Kaka Industries, incorporated on June 21, 2019, is a PVC profile brand specializing in polymer-based profiles used in doors, windows, partitions, false ceilings, wall panelling, kitchen cabinets, and more.
| Bidding Dates |
|---|
| 10 Jul 2023 - 12 Jul 2023 |
| Subscription |
|---|
| 271.3x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,16,000 | 1 | 1 | 2000 | 3.7 M | ₹55 - ₹58 | 73.21 % | ₹201.3 M - ₹212.3 M | RHP DOC |
Kaka Industries IPO SUBSCRIPTION STATUS
12 Jul '23Kaka Industries IPO overall subscription rate was 271.3 times the total available shares
Kaka Industries IPO retail subscription rate was 358.88 times in the retail segment
Kaka Industries IPO non-institutional investor subscription rate was 315.99 times in the non-institutional investor category
Kaka Industries IPO Qualified Institutional Bidder subscription rate was 72.13 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
12 Jul 2023 (Day 3) | 358.88x | 315.99x | 72.13x |
11 Jul 2023 (Day 2) | 133.98x | 40.36x | 5.74x |
10 Jul 2023 (Day 1) | 44.54x | 15.38x | 0.03x |
Kaka Industries FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| FY23 | 71.9 | 1,585.0 | 84.0 | -27.8 | 8.5% |
| FY22 | 49.8 | 1,169.6 | -4.9 | -32.9 | 8.2% |
| FY21 | 30.3 | 787.5 | -49.7 | -123.2 | 7.7% |
Kaka Industries IPO SUBSCRIPTION STATUS DETAILS
Kaka Industries had 3.7 M shares on offer
Kaka Industries IPO offer price was in the range ₹55 - ₹58
Kaka Industries IPO minimum Investment was ₹116000
Kaka Industries IPO issue size was ₹ 201.3 M - ₹ 212.3 M
Kaka Industries had a minimum lot size of 2000 Shares per application
Kaka Industries NUMBER OF SHARES ON OFFER
Kaka Industries IPO IMPORTANT DATES
| Issue Open Date | 10 Jul 2023 |
| Issue close Date | 12 Jul 2023 |
| Allotment Date | 17 Jul 2023 |
| Refund Date | 18 Jul 2023 |
| Demat Account Credit Date | 19 Jul 2023 |
| Listing Date | 19 Jul 2023 |
| Listing on Exchange(s) | BSE |
| Kaka Industries Allotment Status | Exchange |
Kaka Industries IPO subscription opened on 10 Jul 2023, and closed on 12 Jul 2023
IPO allotment for Kaka Industries was finalized on Monday, 17 Jul 2023
IPO listing for Kaka Industries was on BSE on Wednesday, 19 Jul 2023
Kaka Industries IPO LISTING GAINS
| Issue Price (adjusted) | 58.0 |
| Listing Open Price | 110.2 |
| Listing Close Price | 115.7 |
| Listing Gain% | 90.0% |
| Current Gain% | 254.3% |
Kaka Industries Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Kaka Industries Ltd. | 205.5 | 280.7 | 15 | 0.3 | 1.1 | 22.6 | 9 | 263.8 | 33.2 | 18.8 | 46 | 13.7 | 46 |
| Supreme Industries Ltd. | 3442 | 43722.7 | 42.4 | 2.6 | 3.9 | 15.5 | 12.2 | 11262.5 | 7.2 | 954 | -0.7 | 81.3 | 16 |
| Astral Ltd. | 1444 | 38793.1 | 72.3 | 29.6 | 5.9 | 13.2 | 9.2 | 6615.9 | 12.6 | 536.6 | 2.4 | 20 | 2.4 |
| Shaily Engineering Plastics Ltd. | 3162.3 | 14531.6 | 82.2 | 1.6 | 14.2 | 23.7 | 14.8 | 998.4 | 26.5 | 169.9 | 82.5 | 38.5 | 51.3 |
| Finolex Industries Ltd. | 164.4 | 10202.5 | 16.6 | 0.3 | 2.6 | 9.6 | 7.9 | 4324.8 | -1.5 | 599 | -25.1 | 9.9 | 54.8 |
| Time Technoplast Ltd. | 204.9 | 10113.6 | 20.6 | 1 | 1.6 | 11.5 | 8.3 | 6114.4 | 11.9 | 468.7 | 20.8 | 9.9 | 21.3 |
Kaka Industries INFORMATION ON IPO ISSUE
About Kaka Industries
Kaka Industries, incorporated on June 21, 2019, is a PVC profile brand specializing in polymer-based profiles used in doors, windows, partitions, false ceilings, wall panelling, kitchen cabinets, and more.
Object of the Issue
- To meet working capital requirements
- Repayment and/or pre-payment, in full or part, of certain borrowings availed by the company
- General corporate purpose
- To meet issue expenses
Kaka Industries - PROMOTERS
| Name |
|---|
| Rajesh Dhirubhai Gondaliya |
| Bhavin Rajeshbhai Gondaliya |
| Rajeshkumar Dhirubhai Gondaliya (HUF) |
| Rajesh Dhirubhai Gondaliya |
| Bhavin Rajeshbhai Gondaliya |
| Rajeshkumar Dhirubhai Gondaliya (HUF) |
Kaka Industries Lead Manager of the Issue
Hem Securities Limited
ib@hemsecurities.com
Kaka Industries Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Kaka Industries Strengths
Extensive network of dealers
The company has a wide dealer network spanning across India, with over 300 dealers operating in more than 20 states and Union Territories
Wide range of products
The company provides a diverse range of over 1,200 SKUs, including PVC profiles, uPVC door and window profiles, WPC profiles, and sheets, available in various sizes, specifications, and colours
In-house manufacturing capabilities
The company operates three manufacturing facilities in Zak village, Gandhinagar district, Gujarat. These facilities have a combined production capacity of 15,425 MT for PVC profiles, 2,995 MT for WPC profiles and sheets, and 2,022 MT for uPVC door and window profiles
Kaka Industries Risks
Limited operating and financial history
The company has a limited operating and financial history, which makes it difficult to accurately assess the future growth prospects
Intense competition
The company encounters competition from established competitors, which could hinder its ability to compete effectively. This may lead to reduced demand for its products and subsequently impact revenue negatively
IPO FAQs
The promoters of the company are Rajesh Dhirubhai Gondaliya, Bhavin Rajeshbhai Gondaliya, Rajeshkumar Dhirubhai Gondaliya (HUF), Rajesh Dhirubhai Gondaliya, Bhavin Rajeshbhai Gondaliya and Rajeshkumar Dhirubhai Gondaliya (HUF).
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 55.0 - 58.0.
The IPO application opens on Jul 10, 2023 and closes on Jul 12, 2023.
The minimum lot size for the IPO is 2000. The maximum lot size for the IPO is 2000.
For all category investors, the minimum application amount for this IPO is Rs. 116,000.0, the maximum value for this IPO is Rs 116,000.0.
This IPO will be allotted on Jul 17, 2023.
The refund will be credited to your account on Jul 18, 2023.
The allotted shares will be credited to your demat on Jul 19, 2023.
Kaka Industries Ltd.’s shares listed on the stock exchanges on Jul 19, 2023.