Kesar India Limited is engaged in the business of developing and constructing residential and commercial projects, industrial buildings, factory buildings, workshop buildings, etc. All the projects are marketed under the brand name, “Kesar Lands”.
As of December 31, 2021, it has a total land reserve of 123.70 lakh square feet. It has successfully completed many projects such as Kesar Vihar, Kesar Shree, Kesar Garden, and Kesar Signature projects. Kesar Gateway is its ongoing project while Kesar Forest, Kesar Exotica, Kesar Tower, Kesar Hills, and Kesar Imperial are some of the upcoming projects.
Competitive strengths
- Complete project management from land acquisition to conceptualization and marketing.
- Experienced team of managers.
- Stringent quality standards and compliance.
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-19 | 220.31 | 18.54 | 0.73 |
| 31-Mar-20 | 243.2 | 57.7 | 3.73 |
| 31-Mar-21 | 374.72 | 119.71 | 1.19 |
| 31-Dec-21 | 818.31 | 695.5 | 324.49 |
| Amount in ₹ Lakhs |
Objects of the Issue
The company aims to utilize the net proceeds for the following purposes;
- To finance development Expenses of our Projects & upcoming Projects.
- Acquisition of land or land development right; and
- General corporate purposes.
Kesar India IPO Details
| Kesar India IPO Date | Jun 30, 2022 to Jul 4, 2022 |
| Kesar India IPO Face Value | ₹10 per share |
| Kesar India IPO Price | ₹170 per share |
| Kesar India IPO Lot Size | 800 Shares |
| Issue Size | 930,400 shares of ₹10 (aggregating up to ₹15.82 Cr) |
| Fresh Issue | 930,400 shares of ₹10 (aggregating up to ₹15.82 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Retail Shares Offered | 50% of the net offer |
| NII (HNI) Shares Offered | 50% of the net offer |
| Company Promoters | Mr. Gopal Fatehchand Gupta is the company promoter. |
Kesar India IPO Timeline
Kesar India IPO opens on Jun 30, 2022, and closes on Jul 4, 2022. The Kesar India IPO bid date is from Jun 30, 2022 10.00 A.M. to Jul 4, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.
| Event | Date |
|---|---|
| Kesar India IPO Opening Date | Jun 30, 2022 |
| Kesar India IPO Closing Date | Jul 4, 2022 |
| Basis of Allotment | Jul 7, 2022 |
| Initiation of Refunds | Jul 8, 2022 |
| Credit of Shares to Demat | Jul 11, 2022 |
| Kesar India IPO Listing Date | Jul 12, 2022 |
Kesar India IPO Lot Size
The Kesar India IPO lot size is 800 shares. A retail-individual investor can apply for up to 1 lots (800 shares or ₹136,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 800 | ₹136,000 |
| Maximum | 1 | 800 | ₹136,000 |
Kesar India IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73.65% |
Kesar India IPO Review
The company is in a highly competitive and fragmented realty segment. After posting minuscule performance till FY21, it reported bumper results that raise eyebrows. Based on this super performance, the issue is fully priced. Small equity base post IPO indicates longer gestation for migration to the mainboard. Investors may skip this fully priced IPO. Read detail review…
Kesar India IPO Subscription Status (Bidding Detail)
The Kesar India IPO is subscribed 0.91 times on Jul 4, 2022 10:53:00 AM. The public issue subscribed 0.39 times in the retail category, times in the QIB category, and 1.44 times in the NII category. Check Day by Day Subscription Details (Live Status) Reload Subscription
| Category | Subscription (times) |
|---|---|
| NII | 1.44 |
| Retail | 0.39 |
| Total | 0.91 |
Kesar India IPO Prospectus
Company Contact Information
Kesar India Limited
Flat No. F-101 Jagat Plaza Amravati Road,
Nagpur, 440010
Phone: 1800-123-0854
Email: cs@kesarlands.com
Website: https://www.kesarlands.com/
Kesar India IPO Registrar
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: kesarindia.ipo@kfintech.com
Website: https://karisma.kfintech.com/