Kesar India was incorporated on November 05, 2003. The main objective of the company is to undertake real estate development & construction. It is primarily involved in the business of developing and constructing projects such as residential and commercial plotting, industrial buildings, colonies, mills and factory buildings, workshops buildings, etc.
| Bidding Dates |
|---|
| 30 Jun 2022 - 04 Jul 2022 |
| Subscription |
|---|
| 1.77x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,36,000 | 1 | 1 | 800 | 930.4 K | ₹170 | 73.65 % | ₹158.2 M | RHP DOC |
Kesar IPO SUBSCRIPTION STATUS
04 Jul '22Kesar IPO overall subscription rate was 1.77 times the total available shares
Kesar IPO retail subscription rate was 0.91 times in the retail segment
Kesar IPO non-institutional investor subscription rate was 2.62 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
04 Jul 2022 (Day 3) | 0.91x | 2.62x | - |
01 Jul 2022 (Day 2) | 0.3x | 1.23x | - |
30 Jun 2022 (Day 1) | 0.13x | 1.22x | - |
Kesar 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) |
| 9MFY22 | 32.45 | 63.46 | 28.08 | 27.71 |
| FY21 | 0.12 | 11.60 | 7.99 | -2.85 |
| FY20 | 0.37 | 4.83 | 2.38 | 2.38 |
| FY19 | 0.07 | 1.85 | 3.59 | 3.39 |
Kesar IPO SUBSCRIPTION STATUS DETAILS
Kesar had 930.4 K shares on offer
Kesar IPO offer price was ₹170
Kesar IPO minimum Investment was ₹136000
Kesar IPO issue size was ₹ 158.2 M
Kesar had a minimum lot size of 800 Shares per application
Kesar NUMBER OF SHARES ON OFFER
Kesar IPO IMPORTANT DATES
| Issue Open Date | 30 Jun 2022 |
| Issue close Date | 04 Jul 2022 |
| Allotment Date | 07 Jul 2022 |
| Refund Date | 08 Jul 2022 |
| Demat Account Credit Date | 11 Jul 2022 |
| Listing Date | 12 Jul 2022 |
| Listing on Exchange(s) | BSE |
| Kesar Allotment Status | Exchange |
Kesar IPO subscription opened on 30 Jun 2022, and closed on 04 Jul 2022
IPO allotment for Kesar was finalized on Thursday, 07 Jul 2022
IPO listing for Kesar was on BSE on Tuesday, 12 Jul 2022
Kesar IPO LISTING GAINS
| Issue Price (adjusted) | 24.3 |
| Listing Open Price | 172.5 |
| Listing Close Price | 174.0 |
| Listing Gain% | 1.5% |
| Current Gain% | 5046.1% |
Kesar 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 % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Kesar India Ltd. | 1250 | 441.3 | 116.6 | -1.4 | 9.6 | 12 | 6.8 | 179.5 | 63.4 | 30 | 55 | 10.7 | -80.5 |
| DLF Ltd. | 660 | 163370.6 | 36.7 | -42.5 | 24.2 | 9.7 | 5.9 | 9816 | 9.1 | 4414.7 | 1.1 | 18 | -0.9 |
| Lodha Developers Ltd. | 1213 | 121194.4 | 29.4 | 0.7 | 6.7 | 14.7 | 5.8 | 17119.5 | 20.8 | 3428.2 | 24 | 41.3 | 39.2 |
| Phoenix Mills Ltd. | 1935 | 69207.9 | 54.1 | 1.9 | 15.2 | 11.1 | 5.4 | 4593.6 | 15.9 | 1223.8 | 24.3 | 35.8 | 29 |
| Prestige Estates Projects Ltd. | 1589 | 68443 | 60.1 | 0.5 | 5.2 | 7.3 | 1.6 | 13195.5 | 70.6 | 1195.5 | 155.7 | 26.4 | 115.9 |
| Oberoi Realty Ltd. | 1793 | 65193.9 | 24.8 | 0.9 | 10.3 | 14 | 9.9 | 6304.3 | 15.2 | 2507.4 | 12.7 | 72.3 | 27.5 |
Kesar INFORMATION ON IPO ISSUE
About Kesar
Kesar India was incorporated on November 05, 2003. The main objective of the company is to undertake real estate development & construction. It is primarily involved in the business of developing and constructing projects such as residential and commercial plotting, industrial buildings, colonies, mills and factory buildings, workshops buildings, etc.
Object of the Issue
- To finance the development expenses of the company's projects and upcoming projects
- Acquisition of land or land development
- General corporate purposes
Kesar - PROMOTERS
| Name |
|---|
| Gopal Fatehchand Gupta |
Kesar Lead Manager of the Issue
FEDEX Securities Private Limited
mb@fedsec.in
Hem Securities Limited
ib@hemsecurities.com
Kesar Registrar to the issue
Kfin Technologies
kesarindia.ipo@kfintech.com
Kesar Strengths
Complete project management
Complete project management, from land acquisition to conceptualization and marketing
Experienced team
Experienced team of managers
Quality standards
Stringent quality standards and compliance
Kesar Risks
Legal proceedings
There are certain legal proceedings involving the company, directors, promoter, and group companies
Labour intensive
The company is labour intensive. Work stoppages, shortage of labour and other labour problems could adversely affect the business
Unsold projects
There are a significant amount of unsold units amongst the company's projects
IPO FAQs
Kesar India Ltd. IPO listing opened at Rs 172.50 while the issue price was Rs 170.00 giving 1.47% returns. After adjusting for subsequent bonus and splits, the stock trades at Rs 24.29 giving 5046.15% gains since its IPO listing.
The promoter of the company is Gopal Fatehchand Gupta.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 170.0 - 170.0.
The IPO application opens on Jun 30, 2022 and closes on Jul 04, 2022.
The minimum lot size for the IPO is 800. The maximum lot size for the IPO is 800.
For all category investors, the minimum application amount for this IPO is Rs. 136,000.0, the maximum value for this IPO is Rs 136,000.0.
This IPO will be allotted on Jul 07, 2022.
The refund will be credited to your account on Jul 08, 2022.
The allotted shares will be credited to your demat on Jul 11, 2022.
Kesar India Ltd.’s shares listed on the stock exchanges on Jul 12, 2022.