Kotyark Industries 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 Kotyark Industries IPO release date, IPO offer price, subscription, Kotyark Industries 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 |
| Cash Price | Rs 51 |
| Listing At | NSE Emerge |
| Min. Order Quantity | 2000 Shares |
| Listing Date | NA |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs Lakh |
| IPO Size | Rs 1126 Lakh |
| Tick Size | 1 |
Kotyark Industries IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – Kotyark Industries Share Price |
Kotyark Industries IPO – Summary
Their Company is primarily engaged in the manufacturing of BioFuel which is an alternative source of energy and has the ability to replace and good substitutes of traditional fossil fuels like coal, firewood, lignite, etc. Thus incorporated their Company under the name Kotyark Industries Private Limited in the year 2016 for trading and manufacturing of Bio Fuel.
Their company is serving towards renewable green energy and sustainable development of renewable natural resources (Biofuels) through the adoption of environmentally friendly technology that favors the net reduction of greenhouse gas emissions for use in a vehicle for public and private transport as well as various equipment and Gen Sets.
The Promoter of this company is MR. GAURANG RAMESHCHANDRA SHAH. The lead manager to the issue is BEELINE BROKING LIMITED, and the Registrar to this issue is KFIN TECHNOLOGIES PRIVATE LIMITED.
Kotyark Industries IPO Date
The opening and the closing date of Kotyark Industries IPO are Oct 21, 2021, and Oct 25, 2021.
Kotyark Industries IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 21st Oct | 2.15x | 1.65x | 1.90x |
| 2nd Day – 22nd Oct | 2.30x | 3.59x | 2.95x |
| 3rd Day – 25th Oct | 3.60x | 10.70x | 7.15x |
| Shares Offered or Net Issue | 1,048,000 | 1,048,000 | 2,096,000 |
The shares subscribed by the public will be updated here.
Check Kotyark Industries IPO LIVE Subscription
- Kotyark Industries IPO LIVE Bid details on BSE
- Kotyark Industries IPO LIVE Bid details on NSE
For the Latest Bid details click on the above links.
Kotyark Industries 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.
Kotyark Industries Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | – |
| Refunds Initiation | – |
| Credit of Shares to Demat Account | – |
| Share Listing Date | – |
Kotyark Industries IPO Cash Price
The face value of each share is Rs.10, but the price band of the IPO is Rs.51
Kotyark Industries IPO Size
This Initial Public Issue of 22,08,000 Equity Shares of Rs.10 each for cash at a price of Rs.51 per equity share aggregating to Rs.1126 Lakh.
Kotyark Industries IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of [●] Equity Shares of Rs.10/ each.
Issue Size: 22,08,000 Equity Shares of Rs.10 each, aggregating to Rs.1126 Lakh
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Kotyark Industries IPO – Live Performance
The listing date of this IPO is [●]. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Kotyark Industries Share Price |
Kotyark Industries IPO Grey Market Premium
The Kotyark Industries Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
Kotyark Industries IPO – Company Overview
Their Company was originally incorporated on December 30, 2016, as “Kotyark Industries Private Limited” vide Registration No. 094939/ 2016-2017 under the provisions of the Companies Act, 2013 with the Registrar of Companies, Central Registration Centre.
Further, their Company was converted into Public Limited Company and consequently, the name of the company was changed from “Kotyark Industries Private Limited” to “Kotyark Industries Limited” vide Special resolution passed by the Shareholders at the Extra-Ordinary General Meeting held on July 24, 2021, and a fresh certificate of incorporation dated August 05, 2021, issued by the Registrar of Companies, Ahmedabad.
Their company is an approved manufacturer of Biodiesel and has received a Letter of Intent from Biofuel Authority, Rural Development, Panchayat Raj Department, Government of Rajasthan and received permission from the Government of Rajasthan for setting up Mobile Retail Outlet for the sale of Bio-Diesel.
Further their Company has entered into Mobile Retail Outlet (MRO) Agreement with various parties for retail sale or supply at the mobile retails outlets.
Kotyark Industries 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 & Lakh) | ||||
| 31-July-21 | 31-Mar-21 | 31-Mar-20 | Mar-19 | |
| Total Assets | 1,744.27 | 1,802.00 | 1,912.56 | 848.30 |
| *Total Revenue | 2,810.58 | 6,529.07 | 2,578.12 | 3,756.71 |
| Total Expense | 2,738.25 | 6,389.86 | 2,510.10 | 3,682.45 |
| Profit After Tax | 51.65 | 104.43 | 48.57 | 57.77 |
Earnings per Equity Share (in Lakh)
| 31-July-21 | 31-Mar-21 | 31-Mar-20 | Mar-19 | |
| Basic & Diluted | 1.60 | 3.61 | 1.68 | 2.00 |
Further, their PAT for the period ended on March 31, 2021, March 31, 2020, and March 31, 2019, were Rs. 104.43 Lakh, Rs. 48.57 Lakh, and Rs. 57.77 Lakh respectively.
