Kaka Industries Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Kaka Industries

CMP

181.70

+2.65 (1.48%)

₹58

Offer Price

₹ 21.23 Cr

Issue Size

₹ 1,16,000

Min Investment

2,000

Lot size

Time Line

  • 10
    Jul 2023
    Open
  • 12
    Jul 2023
    Close
  • 17
    Jul 2023
    Finalisation of Basis of Allotment
  • 18
    Jul 2023
    Initiation of Refunds
  • 19
    Jul 2023
    Transfer of Shares to Demat Account
  • 19
    Jul 2023
    Listing Date

Shares Offered

Number of Times Subscribed

Objects of the Offer

  • Strengthen its brand image.

  • Setup of new integrated manufacturing facility.

  • Expand its domestic presence in existing and new markets.

  • Focus on consistently meeting quality standards.

  • Maintaining cordial relationship with its Suppliers, Customer and employees.

Products & Services

  • The Company is a PVC profile brand, focused primarily on manufacturing of polymer-based profiles.

Strengths

  • Extensive network of dealers covering major parts of India.

  • Wide Range of Products.

  • Stringent quality control mechanism ensuring standardized product quality.

  • In-house Manufacturing capabilities.

  • Synergy of young and experienced management team with a committed employee base.

Risks

  • The company has a limited operating and financial history, which makes it difficult to accurately assess its future growth prospects. Further, the company restated financial statements for Fiscal 2020 (June 21, 2019 to March 31, 2020) and Fiscal 2021 and 2022 are not comparable due to the Company`s formation in June 2019.

  • The company operate in a price sensitive industry wherein the purchasing decisions of consumers are highly influenced by the product price. Its inability to continue to offer the compay products at competitive prices may adversely affect its business, results of operations and financial condition.

  • The company face competition, including from other large and established competitors, and its may fail to compete successfully against existing or new competitors, which may reduce the demand for the company Products which may lead to reduced prices, operating margins, profits and further result in decline in revenue.

  • The company face competition from substitutes of its products and if consumers` preferences for any of these substitutes increases it could lead to a reduction in the demand for the company products, which could have a material adverse effect on its business, financial condition and results of operations.

  • Majority of the company revenue is dependent on single business segment i.e. polymer based profiles. An inability to anticipate or adapt to evolving upgradation of these products or inability to ensure product quality or reduction in the demand of these products may adversely impact the company revenue from operations and growth prospects.

Company Promoters

Promoters Holding

Issue For IPO
15.47%
Pre Holding

57.72%

Post Holding

42.25%

Top Promoters Holding

Financials

All values in Cr

Mar-2023 Mar-2023 Mar-2023 3-Yr trend
Revenue 7.19 (-) 158.50 (-) 36.72 (-)
Gross Profit 7.19 (-) 158.50 (-) 36.72 (-)
Net Income 7.19 (-) 158.50 (-) 36.72 (-)
Assets 7.19 (-) 158.50 (-) 36.72 (-)
Liabilities 7.19 (-) 158.50 (-) 36.72 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Kaka Industries Ltd 158.50 7.19 59.96 40.39 36.72 7.18 19.57 5.95 0.67
Dhabriya Polywood Ltd 171.17 8.49 145.31 145.31 12.33 7.84 63.60 5.84 0.83
Sintex Plastics Technology Ltd 3.13 -564.60 2.43 2.43 0.00 -8.88 -3.53 -23,234.56 -0.63

Book Running Managers

  • Hem Securities Ltd

Registrar & Transfer Agent

Bigshare Services Pvt Ltd

Office No 56-2,
Pinnacle Busine.Park,
Mahakali Caves Road - Mumbai - 400093
Phone : 91-22-62638200 Fax: 91-22-63638299

Company Contact Information

No.67 Bhagwati Nagar Opp Nilka,
-nth Arcade Opp Kathwada GIDC,
Ahmedabad - 382415
Phone : +91-80004-46524 Email : investors@kakaprofile.com www.kakaprofile.com

Offer Related Information

Initial public offer of upto 36,60,000* equity shares of face value of Rs. 10/- each (the "Equity Shares") of Kaka Industries Limited ("The Company" or "KIL" or "The Issuer") at an issue price of Rs. 58/- per equity share for cash, aggregating up to Rs. 21.23 crores ("Public Issue") out of which 1,92,000 equity shares of face value of Rs. 10 each, at an issue price of Rs. 58 per equity share for cash, aggregating Rs. 1.11 crores will be reserved for subscription by the market maker to the... More

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