Fixed Price IPO | ₹20 Cr | Listed at NSE SME | Mon, Feb 13, 2017 - Thu, Feb 16, 2017
Krishana Phoschem IPO is a fixed price issue of ₹19.73 crores. The issue is entirely an offer for sale of 0.66 crore shares of ₹19.73 crore.
Krishana Phoschem IPO bidding started from Feb 13, 2017 and ended on Feb 16, 2017. The shares got listed on NSE SME on Feb 27, 2017.
Krishana Phoschem IPO price is ₹30 per share. The lot size for an application is 4,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (4000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (8,000 shares), amounting to ₹2,40,000.
Hem Securities Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Hem Finlease Pvt.Ltd..
Refer to Krishana Phoschem IPO RHP for detailed Information.
IPO Open
Mon, Feb 13, 2017
IPO Close
Thu, Feb 16, 2017
Issue Price
₹30 per share
Market Cap (Pre-IPO)
₹74.70 Cr
| IPO Date | 13 to 16 Feb, 2017 |
| Listed on | Mon, Feb 27, 2017 |
| Face Value | ₹10 per share |
| Issue Price | ₹30 per share |
| Lot Size | 4,000 Shares |
| Sale Type | OFS only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 65,76,000 shares (agg. up to ₹20 Cr) |
| Reserved for Market Maker | 3,36,000 shares Hem Finlease Pvt.Ltd. (agg. up to ₹1 Cr) |
| Offer for Sale | 62,40,000 shares of ₹10 (agg. up to ₹19 Cr) |
| Net Offered to Public | 62,40,000 shares (agg. up to ₹19 Cr) |
| Share Holding Pre Issue | 2,49,00,000 shares |
| Share Holding Post Issue | 2,49,00,000 shares |
| NSE Symbol | KRISHANA |
| ISIN | INE506W01012 |
Krishana Phoschem IPO comprises a total issue size of 65,76,000 shares. The net offer to the public is 62,40,000 shares, after excluding 3,36,000 shares allotted on a firm basis. Of the Net offer 31,20,000 (50.00%) allocated to NII 31,20,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 31,20,000 | 50.00% | 47.45% |
| Retail Shares Offered | 31,20,000 | 50.00% | 47.45% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,36,000 | 5.11% | |
| Total Shares Offered | 65,76,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 4,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4,000 | ₹1,20,000 |
| Retail (Max) | 1 | 4,000 | ₹1,20,000 |
| HNI (Min) | 2 | 8,000 | ₹2,40,000 |
Incorporated in 2004, Krishana Phoschem Limited is primarily engaged in manufacturing of fertilizers, intermediate dyes and other allied chemical products in the state of Madhya Pradesh. They are manufacturers of Benefited Rock Phosphate (BRP), Single Super Phosphate (SSP), Granulated Single Super Phosphate (GSSP), H-Acid, intermediate dyes and other allied chemicals.
Their products Single Super Phosphate (SSP) and Granulated Single Super Phosphate (GSSP) is used in replenishing "P" (Phosohorous) in the soil and act as a fertilizer for crop. Initially company was engaged in manufacturing of BRP and further expanded to forward integration in manufacturing of SSP and GSSP and expanding for Diversification in intermediate dyes and other allied chemicals.
Company manufacture specialized chemicals used for dying cloth such as H acid, E K acid, Vinyl sulphone, PNCBOSA, 4 sulphoantranilic acid, Violet acid, Sulpho Tobias acid. The chemicals produce by the company is used as Dye intermediate specifically for textiles Industry. Company' manufacturing facilities are located near the Jhabua, Meghnagar District (M.P).
| Period Ended |
|---|
| Amount in ₹ Crore |
Sorry, we couldn't find the subscription details. Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including, underwriting and selling commissions, brokerages, payment to other intermediaries such as Legal Advisors etc. and other out of pocket expenses | 0.21 |
| 2 | Printing & Stationery & Advertising Expenses etc. | 0.04 |
| 3 | Statutory & Regulatory Fees and other expenses | 0.03 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹30.00 |
| Open | ₹36.00 |
| Low | ₹34.00 |
| High | ₹36.00 |
| Last Trade | ₹36.00 |
Lead Manager Reports
Krishana Phoschem IPO is a SME IPO of 65,76,000 equity shares of the face value of ₹10 aggregating up to ₹20 Crores. The issue is priced at ₹30 per share. The minimum order quantity is 4000.
The IPO opens on Mon, Feb 13, 2017, and closes on Thu, Feb 16, 2017.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Krishana Phoschem IPO using UPI as a payment gateway. Zerodha customers can apply in Krishana Phoschem IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Krishana Phoschem IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Krishana Phoschem IPO opens on Mon, Feb 13, 2017 and closes on Thu, Feb 16, 2017.
Krishana Phoschem IPO lot size is 4000, and the minimum amount required for application is ₹1,20,000.
You can apply in Krishana Phoschem 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 Krishana Phoschem IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Krishana Phoschem IPO allotment status.
The Krishana Phoschem IPO listing date is on Mon, Feb 27, 2017.
