Kotyark Industries is engaged in the manufacturing of Biofuels. The company is focused on renewable green energy and sustainable development of renewable natural resources (Biofuels) through the adoption of environmentally friendly technology in vehicles for public and private transport as well as various equipment and Gen Sets.
| Bidding Dates |
|---|
| 21 Oct 2021 - 25 Oct 2021 |
| Subscription |
|---|
| 7.15x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,02,000 | 1 | 1 | 2000 | 2.2 M | ₹51 | 73.32 % | ₹112.6 M | RHP DOC |
Kotyark Industries IPO SUBSCRIPTION STATUS
25 Oct '21Kotyark Industries IPO overall subscription rate was 7.15 times the total available shares
Kotyark Industries IPO retail subscription rate was 10.7 times in the retail segment
Kotyark Industries IPO non-institutional investor subscription rate was 3.6 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
25 Oct 2021 (Day 3) | 10.7x | 3.6x | - |
21 Oct 2021 (Day 1) | 1.65x | 2.15x | - |
22 Oct 2021 (Day 2) | 3.59x | 2.3x | - |
Kotyark 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) |
| 4MFY22 | 5.2 | 280.7 | 14.9 | 13.3 |
| FY21 | 10.4 | 652.1 | 19.9 | 18.0 |
| FY20 | 4.9 | 257.5 | -99.4 | -105.8 |
| FY19 | 5.8 | 375.7 | 8.7 | 8.7 |
Kotyark Industries IPO SUBSCRIPTION STATUS DETAILS
Kotyark Industries had 2.2 M shares on offer
Kotyark Industries IPO offer price was ₹51
Kotyark Industries IPO minimum Investment was ₹102000
Kotyark Industries IPO issue size was ₹ 112.6 M
Kotyark Industries had a minimum lot size of 2000 Shares per application
Kotyark Industries NUMBER OF SHARES ON OFFER
Kotyark Industries IPO IMPORTANT DATES
| Issue Open Date | 21 Oct 2021 |
| Issue close Date | 25 Oct 2021 |
| Allotment Date | 28 Oct 2021 |
| Refund Date | 29 Oct 2021 |
| Demat Account Credit Date | 01 Nov 2021 |
| Listing Date | 02 Nov 2021 |
| Listing on Exchange(s) | BSE |
| Kotyark Industries Allotment Status | Exchange |
Kotyark Industries IPO subscription opened on 21 Oct 2021, and closed on 25 Oct 2021
IPO allotment for Kotyark Industries was finalized on Thursday, 28 Oct 2021
IPO listing for Kotyark Industries was on BSE on Tuesday, 02 Nov 2021
Kotyark Industries IPO LISTING GAINS
| Issue Price (adjusted) | 4.6 |
| Listing Open Price | 51.0 |
| Listing Close Price | 48.5 |
| Listing Gain% | 0.0% |
| Current Gain% | 776.7% |
Kotyark 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 % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Kotyark Industries Ltd. | 40.7 | 33.7 | 1.7 | 0 | 0.1 | 10.7 | 7.4 | 314.9 | 9 | 19.4 | 35 | 23.4 | 35 |
| GAIL (India) Ltd. | 173.6 | 114163.5 | 11.6 | -0.8 | 0.8 | 8.5 | 5.4 | 143107.9 | 0 | 7582.5 | -39.1 | 15 | -15.1 |
| Adani Total Gas Ltd. | 657.6 | 72318 | 114.4 | -47.5 | 11.5 | 13.5 | 6.9 | 5932.3 | 17.9 | 655.7 | 0.2 | 5.7 | -2.4 |
| Gujarat Energy Ltd. | 265.3 | 24891.3 | 24.3 | -2.3 | 1.5 | 9.1 | 6.1 | 24161.9 | 44.7 | 1677.6 | 46.1 | 10.9 | -10.6 |
| Indraprastha Gas Ltd. | 151.9 | 21271.6 | 13.7 | -1.4 | 1.3 | 13.5 | 9.1 | 16541.2 | 8.4 | 1549.6 | -9.8 | 11.1 | -9.8 |
| Va Tech Wabag Ltd. | 1957.7 | 12219.5 | 33 | 1.3 | 3.1 | 14.4 | 6 | 4038.5 | 21 | 370.5 | 25.5 | 59.4 | 25.5 |
Kotyark Industries INFORMATION ON IPO ISSUE
About Kotyark Industries
Kotyark Industries is engaged in the manufacturing of Biofuels. The company is focused on renewable green energy and sustainable development of renewable natural resources (Biofuels) through the adoption of environmentally friendly technology in vehicles for public and private transport as well as various equipment and Gen Sets.
Object of the Issue
1.To meet working capital requirement.
2.General Corporate Purpose.
3.To Meet the Issue Expenses.
Kotyark Industries - PROMOTERS
| Name |
|---|
| Gaurang Rameshchandra Shah |
Kotyark Industries Lead Manager to the Issue
Beeline Broking Limited
mb@beelinemb.com
Kotyark Industries Registrar to the Offer
Kfin Technologies Private Limited
kotyark.ipo@kfintech.com
Kotyark Industries Strengths
Customer satisfaction and revenues from long standing customer relationships
The company has long-standing relationships with its customers
Scalable Business Model
Business model is order driven, and comprises of optimum utilization of our existing resources
Cost effective production and timely fulfillment of orders
Company has taken various steps in order to ensure adherence to timely fulfillment and also to achieve greater cost efficiency.
Kotyark Industries Risks
Subject to government policies
Business is subject to government policies. Failure to comply with the applicable regulations prescribed by governments and regulatory agencies, could adversely affect the results of operations and financial condition
Outstanding legal proceedings
There are outstanding legal proceedings involving the Company and Director/Promoter
IPO FAQs
The promoter of the company is Gaurang Rameshchandra Shah.
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 51.0 - 51.0.
The IPO application opens on Oct 21, 2021 and closes on Oct 25, 2021.
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. 102,000.0, the maximum value for this IPO is Rs 102,000.0.
This IPO will be allotted on Oct 28, 2021.
The refund will be credited to your account on Oct 29, 2021.
The allotted shares will be credited to your demat on Nov 01, 2021.
Kotyark Industries Ltd.’s shares listed on the stock exchanges on Nov 02, 2021.