Karnavati Finance Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 1,220,000 (47%) | — | ₹122 Cr |
| Retail | — | 1,220,000 (47%) | — | ₹122 Cr |
| Market Maker | — | 140,000 (5%) | — | ₹1 Cr |
| Σ Total | — | 2,580,000 (100%) | — | ₹2,580 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 10,000 | ₹100,000 |
| Retail (Max) | 13 | 130,000 | ₹1,300,000 |
| S-HNI (Min) | 14 | 140,000 | ₹1,400,000 |
| B-HNI (Min) | 67 | 670,000 | ₹6,700,000 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 To augment the capital base and provide for the fund requirements for increasing the NBFC activities/Financing Operations. – 2.06
- 2 Public Issue Expenses – 0.52
Company Overview
Incorporated in 1989, Karnavati Finance Ltd is a Non Deposit taking Loan Company (NBFC-ND-LC) engaged in the business of providing loans as per the requirement of customers and they are both secured and unsecured finance.
Thay are mainly involved in business loan and personal loan. Company's products are typically directed at Individuals and small and medium size entities. KFL's loan products are customized to the requirements of their borrowers, broadly classified as:
A. Business Loan
B. Personal finance
They provide finance for every unique requirement of businessmen, Micro, Small and Medium Enterprises (MSME) and promising entrepreneurs as well as Individual Personal Loans which doesn‘t require any security and can be availed for any purpose like marriage, personal use, business working capital, expansion, etc.