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Kavita Fabrics IPO is a fixed price issue of Rs 5.10 crores.
Kavita Fabrics IPO bidding started from February 20, 2013 and ended on February 22, 2013. The shares got listed on BSE SME on March 12, 2013.
Kavita Fabrics IPO price is ₹40 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹120,000.
Intensive Fiscal Services Private Limited is the book running lead manager of the Kavita Fabrics IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Kavita Fabrics IPO RHP for detailed information.
IPO Date | February 20, 2013 to February 22, 2013 |
Listing Date | March 12, 2013 |
Face Value | ₹10 per share |
Price | ₹40 per share |
Lot Size | 3000 Shares |
Total Issue Size | 1,275,000 shares (aggregating up to ₹5.10 Cr) |
Issue Type | Fixed Price Issue IPO |
Listing At | BSE SME |
Share holding pre issue | 2,197,902 |
Share holding post issue | 3,472,902 |
Market Maker portion | 207,000 shares |
Investors can bid for a minimum of 3000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 3000 | ₹120,000 |
Retail (Max) | 1 | 3000 | ₹120,000 |
Lot Size Calculator |
The following are the Promoters of the Company:
1. Mr. Harish Chandak
2. Mr. Shailesh Chandak
3. Mrs. Sarika Chandak
4. Mrs. Sudha Chandak
Share Holding Pre Issue | 56.78% |
Share Holding Post Issue | 35.93% |
Incorporated in 2005, Kavita Fabrics Ltd is in the business of manufacturing synthetic fabrics from man-made yarns by using weaving technology. Based in Surat (Gujarat), Company manufactures synthetic fabrics in the form of semi-finished sarees and dress materials. They comes in various designs as per customer requirements and further processed by their customers before selling to the end-users.
The main raw material for their product is man-made yarn, which is acquired from several local suppliers. Company owns 36 jacquard power looms to undertake the weaving of the synthetic fabrics from man-made yarns.
KPI | Values |
---|---|
RoNW | 5.92% |
The object of the issue are to:
1. To meet long-term working capital requirement;
2. To meet General Corporate expenses;
3. To meet Public Issue Expenses.
[Dilip Davda]
As for lead manager's track record, it managed 3 IPOs out of which, 1 failed to give listing gains on debut day. However, considering the aggressive pricing of the IPO, better give it a miss.
Read detail review...Listing Date | March 12, 2013 |
BSE Script Code | 535136 |
NSE Symbol | |
ISIN | INE149O01018 |
Final Issue Price | ₹40 per share |
Price Details |
---|
Final Issue Price |
Open |
Low |
High |
Last Trade |
BSE SME |
---|
₹40.00 |
₹40.90 |
₹40.00 |
₹41.00 |
₹41.00 |
Kavita Fabrics Ltd
105, Balaji Industrial Society - 1,
Udhna Magdalla Road,
Surat – 395007, Gujarat, India
Phone: +91–261–3018759
Email: info@kavitafabrics.com
Website: http://www.kavitafabrics.com
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Kavita Fabrics IPO is a SME IPO of 1,275,000 equity shares of the face value of ₹10 aggregating up to ₹5.10 Crores. The issue is priced at ₹40 per share. The minimum order quantity is 3000 Shares.
The IPO opens on February 20, 2013, and closes on February 22, 2013.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Kavita Fabrics IPO opens on February 20, 2013 and closes on February 22, 2013.
Kavita Fabrics IPO lot size is 3000 Shares, and the minimum amount required is ₹120,000.
You can apply in Kavita Fabrics IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Kavita Fabrics IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Kavita Fabrics IPO allotment status.
Dilip Davda
SEBI registered Research Analyst
Mumbai
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