KHFM Hospitality IPO – Review, Allotment, Subscription, GMP & DRHP

KHFM Hospitality Limited is one of the reputed integrated business services providers focused on providing integrated hospitality and facility management services (IHFM). KHFM Hospitality IPO comprises of 29,50,000 Equity shares, face value of Rs.10 each.

Let’s have a detailed review of the company and analytics of the KHFM Hospitality IPO release date, IPO offer price, subscription, KHFM Hospitality IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.

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KHFM Hospitality IPO Review & Ratings

IPO Ratings & Review
CriteriaRatings
Industry Sentiments8.5/10
Industry Ranking7.8/10
Company Background7.9/10
Company Reputation6.9/10
Competitive Edge6.7/10
Financial Statements7.8/10
Popularity Index7.4/10
Promoters Reputation7.7/10
Retail Appetite6.9/10
Top Brokers Review7.9/10
Overall Ratings7.1/10
Star Ratings★★★★☆

Summary of KHFM Hospitality Limited IPO

KHFM Hospitality IPOKHFM Hospitality Limited is one of the reputed integrated business services providers focused on providing integrated hospitality and facility management services (IHFM). The Company provide the entire range of hospitality and facility management services including mechanized housekeeping, guesthouse management, pest control, gardening and security service, etc.

The IHFM segment of their services provide integrated hospitality and facility management solutions to corporates including MNCs, government organizations like Railways, Municipal Corporations Public Sector Undertakings (PSUs) and other commercial establishments. The Issue comprises of a Public Issue of 29,50,000 Equity shares of face value of Rs.10.00 each fully paid  up.

From FY 2014-15 to FY 2016-2017, as per the Restated Financial Statements,

From fiscal 2016 to 2017, company’s revenue from operations and net profit has increased at a growth rate of 42.19% and 0.40%, respectively.

For the period ended March 31, 2018, FY 2016-17 and FY 2015-16, its revenue from operations was Rs. 4,499.00 Lakhs, Rs. 4,478.60 Lakhs and Rs. 4,482.55 Lakhs, respectively representing growth of  0.25% from the FY 2016-17 to FY 2017-18. For the period ended March 31, 2017, FY 2016-17 and FY 2015-16 our net profit was Rs. 301.60  Lakhs, Rs.271.48 Lakhs and Rs.  290.21 Lakhs, respectively, representing a growth of  11.09 % from the FY 2017-16 to FY 2018-17.

  • During the financial year 2017-18 the Other Income of our company increased to Rs. 9.45  Lakhs as against Rs.9.47 Lakhs for the financial year 2016-17.
  • Company’s Net Profit after tax for the year 2016-17 is Rs. 222.41 Lakhs from the year 2015-16 of Rs.181.04 Lakhs showing an increase of 22.85% from last year, showing remarkable performance.

The Promoter of this company is Mr. Ravindra Hegde and Mrs. Sujata Hegde. The lead manager to the issue is Bonanza Portfolio Limited  and the Registrar to this issue is Bigshare Services Private Limited .


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    KHFM Hospitality IPO Date

    The opening and the closing date of KHFM Hospitality Limited IPO is Mar 22, 2019 – April 4, 2019.


    KHFM Hospitality IPO Subscription

    Day / DateQIBNIIRIITotal Subscription
    1st Day – Mar 220.01x0.01x0.01x
    2nd Day – Mar 250.11x0.08x0.09x
    3rd Day – Mar 260.15x0.20x0.17x
    4th Day – Mar 270.20x0.45x0.31x
    5th Day – Mar 280.21x0.46x 0.32x
    6th Day – Mar 29 0.25x  0.48x0.34x 
    7th Day – April 10.52x 0.49x 0.48x 
    8th Day – April 2 0.59x  0.69x 0.61x
    9th Day – April 3
    0.94x  1.11x 0.97x
    10th Day – April 4 1.34x 1.48x 1.41x
    Shares Offered or Net Issue1,327,5001,327,5002,802,500

    The shares subscribed by the public will be updated here.


    KHFM Hospitality IPO Allotment Status

    Here, you can find the Allotment Status of this IPO.

    Basis of Allotment Finalization8-Apr-19
    Refunds Initiation9-Apr-19
    Credit of Shares to Demat Account9-Apr-19
    Share Listing Date11-Apr-19

    KHFM Hospitality IPO Price Band

    The face value of each share is Rs 10, but the price band of the IPO is Mar 22, 2019 – Mar 27, 2019.


