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Nakoda Group of Industries IPO is a fixed price issue of ₹6.48 crores. The issue is entirely a fresh issue of 0.19 crore shares of ₹6.48 crore.
Nakoda Group of Industries IPO bidding started from May 23, 2018 and ended on May 29, 2018. The shares got listed on BSE SME on Jun 6, 2018.
Nakoda Group of Industries 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.
Pantomath Capital Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue.
Refer to Nakoda Group of Industries IPO RHP for detailed Information.
| IPO Date | May 23, 2018 to May 29, 2018 |
| Listing Date | June 6, 2018 |
| 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 | 18,52,000 shares (aggregating up to ₹6.48 Cr) |
| Reserved for Market Maker | 1,00,000 shares (aggregating up to ₹0.3500 Cr) |
| Net Offered to Public | 17,52,000 shares (aggregating up to ₹6.13 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 50,00,000 shares |
| Share Holding Post Issue | 68,52,000 shares |
Nakoda Group of Industries IPO offers total 18,52,000 shares. Out of which 8,76,000 (47.30%) allocated to NII, 8,76,000 (47.30%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,00,000 (5.40%) |
| NII (HNI) Shares Offered | 8,76,000 (47.30%) |
| Retail Shares Offered | 8,76,000 (47.30%) |
| Total Shares Offered | 18,52,000 (100.00%) |
Nakoda Group of Industries IPO opens on May 23, 2018, and closes on May 29, 2018.
| IPO Open Date | Wed, May 23, 2018 |
| IPO Close Date | Tue, May 29, 2018 |
| Tentative Listing Date | Wed, Jun 6, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, May 29, 2018 |
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 |
Incorporated in the year 2013, Nagpur, Maharastra based Nakoda Group of Industries Limited is engaged in manufacturing of tutti fruity (Diced Chelory) also called as ?Papaya Preserve and canned fruit cubes which comes under the category of bakery products. The company is also engaged in the processing of almonds and trading of sesame seeds, clove, cut peel murabba, karonda, daalchini and toor daal.
As on March 2017, the company's revenue from almond processing consists of 45.93%, manufacturing of tutti fruity consists of 23.92% and from trading consist of 30.14%. Out of the total revenue generated from manufacturing of Tutti Fruity i.e. 553.58 lakhs, 61.36% is generated from Exporting to London, Malaysia, Dubai, Saudi Arab and 38.64% is from the domestic sale.
On 18 July 2016, Nakoda Group of Industries Limited took over the running business of M/s. Navkar Processors the sole proprietorship concern of the promoter Pravin Choudhary and subsequently
the business of this proprietorship concern was merged into the Company. The manufacturing units of the company is located in Nagpur.
The company has 16 employees at the Registered Office and Manufacturing Unit.
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Dec-17 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | ||
| Total Assets | 3,415.44 | 2,784.96 | 57.95 | 1.60 | 1.70 | |
| Total Revenue | 4,394.75 | 2,378.62 | -- | -- | -- | |
| Profit After Tax | 99.48 | 48.24 | -- | (0.12) | -- | |
The Company Nakoda Group of Industries 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 | Working Capital Requirement | 5.48 |
| 2 | General Corporate Purpose | 0.50 |
[Dilip Davda] <p>Although company’s performance data is for just around two fiscals, considering its business in FMCG sector, investors may consider investment for long term.</p> Read detail review...
| Listing Date | June 6, 2018 |
| BSE Script Code | 541418 |
| NSE Symbol | NGIL |
| ISIN | INE236Y01012 |
| Final Issue Price | ₹35 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹35.00 |
| Open | ₹35.00 |
| Low | ₹35.30 |
| High | ₹35.35 |
| Last Trade | ₹35.35 |
Nakoda Group of Industries Ltd.
239,
Bagad Ganj,
Nagpur 440008
Nagpur, Maharashtra
Phone: +91 0712 2778824
Email: info@nakodas.com
Website: http://www.nakodas.com
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Nakoda Group of Industries IPO is a SME IPO of 18,52,000 equity shares of the face value of ₹10 aggregating up to ₹6.48 Crores. The issue is priced at ₹35 per share. The minimum order quantity is 4000.
The IPO opens on May 23, 2018, and closes on May 29, 2018.
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 Nakoda Group of Industries IPO using UPI as a payment gateway. Zerodha customers can apply in Nakoda Group of Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Nakoda Group of Industries IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Nakoda Group of Industries IPO opens on May 23, 2018 and closes on May 29, 2018.
Nakoda Group of Industries IPO lot size is 4000, and the minimum amount required for application is ₹1,40,000.
You can apply in Nakoda Group of 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 Nakoda Group of Industries IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Nakoda Group of Industries IPO allotment status.
The Nakoda Group of Industries IPO listing date is on Wednesday, June 6, 2018.
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