Kurlon Enterprise 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 Kurlon Enterprise IPO release date, IPO offer price, subscription, Kurlon Enterprise 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 [●] |
| Listing At | BSE, NSE |
| Min. Order Quantity | NA |
| Listing Date | NA |
| Offer for Sale | Rs Million |
| Fresh Issue | Rs Million |
| IPO Size | Rs Million |
| Tick Size | 1 |
Kurlon Enterprise IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Kurlon Enterprise Share Price – Live Performance |
Kurlon Enterprise IPO – Summary
Their company is into the business of manufacturing mattress and is one of the many popular brands for mattress in India. The company has pioneered the technology of using coir husk in the production of mattress.
The company presently manufactures mattress of different configurations, cushions and also mats. This company has also added another domain to tis line of production, i.e. home comfort segment as it went beyond providing sleep experiences.
Kurlon Enterprise IPO Date
The opening and the closing date of the IPO of Kurlon Enterprise Limited are not available yet.
Kurlon Enterprise IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – | ||||
| 2nd Day – | ||||
| 3rd Day – | ||||
| Shares Offered or Net Issue |
The shares subscribed by the public will be updated here.
Check Kurlon Enterprise IPO LIVE Subscription
- Kurlon Enterprise IPO LIVE Bid details on BSE
- Kurlon Enterprise IPO LIVE Bid details on NSE
For the Latest Bid details click on the above links.
Kurlon Enterprise 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.
Kurlon Enterprise 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 | – |
Kurlon Enterprise IPO Price Band / Cash Price
The face value of each share is Rs.10, but the price band of the IPO is Rs.[●]
Kurlon Enterprise IPO Equity Size
This Initial Public Issue of 18,24,000 Equity Shares of Rs.10 each for cash at a price of Rs.[●] per equity share aggregating to Rs.[●] Million.
Kurlon Enterprise IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of [●] equity Shares of Rs.10/ each.
Issue Size: X Equity Shares of Rs.10 each, aggregating to Rs.[●] Million
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Kurlon Enterprise 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 – Kurlon Enterprise Share Price |
Kurlon Enterprise IPO Grey Market Premium
The Kurlon Enterprise Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
Kurlon Enterprise IPO – Company Overview
Kurlon Enterprises presently has an extensive range of products in its line of manufacturing. They harbor the production of mattress, with 126 different configurations, which also includes the Australian technology-based mattresses which are made using coir husk.
The company, with its widespread reach, network and expertise, has managed to gather dealers in vast numbers, 10,000 dealers on a minimum estimate. They have also incorporated 72 branches, also referred to as stock points.
They have established a total number of 9 facilities, wherein the production process goes on, which is further taken over by the dealers and stock points.
The company continues to add up state-of-the-art technology to its current methods, to ensure enhanced customer satisfaction and quality.
Kurlon Enterprise 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 & Million) | ||||
| 30-Jun-20 | 31-Mar-20 | Mar-19 | 31-Mar-18 | |
| Total Assets | ||||
| *Total Revenue | ||||
| Total Expense | ||||
| Profit After Tax | ||||
Earnings per Equity Share (in Million)
| 30-Jun-20 | 31-Mar-20 | Mar-19 | 31-Mar-18 |
|
| Basic & Diluted |
Further, their PAT for the period ended on June 30, 2020, March 31, 2020, March 31, 2019, and March 31, 2018, were Rs. 135.51 Million, Rs. 447.45 Million, Rs. 68.04 Million and Rs. 26.91 Million respectively.
