Kaka Industries Limited will be offering equity shares through a book built issue as part of their upcoming Initial Public Offering (IPO). The IPO is scheduled to take place from July 10 to July 12, 2023. The issue price for each share is set in the range of ₹55 to ₹58. Interested investors can place a minimum order quantity of 2000 shares.
With a face value of Rs. 10, the IPO will include the sale of 3,660,000 shares. This offering has the potential to generate up to ₹21.23 crore in funds for Kaka Industries Limited. Let’s learn more about their initial public offering scheduled for July of 2023.
About Kaka Industries Limited
Kaka Industries Limited, established in 2019, crafts innovative polymer profiles for diverse interior and exterior applications like doors, windows, ceilings, and more. Their extensive range includes over 1200 SKUs, offering PVC, uPVC, and WPC profiles and sheets in various sizes, colors, and specifications. By substituting wood-based products, except for WPC, they contribute to the preservation of trees. With three manufacturing units in Gujarat, Kaka Industries has an impressive production capacity. Their distribution network encompasses depots in Telangana, Uttar Pradesh, and Gujarat.
Kaka Industries Limited IPO Issue Details
| Issue Type | Book Built IPO Issue |
| Issue Opens | 10th July 2023 |
| Issue Closes | 12th July 2023 |
| Face Value | Rs 10 Per Share |
| Issue Price | Rs 55 to Rs 58 Per Share |
| Issue Size | 3,660,000 Shares (Rs 21.23 crores) |
| Minimum Order Quantity | 2000 Shares |
| Listing | BSE, SME |
Purpose of the Issue
The Company’s proposed utilization of funds includes:
- To meet Working Capital needs.
- Repayment and/or pre-payment, in full or part, of certain borrowings availed by the company.
- General corporate purpose.
- To meet issue expenses.
Kaka Industries Limited — Company Contact Details
- Registered & Corporate Office: Plot No. 67, Bhagwati Nagar, Opp Nilkanth Arcade, Opp. Kathwada GIDC, Kuha-Kanbha Road Ahmedabad -382415
- Telephone: +91-80004-46524
- Website: https://kakaprofile.com/
Kaka Industries Limited IPO – Lead Managers of the Issue
Hem Securities Limited
- Office Address: 904, A wing, 9th Floor, Naman Midtown, Senapati bapat marg, Elphinstone road, Lower Parel, Mumbai 400 013
- Telephone: +91 22 49060000
- Email: ipoinfo@hemonline.com
Kaka Industries Limited IPO – Registrar of the Issue
Bigshare Services Pvt Ltd
- Telephone: +91-22-6263 8200
- Email: ipo@bigshareonline.com
- Website: https://www.bigshareonline.com/
Kaka Industries Limited IPO Issue Prospectus
Click here to read the Final Prospectus of this IPO Issue.
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