Kaka Industries IPO: Issue subscribed 19.2 times in day 1 so far; retail portion booked over 33x
₹21.23-crore worth Kaka Industries IPO commenced for subscription on Monday, July 10, and will conclude on Wednesday, 12 July. Also Read: Senco Gold IPO Share Allotment: What GMP signals The company produces polymer-based profiles for use in partitions, false ceilings, wall panelling, kitchen cabinets, doors, windows, and other interior and exterior works.
The price range for the public issue has been set by the company at ₹55 to ₹58 per equity share. It is an SME IPO consisting of fresh issue of 3,660,000 equity shares of the face value of ₹10 aggregating up to ₹21.23 crore. The lot size of the Kaka Industries IPO is 2,000 shares.
The basis of allotment of shares will be finalised on July 17 and the company will initiate refunds on July 18, while the shares will be credited to the demat account of allottees on July 19. Kaka Industries shares are likely to be listed on BSE SME on Thursday, July 20. Bigshare Services Pvt Ltd is the registrar for the IPO, and lead manager is Hem Securities Ltd.Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!
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