Bookbuilding IPO | ₹508 Cr | Listed at BSE, NSE | Wed, Oct 28, 2015 - Fri, Oct 30, 2015
S H Kelkar IPO is a book build issue of ₹508.17 crores. The issue is a combination of fresh issue of 1.17 crore shares aggregating to ₹210.00 crores and offer for sale of 1.66 crore shares aggregating to ₹298.17 crores.
S H Kelkar IPO bidding started from Oct 28, 2015 and ended on Oct 30, 2015. The shares got listed on BSE, NSE on Nov 16, 2015.
S H Kelkar IPO price band is set at ₹180 per share. The lot size for an application is 80. The minimum amount of investment required by an retail is ₹14,400 (80 shares) (based on upper price). The lot size investment for sNII is 14 lots (1,120 shares), amounting to ₹2,01,600, and for bNII, it is 70 lots (5,600 shares), amounting to ₹10,08,000.
JM Financial Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to S H Kelkar IPO RHP for detailed Information.
IPO Open
Wed, Oct 28, 2015
IPO Close
Fri, Oct 30, 2015
Issue Price
₹180 per share
Market Cap (Pre-IPO)
₹2,603.17 Cr
| IPO Date | 28 to 30 Oct, 2015 |
| Listed on | Mon, Nov 16, 2015 |
| Face Value | ₹10 per share |
| Price Band | ₹173 to ₹180 |
| Issue Price | ₹180 per share |
| Lot Size | 80 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 2,82,31,827 shares (agg. up to ₹508 Cr) |
| Fresh Issue | 1,16,66,666 shares (agg. up to ₹210 Cr) |
| Offer for Sale | 1,65,65,161 shares of ₹10 (agg. up to ₹298 Cr) |
| Share Holding Pre Issue | 13,29,54,135 shares |
| Share Holding Post Issue | 14,46,20,801 shares |
| BSE Script Code / NSE Symbol | 539450 / SHK |
| ISIN | INE500L01026 |
S H Kelkar IPO comprises a total issue size of 2,82,31,827 shares. Out of which, 1,41,15,913 (50.00%) are allocated to QIB, 42,34,774 (15.00%) allocated to NII 98,81,140 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 1,41,15,913 | 50.00% | NA |
| − Anchor Investor Shares Offered | 84,69,547 | 30.00% | NA |
| − QIB (Ex. Anchor) Shares Offered | 56,46,366 | 20.00% | NA |
| NII (HNI) Shares Offered | 42,34,774 | 15.00% | NA |
| Retail Shares Offered | 98,81,140 | 35.00% | 1,23,514 |
| Total Shares Offered | 2,82,31,827 | 100.00% |
Investors can bid for a minimum of 80 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 80 | ₹14,400 |
| Retail (Max) | 13 | 1,040 | ₹1,87,200 |
| S-HNI (Min) | 14 | 1,120 | ₹2,01,600 |
| S-HNI (Max) | 69 | 5,520 | ₹9,93,600 |
| B-HNI (Min) | 70 | 5,600 | ₹10,08,000 |
S H Kelkar & Company Ltd (Keva) is the largest fragrance and flavour companies in India by revenue, with a market share of approximately 12.0%. The journey of the company begin in 1922 as a manufacturer of industrial perfumes in British India.
Company has four manufacturing facilities, three of which are located in India and one in The Netherlands, with a total installed manufacturing capacity of over 19,819 tons annually.
Last year company manufactured and supplied over 6,300 fragrances, including fragrance ingredients and flavours for the personal and home care products, food and beverage industries, either in the form of compounds or individual ingredients. Company has a large and diverse mix of over 3,500 customers, including leading national and multi-national FMCG companies, blenders of fragrances and flavours and fragrance and flavour producers.
The flavour products produced by the company are used as a raw material by producers of baked goods, dairy products, beverages and pharmaceutical products. Company has over 300 customers for its flavour products.
S H Kelkar dedicated research team of 21 scientists. Company's research team has developed 12 molecules over the last three years of which company has filed patent applications for three.
| 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 | 67.50 |
| 2 | General Corporate Purposes | 22.05 |
| Total | 89.55 |
| KPI | |
|---|---|
| RoNW | 17.7% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 64.2% | 56.71% |
| Market Cap | ₹2,603.17 Cr. |
The S H Kelkar IPO is subscribed 27 times on October 30, 2015 5:30:00 PM (Day 3). The public issue subscribed 1.98 times in the retail category, 25.55 times in the QIB category, and 87.38 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 25.55 | 58,82,397 | |
| NII | 87.38 | 43,05,583 | |
| Retail | 1.98 | 1,00,46,362 | |
| Total | 27 | 2,02,34,342 |
The public Issue of S H Kelkar & Company Ltd includes:
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | BRLMs fees and commissions (including underwriting commission, brokerage and selling commission for Registered Brokers) | 10.50 |
| 2 | Commission/processing fee for SCSBs and Bankers to the Issue | 0.29 |
| 3 | Registrar to the Issue | 0.40 |
| 4 | Other advisors to the Issue | 9.25 |
| 5 | Others | 15.41 |
| 6 | Listing fees, SEBI filing fees, book-building software fees | 1.37 |
| 7 | Printing and stationery | 4.00 |
| 8 | Statutory advertising and marketing expenses | 5.77 |
| 9 | Miscellaneous | 4.27 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹180.00 | ₹180.00 |
| Open | ₹222.00 | ₹223.70 |
| Low | ₹199.60 | ₹200.00 |
| High | ₹222.70 | ₹225.05 |
| Last Trade | ₹207.30 | ₹209.85 |
Lead Manager Reports
S H Kelkar IPO is a main-board IPO of 2,82,31,827 equity shares of the face value of ₹10 aggregating up to ₹508 Crores. The issue is priced at ₹180 per share. The minimum order quantity is 80.
The IPO opens on Wed, Oct 28, 2015, and closes on Fri, Oct 30, 2015.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in S H Kelkar IPO using UPI as a payment gateway. Zerodha customers can apply in S H Kelkar IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in S H Kelkar IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The S H Kelkar IPO opens on Wed, Oct 28, 2015 and closes on Fri, Oct 30, 2015.
S H Kelkar IPO lot size is 80, and the minimum amount required for application is ₹14,400.
You can apply in S H Kelkar 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 S H Kelkar IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the S H Kelkar IPO allotment status.
The S H Kelkar IPO listing date is on Mon, Nov 16, 2015.
