Kesar India Limited IPO Detail
Kesar India Limited is engaged in the business of developing and constructing residential and commercial projects, industrial buildings, factory buildings, workshop buildings, etc. All the projects are marketed under the brand name, "Kesar Lands".
As of December 31, 2021, it has a total land reserve of 123.70 lakh square feet. It has successfully completed many projects such as Kesar Vihar, Kesar Shree, Kesar Garden, and Kesar Signature projects. Kesar Gateway is its ongoing project while Kesar Forest, Kesar Exotica, Kesar Tower, Kesar Hills, and Kesar Imperial are some of the upcoming projects.
Competitive strengths
- Complete project management from land acquisition to conceptualization and marketing.
- Experienced team of managers.
- Stringent quality standards and compliance.
Company Promoters
Mr. Gopal Fatehchand Gupta is the company promoter.IPO Details
| IPO Opening Date | Jun 30, 2022 |
| IPO Closing Date | Jul 04, 2022 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹170 per equity share |
| Market Lot | 800 Shares |
| Min Order Quantity | 800 Shares |
| Listing At | BSE SME |
| Issue Size | ₹15.82 Cr |
| Fresh Issue | 930,400 shares of ₹10 (aggregating up to ₹15.82 Cr) |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 1.22x | 0.13x | 0.67x | |
| Day 2 | - | - | 1.23x | 0.30x | 0.77x | |
| Day 3 | - | - | 2.62x | 0.91x | 1.77x |
IPO Tentative Timetable
The Kesar India Limited IPO open date is Jun 30, 2022, and the close date is Jul 04, 2022. The issue may list on Jul 12, 2022.
| IPO Open Date | Jun 30, 2022 |
| IPO Close Date | Jul 04, 2022 |
| Basis of Allotment Date | Jul 07, 2022 |
| Initiation of Refunds | Jul 08, 2022 |
| Credit of Shares to Demat Account | Jul 11, 2022 |
| IPO Listing Date | Jul 12, 2022 |
IPO Lot Size
The Kesar India Limited IPO market lot size is 800 shares. A retail-individual investor can apply for up to 1 lots (800 shares or ₹136000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 800 | ₹136000 |
| Maximum | 1 | 800 | ₹136000 |
IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73.65% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-20 | 243.2 | 57.7 | 3.73 |
| 31-Mar-21 | 374.72 | 119.71 | 1.19 |
| 31-Dec-21 | 818.31 | 695.5 | 324.49 |
Objects of the Issue:
The company aims to utilize the net proceeds for the following purposes;
- To finance development Expenses of our Projects & upcoming Projects.
- Acquisition of land or land development right; and
- General corporate purposes.
Kesar India Limited IPO Registrar:
KFin Technologies Limited
Kesar India Limited IPO Lead Manager(s):
Hem Securities Limited (Past IPO Performance) Fedex Securities Limited (Past IPO Performance)
Company Contact Information:
Kesar India Limited
Flat No. F-101 Jagat Plaza Amravati Road
Nagpur, 440010
Rajasthan
