₹150 per share. The minimum order quantity is 45.
The IPO opens on March 25, 2008, and closes on April 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 March 25, 2008 and closes on April 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 Tuesday, April 22, 2008.
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