Kaka Industries IPO GMP, Price, Dates & Allotment Details 2023
Introduction
The Kaka Industries IPO opens on July 10 and closes on July 12, 2023. According to the DRHP filed in SEBI, the company plans to issue 36.60 lakhs shares through this public issue.
Kaka Industries Limited (“the Company”)
Incorporated in 2019, Kaka Industries Limited is a PVC profile brand focused primarily on the manufacturing of polymer-based profiles that find application in doors, windows, partitions, false ceilings, wall paneling, kitchen cabinets, and other interior and exterior works.
Its product portfolio has over 1200 SKUs covering PVC Profile, uPVC door and window profile, and WPC Profile and sheet in various sizes, specifications, and colors.
The company is also engaged in the fabrication of factory-made PVC and Solid PVC doors. Except for WPC (Wood-polymer composite) profiles and doors, all its products are non-wood-based, which substitutes wood products and results in the saving of trees.
The company has an extensive network of 300 dealers spread across over 20 States and Union Territories in India. As of the date of this Draft Red Herring Prospectus, the company has three manufacturing units in village Zak, Gandhinagar district, Gujarat, which have a combined installed capacity of 15,425 MT for manufacturing PVC profile, 2,995 MT for WPC profile and sheet, and 2,022 MT for uPVC door and window profile.
Objects of the Issue,
The company proposes utilising the Fresh Issue’s net proceeds towards funding 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 the issue’s expenses.
Financial Highlights (Restated)
| Particulars | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|
| Net Worth | 1,241 | 744 | 142 |
| Total Assets | 4,615 | 3,568 | 2,191 |
| Reserve & Surplus | 991 | 494 | 141 |
| Total Borrowings | 2,736 | 1,999 | 830 |
| Total Revenue | 11,710 | 7,879 | 4,149 |
| Profit After Tax | 498 | 303 | 141 |
IPO details
As per the DRHP filed with SEBI, 36.60 lakh shares will be offered as a fresh issue in the BSE SME segment. The face value of the shares is ₹ 10. The market maker would receive 1.92 lakhs shares of the offering. While Hem Securities Limited will be the lead manager for the IPO, Bigshare Services Pvt Ltd will be the registrar. It will be a book-built issue, so there will be a price band rather than a price point, and the actual issue price will be discovered by building the book.
| Issue Type | Book Built Issue IPO |
| IPO Price | ₹ 55 to ₹ 58 per share |
| Face Value | ₹ 10 per share |
| Market Lot | 2000 Shares |
| Issue Size | 3,660,000 shares (aggregating up to ₹ 21.23 crores) |
| Fresh Issue | 3,660,000 shares (aggregating up to ₹ [.] crores) |
| Listing At | BSE SME |
| Company Promoters | Rajesh Dhirubhai Gondaliya, Bhavin Rajeshbhai Gondaliya and Rajeshkumar Dhirubhai Gondaliya (HUF) |
IPO Reservation
| Categories | No. of shares offered |
|---|---|
| Market maker shares offered | 192,000 (4.98%) |
| QIB shares offered | 1,732,000 (44.96%) |
| NII (HNI) shares offered | 522,000 (13.55%) |
| Retail shares offered | 1,214,000 (31.52%) |
| Total | 3,852,000 (100%) |
GMP: Kaka Industries IPO
GMP, or grey market premium, is available on this page. The IPO GMP is updated on a day-to-day basis during the running period of the IPO, due to which the GMP rates fluctuate and stabilise after some time. GMP rates are not 100% guaranteed. Please click here for GMP details.
Tentative Dates: Kaka Industries IPO
The issue opens for subscription on July 10, 2023, and closes for subscription on July 12, 2023 (both days inclusive). The basis of allotment will be finalised on July 17, 2023, and the refunds will be initiated on July 18, 2023. In addition, the demat credits are expected to happen on July 19, 2023, and the stock will be listed on the BSE SME on July 20, 2023. The UPI mandate confirmation cut-off time is 5:00 PM on the issue closing day.
| Opening Date | July 10, 2023, |
| Closing Date | July 12, 2023 |
| Basis of Allotment | July 17, 2023 |
| Initiation of Refunds | July 18, 2023 |
| A credit of shares to Demat A/c | July 19, 2023 |
| Listing Date | July 20, 2023 |
Lot Size
The lot size of the Kaka Industries IPO is 2,000 shares. A retail-individual investor can apply for up to 1 lot, i.e. 2,000 shares of ₹ 116,000.
| Applications | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 1 | 2,000 | ₹ 116,000 |
| Retail (Maximum) | 1 | 2,000 | ₹ 116,000 |
| HNI (Minimum) | 2 | 4,000 | ₹ 232,000 |
Promoters Holdings
| Pre-issue Shares Holdings | 95.32% |
| Post-issue Shares Holdings | 69.78% |
Miscellaneous Information
| Download Prospectus (PDF) | IPO DRHP |
| Company Contact Information | Kaka Industries Limited Plot No. 67, Bhagwati Nagar, Opp Nilkanth Arcade, Opp. Kathwada GIDC, Kuha-Kanbha Road Ahmedabad -382415 Phone: +91-80004-46524 Email: investors@kakaprofile.com Website: https://kakaprofile.com/ |
| IPO Registrar | Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: https://www.bigshareonline.com/ |
| IPO Lead Manager(s) | Hem Securities Limited |
FAQs
When will the Kaka Industries IPO allotment be available?
The finalisation of the basis of allotment for the Kaka Industries IPO will be done on July 17, 2023, and the allotted shares will be credited to your demat account by July 19, 2023. Check the Kaka Industries IPO allotment status.
When will the Kaka Industries IPO list on exchanges?
The Kaka Industries IPO shares listing date is July 20, 2023.
