Kaka Industries IPO: Check key dates, price band, among 10 things to know
Synoptics Technologies Limited IPO: GMP jumps as SME issue gets fully subscribed The ₹21.23-crore worth Kaka Industries IPO will remain open till Wednesday, 12 July and the company has already announced its price band. Here are the 10 key things to know about Kaka Industries IPO. Kaka Industries IPO Dates: The IPO opens on Monday, July 10, and closes on Wednesday, July 12.
Price Band: The price range for the proposed initial public offering has been set by the company at ₹55 to ₹58 per equity share. Issue Details and Size: Its an SME IPO of consisting of fresh issue of 3,660,000 equity shares of the face value of ₹10 aggregating up to ₹21.23 crores. There is no Offer for Sale (OFS) component.
Lot Size: 2,000 shares make up the Kaka Industries IPO lot size. Allotment and Listing: The basis of allotment of shares will be finalised on Monday, July 17 and the company will initiate refunds on Tuesday, July 18, while the shares will be credited to the demat account of allottees on Wednesday, July 19. Kaka Industries shares are likely to be listed on BSE SME on Thursday, July 20.
Lead Manager and Registrar: Bigshare Services Pvt Ltd is the registrar for the IPO, and lead manager is Hem Securities Ltd. Promoter Shareholding: After the IPO, the promoter stake in Kaka Industries is expected to come down to 69.78% from 95.32% at present. The promoters of the company are Rajesh Dhirubhai Gondaliya, Bhavin Rajeshbhai Gondaliya, and Rajeshkumar Dhirubhai Gondaliya (HUF).
Read more on livemint.com
