Kshitij Polyline IPO – Review, Allotment, Subscription, GMP Price, Date & more

Kshitij Polyline is in designing and innovation in office stationery, calendar, dairy and student study materials of different variety colours, design and application. Kshitij Polyline IPO consists of 25,00,000 Equity shares of Rs.10 each at a price of Rs.35 per Equity Share aggregating to Rs 875 lakhs.

They have also developed the In house technical & Design team to provide stationery solution and implementation for calendar, diary, books as replacement of traditional material with new and innovative PP material.  Let’s have a detailed review of the company and analytics of the Kshitij Polyline IPO release date, IPO offer price, subscription, Kshitij Polyline IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.


Kshitij Polyline IPO Review & Ratings

Kshitij Polyline IPO Ratings & Review
CriteriaRatings
Industry Sentiments 6.3/10
Industry Ranking 6.3/10
Company Background6.1/10
Company Reputation6.4/10
Competitive Edge6.4/10
Financial Statements6.5/10
Popularity Index6.2/10
Promoters Reputation6.3/10
Retail Appetite 6.2/10
Top Brokers Review6.3/10
Overall Ratings 6.3/10
Star Ratings★★★☆☆

Summary of Kshitij Polyline IPO

Kshitij Polyline IPOEstablished in the year 1998, Kshitij Polyline Pvt. Ltd. has been successfully running the manufacture, import, distribute, export and supply of Smart I.D. Card Products, Binding & Lamination Pouches & Films Materials & Accessories and Stationery Products. Furthermore they also offer plastic sheets like PP, PVC, HIPS, Rigid Sheets & OHP Sheets, Card Holders & Neck Lanyards, Files & Folders, Lamination Pouches/Films & Rolls, Binding Combs, Binding Spirals / Coils, Double Loop Metal Wiro and many more.

From FY 2015-16 to FY 2016-2017, as per the Restated Financial Statements:

  • During the year 2016-17, the total revenue of the company has increased to Rs. 1682.2 lakhs as against Rs. 1546.8 lakhs in year 2015-16. It represents increase of 8.95% of the total revenue.
  • Company’s Net Profit after tax for the year 2016-17 is Rs. 27.78 Lakhs from the year 2015-16 of Rs. 19.94 Lakhs.

The Promoter of this company are Bharat Hemraj Gala ,Mr. Hemraj Bhimshi Gala and Rita Bharat Gala. The lead manager to the issue is MONARCH NETWORTH CAPITAL LIMITED and the Registrar to this issue is KARVY COMPUTERSHARE PRIVATE LIMITED


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Kshitij Polyline IPO Date

The opening and the closing date of IPO of Kshitij Polyline is not known yet.


Kshitij Polyline IPO Subscription

 Subscription
Day 1X
Day 2 X
Day 3X
Day 4 X
Day 5 X

The shares subscribed by the public will be updated herein on a daily basis, once the IPO is open for subscription.


Kshitij Polyline IPO Allotment Status

The Issue is being made through the Fixed Price Process wherein up to 1,32,000 Equity Shares shall be reserved for Market Maker and balance of 23,68,000 Equity Shares will be the Net Issue.


Kshitij Polyline IPO Price Band

The face value of each share is Rs 10 and the issue price is Rs.35.


Kshitij Polyline IPO Equity Share Offering

25,00,000 Equity Shares of Rs 10/- each at an Issue Price of Rs.35 so it will be aggregated to Rs. 875 lakhs.


Kshitij Polyline Limited – Company Overview

Kshitij Polyline was originally incorporated as ―Kshitij Polyline Private Limited‖ on March 26, 2008 under the Companies Act, 1956 vide certificate of incorporation issued by the Registrar of Companies, Mumbai. The Company was subsequently converted in to a public company and consequently name was changed to ―Kshitij Polyline Limited‖ (KPL) vide fresh certificate of incorporation dated January 19, 2018 issued by Registrar of Companies, Mumbai. The CIN of the Company is U25209MH2008PLC180484.

Owing to its better quality and tensile nature, these products are highly appreciated by their esteemed client base.The  products are basically used in schools, companies, colleges and corporate houses as it is developed with attractive colours and designs. Less maintenance is required for  products, which is another reason why it is liked by all. Keeping mind the various needs ad specifications of the respected clients they also have a custom-build range available. They make sure that the products are thoroughly checked as per the global standards of quality before it it finally delivered to the clients. The range of products are available at affordable prices as per the industry trends.

Competitive Strengths of Kshitij Polyline Limited:

  • Experienced Promoters and Management Expertise.
  • Timely Delivery of Products.
  • Unique Brand Positioning.
  • Lead in Office Stationery.
  • Well developed distribution and marketing network.
  • Team of professional and skilled staff.
  • Large & Diverse Product Portfolio.
  • Established relationship with institutional & corporate customers.
  • Quality Assurance and Control.
  • Integrated manufacturing facility.

