Business Standard

Kesar India Ltd - IPO

Issue Type

Fixed Price - SME

Issue Size (₹ Cr.)

15.82 cr

Price Range (₹)

170

Lot Size

800

Min Investment (₹)

1,36,000.00

Listing Exchange

BSE - SME

Open Date

30-Jun-2022

Close Date

04-Jul-2022

Listing Date

12-Jul-2022

Kesar India Ltd News

    The Shares of Kesar India Ltd have now been listed.

    Kesar India Ltd IPO Details

    Initial public issue of upto 930,400 equity shares of face value of Rs. 10.00/- each (Equity Shares) of Kesar India Limited (The Company or the Issuer) for cash at a price of Rs. 170 per equity share (the Issue Price), (including a premuim of Rs. 160 per equity share), aggregating Rs. 15.82 crores (The Issue), of which 47,200 equity shares of face value of Rs. 10.00/- for cash at a price of Rs. 170 each aggregating Rs .0.80 crores will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The issue less market maker reservation portion i.e. issue of 883,200 equity shares of face value of Rs. 10.00 each for cash at a price of Rs. 170 per equity share, aggregating to Rs. 15.01 crores is hereinafter referred to as the Net Issue. The issue and the net issue will constitute 26.35 % and 25.02 % respectively of the post issue paid up equity share capital of the company.The face value of the equity shares is Rs. 10.00 each and the issue price is Rs. 170.00/- per equity share.The Issue price is 17 times of the face value of the equity shares.

    Objective of issue

    To finance development expenses of the Project & upcoming Projects. Acquisition of land development right. General corporate purposes.

    Kesar India Ltd Contact Details

    Kesar India Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

    Phone - 91-40-67162222

    Fax - 91-40-23001153/23420814

    Email - cs@kesarlands.com

    Website - www.kesarlands.com