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S H Kelkar IPO is a book built issue of Rs 508.17 crores. The issue comprises of fresh issue of Rs 210.00 crore and offer for sale of 1.66 crore shares.
S H Kelkar IPO bidding started from October 28, 2015 and ended on October 30, 2015. The shares got listed on BSE, NSE on November 16, 2015.
S H Kelkar IPO price band is set at ₹173 to ₹180 per share. The minimum lot size for an application is 80 Shares. The minimum amount of investment required by retail investors is ₹14,400.
Jm Financial Limited and Kotak Mahindra Capital Company Limited are the book running lead managers of the S H Kelkar IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to S H Kelkar IPO RHP for detailed information.
| IPO Date | October 28, 2015 to October 30, 2015 |
| Listing Date | November 16, 2015 |
| Face Value | ₹10 per share |
| Price Band | ₹173 to ₹180 per share |
| Lot Size | 80 Shares |
| Total Issue Size | [.] shares (aggregating up to ₹508.17 Cr) |
| Fresh Issue | [.] shares (aggregating up to ₹210.00 Cr) |
| Offer for Sale | 16,565,161 shares of ₹10 (aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 132,954,135 |
| Share holding post issue | 144,620,801 |
S H Kelkar IPO offers 20,234,342 shares. 5,882,397 (29.07%) to QIB, 4,305,583 (21.28%) to NII, 10,046,362 (49.65%) to RII. 125,579 RIIs will receive minimum 80 shares and (sNII) and (bNII) will receive minimum 1,120 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 5,882,397 (29.07%) | NA |
| NII (HNI) Shares Offered | 4,305,583 (21.28%) | |
| Retail Shares Offered | 10,046,362 (49.65%) | 125,579 |
| Total Shares Offered | 20,234,342 (100%) |
Investors can bid for a minimum of 80 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 | 80 | ₹14,400 |
| Retail (Max) | 13 | 1040 | ₹187,200 |
| Lot Size Calculator | |||
Promoters of the company are Mr Ramesh Vinayak Vaze, Ms Prabha Ramesh Vaze and Mr Kedar Ramesh Vaze who together hold 64.53% of present fully paid up equity capital of the company.
| Share Holding Pre Issue | 64.2% |
| Share Holding Post Issue | 56.71% |
S H Kelkar & Company Ltd (Keva) is the largest fragrance and flavour companies in India by revenue, with a market share of approximately 12.0%. The journey of the company begin in 1922 as a manufacturer of industrial perfumes in British India.
Company has four manufacturing facilities, three of which are located in India and one in The Netherlands, with a total installed manufacturing capacity of over 19,819 tons annually.
Last year company manufactured and supplied over 6,300 fragrances, including fragrance ingredients and flavours for the personal and home care products, food and beverage industries, either in the form of compounds or individual ingredients. Company has a large and diverse mix of over 3,500 customers, including leading national and multi-national FMCG companies, blenders of fragrances and flavours and fragrance and flavour producers.
The flavour products produced by the company are used as a raw material by producers of baked goods, dairy products, beverages and pharmaceutical products. Company has over 300 customers for its flavour products.
S H Kelkar dedicated research team of 21 scientists. Company's research team has developed 12 molecules over the last three years of which company has filed patent applications for three.
| KPI | Values |
|---|---|
| RoNW | 17.7% |
The Issue comprises of a Fresh Issue and an Offer for Sale by the Selling Shareholders.
Objects of the Fresh Issue are as below:
1. Repayment/pre-payment in full or in part of certain loans availed by the company;
2. Investment in its subsidiary K.V. Arochem Private Limited ('KVA') and for repayment/prepayment in full or in part of certain loans availed by KVA; and
3. General corporate purposes; and
4. To achieve the benefits of listing of Equity Shares on the Stock Exchanges
[Dilip Davda]
As this is the first company under Fragrance and Flavour sector having most of the Indian and MNC FMCG as its loyal customer and has no listed peers to compare with, it will enjoy the benefit of first mover of the sector and will attract fancy of investors. Long term investment may be considered.
Read detail review...The S H Kelkar IPO is subscribed 27.00 times on October 30, 2015 5:30:00 PM. The public issue subscribed 1.98 times in the retail category, 25.55 times in the QIB category, and 87.38 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 25.55 |
| NII | 87.38 |
| Retail | 1.98 |
| Total | 27.00 |
The public Issue of S H Kelkar & Company Ltd includes:
| Listing Date | November 16, 2015 |
| BSE Script Code | 539450 |
| NSE Symbol | SHK |
| ISIN | INE500L01026 |
| Final Issue Price | ₹180 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹180.00 |
| ₹222.00 |
| ₹199.60 |
| ₹222.70 |
| ₹207.30 |
| NSE |
|---|
| ₹180.00 |
| ₹223.70 |
| ₹200.00 |
| ₹225.05 |
| ₹209.85 |
S H Kelkar & Company Ltd
Devkaran Mansion, 36,
Mangaldas Road,
Mumbai - 400 002, India
Phone: +91 22 2206 9609
Email: investors@shkelkar.com
Website: https://www.keva.co.in/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: shkl.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
S H Kelkar IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹508.17 Crores. The issue is priced at ₹173 to ₹180 per share. The minimum order quantity is 80 Shares.
The IPO opens on October 28, 2015, and closes on October 30, 2015.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The S H Kelkar IPO opens on October 28, 2015 and closes on October 30, 2015.
S H Kelkar IPO lot size is 80 Shares, and the minimum amount required is ₹14,400.
You can apply in S H Kelkar 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 S H Kelkar IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the S H Kelkar IPO allotment status.
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