Business strategies of Kshitij Polyline Limited:

  • Leveraging Market Skills
  • Long Term Relationship with Clients
  • Achieving Operational Efficiencies
  • Expand Distribution Network & Customer Base
  • Brand Building
  • Expand the Business in new location

Kshitij Polyline 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-1431-Mar-13
Total Assets2370.441719.421483.161422.301309.951000.15
Total Revenue1700.621701.031557.201239.131267.641334.09
Total Expense1587.031661.66 1527.141214.741248.111323.00
Profit After Tax84.9027.7819.9416.2711.457.91

Earnings per Equity Share (in Lakhs)

31-Mar-1731-Mar-1631-Mar-15
Basic  and Diluted1.181.140.93

From the above statements, one could find that the Kshitij Polyline Limited may perform well.


Kshitij Polyline IPO – Promoters

The Promoter of this company are:

  1. Bharat Hemraj Gala
  2. Mr. Hemraj Bhimshi Gala
  3. Rita Bharat Gala.

List of Related Parties (Key Managerial Personnel)

  • Mr. Rahul Devshi Shah
  • Ms. Hetal Kiran Karani
  • Ms. Nikita Kanhiyalal Pediwal

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.


Kshitij Polyline IPO Offer Details or Issue Details

 Particulars No. Of Equity Shares
 Equity Shares Offered 2500000 Equity Shares of Rs 10/- each at an Issue Price of Rs.35
 Of which:
 Reserved for Market Makers 1,32,000 Equity Shares of face value of Rs. 10/- each fully paid of the Company for cash at price of Rs. 35/- per Equity Share aggregating Rs. 46,20,000/-
 Net Issue to the Public 23,68,000 Equity Shares of face value of Rs. 10/- each fully paid of the Company for cash at price of Rs. 35/- per Equity Share aggregating Rs. 8,28,80,000/-
 Of which:
 Retail Investors Portion 11,84,000 Equity Shares of face value of Rs. 10/- each fully paid of the Company for cash at price of Rs. 35/- per Equity Share aggregating Rs. 4,14,40,000/-
 Non-Retail Investors Portion11,84,000 Equity Shares of face value of Rs. 10/- each fully paid of the Company for cash at price of Rs. 35/- per Equity Share aggregating Rs. 4,14,40,000/-
 Equity Shares outstanding prior to the Issue6183336 Equity Shares
 Equity Shares outstanding after the Issue 8683336 Equity Shares

Kshitij Polyline IPO Issue Object

These are the IPO Issue Objects of the company-

  • To purchase of Machinery and Equipment to manufacture the Laminated sheet, Wiro and PP Sheet suitable for stationery and office products
  • Funding of working capital requirements of the Company
  • General Corporate Purpose
  • Issue Expenses

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Kshitij Polyline 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 are:

  • Experienced promoters and Management Expertise
  • Quality projects and committed operations
  • Independent Execution capabilities
  • Networking strength

The relevant quantitative factors are:

Basic & Diluted EPSRONW (%)NAV (Rs.)
31-Mar-150.938.6
31-Mar-161.149.611.91
31-Mar-171.186.813.7
  • Industry P/E Ratio:
ParticularsP/E ratio
Average12
Highest19.82
Lowest4.17

 


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Kshitij Polyline IPO Lead Managers

Lead Managers
MONARCH NETWORTH CAPITAL LIMITED,
Address – Monarch House, Opp., Ishwar Bhuvan, Commerce Six Road,
Navrangpura, Ahmedabad – 380009. Tel. No. – 079 – 6600 0754/ 2666 6754
Website: https://www.mnclgroup.com/ Email:
Investor Grievance Email:
Contact Person: Mr. Shivam Patel SEBI Regn. No. MB/ INM000011013

Kshitij Polyline IPO Registrar to offer

Registrar to the Offer
KARVY COMPUTERSHARE PRIVATE LIMITED
Address – Karvy Selenium Tower B, Plot 31-32, Gachibowli, Financial District,
Nanakramguda, Hyderabad 500 032 India Tel. No. – 040-67162222
Website: www.karisma.karvy.com Email:
Investor Grievance Email:
Contact Person: Mr. M Murali Krishna SEBI Regn. No. INR000000221

Other Details:

  • Statutory Auditor – R.M. Ajgaonkar & Associates
  • Peer Review Auditor – R.M. Ajgaonkar & Associates
  • Bankers to the Company –  ICICI Bank , VASAI JANATA SAHAKARI BANK LIMITED
  • Legal Advisor to the Issue– Miss Pooja Sharma Advocate

Kshitij Polyline IPO Review by Top 10 Stock Brokers

Top Stock Brokers ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
Angel Broking6.5/106.6/106.6/106.4/106.4/10
Sharekhan6.7/106.4/106.6/106.1/106.2/10
Kotak Securities6.7/106.7/106.7/106.4/106.3/10
ICICI Direct6.6/106.3/106.7/106.5/106.5/10
IIFL6.4/106.7/106.8/106.4/106.7/10
Edelweiss6.7/106.4/106.4/106.3/106.7/10
Zerodha6.5/106.4/106.7/106.4/106.5/10
5Paisa6.7/106.4/106.3/106.7/106.5/10
Karvy6.8/106.3/106.7/106.4/106.0/10
Motilal Oswal6.6/106.4/106.6/106.6/106.4/10

The ratings would be updated once the financials and the other details of the IPO are released.


Kshitij Polyline IPO Grey Market Premium

The Kshitij Polyline IPO Grey Market Premium is yet to be announced. It will be updated as soon as the premium rates are announced.


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Kshitij Polyline IPO News

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