Kaka Industries IPO: Polymer based profile manufacturing company Kaka Industries Limited is bringing its IPO. Kaka Industries’ SME IPO will open for subscription from next Monday, July 10. The company has fixed a price band of Rs 55 to Rs 58 for this. After this IPO, the promoter’s stake in the company is likely to come down to 69.78 per cent. Investors can invest in this IPO from July 10 to July 12.
Polymer-based profiles are used to make partitions, false ceilings, wall paneling, kitchen cabinets, doors, windows and other interior items. Kaka Industries plans to raise Rs 21.23 crore from the market through this IPO. It is important for investors to know this much for this public issue.
The IPO of Kaka Industries will be open for subscription from Monday, July 10 to Wednesday, July 12. The company has fixed a price band of Rs 55 to Rs 58 per share for this IPO. Issue Size: There will be 3,660,000 new shares in this SME IPO. 10 will be issued at face value of Rs. Whose total cost will be 21.23 crores. There is no offer for sale in this issue. The lot size for Kaka Industries IPO will be 2000 shares as it is an issue by an SME company. The allotment of shares will be decided on 17th July and the refund will start on 18th July. The demat accounts of the persons to whom shares have been allotted will be credited with the shares on Wednesday, July 19. The shares of Kaka Industries are likely to be listed on BSE SME platform on July 20. BigShare Services is the registrar to the IPO and HAM Securities is the lead manager. After this IPO, the promoter’s stake in Kaka Industries is likely to come down from 95.32 per cent to 69.78 per cent. The promoters of the company are Rajesh Dhirubhai Gondalia, Bhavin Gondalia.
The capital raised by the company through this IPO will be used for general corporate purposes, prepayment or repayment of certain debts and to meet working capital requirements. The company has reserved 44.96 per cent shares for Qualified Institutional Buyers (QIBs) while 13.55 per cent shares for Non-Institutional Investors (NIIs) in this IPO. 31.52 percent shares have been reserved for retail investors. The remaining 4.98 per cent shares are for market makers.
