Karnimata Cold Storage Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 639,000 (47%) | — | ₹128 Cr |
| Retail | — | 639,000 (47%) | — | ₹128 Cr |
| Market Maker | — | 78,000 (6%) | — | ₹2 Cr |
| Σ Total | — | 1,356,000 (100%) | — | ₹2,712 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 | 6,000 | ₹120,000 |
| Retail (Max) | 13 | 78,000 | ₹1,560,000 |
| S-HNI (Min) | 14 | 84,000 | ₹1,680,000 |
| B-HNI (Min) | 67 | 402,000 | ₹8,040,000 |
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 Augment the capital base for providing of Seasonal Loans to farmers/traders – 5.16
- 2 Issue related Expenses – 0.40
- 3 General Corporate Purposes – 0.05
Company Overview
Incorporated in 2011, Karnimata Cold Storage Ltd is engaged in the business of cold storage and trading of agricultural commodities currently specializing in potatoes. They have set up and made operational first cold storage unit in Medinipur District, West Bengal having an installed capacity of 1,81,000 quintals for preservation of potatoes.
Company provides cold storage facility to local farmers and traders on rental basis. There are around 70-80 cold storages operating in West Medinipur for storage of potato. The company has licensed storage capacity of 1,81,000 quintals which shall be increased by addition in the financial year 2013 – 14 by addition of further capacity for storage of 75,000 quintals of potatoes.