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Kshitij Polyline IPO is a fixed price issue of Rs 8.75 crores.
Kshitij Polyline IPO bidding started from September 21, 2018 and ended on September 27, 2018. The allotment for Kshitij Polyline IPO was finalized on Wednesday, October 3, 2018. The shares got listed on NSE SME on October 8, 2018.
Kshitij Polyline IPO price is ₹35 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹140,000.
Monarch Networth Capital Ltd is the book running lead manager of the Kshitij Polyline IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to Kshitij Polyline IPO RHP for detailed information.
| IPO Date | September 21, 2018 to September 27, 2018 |
| Listing Date | October 8, 2018 |
| Face Value | ₹10 per share |
| Price | ₹35 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 2,500,000 shares (aggregating up to ₹8.75 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 6,183,336 |
| Share holding post issue | 8,683,336 |
| Market Maker portion | 132,000 shares |
Kshitij Polyline IPO offers 2,500,000 shares. 1,184,000 (47.36%) to NII, 1,184,000 (47.36%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 132,000 (5.28%) |
| Other Shares Offered | 1,184,000 (47.36%) |
| Retail Shares Offered | 1,184,000 (47.36%) |
| Total Shares Offered | 2,500,000 (100%) |
Kshitij Polyline IPO opens on September 21, 2018, and closes on September 27, 2018.
| IPO Open Date | Friday, September 21, 2018 |
| IPO Close Date | Thursday, September 27, 2018 |
| Basis of Allotment | Wednesday, October 3, 2018 |
| Initiation of Refunds | Thursday, October 4, 2018 |
| Credit of Shares to Demat | Friday, October 5, 2018 |
| Listing Date | Monday, October 8, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 27, 2018 |
Investors can bid for a minimum of 4000 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 | 4000 | ₹140,000 |
| Retail (Max) | 1 | 4000 | ₹140,000 |
| Lot Size Calculator | |||
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | ||
| Total Assets | 2,477.39 | 1,719.42 | 1,483.16 | 1,422.31 | 1,309.95 | |
| Total Revenue | 2,743.25 | 1,701.04 | 1,557.20 | 1,239.14 | 1,267.65 | |
| Profit After Tax | 105.62 | 27.78 | 19.94 | 16.27 | 11.45 | |
The objects of the issue are-
1. To purchase of Machinery and Equipment to manufacture the Laminated sheet, Wiro and PP Sheet suitable for stationery and office products;
2. Working Capital Requirement;
3. General Corporate Purpose; and
4. Issue Expenses
[Dilip Davda]
Company’s track record is average. Issue is aggressively priced. It has stiff competition from unorganized sector. Cash surplus risk savvy investors may consider investment at their own risk.
Read detail review...The Kshitij Polyline IPO is subscribed 1.45 times on September 27, 2018 6:30:01 PM. The public issue subscribed 1.02 times in the retail category, times in the QIB category, and 1.88 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 1.88 |
| Retail | 1.02 |
| Total | 1.45 |
| Listing Date | October 8, 2018 |
| BSE Script Code | |
| NSE Symbol | KSHITIJPOL |
| ISIN | INE013801019 |
| Final Issue Price | ₹35 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹35.00 |
| ₹34.50 |
| ₹34.50 |
| ₹35.95 |
| ₹35.95 |
Kshitij Polyline Limited
8, Sona Udyog,
Parsi Panchayat Road, Andheri East
Mumbai - 400069
Phone: 022 - 42234107
Email: kshitij123@hotmail.com
Website: http://kshitijpolyline.co.in/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/
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Kshitij Polyline IPO is a SME IPO of 2,500,000 equity shares of the face value of ₹10 aggregating up to ₹8.75 Crores. The issue is priced at ₹35 per share. The minimum order quantity is 4000 Shares.
The IPO opens on September 21, 2018, and closes on September 27, 2018.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The Kshitij Polyline IPO opens on September 21, 2018 and closes on September 27, 2018.
Kshitij Polyline IPO lot size is 4000 Shares, and the minimum amount required is ₹140,000.
You can apply in Kshitij Polyline 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 Kshitij Polyline IPO will be done on Wednesday, October 3, 2018, and the allotted shares will be credited to your demat account by Friday, October 5, 2018. Check the Kshitij Polyline IPO allotment status.
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