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Karnavati Finance Ltd IPO (Karnavati Finance IPO) Detail

Jan 19, 2015 - Jan 21, 2015

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.

Company Promoters:

The promoters of the company are:

1. Mr. Raman Morzaria
2. Mr. Jay Morzaria

Objects of the Issue:

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.

Karnavati Finance IPO Details

IPO Opening Date Jan 19, 2015
IPO Closing Date Jan 21, 2015
Issue Type Fixed Price Issue IPO
Face Value ₹10 per equity share
IPO Price ₹10 per equity share
Market Lot 10000 Shares
Min Order Quantity 10000 Shares
Listing At BSE SME
Issue Size2,580,000 Eq Shares of ₹10
(aggregating up to ₹2.58 Cr)

Karnavati Finance IPO Lot Size

The Karnavati Finance IPO market lot size is 10000 shares. A retail-individual investor can apply for up to 2 lots (20000 shares or ₹200,000).

Application Lots Shares Amount (Cut-off)
Minimum 1 10000 ₹100,000
Maximum 2 20000 ₹200,000

Karnavati Finance IPO Prospectus

Karnavati Finance IPO Rating

20
3.0
Rating:Rated 3.0 stars
Vote Here ...

Karnavati Finance IPO Listing Date

Listing Date Thursday, February 5, 2015
BSE Script Code 538928
NSE Symbol
Listing In MT Group of Securities
ISIN INE554R01012
IPO Price ₹10 per equity share
Face Value ₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹10.00
₹10.60
₹10.10
₹10.60
₹10.10

Company Contact Information

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

Karnavati Finance IPO Registrar

Satellite Corporate Services Private Limited

Phone: +91-22- 28520461/462
Email: service@satellitecorporate.com
Website: http://www.satellitecorporate.com

Karnavati Finance IPO Reviews / Ratings

Karnavati Finance IPO FAQs

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 equity share. The minimum order quantity is 10000 Shares.

The IPO opens on Jan 19, 2015, and closes on Jan 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 Jan 19, 2015 and closes on Jan 21, 2015.

Karnavati Finance IPO lot size is 10000 Shares and the minimum order quantity is 10000 Shares.

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, Edelweiss, 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.

The Karnavati Finance IPO listing date is on Thursday, February 5, 2015.

Karnavati Finance IPO Message Board

Ranked Members  Ranked Members

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6. CLD |Feb 10, 2015 19:39
IPO Mentor IPO Mentor (500+ Posts, 100+ Likes)
My following query still remains unanswered. It is not possible that no one had applied. Shares worth 6,000 crores were bought by retail investors in Coal India OFS. Please reply for future guidance.
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
5. CLD |Feb 6, 2015 10:48
IPO Mentor IPO Mentor (500+ Posts, 100+ Likes)
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
4. Carn Mohan |Feb 5, 2015 20:07
IPO Mentor IPO Mentor (700+ Posts, 200+ Likes)
my bid price rs. 358/ and allotted 540 shares at rs. 340.10
3. Carn Mohan |Feb 5, 2015 18:24
IPO Mentor IPO Mentor (700+ Posts, 200+ Likes)
sold today coal India OFS shares and earn rs. 16000/
3.1. CLD |Feb 5, 2015 19:11
IPO Mentor IPO Mentor (500+ Posts, 100+ Likes)
Sh. Mohan ji

I have got a doubt in my mind regarding this OFS. The indicative price of OFS in the afternoon was Rs. 362. Investors were applying at different price points. Even I have found bids at Rs. 400. Unlike IPOs the allotment price for retailers is not given. Is it that shares are alloted on the bid price given by retailer. What bid price you had given & what price you got the allotment? I had given a bid price of Rs. 358 & I was alloted shares at Rs. 340.10
3.2. santonu |Feb 6, 2015 10:06
Top Contributor Top Contributor (200+ Posts)
As retail portion was not fully subscribed you got your allotment even your bid price is below the indicative price. If retail portion was fully subscribed, you could have nil allotment
2. Carn Mohan |Jan 29, 2015 19:19
IPO Mentor IPO Mentor (700+ Posts, 200+ Likes)
Coal India ofs rate rs. 358/ and 5% discount to retail investor very good.
2.1. DURAISWAMY |Feb 4, 2015 16:25
I applied for one lakh only.
1. ABHISHEK SABARMATI |Jan 19, 2015 10:30
registar & leadmanager ncml wala hi he
flope ipo