Fixed Price IPO | ₹6 Cr | Listed at BSE SME | Wed, May 23, 2018 - Tue, May 29, 2018
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 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.
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 Open
Wed, May 23, 2018
IPO Close
Tue, May 29, 2018
Issue Price
₹35 per share
Market Cap (Pre-IPO)
₹23.98 Cr
| IPO Date | 23 to 29 May, 2018 |
| Listed on | Wed, Jun 6, 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 | BSE SME |
| Total Issue Size | 18,52,000 shares (agg. up to ₹6 Cr) |
| Reserved for Market Maker | 1,00,000 shares (agg. up to ₹0.3500 Cr) |
| Fresh Issue (Ex Market Maker) | 17,52,000 shares (agg. up to ₹6 Cr) |
| Net Offered to Public | 17,52,000 shares (agg. up to ₹6 Cr) |
| Share Holding Pre Issue | 50,00,000 shares |
| Share Holding Post Issue | 68,52,000 shares |
| BSE Script Code | 541418 NGIL |
| ISIN | INE236Y01012 |
Nakoda Group of Industries IPO comprises a total issue size of 18,52,000 shares. The net offer to the public is 17,52,000 shares, after excluding 1,00,000 shares allotted on a firm basis. Of the Net offer 8,76,000 (50.00%) allocated to NII 8,76,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 8,76,000 | 50.00% | 47.30% |
| Retail Shares Offered | 8,76,000 | 50.00% | 47.30% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,00,000 | 5.40% | |
| Total Shares Offered | 18,52,000 | 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 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.
| 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 | Working Capital Requirement | 5.48 |
| 2 | General Corporate Purpose | 0.50 |
The Nakoda Group of Industries IPO is subscribed 1.32 times on May 29, 2018 5:00:00 PM (Day 5). The public issue subscribed 0.74 times in the retail category, [.] times in the QIB category, and 1.9 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.9 | 8,76,000 | 16,68,000 |
| Retail | 0.74 | 8,76,000 | 6,52,000 |
| Total | 1.32 | 17,52,000 | 23,20,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including expenses towards printing, advertising, and payment to other intermediaries such as Registrars, Bankers etc. | 0.40 |
| 2 | Regulatory fees | 0.05 |
| 3 | Marketing and Other Expenses | 0.05 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹35.00 |
| Open | ₹35.00 |
| Low | ₹35.30 |
| High | ₹35.35 |
| Last Trade | ₹35.35 |
Lead Manager Reports
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 Crores. The issue is priced at ₹35 per share. The minimum order quantity is 4000.
The IPO opens on Wed, May 23, 2018, and closes on Tue, 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 Wed, May 23, 2018 and closes on Tue, 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 Wed, Jun 6, 2018.
