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Kushal Tradelink IPO is a fixed price issue of ₹27.75 crores. The issue is entirely a fresh issue of 0.79 crore shares of ₹27.75 crore.
Kushal Tradelink IPO bidding started from Aug 14, 2013 and ended on Aug 21, 2013. The shares got listed on BSE SME on Sep 4, 2013.
Kushal Tradelink IPO price is ₹35.00 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). The minimum lot size investment for HNI is 2 lots (8,000 shares), amounting to ₹2,80,000.
Aryaman Financial Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Aryaman Capital Markets Ltd..
Refer to Kushal Tradelink IPO RHP for detailed Information.
| IPO Date | August 14, 2013 to August 21, 2013 |
| Listing Date | September 4, 2013 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹35 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 79,28,000 shares (aggregating up to ₹27.75 Cr) |
| Reserved for Market Maker | 4,08,000 shares Aryaman Capital Markets Ltd. (aggregating up to ₹1.43 Cr) |
| Net Offered to Public | 75,20,000 shares (aggregating up to ₹26.32 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,57,98,661 shares |
| Share Holding Post Issue | 2,37,26,661 shares |
Kushal Tradelink IPO offers total 79,28,000 shares. Out of which 37,60,000 (47.43%) allocated to NII, 37,60,000 (47.43%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 4,08,000 (5.15%) |
| NII (HNI) Shares Offered | 37,60,000 (47.43%) |
| Retail Shares Offered | 37,60,000 (47.43%) |
| Total Shares Offered | 79,28,000 (100.00%) |
Kushal Tradelink IPO opens on August 14, 2013, and closes on August 21, 2013.
| IPO Open Date | Wed, Aug 14, 2013 |
| IPO Close Date | Wed, Aug 21, 2013 |
| Tentative Listing Date | Wed, Sep 4, 2013 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Aug 21, 2013 |
Investors can bid for a minimum of 4,000 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 | 4,000 | ₹1,40,000 |
| Retail (Max) | 1 | 4,000 | ₹1,40,000 |
| HNI (Min) | 2 | 8,000 | ₹2,80,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2000, Kushal Tradelink Ltd is one of the leading Wholesalers in Ahmedabad, engaged in the business of paper and Paper Products (i.e. Kraft Paper, Duplex Board, Copier Paper, Waste Paper, etc.). Company's core business comprises of Kraft Paper, Waste Paper and Duplex Board. It also deals in news print paper and reel core & copier paper.
Kushal Tradelink's Product Portfolio offers a diversified product range which includes variety of grades, thickness, widths and standards, in Kraft Papers, Duplex Boards, Boards, Coated Paper, News print Papers, Waste Papers, Reel Core, etc. according to customer specifications. Company purchase materials such as Kraft Paper, Duplex Board, etc. from individual paper mills and supply the same to customers in the Packaging Products Business like newspaper agencies, packaging product businesses etc.
The company currently has three stocking facilities located in Ahmedabad, Gujarat, with certain processing facilities like sheet-cutting, rewinding, bailing, reel to sheet making etc. The KTL group consists of Kushal Infrastructure and Ashapura Paper Mills.
The Company Kushal Tradelink 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 | Purchase and set up a Corporate House | 10.01 |
| 2 | Long-term working capital requirement | 15.75 |
| 3 | General Corporate Purposes | 1.09 |
| 4 | Issue related Expenses | 0.90 |
[Dilip Davda] <p><strong style="mso-bidi-font-weight: normal;"><span style="text-decoration: underline;"><span style="font-size: medium;"><span style="font-family: Calibri;">Remark: It is better to “SKIP” this issue.</span></span></span></strong></p> <p> </p> Read detail review...
| Listing Date | September 4, 2013 |
| BSE Script Code | 536170 |
| NSE Symbol | |
| ISIN | INE647N01021 |
| Final Issue Price | ₹35 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹35.00 |
| Open | ₹35.00 |
| Low | ₹35.00 |
| High | ₹36.00 |
| Last Trade | ₹35.80 |
Kushal Tradelink Ltd.
Plot No. 43, B/S Navneet Prakashan Press,
B/H Govt 'G' Colony, Sukhramnagar,
Gomtipur, Ahmedabad – 380023, Gujarat
Ahmedabad, Gujarat
Phone: +91–79–22772991 / 95
Email: khushboo@kushaltradelink.com
Website: http://www.kushaltradelink.com
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Kushal Tradelink IPO is a SME IPO of 79,28,000 equity shares of the face value of ₹10 aggregating up to ₹27.75 Crores. The issue is priced at ₹35 per share. The minimum order quantity is 4000.
The IPO opens on August 14, 2013, and closes on August 21, 2013.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Kushal Tradelink IPO using UPI as a payment gateway. Zerodha customers can apply in Kushal Tradelink IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Kushal Tradelink IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Kushal Tradelink IPO opens on August 14, 2013 and closes on August 21, 2013.
Kushal Tradelink IPO lot size is 4000, and the minimum amount required for application is ₹1,40,000.
You can apply in Kushal Tradelink 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 Kushal Tradelink IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Kushal Tradelink IPO allotment status.
The Kushal Tradelink IPO listing date is on Wednesday, September 4, 2013.
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