Kaka Industries Limited IPO Detail
Incorporated in 2019, Kaka Industries Limited manufactures polymer-based profiles for application in doors, windows, partitions, false ceilings, wall paneling, kitchen cabinets & other interior and exterior works.
The company's product portfolio has over 1200 SKUs covering PVC Profile, uPVC door & window profile, WPC Profile & sheets in various sizes, specifications, and colors. It is also engaged in the fabrication of factory-made PVC & Solid PVC doors. Except for WPC (Wood-polymer composite) profile and doors, all the products are non-wood based, which substitutes wood products and results in the saving of trees.
Kaka Industries has three manufacturing units in village Zak, Gandhinagar district, Gujarat, which has a combined installed capacity of 15,425 MT for manufacturing PVC profile, 2,995 MT for WPC profile & sheet, 2,022 MT for uPVC door & window profile. It also has a well-equipped laboratory, modern technology, and testing equipment with supporting environment and facilities, to ensure that the products conform with the desired quality.
The company's distribution network comprises 3 depots situated in Gagilapur (Telangana), Dadri (Uttar Pradesh), and Surat (Gujarat).
Company Promoters
Rajesh Dhirubhai Gondaliya, Bhavin Rajeshbhai Gondaliya, and Rajeshkumar Dhirubhai Gondaliya (HUF) are the company promoters.IPO Details
| IPO Opening Date | Jul 10, 2023 |
| IPO Closing Date | Jul 12, 2023 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹55 - 58 per equity share |
| Market Lot | 2000 Shares |
| Min Order Quantity | 2000 Shares |
| Listing At | BSE SME |
| Issue Size | ₹21.23 Cr |
| Fresh Issue | 3,660,000 shares (aggregating up to ₹21.23 Cr) |
| Offer for Sale | - |
| Retail Portion | 33.17% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 72.13x | - | - | 431.85x | 358.88x | 292.66x |
IPO Tentative Timetable
The Kaka Industries Limited IPO open date is Jul 10, 2023, and the close date is Jul 12, 2023. The issue may list on Jul 20, 2023.
| IPO Open Date | Jul 10, 2023 |
| IPO Close Date | Jul 12, 2023 |
| Basis of Allotment Date | Jul 17, 2023 |
| Initiation of Refunds | Jul 18, 2023 |
| Credit of Shares to Demat Account | Jul 19, 2023 |
| IPO Listing Date | Jul 20, 2023 |
IPO Lot Size
The Kaka Industries Limited IPO market lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹116000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 2000 | ₹116000 |
| Maximum | 1 | 2000 | ₹116000 |
IPO Promoter Holding
| Pre Issue Share Holding | 95.32% |
| Post Issue Share Holding | 69.78% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-22 | 4614.76 | 11709.98 | 497.66 |
| 31-Mar-23 | 6767.00 | 15887.70 | 718.50 |
Objects of the Issue:
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- To meet Working Capital requirements,
- Repayment and/or pre-payment, in full or part, of certain borrowings availed by the company,
- General corporate purpose, and
- To meet issue expenses.
Kaka Industries Limited IPO Registrar:
Bigshare Services Pvt Ltd
Kaka Industries Limited IPO Lead Manager(s):
Hem Securities Limited
Company Contact Information:
Kaka Industries Limited
Plot No. 67, Bhagwati Nagar, Opp Nilkanth Arcade, Opp. Kathwada GIDC, Kuha-Kanbha Road
Ahmedabad
Ahmedabad
