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Kotyark Industries IPO is a fixed price issue of ₹11.26 crores. The issue is entirely a fresh issue of 0.22 crore shares of ₹11.26 crore.
Kotyark Industries IPO bidding started from Oct 21, 2021 and ended on Oct 25, 2021. The shares got listed on NSE SME on Nov 2, 2021.
Kotyark Industries IPO price is ₹51.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,02,000 (2000 shares). The minimum lot size investment for HNI is 2 lots (4,000 shares), amounting to ₹2,04,000.
Beeline Broking Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The market maker of the company is Sunflower Broking Pvt.Ltd..
Refer to Kotyark Industries IPO RHP for detailed Information.
| IPO Date | October 21, 2021 to October 25, 2021 |
| Listing Date | November 2, 2021 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹51 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 22,08,000 shares (aggregating up to ₹11.26 Cr) |
| Reserved for Market Maker | 1,12,000 shares Sunflower Broking Pvt.Ltd. (aggregating up to ₹0.5712 Cr) |
| Net Offered to Public | 20,96,000 shares (aggregating up to ₹10.69 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 60,66,900 shares |
| Share Holding Post Issue | 82,74,900 shares |
Kotyark Industries IPO offers total 22,08,000 shares. Out of which 10,48,000 (47.46%) allocated to NII, 10,48,000 (47.46%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,12,000 (5.07%) |
| NII (HNI) Shares Offered | 10,48,000 (47.46%) |
| Retail Shares Offered | 10,48,000 (47.46%) |
| Total Shares Offered | 22,08,000 (100.00%) |
Kotyark Industries IPO opens on October 21, 2021, and closes on October 25, 2021.
| IPO Open Date | Thu, Oct 21, 2021 |
| IPO Close Date | Mon, Oct 25, 2021 |
| Tentative Listing Date | Tue, Nov 2, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Oct 25, 2021 |
Investors can bid for a minimum of 2,000 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 | 2,000 | ₹1,02,000 |
| Retail (Max) | 1 | 2,000 | ₹1,02,000 |
| HNI (Min) | 2 | 4,000 | ₹2,04,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2016, Kotyark Industries is engaged in the manufacturing of Biofuels. The company is focused on renewable green energy and sustainable development of renewable natural resources (Biofuels) through the adoption of environmentally friendly technology in vehicles for public and private transport as well as various equipment and Gen Sets.
The company's products are categorized into:
Kotyark Industries is an approved manufacturer of Biodiesel and has received Letter of Intent from the Biofuel Authority, Rural Development, Panchayat Raj Department, and Government of Rajasthan. The company has also received permission from the Government of Rajasthan for setting up Mobile Retail Outlet for sale of Bio-Diesel and has entered into Mobile Retail Outlet (MRO) Agreement with various parties for this. The company has a bio-diesel manufacturing capacity of 100,000 KL per month from Multi Feedstock at Rajasthan, India.
Competitive Strengths:
| Particulars | For the year/period ended (₹ in Millions) | ||||
|---|---|---|---|---|---|
| 31-Jul-21 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | ||
| Total Assets | 174.42 | 180.20 | 191.25 | 84.83 | |
| Total Revenue | 281.05 | 652.90 | 257.81 | 375.67 | |
| Profit After Tax | 5.16 | 10.44 | 4.85 | 5.77 | |
The Company Kotyark Industries 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 | To Meet Working Capital Requirement | 8.30 |
| 2 | General Corporate Expenses | 2.36 |
| 3 | Public Issue Expenses | 0.60 |
[Dilip Davda] KIL is the first mover in the bio-fuel segment and has met with good demand for its products. It is scaling up its capacity utilization based on demands and poised for bright prospects ahead. Though the issue appears aggressively priced based on current financial parameters, cash surplus/risk seeker investors may consider an investment with a long term perspective. Read detail review...
| Listing Date | November 2, 2021 |
| BSE Script Code | |
| NSE Symbol | KOTYARK |
| ISIN | INE0J0B01017 |
| Final Issue Price | ₹51 per share |
| BSE Listing Group | ST |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹51.00 |
| Open | ₹51.00 |
| Low | ₹48.45 |
| High | ₹51.90 |
| Last Trade | ₹48.45 |
Kotyark Industries Ltd.
A-3, 2nd Floor, Shree Ganesh Nagar,
Housing Society, Ramakaka Temple Road, Chhani,
Vadodara
Vadodara, Gujarat, 391740
Phone: 0265-2760345
Email: info@kotyark.com
Website: http://kotyark.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: kotyark.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Kotyark Industries IPO is a SME IPO of 22,08,000 equity shares of the face value of ₹10 aggregating up to ₹11.26 Crores. The issue is priced at ₹51 per share. The minimum order quantity is 2000.
The IPO opens on October 21, 2021, and closes on October 25, 2021.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Kotyark Industries IPO using UPI as a payment gateway. Zerodha customers can apply in Kotyark Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Kotyark Industries IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Kotyark Industries IPO opens on October 21, 2021 and closes on October 25, 2021.
Kotyark Industries IPO lot size is 2000, and the minimum amount required for application is ₹1,02,000.
You can apply in Kotyark Industries 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 Kotyark Industries IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Kotyark Industries IPO allotment status.
The Kotyark Industries IPO listing date is on Tuesday, November 2, 2021.
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