BackKaka Industries IPO: Check key dates, price band, among 10 things to know
SME IPO of Kaka Industries Ltd to open on July 10, with a price range of ₹55 to ₹58 per equity share. Promoter stake expected to come down to 69.78% after IPO.
PremiumThe SME initial public offering (IPO) of Kaka Industries Ltd will open for subscription on Monday, July 10.
Kaka Industries Limited produces polymer-based profiles for use in partitions, false ceilings, wall panelling, kitchen cabinets, doors, windows, and other interior and exterior works.
The company's product line includes more than 1200 SKUs for PVC Profile, uPVC door and window profile, WPC Profile, and sheets in a range of dimensions, features, and hues. Additionally, it manufactures solid and PVC doors that are created in factories. With the exception of WPC (Wood-polymer composite) profiles and doors, all of the goods are not made from wood, which eliminates the need for wood products and helps save trees.
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The ₹21.23-crore worth Kaka Industries IPO will remain open till Wednesday, 12 July and the company has already announced its price band. Here are the 10 key things to know about Kaka Industries IPO.
Kaka Industries IPO Dates: The IPO opens on Monday, July 10, and closes on Wednesday, July 12.
Price Band: The price range for the proposed initial public offering has been set by the company at ₹55 to ₹58 per equity share.
Issue Details and Size: Its an SME IPO of consisting of fresh issue of 3,660,000 equity shares of the face value of ₹10 aggregating up to ₹21.23 crores. There is no Offer for Sale (OFS) component.
Lot Size: 2,000 shares make up the Kaka Industries IPO lot size.
Allotment and Listing: The basis of allotment of shares will be finalised on Monday, July 17 and the company will initiate refunds on Tuesday, July 18, while the shares will be credited to the demat account of allottees on Wednesday, July 19. Kaka Industries shares are likely to be listed on BSE SME on Thursday, July 20.
Lead Manager and Registrar: Bigshare Services Pvt Ltd is the registrar for the IPO, and lead manager is Hem Securities Ltd.
Promoter Shareholding: After the IPO, the promoter stake in Kaka Industries is expected to come down to 69.78% from 95.32% at present. The promoters of the company are Rajesh Dhirubhai Gondaliya, Bhavin Rajeshbhai Gondaliya, and Rajeshkumar Dhirubhai Gondaliya (HUF).
IPO Objective: The company plans to use the net proceeds from the offering to achieve the following goals: general corporate purposes, prepayment and/or repayment of certain borrowings taken out by the company, repayment and/or prepayment of working capital requirements.
IPO Reservation: The company has reserved 44.96% of the shares in the public issue for Qualified Institutional Buyers (QIB), 13.55% for Non Institutional Investors (NII), 31.52% of the offer is reserved for Retail Investors, and remaining 4.98% for market maker.
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