    KHFM Hospitality IPO Equity Share Offering

    29,50,000 Equity Shares of Rs 10/- each and Issue Price is Rs. 38 per Equity Share (including a share premium of Rs. 28.00 per Equity share) aggregating Rs. 1121.00 lakh.


    KHFM Hospitality Limited – Company Overview

    KHFM Hospitality Limited us one of the reputed integrated business services providers focused on providing integrated hospitality and facility management services (IHFM). The Company provide the entire range of hospitality and facility management services including mechanized housekeeping, guesthouse management, pest control, gardening and security service, etc. The IHFM segment of their services provide integrated hospitality and facility management solutions to corporates including MNCs, government organizations like Railways, Municipal Corporations Public Sector Undertakings (PSUs) and other commercial establishments. 

    As on June 30, 2018 the Company was catering to over 71 clients through over contracts executed with such clients for providing various IHFM services to them. Their clients span various industries including education sector, Municipal Corporations, Railway Stations, Amusement and Water Parks, Banks, Airport, Government Guest-houses, among others

    The Company is promoted by Mr. Ravindra Hegde and Mrs. Sujata Hegde and is the guiding force behind the growth and strategic decisions of the Company.

    Competitive Strengths of KHFM Hospitality Limited :

    • Experience team of professionals with domain expertise
    •  Experience and track record
    • Technology
    • Diverse Portfolio of services offered
    • Direct operation and widespread domestic presence

    Business strategies of KHFM Hospitality Limited :

    • Growing presence in Education, Corporate Parks, Commercial Buildings, Hospitals.
    • Focus on increasing geographical presence
    • Enhancing their existing customer base and continue to develop Client &Vendor relationships
    • To continue focus on providing Quality Services

    KHFM Hospitality Limited – Financial Statements

    A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:

    Financial Summary:

    Amount (in INR & Lakhs)
    31-Mar-1831-Mar-1731-Mar-1631-Mar-1531-Mar-14
    Total Assets5,159.344,060.443,742.04 3,331.943,332.17
    Total Revenue4,508.454,488.074,498.444,612.234,597.31
    Total Expense3,808.593,886.223,880.934,004.103,987.32
    Profit After Tax222.41181.04195.05209.63 213.36

    Earnings per Equity Share (in Lakhs)

    31-Mar-1831-Mar-1731-Mar-16
    Basic & Diluted3.292.682.89

    From the above statements, one could find that the KHFM Hospitality Limited may perform well.


    KHFM Hospitality IPO – Promoters

    The Promoter of this company are:

    1. Mr. Ravindra Hegde
    2. Mrs. Sujata Hegde

    List of Related Parties (Key Managerial Personnel)

    • Ravindra Hegde
    • Naveen Carvallo
    • Shekhar Prabhakar Thigaley

    Interest in promotion of the Company

    Company is currently promoted by the Promoters in order to carry on its present business. Promoters are interested in the Company to the extent of their shareholding and directorship of the Individual Promoter in the Company and the dividend declared, if any, by the Company. The Promoters are interested in the transactions entered into the Company and the Promoter Group.

    Property Interest

    The promoters along with the promoter group will continue to hold collectively some percentage of the equity share capital of the company. As a result of the same, they will be able to exercise significant influence over the control of the outcome of the matter that requires approval of the majority shareholders vote.

    Interest in Intellectual Rights of the Company

    Promoters has not shown any interest in acquiring the intellectual rights of the company.


