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Kesar India Limited IPO (Kesar India IPO) Detail

June 30, 2022 - July 4, 2022

Kesar India IPO is a fixed price issue of Rs 15.82 crores. The issue is entirely a fresh issue of 9.3 lakh shares.

Kesar India IPO bidding started from June 30, 2022 and ended on July 4, 2022. The allotment for Kesar India IPO was finalized on Thursday, July 7, 2022. The shares got listed on BSE SME on July 12, 2022.

Kesar India IPO price is ₹170 per share. The minimum lot size for an application is 800 Shares. The minimum amount of investment required by retail investors is ₹136,000. The minimum lot size investment for HNI is 2 lots (1,600 shares) amounting to ₹272,000.

Hem Securities Limited and Fedex Securities Pvt Ltd are the book running lead managers of the Kesar India IPO, while Kfin Technologies Limited is the registrar for the issue.

Refer to Kesar India IPO RHP for detailed information.

Kesar India IPO Details

IPO Date June 30, 2022 to July 4, 2022
Listing Date July 12, 2022
Face Value ₹10 per share
Price ₹170 per share
Lot Size 800 Shares
Total Issue Size930,400 shares
(aggregating up to ₹15.82 Cr)
Fresh Issue930,400 shares
(aggregating up to ₹15.82 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Market Maker portion47,200 shares

Kesar India IPO Reservation

Kesar India IPO offers 930,400 shares. 441,600 (47.46%) to NII, 441,600 (47.46%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered47,200 (5.07%)
Other Shares Offered441,600 (47.46%)
Retail Shares Offered441,600 (47.46%)
Total Shares Offered930,400 (100%)

Kesar India IPO Timeline (Tentative Schedule)

Kesar India IPO opens on June 30, 2022, and closes on July 4, 2022.

IPO Open Date Thursday, June 30, 2022
IPO Close Date Monday, July 4, 2022
Basis of Allotment Thursday, July 7, 2022
Initiation of Refunds Friday, July 8, 2022
Credit of Shares to Demat Monday, July 11, 2022
Listing Date Tuesday, July 12, 2022
Cut-off time for UPI mandate confirmation 5 PM on July 4, 2022

Kesar India IPO Lot Size

Investors can bid for a minimum of 800 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) 1 800 ₹136,000
Retail (Max) 1 800 ₹136,000
HNI (Min) 2 1,600 ₹272,000
Lot Size Calculator

Kesar India IPO Promoter Holding

Mr. Gopal Fatehchand Gupta is the company promoter.

Share Holding Pre Issue 100%
Share Holding Post Issue 73.65%

About Kesar India Limited

Kesar India Limited is engaged in the business of developing and constructing residential and commercial projects, industrial buildings, factory buildings, workshop buildings, etc. All the projects are marketed under the brand name, "Kesar Lands".

As of December 31, 2021, it has a total land reserve of 123.70 lakh square feet. It has successfully completed many projects such as Kesar Vihar, Kesar Shree, Kesar Garden, and Kesar Signature projects. Kesar Gateway is its ongoing project while Kesar Forest, Kesar Exotica, Kesar Tower, Kesar Hills, and Kesar Imperial are some of the upcoming projects.

Competitive strengths

  • Complete project management from land acquisition to conceptualization and marketing.
  • Experienced team of managers.
  • Stringent quality standards and compliance.

Company Financials

Kesar India Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet Worth
Amount in ₹ Lakhs

Key Performance Indicator

Kesar India IPO Market Cap is Rs 60.02 Cr and P/E (x) is 13.87.

KPI Values
P/E (x)13.87
Market Cap (₹ Cr.)60.02

Objects of the Issue (Kesar India IPO Objectives)

The company aims to utilize the net proceeds for the following purposes;

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

Kesar India IPO Review (Avoid)

[Dilip Davda]  The company is in a highly competitive and fragmented realty segment. After posting minuscule performance till FY21, it reported bumper results that raise eyebrows. Based on this super performance, the issue is fully priced. Small equity base post IPO indicates longer gestation for migration to the mainboard. Investors may skip this fully priced IPO. Read detail review...

Kesar India IPO Subscription Status (Bidding Detail)

The Kesar India IPO is subscribed 1.77 times on July 4, 2022 6:25:00 PM. The public issue subscribed 0.91 times in the retail category, times in the QIB category, and 2.62 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Kesar India IPO Prospectus

Kesar India IPO Rating

Rating:Rated 3.8 stars
Vote Here ...

