Kesar India IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 17, 2022Let’s have a detailed review of the company and analytics of the Kesar India IPO release date, IPO offer price, subscription, Kesar India Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 170 |
| Listing At | BSE, SME |
| Min. Order Quantity | 800 Shares |
| Listing Date | Jul 12, 2022 |
| Offer for Sale | Rs Lakhs |
| Fresh Issue | Rs 1582 Lakhs |
| IPO Size | Rs 1582 Lakhs |
| Tick Size | 1 |
Kesar India IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
Kesar India IPO – Summary
Their Company was originally incorporated as a Private Company in name and style of Kesar Impex (India) Private Limited under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated November 05, 2003 bearing Registration Number U51220MH2003PTC142989 issued by Assistant Registrar of Companies, Maharashtra, Mumbai.
Further, the name of their Company was changed to “Kesar India Private Limited” vide Certificate of Incorporation pursuant to change of name dated November 10, 2021 issued by Registrar of Companies, Maharashtra, Mumbai.
Subsequently, their Company was converted into a Public Limited Company pursuant to Special Resolution passed by the shareholders at the Extraordinary General Meeting dated November 19, 2021 and the name of their Company was changed to “Kesar India Limited” to reflect the legal status of their Company pursuant to conversion, a fresh certificate of incorporation was granted by the Registrar of Companies, Mumbai, Maharashtra dated December 15, 2021 bearing Corporate Identification Number U51220MH2003PLC142989
Kesar India IPO Date
The opening and the closing date of Kesar India IPO are Jun 30, 2022 and Jul 4, 2022 Respectively.
Kesar India IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 30th Jun | 1.22x | 0.13x | 0.67x |
| 2nd Day – 1st Jul | 1.23x | 0.30x | 0.77x |
| 3rd Day – 4th Jul | 2.62x | 0.91x | 1.77x |
| Shares Offered or Net Issue | 441,600 | 441,600 | 883,200 |
The shares subscribed by the public will be updated here.
Kesar India IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Kesar India Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Jul 7, 2022 |
| Refunds Initiation | Jul 8, 2022 |
| Credit of Shares to Demat Account | Jul 11, 2022 |
| Share Listing Date | Jul 12, 2022 |
Kesar India IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.170
Kesar India IPO Equity Size
This Initial Public Issue of 930,400 Equity Shares of Rs.10 each for cash at a price of Rs.170 per equity share aggregating to Rs.1582 Lakhs.
Kesar India IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 930,400 Equity Shares of Rs.10/ each.
Issue Size: 930,400 Equity Shares of Rs.10 each, aggregating to Rs.1582 Lakhs
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Kesar India IPO – Live Performance
The listing date of this IPO is Jul 22, 2022. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Kesar India Share Price |
Kesar India IPO Grey Market Premium
The Kesar India Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
Kesar India IPO – Company Overview
They are a flagship Company of Kesar Group, which markets its projects under the brand name of “Kesar Lands” or carries a prefix “Kesar”. They are primarily operating in Nagpur focused on development of Plot, Residential & Commercial Projects. Further their Company is currently focusing on opportunities to build a brand in real estate sector.
Their Company intends to take advantage of the opportunities that are available in the Real Estate Sector and upcoming projects would include plotted developments, houses and apartments of varying sizes, development and sale of certain commercial properties including those that are integral to the residential developments they are attached to.
Also, their operations will cover all aspects of real estate development, from the identification and acquisition of land, the planning, execution and marketing of their projects, maintenance and management of their completed developments etc.
Their Company may also enter into project specific joint ventures or partnerships with other companies to grow it business
Kesar India IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakhs) | ||||
| 31-Dec-21 | 31-Mar-21 | Mar-20 | 31-Mar-19 | |
| Total Assets | 818.31 | 374.72 | 243.2 | 220.31 |
| Total Revenue | 695.5 | 119.71 | 57.7 | 18.54 |
| Total Expense | 252.79 | 117.71 | 53.24 | 16.73 |
| Profit After Tax | 324.49 | 1.19 | 3.73 | 0.73 |
Earnings per Equity Share (in Lakhs)
| 31-Dec-21 | 31-Mar-21 | Mar-20 | 31-Mar-19 | |
| Basic & Diluted | 1248.04 | 4.58 | 14.33 | 2.80 |
Further, their PAT for the period ended on Dec 31, 2021, March 31, 2021, March 31, 2020, and March 31, 2019, were Rs. 324.49 Lakhs, Rs. 1.19 Lakhs, Rs. 3.73 Lakhs and Rs. 0.73 Lakhs respectively.
