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Kavita Fabrics Ltd IPO (Kavita Fabrics IPO) Detail

February 20, 2013 - February 22, 2013

Kavita Fabrics IPO is a fixed price issue of Rs 5.10 crores.

Kavita Fabrics IPO bidding started from February 20, 2013 and ended on February 22, 2013. The shares got listed on BSE SME on March 12, 2013.

Kavita Fabrics IPO price is ₹40 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹120,000.

Intensive Fiscal Services Private Limited is the book running lead manager of the Kavita Fabrics IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

Refer to Kavita Fabrics IPO RHP for detailed information.

Kavita Fabrics IPO Details

IPO Date February 20, 2013 to February 22, 2013
Listing Date March 12, 2013
Face Value ₹10 per share
Price ₹40 per share
Lot Size 3000 Shares
Total Issue Size1,275,000 shares
(aggregating up to ₹5.10 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Share holding pre issue2,197,902
Share holding post issue3,472,902
Market Maker portion207,000 shares

Kavita Fabrics IPO Lot Size

Investors can bid for a minimum of 3000 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 3000 ₹120,000
Retail (Max) 1 3000 ₹120,000
Lot Size Calculator

Kavita Fabrics IPO Promoter Holding

The following are the Promoters of the Company:

1. Mr. Harish Chandak
2. Mr. Shailesh Chandak
3. Mrs. Sarika Chandak
4. Mrs. Sudha Chandak

Share Holding Pre Issue 56.78%
Share Holding Post Issue 35.93%

About Kavita Fabrics Ltd

Incorporated in 2005, Kavita Fabrics Ltd is in the business of manufacturing synthetic fabrics from man-made yarns by using weaving technology. Based in Surat (Gujarat), Company manufactures synthetic fabrics in the form of semi-finished sarees and dress materials. They comes in various designs as per customer requirements and further processed by their customers before selling to the end-users.

The main raw material for their product is man-made yarn, which is acquired from several local suppliers. Company owns 36 jacquard power looms to undertake the weaving of the synthetic fabrics from man-made yarns.

Key Performance Indicator

Objects of the Issue (Kavita Fabrics IPO Objectives)

The object of the issue are to:

1. To meet long-term working capital requirement;
2. To meet General Corporate expenses;
3. To meet Public Issue Expenses.

Kavita Fabrics IPO Review (Avoid)

[Dilip Davda]  

As for lead manager's track record, it managed 3 IPOs out of which, 1 failed to give listing gains on debut day. However, considering the aggressive pricing of the IPO, better give it a miss.

Read detail review...

Kavita Fabrics IPO Prospectus

Kavita Fabrics IPO Rating

Rating:Rated 2.4 stars
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Kavita Fabrics IPO Listing Details

Listing Date March 12, 2013
BSE Script Code 535136
NSE Symbol
ISIN INE149O01018
Final Issue Price ₹40 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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Kavita Fabrics Ltd Contact Details

Kavita Fabrics Ltd
105, Balaji Industrial Society - 1,
Udhna Magdalla Road,
Surat � 395007, Gujarat, India
Phone: +91�261�3018759

Kavita Fabrics IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Kavita Fabrics IPO - Buy or Not

Kavita Fabrics IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 2
Members 0 0 0

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Kavita Fabrics IPO FAQs

Kavita Fabrics IPO is a SME IPO of 1,275,000 equity shares of the face value of ₹10 aggregating up to ₹5.10 Crores. The issue is priced at ₹40 per share. The minimum order quantity is 3000 Shares.

The IPO opens on February 20, 2013, and closes on February 22, 2013.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

The Kavita Fabrics IPO opens on February 20, 2013 and closes on February 22, 2013.

Kavita Fabrics IPO lot size is 3000 Shares, and the minimum amount required is ₹120,000.

You can apply in Kavita Fabrics 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 Kavita Fabrics IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Kavita Fabrics IPO allotment status.

The Kavita Fabrics IPO listing date is on March 12, 2013.
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Kavita Fabrics IPO Message Board

Ranked Members of Forum  Ranked Members | Members with Most Likes



5. Rahul Saxena |   Link |  Bookmark |April 24, 2013 11:49:00 AM
good work
4. Neeta Khilnani |   Link |  Bookmark |February 21, 2013 4:11:38 PM
Given the company''s small size, RoE of 2-4%, concerns on the objects of the issue and related party transactions and a PE multiple of 32x, the issue is extremely expensive and avoidable.
3. Balaraj |   Link |  Bookmark |February 20, 2013 1:04:00 PM
Its nothing wrong in checking this link before investing here.
2. gundu anna |   Link |  Bookmark |February 17, 2013 6:56:26 PM (500+ Posts, 100+ Likes)
1. Dilip Davda |   Link |  Bookmark |February 14, 2013 6:58:37 PM
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
We have yet another BSE SME IPO before this that is of Sunstar Realty for Rs. 10.62 crore at a price of Rs. 20 per share. It is highly priced and not worth

Dilip Davda
SEBI registered Research Analyst

Read my IPO Reviews