Kesar India IPO Listing Details

Listing Date July 12, 2022
BSE Script Code 543542
NSE Symbol
Final Issue Price ₹170 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

Check IPO Performance…

Kesar India Limited Contact Details

Kesar India Limited
Flat No. F-101 Jagat Plaza Amravati Road,
Nagpur, 440010

Phone: 1800-123-0854

Kesar India IPO Registrar

Kfin Technologies Limited

Phone: 04067162222, 04079611000

Kesar India IPO - Buy or Not

Kesar India IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 1
Members 1 0 1

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Kesar India IPO FAQs

Kesar India IPO is a SME IPO of 930,400 equity shares of the face value of ₹10 aggregating up to ₹15.82 Crores. The issue is priced at ₹170 per share. The minimum order quantity is 800 Shares.

The IPO opens on June 30, 2022, and closes on July 4, 2022.

Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Zerodha customers can apply online in Kesar India IPO using UPI as a payment gateway. Zerodha customers can apply in Kesar India IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Kesar India IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Kesar India IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Kesar India IPO opens on June 30, 2022 and closes on July 4, 2022.

Kesar India IPO lot size is 800 Shares, and the minimum amount required is ₹136,000.

You can apply in Kesar India 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 Kesar India IPO will be done on Thursday, July 7, 2022, and the allotted shares will be credited to your demat account by Monday, July 11, 2022. Check the Kesar India IPO allotment status.

The Kesar India IPO listing date is on July 12, 2022.
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Kesar India IPO Message Board

Ranked Members of Forum  Ranked Members | Most Liked Members



14. lucky boy |   Link |August 17, 2022 5:41:32 PM
IPO Mentor IPO Mentor (1000+ Posts, 300+ Likes)
Kotak-Idfc wale jaago grahak jaago....
i applyed 2 retail lots....
13. lucky boy |   Link |August 17, 2022 5:20:55 PM
IPO Mentor IPO Mentor (1000+ Posts, 300+ Likes)
KOTAK-IDFC jago gharah jaago..............
appplyed 2 application
12. Dinesh Singh |   Link |July 12, 2022 12:53:01 PM
IPO Guru IPO Guru (1300+ Posts, 500+ Likes)
Sold 2 lot @ 174.80
11. Hostpacker |   Link |July 12, 2022 10:05:29 AM
Bumper posting expected as LM is hem.
11.4. Hostpacker |   Link |July 12, 2022 11:11:03 AM
It will locked UC in next few minutes
11.5. KAPPO |   Link |July 12, 2022 11:13:52 AM
IPO Guru IPO Guru (1100+ Posts, 700+ Likes)
10. Ravu |   Link |July 12, 2022 10:45:20 AM
IPO Mentor IPO Mentor (700+ Posts, 400+ Likes)
Listing is same as mangalam
9. IPO Gyaaan |   Link |July 8, 2022 6:08:36 PM (200+ Posts)
Allotment is out kfintech.
8. 🎯 Big Bull 🎯 |   Link |July 6, 2022 2:05:29 AM
IPO Guru IPO Guru (1000+ Posts, 700+ Likes)
Be cautious in Market now !!
7. Bhav |   Link |July 4, 2022 5:13:42 PM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
applied 1 retail
7.1. Kundan Mishra |   Link |July 5, 2022 8:25:14 AM
Your predictions are mostly correct.
Wishing you good luck for this one.
7.2. Bhav |   Link |July 5, 2022 12:46:27 PM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
Thanks mishraji
6. Avenue |   Link |July 5, 2022 12:22:45 PM
What could be the reason for Company hiring Two LMs for floating a SME IPO of 15.8 Cr, especially after having a reputed first name of Hem ??
6.1. GJ 😀 |   Link |July 5, 2022 12:44:53 PM
IPO Mentor IPO Mentor (1400+ Posts, 400+ Likes)
Like you pointed out,
First name is only for reputation, 2nd is for actual work.

When you have financials/numbers manipulated this much, need some reputated name to save you
5. Hamsa |   Link |June 30, 2022 6:18:49 PM
CAPITAL DISASTER...........listing @70
4. svh |   Link |June 28, 2022 11:00:05 AM
IPO Guru IPO Guru (2100+ Posts, 3400+ Likes)
Many investors will apply just in the name of HEM securities.
4.2. Gaurav DD dimer |   Link |June 29, 2022 10:14:01 PM
IPO Mentor IPO Mentor (1100+ Posts, 400+ Likes)
Yeah, Nothing good in this ipo other than its LM.
4.3. IpoRetailer |   Link |July 4, 2022 3:37:35 PM (200+ Posts)
Still trying to recover from Eighty Jewellers Limited IPO - the last one from HEM. Point is, do not blindly go in blindly because of LM!
3. Ritesh kohinkar |   Link |June 28, 2022 3:57:29 PM
This IPO is determined with risk and concluded as avoid which means investor should not go for it...
2. DarshanJain |   Link |June 28, 2022 3:52:10 PM
kesar india limited ipo Company share prices and volatile and keep changing according to the market conditions. it can be risky in investing..........
1. Abhii VPG |   Link |June 28, 2022 1:05:06 AM
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
Just because of us (people) participating in each and every public issue, companies come up demanding such prices.