Kesar India Limited

Company Profile
Company Name Kesar India Limited
Open Date 30-06-2022
Close Date 04-07-2022
Exchange BSE SME
Lot Size 800 Shares
Issue Price ₹ 170 per share
Issue Size 9,30,400 Equity Shares
Application Amount ₹ 1,36,000
Recommendation Avoid
Kesar India Limited was incorporated in the year 2003 as Kesar India Private Limited. It has been engaged in the real estate sector and has been in the business of real estate development and construction. It primarily deals in the business of developing and constructing of projects such as Residential and Commercial Plotting; Residential, Commmercial and Industrial buildings, colonies, mills & factory buildings, workshops buildings etc.
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Summary of Financials (All financials in Lakh)

For the Period Ended Dec-21 Mar-21 Mar-20
Total Assets 818.31 374.72 243.20
Net Assets 246.25 -78.36 -79.55
Total Borrowings 238.49 264.40 198.39
Total Revenue 695.50 119.71 57.70
Profit After Tax 324.49 1.19 3.73

Tentative Timeline

Opening Date 30-06-2022
Closing Date 04-07-2022
Basis of Allotment 07-07-2022
Initiation of Refunds 08-07-2022
Credit of Shares to Demat 11-07-2022
Listing Date 12-07-2022

Objects of the Issue

To finance development Expenses of our Projects & upcoming Projects
Acquisition of land or land development right
General corporate purposes

Contact Information

Registered Office Kesar India Limited Flat No. F-101 Jagat Plaza Amravati Road, Nagpur, 440010
Phone 1800-123-0854

Registrar Details

Name Kfin Technologies Limited
Phone 04067162222, 04079611000

IPO Reservation

Anchor Investor Shares Offered -
Market Maker Shares Offered 47,200 (5.07%)
Other Shares Offered 4,41,600 (47.46%)
Retail Shares Offered 4,41,600 (47.46%)
Total Shares Offered 930,400 (100%)

Shareholding Pattern

Pre Issue Share Holding (Promoters) 100%
Post Issue Share Holding (Promoters) 73.65%

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