Kesar India IPO – Promoters
The Promoter of this company is:
- GOPAL FATEHCHAND GUPTA
List of Related Parties (Key Managerial Personnel)
- YASH GOPAL GUPTA, Chairman & Whole-time-Director
- SACHIN GOPAL GUPTA, Managing Director
- SANGEETA GOPAL GUPTA, Non-Executive Director
- RAJESH CHAWARE, Independent Non-executive Director
- Ajay Pandey, Independent Non-Executive Director
Kesar India IPO – Promoters Holding
- Pre Issue Share Holding – 100%
- Pos Issue Share Holding – 73.65%
Kesar India IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 930,400 Equity Shares aggregating up to Rs.1581.68 Lakhs. |
| of which: | |
| Issue Reserved for the Market Makers | Up to 47,200 Equity Shares aggregating up to Rs.80.24 Lakhs. |
| Net Issue to the Public | Up to 883,200 Equity Shares aggregating up to Rs. 1501.44 Lakhs |
| Of which: | |
| Retail Investors Portion | Not less than 4,41,600 Equity Shares |
| Other than Retail Individual Investors | Not more than 4,41,600 Equity Shares |
| Equity Shares outstanding prior to the Issue | 26,00,000 Equity Shares |
| Equity Shares outstanding after the Issue | 35,30,400 Equity Shares |
Kesar India IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. To finance development Expenses of their Projects & upcoming Projects.
2. Acquisition of land or land development right; and
3. General corporate purposes
Kesar India IPO – Business Strategy
- Increase geographical presence
- Strengthen Presence in the Land Development Category
- Attracting and retaining the highest quality professionals.
- Focus on Defined Target Segments
- Enhance their project execution capabilities
- Continue to strengthen relationships with key service providers
- Enter the residential project market and opportunistically build their position in these sub markets pan India.
Kesar India IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Established brand name in Nagpur Division
- Proven experience in plotting of land
- Healthy financial
- Ability to identify and acquire suitable land parcels
- Scalable Business Model
- Quality Assurance and Standards
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | 0.46 | (1.52) | (30.14) |
| 31-Mar-20 | 1.43 | (4.69) | – |
| Mar-19 | 0.28 | (0.88) | – |
Kesar India IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) |
Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| Kesar India Limited | 10 | 348.00 | 0.46 | (1.52) | 116.03 |
| Listed Peers | |||||
| Shri Krishna Devcon Ltd | 10 | 17.46 | 1.26 | 5.08 | 2003.00 |
| Citadel Realty & Developers Limited | 10 | 31.91 | 0.44 | 3.66 | 224.84 |
| Macrotech Developers Limited | 10 | 1003.17 | 1.01 | 1.04 | 5,44,857.00 |
| Oberoi Realty Limited | 10 | 37.24 | 20.33 | 7.89 | 2,05,258.00 |
| Godrej Properties Limited | 5 | (156.21) | (7.49) | (2.28) | 76,492.00 |
Kesar India IPO Lead Managers
| Lead Managers |
| FEDEX SECURITIES PRIVATE LIMITED
HEM SECURITIES LIMITED |
Kesar India IPO Registrar to offer
| Registrar to the Offer |
| KFIN TECHNOLOGIES LIMITED Selenium Tower-B, Plot 31 & 32, Gachibowli, Financial District, Nanakramguda, Serilingampally, Hyderabad – 500 032, Telangana Tel No: +91 40 6716 2222 Fax No: +91 40 2343 1551 E-mail Id: kesarindia.ipo@kfintech.com Website: www.kfintech.com Contact Person: M Murali Krishna SEBI Registration No: INR000000221 |
Kesar India IPO – Other Details
- Statutory Auditor – RHAD & Co.
- Legal Counsel to the Company – Rajani Associates, Advocates & Solicitors
- Bankers to the Company – Kotak Mahindra Bank Limited, ICICI Bank LIMITED
Kesar India IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Kesar India Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Kesar India IPO Review FAQs
Check out various FAQs related to Kesar India IPO:
What is the Issue Size of Kesar India IPO?
The Company is making an initial public offer of 930,400 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and the net issue.
What is the Price band of Kesar India IPO?
The price band for this particular IPO ranges between Rs.170. As far as the face value of the share is of concern, it is Rs.10 per share.
What is the Kesar India IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on Jun 30, 2022, while the closing date is set at Jul 4, 2022.
What is the Kesar India IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Jul 7, 2022, refund initiation is on Jul 8, 2022, credit of shares is on Jul 11, 2022, and share listing date is on Jul 12, 2022.
What is the Kesar India IPO Listing Date?
Shares of this company shall be listed in the exchanges Jul 12, 2022. The date, when the listing would be done, is stagnant on Jul 12, 2022.
Who is the Registrar of Kesar India IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. KFIN TECHNOLOGIES LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Kesar IPO?
Here are the promoters of this IPO – GOPAL FATEHCHAND GUPTA . You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is GMP of Kesar India IPO?
They have obtained the GMP of this IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Is Kesar India IPO good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Kesar India Company?
They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2021 in Lakhs is 1.19, 2020 is 3.73, 2019 is 0.73. PAT from Dec 2021 is 324.49.
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