SME IPO: Kaka Industries issue to open on July 10. Here are 10 things to know about the offer

economictimes.indiatimes.com:

IPO) of Kaka Industries will open for public subscription on July 7. The issue closes on July 11.

Here are 10 things to know about the offer.1) Company overview Kaka Industries is primarily focused on manufacturing polymer-based profiles which find application in doors, windows, partitions, false ceilings, wall paneling, kitchen cabinets, and other interior works. Its product portfolio has over 1200 SKU’s covering PVC Profile, uPVC door and window profile, WPC Profile, and sheets in various sizes, specifications, and colours.2) Industry overview The plastics industry is currently home to about 50,000 industries, most of which are MSMEs.

These enterprises contribute Rs 3.5 lakh crore ($42.89 billion) to India's economy and employ more than 50,000 people.3) Issue size The IPO is entirely a fresh equity issue of up to 36.6 lakh equity shares, aggregating up to Rs 23.3 crore.4) Price band The company will offer its shares at a price band of Rs 55-58 apiece, and investors can bid for 2,000 shares in 1 lot.5) Financial performance For the year ending March 2023, the company has recorded revenues of Rs 158 crore and net profit of Rs 7.18 crore.6) Objects of the offer The net proceeds from the public offer will be used for working capital requirements, repayment of debt, and other general corporate purposes.7) Booking running lead managers Hem Securities is acting as the lead manager of the issue, while Bigshare Services is the registrar.8) Issue structure About 45% of the offer is reserved for qualified institutional buyers, 14% for non-institutional investors, and the rest 31% for retail investors.9) Important dates The IPO opens on July 10 and closes on July 12. The final allotment will be made on July 17.