Kotyark Industries IPO – Promoters
The Promoter of this company is:
- MR. GAURANG RAMESHCHANDRA SHAH
List of Related Parties (Key Managerial Personnel)
- Gaurang Rameshchandra Shah, Chairman cum Managing Director
- Dhruti Mihir Shah, Whole Time Director
- Bhaviniben Gaurang Shah, Non-Executive Director
- Akshay Jayrajbhai Shah, Non – Executive Independent Director
- Harsh Mukeshbhai Parikh, Non – Executive Independent Director
Kotyark Industries IPO – Promoters Holding
- Pre Issue Share Holding – 98.51%
- Pos Issue Share Holding – 72.22%
Kotyark Industries IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 22,08,000 Equity Shares aggregating up to Rs.1126 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to [●] Equity Shares aggregating up to Rs.[●] Lakh |
| Net Issue to the Public | Up to [●] Equity Shares aggregating up to Rs.[●] Lakh |
| Of which: | |
| Retail Investors Portion | Not less than [●] Equity Shares |
| Other than Retail Individual Investors | Not more than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | 60,66,900 Equity Shares |
| Equity Shares outstanding after the Issue | X Equity Shares |
Kotyark Industries IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. To Meet Working Capital Requirement
2. General Corporate Purpose
3. To Meet the Issue Expenses
Kotyark Industries IPO – Business Strategy
- Expand their Current Business Relationships
- Improving operational efficiencies
- Optimal Utilization of Resources
- Improve capacity utilization
- Enhancing existing production and product quality
- To build up a professional organization
Kotyark Industries IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager based on the following qualitative and quantitative factors.
Qualitative factors are:
- Customer satisfaction and revenues from long-standing customer relationships
- Experienced Promoter and Management Expertise
- Scalable Business Model
- Cost-effective production and timely fulfillment of orders
- Existing relationship with suppliers
- Eco-friendly products
- Quality Assurance and Standards
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | 3.61 | 32.79 | 11.02 |
| 31-Mar-20 | 1.68 | 22.70 | 7.41 |
| Mar-19 | 2.00 | 34.92 | 5.73 |
Kotyark Industries IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| Kotyark Industries Limited | 10 | [●] | 3.61 | 32.79 | 2,810.58 |
| Listed Peers | |||||
| NA | – | – | – | – | – |
Kotyark Industries IPO Lead Managers
| Lead Managers |
| BEELINE BROKING LIMITED SEBI Registration Number: INM000012546 MB Division: 807, Phoenix Tower, Opp. New Girish Cold Drinks, Near Vijay Cross Roads, Navrangpura, Ahmedabad – 380 009 Telephone Number: +91 79 4840 5357 Email Id: mb@beelinemb.com Investors Grievance Id: ig@beelinebroking.com Website: www.beelinebroking.com Contact Person: Mrs. Khushbu Shah CIN: U51900GJ2014PLC080598 |
Kotyark Industries IPO Registrar to offer
| Registrar to the Offer |
| KFIN TECHNOLOGIES PRIVATE LIMITED Selenium Tower-B, Plot No. 31-32, Gachibowli, Financial District, Nanakramguda, Serilingampally, Hyderabad, Telangana – 500 032. Tel. No.: +91-40-6716-2222 Fax No.: +91-40-2343-1551 Email: kotyark.ipo@kfintech.com Website: www.kfintech.com Investor Grievance Email: einward.ris@kfintech.com Contact Person: M Murali Krishna SEBI Registration No.: INR000000221 |
Kotyark Industries IPO – Other Details
- Statutory Auditor – M/s Manubhai & Shah LLP, Chartered Accountant
- Legal Counsel to the Company – NA
- Bankers to the Company – NA
Kotyark Industries 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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Kotyark Industries Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Kotyark Industries IPO Review FAQs
Ques – What is the Issue Size of Kotyark IPO?
Answer – The Company is making an initial public offer of 22,08,000 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 net issue.
Ques – What is the Price band of Kotyark IPO?
Answer – The price band for this particular IPO ranges between Rs 51. As far as the face value of the share is of concern, it is Rs.10 per share.
Ques – What is the Kotyark IPO Open Date?
Answer – The opening and closing dates for this IPO have been updated. The IPO is set to open on NA, while the closing date is set at NA.
Ques – What is the Kotyark Industries IPO Allotment Date?
Answer – They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on NA, refund initiation is on NA, credit of shares is on NA, and share listing date is on NA.
Ques – What is the Kotyark IPO Listing Date?
Answer – Shares of this company shall be listed in the exchanges NA. The date, when the listing would be done, is stagnant on NA.
Ques – Who is the Registrar of Kotyark IPO?
Answer – One of the reputed registrars is managing the issue of this IPO, i.e. KFIN TECHNOLOGIES PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.
Ques – Who is the Promoter of Kotyark Industries IPO?
Answer – Here are the promoters of this IPO – MR. GAURANG RAMESHCHANDRA SHAH. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
Ques – What is the GMP of Kotyark IPO?
Answer – 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.
Ques – Is Kotyark IPO good for Investment?
Answer – 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.
Ques – What is the PAT of Kotyark Industries?
Answer – 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 Lakh is 104.43, 2020 is 48.57, 2019 is 57.77. PAT from July 2021 is 51.65.
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