Kesar India Limited

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
Email	cs@kesarlands.com
Website	https://www.kesarlands.com/

Offer Documents

Kesar India Limited DRHP

Kesar India Limited RHP

Registrar Details

Name	Kfin Technologies Limited
Phone	04067162222, 04079611000
Email	kesarindia.ipo@kfintech.com
Website	https://kosmic.kfintech.com/ipostatus/

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%