Kesar India Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 441,600 (47%) | — | ₹751 Cr |
| Retail | — | 441,600 (47%) | — | ₹751 Cr |
| Market Maker | — | 47,200 (5%) | — | ₹8 Cr |
| Σ Total | — | 930,400 (100%) | — | ₹15,817 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 | 800 | ₹136,000 |
| Retail (Max) | 13 | 10,400 | ₹1,768,000 |
| S-HNI (Min) | 14 | 11,200 | ₹1,904,000 |
| B-HNI (Min) | 67 | 53,600 | ₹9,112,000 |
Financial Statements Amount in Lakhs
| Metric | 31-Mar-19 | 31-Mar-20 | 31-Mar-21 |
|---|---|---|---|
| Revenue | 19 | 58 | 120 |
| Profit After Tax | 1 | 4 | 1 |
| Net Worth | -86 | -82 | -81 |
| Total Assets | 220 | 243 | 375 |
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
- To finance development Expenses of our Projects & upcoming Projects. –
- Acquisition of land or land development right; and –
- General corporate purposes. –
Company Overview
Kesar India Limited is engaged in the business of developing and constructing residential and commercial projects, industrial buildings, factory buildings, workshop buildings, etc. All the projects are marketed under the brand name, "Kesar Lands".
As of December 31, 2021, it has a total land reserve of 123.70 lakh square feet. It has successfully completed many projects such as Kesar Vihar, Kesar Shree, Kesar Garden, and Kesar Signature projects. Kesar Gateway is its ongoing project while Kesar Forest, Kesar Exotica, Kesar Tower, Kesar Hills, and Kesar Imperial are some of the upcoming projects.
Competitive strengths
- Complete project management from land acquisition to conceptualization and marketing.
- Experienced team of managers.
- Stringent quality standards and compliance.