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Kiri Dyes and Chemicals Limited IPO (kiri dyes IPO) Detail

March 25, 2008 - April 2, 2008

kiri dyes IPO is a book built issue of Rs 56.25 crores.

kiri dyes IPO bidding started from March 25, 2008 and ended on April 2, 2008. The shares got listed on BSE, NSE on April 22, 2008.

kiri dyes IPO price band is set at ₹125 to ₹150 per share. The minimum lot size for an application is 45 Shares. The minimum amount of investment required by retail investors is ₹6,750.

Centrum Capital Limited is the book running lead manager of the kiri dyes IPO, while Cameo Corporate Services Limited is the registrar for the issue.

Refer to kiri dyes IPO RHP for detailed information.

kiri dyes IPO Details

IPO Date March 25, 2008 to April 2, 2008
Listing Date April 22, 2008
Face Value ₹10 per share
Price Band ₹125 to ₹150 per share
Lot Size 45 Shares
Total Issue Size3,750,000 shares
(aggregating up to ₹56.25 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
Share holding pre issue11,250,000
Share holding post issue15,000,000

kiri dyes IPO Lot Size

Investors can bid for a minimum of 45 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 45 ₹6,750
Retail (Max) 29 1305 ₹195,750
Lot Size Calculator

kiri dyes IPO Promoter Holding

Share Holding Pre Issue 88.76%
Share Holding Post Issue 66.57%

About Kiri Dyes and Chemicals Limited

Incorporated in 1998, Kiri Dyes and Chemicals Limited is engaged in the business of manufacturing of reactive dyes which are called synthetic organic dyes used for cotton fabrics like garments, dress materials, bed-sheets, carpets etc. The dyes are of basically colours like black, blue, red, orange, yellow and numerous variants of these basic colours identified by color index number internationally. The product range of company caters to textiles, leather, paint and printing-ink industries with total production capacity of 10800 MTPA.

The Industry produces a wide spectrum of products, which include Pharmaceuticals, Dyes, Man-made Fibers, Plastics, Pesticides, Fertilizers, Cosmetics and Toiletries, Paint, Auxiliary Chemicals and wide range of organic and Inorganic compounds for applications ranging from automobiles, textile industry, engineering industry, construction chemicals and food additives to veterinary and health care products.

The company is engaged in the business of manufacturing and marketing of:

1. Reactive Dyes – Synthetic Organic Dyes (S. O. Dyes)
2. Dyes Intermediate: Vinyl Sulphone
3. Dyes Intermediate: H-Acid

Company Financials

ParticularsFor the year/period ended (Rs. in lacs)
 31-Mar-0731-Mar-0631-Mar-0531-Mar-04
  Total Income14000.839678.807638.217858.59
  Profit After Tax (PAT)863.29448.04311.57230.96

Key Performance Indicator

Objects of the Issue (kiri dyes IPO Objectives)

The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital:
1. To fund the capital expenditure for setting up of a plant to manufacture Sulphuric Acid, Oleum and Chloro Sulphonic Acid with a combined capacity of 500 M.T. per day adjacent to its existing unit at Village Dudhwada, Taluka Padra, District Vadodara;
2. To fund the capital expenditure for Dyes and Intermediates Unit located at GIDC, Vatva, Ahmedabad;
3. To fund the additional working capital margin;
4. To meet Issue expenses;
5. To meet expenses of the Issue in order to achieve the benefits of listing on the Stock Exchanges.


kiri dyes IPO Subscription Status (Bidding Detail)

The kiri dyes IPO is subscribed 1.43 times on April 2, 2008 5:00:00 PM. The public issue subscribed 2.38 times in the retail category, 0.79 times in the QIB category, and 1.36 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
Company name has been changed to 'KIRI INDUSTRIES LIMITED'

kiri dyes IPO Prospectus

kiri dyes IPO Rating

197
2.4
Rating:Rated 2.4 stars
Vote Here ...

kiri dyes IPO Listing Details

Listing Date April 22, 2008
BSE Script Code 532967
NSE Symbol KIRIINDUS
ISIN INE415I01015
Final Issue Price ₹150 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE
₹150.00
₹151.00
₹151.00
₹204.00
₹158.55
NSE
₹150.00
₹184.00
₹156.15
₹228.70
₹158.95

Check IPO Performance…

Kiri Dyes and Chemicals Limited Contact Details

Kiri Dyes and Chemicals Limited
7th Floor, Hasubhai Chambers,
Ellis Bridge,
Ahmedabad – 380006, India.
Phone: + 91-792-6574371
Email: ipo@kiridyes.com
Website: http://www.kiridyes.com

kiri dyes IPO Registrar

Cameo Corporate Services Limited

Phone: +91-44-28460390
Email: cameo@cameoindia.com
Website: https://ipo.cameoindia.com/

kiri dyes IPO - Buy or Not

kiri dyes IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 1 4
Members 0 0 0

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kiri dyes IPO FAQs

kiri dyes IPO is a main-board IPO of 3,750,000 equity shares of the face value of ₹10 aggregating up to ₹56.25 Crores. The issue is priced at ₹125 to ₹150 per share. The minimum order quantity is 45 Shares.

The IPO opens on March 25, 2008, and closes on April 2, 2008.

Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The kiri dyes IPO opens on March 25, 2008 and closes on April 2, 2008.

kiri dyes IPO lot size is 45 Shares, and the minimum amount required is ₹6,750.

You can apply in kiri dyes 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 kiri dyes IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the kiri dyes IPO allotment status.

The kiri dyes IPO listing date is on April 22, 2008.
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kiri dyes IPO Message Board

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64 Comments

64. vishy |   Link |  Bookmark |April 28, 2008 8:35:39 PM
yeah CK

you are right, everyone praise themselves as if they have done something great!! they are not really interested in helping or giving apt mesages but to contradict some other person...
63. CK |   Link |  Bookmark |April 25, 2008 8:14:24 PM
For last some time i experienced that in this forum everyone is doing for themself only. no one is interested helping anyone. Either they are trying to praise themself or fulfill they needs.
62. CK |   Link |  Bookmark |April 22, 2008 6:39:07 PM
Hi friends, congretulations to all who get good returns. but i missed the opportunity to book profit around 200. will someone tell me that is there any chance to get that level again? come on shars and lions. help me.
61. Chintan |   Link |  Bookmark |April 22, 2008 3:08:06 PM
Friends,please keep up the good work and increase the richness of this forum.
B bye
60. Chintan |   Link |  Bookmark |April 22, 2008 3:06:41 PM
Kiri opened at 180 and gradually increased to 204 and stayed at 190+ for quite some time,hope my dear friends enjoyed the listing gains.Thanks friends for the great and authentic comments regarding the the listing.
59. CK |   Link |  Bookmark |April 22, 2008 12:20:26 PM
hi daniel, i also applied from icicidirect. i got refund 3 days before.
58. TANNU |   Link |  Bookmark |April 21, 2008 11:38:27 PM
KIRIDYES OPENS AT 180+++ THEN IT MOVES UPTO 225+++ ON LISTING DAY......... ENJOY BIDDERSSSSSSSSSS
57. daniel |   Link |  Bookmark |April 21, 2008 8:25:04 PM
bhai log sabko refund mil gaya hai kya...mujhe nahi mila ...kissi ke paas koi info. hai toh bata do refund kab milega...plz....
icici direct se apply kiya tha....
56. pankit |   Link |  Bookmark |April 21, 2008 7:16:15 PM
this is a very good co.

i thin this stock open 180.

1 st target is 195 in few days

2 nd target is 225 in a month

i have alloted issue share

i m not sell a any share

i m buy share in issue open day

target is 350 in 6 month

i sell all share in a 6 ya 7 month

ok

i think listing on 22-04-2008 tuesday

all clint shree ganeshay namahh : in kiri dais

ok
byyyyyyyyyyyyyyyyyyyyyyyyy
55. BONNY |   Link |  Bookmark |April 21, 2008 6:12:05 PM
LISTING IS TOMORROW
54. Aditya |   Link |  Bookmark |April 21, 2008 11:44:38 AM
This IPO is not good for the one who are risk averse.

It has small equity and so one can easily acquire it through grey market and can make it run like anything.

There are also vested interests in this IPOs so just hold the IPO for 3 months as it will give return around 50% .....

53. Vnrao |   Link |  Bookmark |April 19, 2008 10:51:45 PM
Hi, Anupam, you will not be allotted any shares because the issue price has been fixed as Rs.150/- i.e. the upper-band and you bid at lower band.
52. ANupam |   Link |  Bookmark |April 19, 2008 6:38:51 PM
I had bid @Rs.125 for 90 shares in RII section.

what are the chances that i am alloted or not.

I am unable to check the status as relinacemoney login is disabled on saturdays.
51. mangesh |   Link |  Bookmark |April 19, 2008 1:27:22 PM
very good co.

buy above 170
1 st target 210 in 7 days
2 nd target 270 in 1 month
buy

buy

buy

ipo investors are recommended 2 not sell this alloted shares

open market investors should buy this stock on listinggggggggg

very fast return in short time

ok
50. SAUMIL |   Link |  Bookmark |April 17, 2008 7:44:12 PM
kiri dyes chem liting date is 22 april tuesday
49. CK |   Link |  Bookmark |April 15, 2008 8:41:36 PM
Allotment is out. i got 106 against application of 180(Rs. 27000).
48. SSPadda |   Link |  Bookmark |April 15, 2008 6:40:28 PM
Allotment is out,i got 106.
47. CK |   Link |  Bookmark |April 15, 2008 1:53:29 PM
Hey guys and gals, what happen to all of you? Why no one posting anything here. don't worry for this ipo. it will give good value for ur money. on listing as well as longer time. so keep :)... and do remember to post ur views here.
46. Nikunj |   Link |  Bookmark |April 9, 2008 8:49:57 PM
Hello,
I just want to share that kiri dyes is going to give good returns on investment so do not sell at the start hold for 1-2 months i had suggested for sita shree also see it is increasing more and more and those who are having sita shree please keep this company for 10 days more otherwise you may cry

thank you
45. prakash |   Link |  Bookmark |April 5, 2008 5:13:31 PM
Hi,

This IPO will give good listing gains. 20 - 25% of listing gain is expected. All leading brokerages expecting 20% gain. And good for Long term too.

All the best