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Karnavati Finance IPO is a fixed price issue of Rs 2.58 crores.
Karnavati Finance IPO bidding started from January 19, 2015 and ended on January 21, 2015. The shares got listed on BSE SME on February 5, 2015.
Karnavati Finance IPO price is ₹10 per share. The minimum lot size for an application is 10000 Shares. The minimum amount of investment required by retail investors is ₹100,000.
Corporate Strategic Allianz Ltd is the book running lead manager of the Karnavati Finance IPO, while Satellite Corporate Services Private Limited is the registrar for the issue.
Refer to Karnavati Finance IPO DRHP for detailed information.
| IPO Date | January 19, 2015 to January 21, 2015 |
| Listing Date | February 5, 2015 |
| Face Value | ₹10 per share |
| Price | ₹10 per share |
| Lot Size | 10000 Shares |
| Total Issue Size | 2,580,000 shares (aggregating up to ₹2.58 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
Investors can bid for a minimum of 10000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 10000 | ₹100,000 |
| Retail (Max) | 2 | 20000 | ₹200,000 |
| Lot Size Calculator | |||
Incorporated in 1989, Karnavati Finance Ltd is a Non Deposit taking Loan Company (NBFC-ND-LC) engaged in the business of providing loans as per the requirement of customers and they are both secured and unsecured finance.
Thay are mainly involved in business loan and personal loan. Company's products are typically directed at Individuals and small and medium size entities. KFL's loan products are customized to the requirements of their borrowers, broadly classified as:
A. Business Loan
B. Personal finance
They provide finance for every unique requirement of businessmen, Micro, Small and Medium Enterprises (MSME) and promising entrepreneurs as well as Individual Personal Loans which doesn�t require any security and can be availed for any purpose like marriage, personal use, business working capital, expansion, etc.
The objects of this Issue are to raise funds to:
1. To augment capital base and provide fund requirements for increasing operational scale with respect to NBFC activities/Financing Operations;
2. Public Issue expenses.
[Dilip Davda]
Considering entry barrier, poor performance of the company as well as low preference by broking community for SME IPOs, this issue is not worth.
Read detail review...
| Listing Date | February 5, 2015 |
| BSE Script Code | 538928 |
| NSE Symbol | |
| ISIN | INE554R01012 |
| Final Issue Price | ₹10 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹10.00 |
| ₹10.60 |
| ₹10.10 |
| ₹10.60 |
| ₹10.10 |
Karnavati Finance Ltd
Unit No.2,
Sagar Deep Darshan Co Op Society Ltd,
S.V Road, Borivali (W), Mumbai
Phone: +91-0288-2663042
Email: karnavatifinance@gmail.com
Website: http://www.karnavatifinancelimited.in
Satellite Corporate Services Private Limited
Phone: +91-22- 28520461/462
Email: service@satellitecorporate.com
Website:
SME Company Owners
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Check our SME IPO Guide 
Karnavati Finance IPO is a SME IPO of 2,580,000 equity shares of the face value of ₹10 aggregating up to ₹2.58 Crores. The issue is priced at ₹10 per share. The minimum order quantity is 10000 Shares.
The IPO opens on January 19, 2015, and closes on January 21, 2015.
Satellite Corporate Services Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Karnavati Finance IPO opens on January 19, 2015 and closes on January 21, 2015.
Karnavati Finance IPO lot size is 10000 Shares, and the minimum amount required is ₹100,000.
You can apply in Karnavati Finance IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Karnavati Finance IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Karnavati Finance IPO allotment status.
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DRHP
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I want to understand OFS allotment procedure. Can any one tell me whether he had given bid price more than 358 in Coal India & what his allotment price was? I may tell you here that all retail investors got full allotment against their subscription