Fixed Price IPO | ₹9 Cr | Listed at NSE SME | Fri, Sep 21, 2018 - Thu, Sep 27, 2018
Kshitij Polyline IPO is a fixed price issue of ₹8.75 crores. The issue is entirely a fresh issue of 0.25 crore shares of ₹8.75 crore.
Kshitij Polyline IPO bidding started from Sep 21, 2018 and ended on Sep 27, 2018. The allotment for Kshitij Polyline IPO was finalized on Oct 3, 2018. The shares got listed on NSE SME on Oct 8, 2018.
Kshitij Polyline IPO price is ₹35 per share. The lot size for an application is 4,000. The minimum amount of investment required by an individual investor (retail) is ₹1,40,000 (4000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (8,000 shares), amounting to ₹2,80,000.
Monarch Networth Capital Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The Market Maker of the company is Monarch Networth Capital Ltd..
Refer to Kshitij Polyline IPO RHP for detailed Information.
IPO Open
Fri, Sep 21, 2018
IPO Close
Thu, Sep 27, 2018
Issue Price
₹35 per share
Market Cap (Pre-IPO)
₹30.39 Cr
| IPO Date | 21 to 27 Sep, 2018 |
| Listed on | Mon, Oct 8, 2018 |
| Face Value | ₹10 per share |
| Issue Price | ₹35 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 25,00,000 shares (agg. up to ₹9 Cr) |
| Reserved for Market Maker | 1,32,000 shares Monarch Networth Capital Ltd. (agg. up to ₹0.4620 Cr) |
| Fresh Issue (Ex Market Maker) | 23,68,000 shares (agg. up to ₹8 Cr) |
| Net Offered to Public | 23,68,000 shares (agg. up to ₹8 Cr) |
| Share Holding Pre Issue | 61,83,336 shares |
| Share Holding Post Issue | 86,83,336 shares |
| NSE Symbol | KSHITIJPOL |
| ISIN | INE013801019 |
Kshitij Polyline IPO comprises a total issue size of 25,00,000 shares. The net offer to the public is 23,68,000 shares, after excluding 1,32,000 shares allotted on a firm basis. Of the Net offer 11,84,000 (50.00%) allocated to NII 11,84,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 11,84,000 | 50.00% | 47.36% |
| Retail Shares Offered | 11,84,000 | 50.00% | 47.36% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,32,000 | 5.28% | |
| Total Shares Offered | 25,00,000 | 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 | ₹1,40,000 |
| Retail (Max) | 1 | 4,000 | ₹1,40,000 |
| HNI (Min) | 2 | 8,000 | ₹2,80,000 |
Incorporated in 2008, Mumbai-based Kshitij Polyline Limited is a company engaged in the business of manufacturing, marketing, and sourcing of Plastic Sheet, Lamination Sheet, Folders, I-cards, and files. The products have a wide application in printing and stationery.
Since its incorporation, the company has developed and launched over 125 products range in File, Folder & Diary under its brands 'Classik', 'LC' and 'Kshitij' in the Indian Market.
The company's Product range can be classified into three broad categories-
1. Stationery through Channel Supply- A B2C model operating under the brand names 'Classik' and 'LC' includes diaries, calendars, files, folders, boxes, tags, etc. It also includes equipment for binding, punching, bar coding, and stitching books.
2. Industrial Supply Laminated Sheets and Wiro- A B2B model operating under the brand name 'Classik', and includes the industrial supply of Laminated sheets, PP sheets, and Wiro. It also includes Binding Combs, Spiral, Calendar Hanger, Slide Binders, OHP Sheets, etc.
3. Exhibitions & Events Supply- Operating under the brand name 'Kshitij', it includes ID Cards, neck len-yards, Printed Files and Folders, and customised industry-specific, card holders, etc. It also includes customized Stationery Products for events, schools, colleges, and Corporates.
Kshitij Polyline has a 36,000 sq ft. manufacturing facility in Silvassa, Dadra & Nagar Haveli with an in-house technical and design team.
The company's product-wise revenue distribution for the year 2018 is-
The sales of the company for 2016, 2017 and 2018 were Rs 1,557.24 lakhs, Rs 1,701.03 lakhs, and Rs 2,743.25 lakhs, respectively.
The EBITDA for 2016, 2017 and 2018 were Rs 242.85 lakhs, Rs 252.20 lakhs, and Rs 378.34 lakhs, respectively.
The PAT for 2016, 2017 and 2018 were Rs 19.94 lakhs, Rs 27.78 lakhs and Rs 105.62 lakhs respectively.
| 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 purchase of Machinery and Equipment to manufacture the Laminated sheet, Wiro andPP Sheet suitable for stationery and office products | 4.28 |
| 2 | Working Capital Requirement | 3.25 |
| 3 | General Corporate Purpose | 0.77 |
The Kshitij Polyline IPO is subscribed 1.45 times on September 27, 2018 6:30:01 PM (Day 5). The public issue subscribed 1.02 times in the retail category, [.] times in the QIB category, and 1.88 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.88 | 11,84,000 | 22,20,000 |
| Retail | 1.02 | 11,84,000 | 12,08,000 |
| Total | 1.45 | 23,68,000 | 34,28,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue management fees including fees and reimbursements of Market Making fees and Underwriting. | 0.30 |
| 2 | Regulatory expenses and payment to other intermediaries, Advertisement & Marketing Expenses and other out of pocket expenses, selling commissions, brokerages. | 0.15 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹35.00 |
| Open | ₹34.50 |
| Low | ₹34.50 |
| High | ₹35.95 |
| Last Trade | ₹35.95 |
Lead Manager Reports
Kshitij Polyline IPO is a SME IPO of 25,00,000 equity shares of the face value of ₹10 aggregating up to ₹9 Crores. The issue is priced at ₹35 per share. The minimum order quantity is 4000.
The IPO opens on Fri, Sep 21, 2018, and closes on Thu, Sep 27, 2018.
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 Kshitij Polyline IPO using UPI as a payment gateway. Zerodha customers can apply in Kshitij Polyline IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Kshitij Polyline IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Kshitij Polyline IPO opens on Fri, Sep 21, 2018 and closes on Thu, Sep 27, 2018.
Kshitij Polyline IPO lot size is 4000, and the minimum amount required for application is ₹1,40,000.
You can apply in Kshitij Polyline 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 Kshitij Polyline IPO will be done on Wednesday, October 3, 2018, and the allotted shares will be credited to your demat account by Fri, Oct 5, 2018. Check the Kshitij Polyline IPO allotment status.
The Kshitij Polyline IPO listing date is on Mon, Oct 8, 2018.
