Fixed Price IPO | ₹28 Cr | Listed at BSE SME | Wed, Aug 14, 2013 - Wed, Aug 21, 2013
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 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.
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 Open
Wed, Aug 14, 2013
IPO Close
Wed, Aug 21, 2013
Issue Price
₹35 per share
Market Cap (Pre-IPO)
₹83.04 Cr
| IPO Date | 14 to 21 Aug, 2013 |
| Listed on | Wed, Sep 4, 2013 |
| 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 | BSE SME |
| Total Issue Size | 79,28,000 shares (agg. up to ₹28 Cr) |
| Reserved for Market Maker | 4,08,000 shares Aryaman Capital Markets Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 75,20,000 shares (agg. up to ₹26 Cr) |
| Net Offered to Public | 75,20,000 shares (agg. up to ₹26 Cr) |
| Share Holding Pre Issue | 1,57,98,661 shares |
| Share Holding Post Issue | 2,37,26,661 shares |
| BSE Script Code | 536170 |
| ISIN | INE647N01021 |
Kushal Tradelink IPO comprises a total issue size of 79,28,000 shares. The net offer to the public is 75,20,000 shares, after excluding 4,08,000 shares allotted on a firm basis. Of the Net offer 37,60,000 (50.00%) allocated to NII 37,60,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 37,60,000 | 50.00% | 47.43% |
| Retail Shares Offered | 37,60,000 | 50.00% | 47.43% |
| Firm Reservations | |||
| Market Maker Shares Offered | 4,08,000 | 5.15% | |
| Total Shares Offered | 79,28,000 | 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 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.
| 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 | 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 |
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 | Issue Management fees including fees and reimbursements of Market Making fees, selling commissions, brokerages, and payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses | 0.45 |
| 2 | Printing & Stationery, Distribution, Postage, etc. | 0.10 |
| 3 | Advertisement and Marketing Expenses | 0.30 |
| 4 | Regulatory and other Expenses | 0.05 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹35.00 |
| Open | ₹35.00 |
| Low | ₹35.00 |
| High | ₹36.00 |
| Last Trade | ₹35.80 |
Lead Manager Reports
Kushal Tradelink IPO is a SME IPO of 79,28,000 equity shares of the face value of ₹10 aggregating up to ₹28 Crores. The issue is priced at ₹35 per share. The minimum order quantity is 4000.
The IPO opens on Wed, Aug 14, 2013, and closes on Wed, Aug 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 Wed, Aug 14, 2013 and closes on Wed, Aug 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 Wed, Sep 4, 2013.