Kurlon Enterprise IPO – Promoters
The Promoter of this company is:
List of Related Parties (Key Managerial Personnel)
- Mr. Manish Kumar Dabkara, Chairman & Managing Director
- Mr. Naveen Sharma, Chief Financial Officer
- Mr. Babita Kumawat, Company Secretary and Compliance Officer
Kurlon Enterprise IPO – Promoters Holding
- Pre Issue Share Holding – %
- Pos Issue Share Holding – %
Kurlon Enterprise IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to X Equity Shares aggregating up to Rs.[●] Million |
| of which: | |
| Issue Reserved for the Market Makers | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Net Issue to the Public | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| 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 | X Equity Shares |
| Equity Shares outstanding after the Issue | X Equity Shares |
Kurlon Enterprise IPO Issue Object
Their Company proposes to utilise the Net Proceeds towards funding the following objects:
1. To meet Working Capital requirements
2. General Corporate Purpose
3. To meet issue expenses
Kurlon Enterprise IPO – Business Strategy
- Focus on Consultancy Business and spreading awareness about carbon neutrality
- Increase the use of technology to improve operational efficiency
- Expanding their customer base
- Creating awareness to reduce carbon emissions
Kurlon Enterprise 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:
- Quality Assurance, timely payment, and delivery
- Broad customer base and strong relationships with their customers
- Multiple Business verticals under one roof
- Qualified management team and employee base
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-20 | |||
| 31-Mar-19 | |||
| Mar-18 |
Kurlon Enterprise IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Crores) | |
| Kurlon Enterprise Limited | 10 | [●] | 8.86 | 73.11 | 20.43 |
| Listed Peers | |||||
| Mitcon Consultancy and Engineering Services Limited |
10 | 12.46 | 3.13 | 3.91% | 42.72 |
Kurlon Enterprise IPO Lead Managers
| Lead Managers |
Kurlon Enterprise IPO Registrar to offer
| Registrar to the Offer |
| BIGSHARE SERVICES PRIVATE LIMITED Address:-1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road, Marol, Andheri East, Mumbai – 400059 Tel No.:+91-022-62638200 Fax No.: +91-022-62638299 Website:www.bigshareonline.com Email:ipo@bigshareonline.com Investor Grievance Email: investor@bigshareonline.com |
Kurlon Enterprise IPO – Other Details
- Statutory Auditor – NA
- Legal Counsel to the Company – NA
- Bankers to the Company – NA
Kurlon Enterprise 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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Kurlon Enterprise Limited IPO News
News 1 – Kurlon Enterprise Limited IPO DRHP Download
News 2 – Kurlon Enterprise IPO RHP Download
Kurlon Enterprise IPO Review FAQs
Ques – What is the Issue Size of Kurlon Enterprise IPO?
Answer – The Company is making an initial public offer of NA equity shares. We 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.
Ques – What is the Price band of Kurlon Enterprise IPO?
Answer – The price band for this particular IPO, i.e. Kurlon Enterprise IPO ranges between NA. As far as the face value of the share is of concern, it is Rs.10 per share.
Ques – What is the Kurlon Enterprise IPO Open Date?
Answer – The opening and closing dates for Kurlon Enterprise IPO have been updated. The IPO is set to open on NA, while the closing date is set at NA.
Ques – What is the Kurlon Enterprise IPO Allotment Date?
Answer – We also have the news regarding the respective allotment dates of Kurlon Enterprise 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 Kurlon Enterprise IPO Listing Date?
Answer – Shares of Kurlon Enterprise 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 Kurlon Enterprise IPO?
Answer – One of the reputed registrars is managing the issue of Kurlon Enterprise IPO, i.e. Bigshare Services Private Limited. Their website will help you regarding the further information you are on the lookout for.
Ques – Who is the Promoter of Kurlon Enterprise IPO?
Answer – Here are the promoters of Kurlon Enterprise – NA. 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 GMP of Kurlon Enterprise IPO?
Answer – We have obtained the GMP of Kurlon Enterprise 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 Kurlon Enterprise IPO good for Investment?
Answer – We 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 Kurlon Enterprise Company?
Answer – We have the information of company financials, and according to that, we have the figures from the last few years to provide. PAT for the financial year 2020 in Million is NA, 2019 is NA, 2018 is NA. PAT from Sep 2020 is NA.
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