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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 ₹180.00 per share . The lot size for an application is 80. The minimum amount of investment required by an retail is ₹13,840 (80 shares). 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 Date | October 28, 2015 to October 30, 2015 |
| Listing Date | November 16, 2015 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹173 to ₹180 per share |
| Issue Price Final | ₹180 per share |
| Lot Size | 80 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 2,82,31,827 shares (aggregating up to ₹508.17 Cr) |
| Fresh Issue | 1,16,66,666 shares (aggregating up to ₹210.00 Cr) |
| Offer for Sale | 1,65,65,161 shares of ₹10 (aggregating up to ₹298.17 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 13,29,54,135 shares |
| Share Holding Post Issue | 14,46,20,801 shares |
S H Kelkar IPO offers total 2,82,31,827 shares. Out of which 1,41,15,913 (50.00%) allocated to QIB, 56,46,366 (20.00%) allocated to QIB, 42,34,774 (15.00%) allocated to NII, 98,81,140 (35.00%) allocated to RII and 84,69,547 (30.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum 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%) |
S H Kelkar IPO opens on October 28, 2015, and closes on October 30, 2015.
| IPO Open Date | Wed, Oct 28, 2015 |
| IPO Close Date | Fri, Oct 30, 2015 |
| Tentative Listing Date | Mon, Nov 16, 2015 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Oct 30, 2015 |
Investors can bid for a minimum of 80 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 | 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
| KPI | Values |
|---|---|
| RoNW | 17.7% |
The Company S H Kelkar 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 | Repayment/pre-payment in full or in part of certain loans availed by the Compan | 126.00 |
| 2 | Investment in K.V. Arochem Private Limited, our wholly owned subsidiary (“KVA”) for repayment/pre-payment in full or in part of certain loans availed by KVA | 32.00 |
| 3 | General corporate purposes | 33.25 |
[Dilip Davda] <p><strong>As this is the first company under Fragrance and Flavour sector having most of the Indian and MNC FMCG as its loyal customer and has no listed peers to compare with, it will enjoy the benefit of first mover of the sector and will attract fancy of investors. Long term investment may be considered.</strong></p> Read detail review...
The public Issue of S H Kelkar & Company Ltd includes:
| Listing Date | November 16, 2015 |
| BSE Script Code | 539450 |
| NSE Symbol | SHK |
| ISIN | INE500L01026 |
| Final Issue Price | ₹180 per share |
| BSE Listing Group | B |
S H Kelkar & Co.Ltd.
Devkaran Mansion, 36,
Mangaldas Road,
Mumbai - 400 002, India
Mumbai, Maharashtra
Phone: +91 22 2206 9609
Email: investors@shkelkar.com
Website: https://www.keva.co.in/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: shkl.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
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 ₹508.17 Crores. The issue is priced at ₹180 per share. The minimum order quantity is 80.
The IPO opens on October 28, 2015, and closes on October 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 October 28, 2015 and closes on October 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 Monday, November 16, 2015.
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