Fixed Price IPO | ₹11 Cr | Listed at NSE SME | Thu, Oct 21, 2021 - Mon, Oct 25, 2021
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Thu, Oct 21, 2021
IPO Close
Mon, Oct 25, 2021
Issue Price
₹51 per share
Market Cap (Pre-IPO)
₹42.20 Cr
| IPO Date | 21 to 25 Oct, 2021 |
| Listed on | Tue, Nov 2, 2021 |
| Face Value | ₹10 per share |
| Issue Price | ₹51 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 22,08,000 shares (agg. up to ₹11 Cr) |
| Reserved for Market Maker | 1,12,000 shares Sunflower Broking Pvt.Ltd. (agg. up to ₹0.5712 Cr) |
| Fresh Issue (Ex Market Maker) | 20,96,000 shares (agg. up to ₹11 Cr) |
| Net Offered to Public | 20,96,000 shares (agg. up to ₹11 Cr) |
| Share Holding Pre Issue | 60,66,900 shares |
| Share Holding Post Issue | 82,74,900 shares |
| NSE Symbol | KOTYARK |
| ISIN | INE0J0B01017 |
Kotyark Industries IPO comprises a total issue size of 22,08,000 shares. The net offer to the public is 20,96,000 shares, after excluding 1,12,000 shares allotted on a firm basis. Of the Net offer 10,48,000 (50.00%) allocated to NII 10,48,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 10,48,000 | 50.00% | 47.46% |
| Retail Shares Offered | 10,48,000 | 50.00% | 47.46% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,12,000 | 5.07% | |
| Total Shares Offered | 22,08,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| 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 |
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:
| 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 | 8.30 |
| 2 | General Corporate Expenses | 2.36 |
| 3 | Public Issue Expenses | 0.60 |
The Kotyark Industries IPO is subscribed 7.15 times on October 25, 2021 5:00:00 PM (Day 3). The public issue subscribed 10.7 times in the retail category, [.] times in the QIB category, and 3.6 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 3.6 | 10,48,000 | 37,72,000 |
| Retail | 10.7 | 10,48,000 | 1,12,14,000 |
| Total | 7.15 | 20,96,000 | 1,49,86,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including underwriting and selling commissions, brokerages, payment to other intermediaries such as Legal Advisors, Registrars, etc | 0.30 |
| 2 | Printing and Stationery and postage expenses | 0.02 |
| 3 | Advertising and Marketing expenses | 0.20 |
| 4 | Statutory expenses | 0.08 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹51.00 |
| Open | ₹51.00 |
| Low | ₹48.45 |
| High | ₹51.90 |
| Last Trade | ₹48.45 |
Lead Manager Reports
Kotyark Industries IPO is a SME IPO of 22,08,000 equity shares of the face value of ₹10 aggregating up to ₹11 Crores. The issue is priced at ₹51 per share. The minimum order quantity is 2000.
The IPO opens on Thu, Oct 21, 2021, and closes on Mon, Oct 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 Thu, Oct 21, 2021 and closes on Mon, Oct 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 Tue, Nov 2, 2021.
