Kesar India IPO is a fixed price issue of Rs 15.82 crores. The issue is entirely a fresh issue of 9.3 lakh shares.
Kesar India IPO bidding started from June 30, 2022 and ended on July 4, 2022. The allotment for Kesar India IPO was finalized on Thursday, July 7, 2022. The shares got listed on BSE SME on July 12, 2022.
Kesar India IPO price is ₹170 per share. The minimum lot size for an application is 800 Shares. The minimum amount of investment required by retail investors is ₹136,000. The minimum lot size investment for HNI is 2 lots (1,600 shares) amounting to ₹272,000.
Hem Securities Limited and Fedex Securities Pvt Ltd are the book running lead managers of the Kesar India IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to Kesar India IPO RHP for detailed information.
Kesar India IPO Details
| IPO Date | June 30, 2022 to July 4, 2022 |
| Listing Date | July 12, 2022 |
| Face Value | ₹10 per share |
| Price | ₹170 per share |
| Lot Size | 800 Shares |
| Total Issue Size | 930,400 shares (aggregating up to ₹15.82 Cr) |
| Fresh Issue | 930,400 shares (aggregating up to ₹15.82 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Market Maker portion | 47,200 shares |
Kesar India IPO Reservation
Kesar India IPO offers 930,400 shares. 441,600 (47.46%) to NII, 441,600 (47.46%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | – |
| Market Maker Shares Offered | 47,200 (5.07%) |
| Other Shares Offered | 441,600 (47.46%) |
| Retail Shares Offered | 441,600 (47.46%) |
| Total Shares Offered | 930,400 (100%) |
Kesar India IPO Timeline (Tentative Schedule)
Kesar India IPO opens on June 30, 2022, and closes on July 4, 2022.
| IPO Open Date | Thursday, June 30, 2022 |
| IPO Close Date | Monday, July 4, 2022 |
| Basis of Allotment | Thursday, July 7, 2022 |
| Initiation of Refunds | Friday, July 8, 2022 |
| Credit of Shares to Demat | Monday, July 11, 2022 |
| Listing Date | Tuesday, July 12, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 4, 2022 |
Kesar India IPO Lot Size
Investors can bid for a minimum of 800 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 | 800 | ₹136,000 |
| Retail (Max) | 1 | 800 | ₹136,000 |
| HNI (Min) | 2 | 1,600 | ₹272,000 |
| Lot Size Calculator | |||
Kesar India IPO Promoter Holding
Mr. Gopal Fatehchand Gupta is the company promoter.
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 73.65% |
About Kesar India Limited
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 | Net Worth |
|---|---|---|---|---|
| 31-Mar-19 | 220.31 | 18.54 | 0.73 | -85.88 |
| 31-Mar-20 | 243.2 | 57.7 | 3.73 | -82.15 |
| 31-Mar-21 | 374.72 | 119.71 | 1.19 | -80.96 |
| 31-Dec-21 | 818.31 | 695.5 | 324.49 | 243.65 |
| Amount in ₹ Lakhs | ||||
Key Performance Indicator
The market capitalization of Kesar India IPO is Rs 60.02 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 13.87 |
Objects of the Issue (Kesar India IPO Objectives)
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 Review (Avoid)
[Dilip Davda] 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 Listing Details
| Listing Date | July 12, 2022 |
| BSE Script Code | 543542 |
| NSE Symbol | |
| ISIN | INE0L1C01019 |
| Final Issue Price | ₹170 per share |
Listing Day Trading Information
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹170.00 |
| ₹172.50 |
| ₹172.50 |
| ₹175.80 |
| ₹175.50 |
Kesar India Limited Contact Details
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://kosmic.kfintech.com/ipostatus/