KHFM Hospitality & Facility Management Services was incorporated on January 27, 2006. The company is an integrated business services provider focused on providing integrated hospitality and facility management services. It provides a range of hospitality and facility management services including mechanized housekeeping, guesthouse management, pest control, gardening and security service, etc.
| Bidding Dates |
|---|
| 22 Mar 2019 - 04 Apr 2019 |
| Subscription |
|---|
| 1.34x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,08,000 | 1 | 1 | 3000 | 3.0 M | ₹36 | 69.59 % | ₹106.2 M | RHP DOC |
KHFM Hospitality IPO SUBSCRIPTION STATUS
04 Apr '19KHFM Hospitality IPO overall subscription rate was 1.34 times the total available shares
KHFM Hospitality IPO retail subscription rate was 1.48 times in the retail segment
KHFM Hospitality IPO non-institutional investor subscription rate was 1.34 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
03 Apr 2019 (Day 9) | 1.11x | 0.94x | - |
04 Apr 2019 (Day 10) | 1.48x | 1.34x | - |
28 Mar 2019 (Day 5) | 0.46x | 0.21x | - |
29 Mar 2019 (Day 6) | 0.48x | 0.25x | - |
01 Apr 2019 (Day 7) | 0.49x | 0.52x | - |
02 Apr 2019 (Day 8) | 0.69x | 0.59x | - |
25 Mar 2019 (Day 2) | 0.08x | 0.11x | - |
26 Mar 2019 (Day 3) | 0.2x | 0.15x | - |
27 Mar 2019 (Day 4) | 0.45x | 0.2x | - |
22 Mar 2019 (Day 1) | 0.01x | 0x | - |
KHFM Hospitality 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) |
| 6MFY19 | 13.8 | 377.4 | 6.0 | 4.8 |
| FY18 | 22.2 | 449.9 | 17.6 | 15.7 |
| FY17 | 18.1 | 447.9 | -4.0 | -4.4 |
| FY16 | 19.5 | 448.3 | -1.0 | -5.1 |
| FY15 | 21.0 | 459.7 | 43.8 | 43.6 |
| FY14 | 21.3 | 458.7 | 20.1 | 19.6 |
KHFM Hospitality IPO SUBSCRIPTION STATUS DETAILS
KHFM Hospitality had 3.0 M shares on offer
KHFM Hospitality IPO offer price was ₹36
KHFM Hospitality IPO minimum Investment was ₹108000
KHFM Hospitality IPO issue size was ₹ 106.2 M
KHFM Hospitality had a minimum lot size of 3000 Shares per application
KHFM Hospitality NUMBER OF SHARES ON OFFER
KHFM Hospitality IPO IMPORTANT DATES
| Issue Open Date | 22 Mar 2019 |
| Issue close Date | 04 Apr 2019 |
| Allotment Date | 08 Apr 2019 |
| Refund Date | 09 Apr 2019 |
| Demat Account Credit Date | 09 Apr 2019 |
| Listing Date | 12 Apr 2019 |
| Listing on Exchange(s) | NSE |
| KHFM Hospitality Allotment Status | Exchange |
KHFM Hospitality IPO subscription opened on 22 Mar 2019, and closed on 04 Apr 2019
IPO allotment for KHFM Hospitality was finalized on Monday, 08 Apr 2019
IPO listing for KHFM Hospitality was on NSE on Friday, 12 Apr 2019
KHFM Hospitality IPO LISTING GAINS
| Issue Price (adjusted) | 36.0 |
| Listing Open Price | 36.5 |
| Listing Close Price | 36.1 |
| Listing Gain% | 1.4% |
| Current Gain% | 37.2% |
KHFM Hospitality 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 % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| KHFM Hospitality & Facility Management Services Ltd. | 49.4 | 47.9 | 32.7 | -0.6 | 0.4 | 5.2 | 2.9 | 107.6 | 2.2 | 3.5 | 1.4 | 1.5 | -57.5 |
| Sagility Ltd. | 43.7 | 20443.4 | 20.6 | 0.4 | 2.7 | 9.6 | 7.3 | 7290.8 | 29.6 | 924.8 | 71.5 | 2.1 | 49.2 |
| International Gemological Institute Ltd. | 355.8 | 15376.2 | 25.2 | 1 | 11.3 | 47.8 | 38.3 | 1661.9 | 52.7 | 711.2 | 66.4 | 14.1 | 24.3 |
| Indiabulls Ltd. | 29.4 | 6855.8 | 16.4 | 0 | 6.2 | 8.9 | 6.6 | 880.8 | 172602 | 273.9 | 501.6 | 1.8 | 739.2 |
| SIS Ltd. | 435 | 6146.2 | 41.9 | 0.2 | 0.4 | 5.4 | 1.8 | 16030.1 | 20.9 | 137.8 | 1069.1 | 10.4 | 261.6 |
| eMudhra Ltd. | 538.8 | 4462.3 | 38.8 | 1.5 | 6 | 11.8 | 8.9 | 713.2 | 35.1 | 107.8 | 27.4 | 13.9 | 25.5 |
KHFM Hospitality INFORMATION ON IPO ISSUE
About KHFM Hospitality
KHFM Hospitality & Facility Management Services was incorporated on January 27, 2006. The company is an integrated business services provider focused on providing integrated hospitality and facility management services. It provides a range of hospitality and facility management services including mechanized housekeeping, guesthouse management, pest control, gardening and security service, etc.
Object of the Issue
- Meeting the additional working capital requirement
- General corporate purpose
KHFM Hospitality - PROMOTERS
| Name |
|---|
| Ravindra Hegde |
| Sujata Hegde |
KHFM Hospitality Lead Manager of the Issue
Bonanza Portfolio Limited
swati.agrawal@bonanzaonline.com
KHFM Hospitality Registrar to the Offer
Bigshare Services Private Limited
ipo@bigshareonline.com
KHFM Hospitality Strengths
Experienced team
The promoter Ravindra Malinga Hegde is a science graduate from Mumbai University and has attended training in facility management and pest management from the USA and has also attended training from Indian Grain Institute, Hapur in pest entomology.
Certified
The company has been certified with ISO 9001:2015, ISO 14001:2015, ISO 22000:2005 and OHSAS 18001:2007 certificates
Diverse portfolio
The diversified portfolio of services comprises of facility management, hospitality services and catering, horticulture and gardening, and security services which include mechanized house-keeping, pest control services, solid waste management, lawn development, green landscaping, guest house management, etc
KHFM Hospitality Risks
Legal proceedings
There are outstanding legal proceedings involving the company which may adversely affect the business, financial condition and results of operations
Dependent on few clients
A substantial portion of the revenues has been dependent upon a few clients. For the FY18, FY17, and FY16, the largest clients accounted for approximately 67.44%, 65.77% and 61.85%, respectively of revenues from operations
IPO FAQs
The promoters of the company are Ravindra Hegde and Sujata Hegde.
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 36.0 - 36.0.
The IPO application opens on Mar 22, 2019 and closes on Apr 04, 2019.
The minimum lot size for the IPO is 3000. The maximum lot size for the IPO is 3000.
For all category investors, the minimum application amount for this IPO is Rs. 108,000.0, the maximum value for this IPO is Rs 108,000.0.
This IPO will be allotted on Apr 08, 2019.
The refund will be credited to your account on Apr 09, 2019.
The allotted shares will be credited to your demat on Apr 09, 2019.
KHFM Hospitality & Facility Management Services Ltd.’s shares listed on the stock exchanges on Apr 12, 2019.