    KHFM Hospitality IPO Offer Details or Issue Details

     Particulars No. Of Equity Shares
     Equity Shares Offered Issue of upto 29,50,000 Equity Shares having face value of Rs. 10.00 each at a price of Rs. 38.00 per Equity Share (including a share premium of Rs. 28.00 per Equity share) aggregating Rs. 1121.00 lakh.
     Of which:
     Reserved for Market Makers Issue of upto 1,47,500 Equity Shares having face value of Rs. 10.00 each at a price of Rs. 38.00 per Equity Share aggregating Rs. 56.05 lakh
     Net Issue to the Public Issue of upto 28,02,500 Equity Shares having face value of Rs. 10.00 each at a price of Rs. 38.00 per Equity Share aggregating Rs. 1064.95 lakh
     Of which:
     Retail Investors Portion Upto 14,01,250 Equity Shares having face value of Rs. 10.00 each at a price of Rs. 38.00 per Equity Share aggregating Rs. 532.48 lakh will be available for allocation to Retail Individual Investors.
     Non-Retail Investors PortionUpto 14,01,250 Equity Shares having face value of Rs. 10.00 each at a price of Rs. 38.00 per Equity Share aggregating Rs. 532.48 lakh will be available for allocation to other than Retail Individual Investors
     Equity Shares outstanding prior to the Issue67,50,000 Equity Shares of face value of Rs. 10/- each
     Equity Shares outstanding after the Issue97,00,000 Equity Shares of face value of Rs. 10/- each

    KHFM Hospitality IPO Issue Object

    These are the IPO Issue Objects of the company

    • Meeting additional Working Capital Requirement
    • General Corporate Purpose

    KHFM Hospitality IPO – Basis of the 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:

    • Experience team of professionals with domain expertise
    •  Experience and track record
    • Technology
    • Diverse Portfolio of services offered
    • Direct operation and widespread domestic presence

    The relevant quantitative factors are:

    Basic & Diluted EPSRONW (%)NAV (Rs.)
    31-Mar-163.2912.1127.20
    31-Mar-172.6811.62239.04
    31-Mar-182.8913.62212.22
    • Industry P/E Ratio:
    ParticularsP/E ratio
    31 st March -1811.55
    • Competitive Peers:
    ParticularsFace Value (in Rs.)EPS     (In Rs.)P/E RatioRONW (%) NAV (In Rs.)
    Kaarya Facilities & Services Limited*101.7218.668.45%20.37
    Rithwik Facility Management Services Limited *102.0421.425.54%3.69

    KHFM Hospitality IPO Lead Managers

    Lead Managers
    BONANZA PORTFOLIO LIMITED
    Bonanza House, Plot no M-2,
    Cama Industrial Estate, Walbhat Road,
    Goregaon (E), Mumbai-400 063
    Telephone: +91 22 4059 5757
    Facsimile: +91 22 2686 5774
    Email: swati.agrawal@bonanzaonline.com
    Investor Grievance Email: mbgrievances@bonanzaonline.com
    Contact Person: Mrs. Swati Agrawal
    Website: www. bonanzaonline.com
    SEBI registration number: INM000012306
    CIN: U65991DL1993PLC05228

    KHFM Hospitality IPO Registrar to offer

    Registrar to the Offer
    BIGSHARE SERVICES PRIVATE LIMITED
    1st Floor, Bharat Tin Works Building
    Opp. Vasant Oasis, Makwana Road,
    Marol, Andheri (East), Mumbai 400 059, India.
    Telephone: +91 22 6263 8200
    Facsimile: +91 22 6263 8299
    Email: ipo@bigshareonline.com
    Investor grievance email:investor@bigshareonline.com
    Contact Person: Mr. Srinivas Dornala
    Website: www.bigshareonline.com
    SEBI Registration Number: INR000001385
    CIN: U99999MH1994PTC076534

    Other Details:

    • Statutory Auditor –  G.R. Shetty & Co.Chartered Accountants 
    • Peer Review Auditor – SVK & Associates Chartered Accountants
    • Bankers to the Company –  Central Bank of India, Deutsche Bank

    KHFM Hospitality IPO Review by Top 10 Stock Brokers

    Top Stock Brokers ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
    Angel Broking7.5/107.4/108.5/108.1/107.1/10
    Sharekhan7.2/107.1/108.6/108.1/107.2/10
    Kotak Securities7.3/107.5/108.4/108.1/107.3/10
    ICICI Direct7.3/107.3/108.7/108.1/107.1/10
    IIFL7.5/107.2/108.8/108.0/107.1/10
    Edelweiss7.5/107.4/108.4/108.3/107.2/10
    Zerodha7.4/107.1/108.5/108.1/107.0/10
    5Paisa7.1/107.1/108.4/108.1/107.1/10
    Karvy7.4/107.3/108.2/108.1/107.1/10
    Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

    KHFM Hospitality IPO Grey Market Premium

    The KHFM Hospitality IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. 


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      KHFM Hospitality IPO News

      News 1 – IPO ISSUE OPENS SOON (Download Prospectus)


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