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Kesar India Limited IPO (Kesar India IPO) Detail

Jun 30, 2022 - Jul 4, 2022

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
31-Mar-19220.3118.540.73-85.88
31-Mar-20243.257.73.73-82.15
31-Mar-21374.72119.711.19-80.96
31-Dec-21818.31695.5324.49243.65
Amount in ₹ Lakhs

Objects of the Issue

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 Details

Kesar India IPO Date Jun 30, 2022 to Jul 4, 2022
Kesar India IPO Face Value ₹10 per share
Kesar India IPO Price ₹170 per share
Kesar India IPO Lot Size 800 Shares
Issue Size930,400 shares of ₹10
(aggregating up to ₹15.82 Cr)
Fresh Issue930,400 shares of ₹10
(aggregating up to ₹15.82 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Retail Shares Offered50% of the net offer
NII (HNI) Shares Offered50% of the net offer
Company Promoters

Mr. Gopal Fatehchand Gupta is the company promoter.

Kesar India IPO Timeline (Tentative Timetable)

Kesar India IPO opens on Jun 30, 2022, and closes on Jul 4, 2022. The Kesar India IPO bid date is from Jun 30, 2022 10.00 A.M. to Jul 4, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.

Event Date
Kesar India IPO Opening Date Jun 30, 2022
Kesar India IPO Closing Date Jul 4, 2022
Basis of Allotment Jul 7, 2022
Initiation of Refunds Jul 8, 2022
Credit of Shares to Demat Jul 11, 2022
Kesar India IPO Listing Date Jul 12, 2022

Kesar India IPO Lot Size

The Kesar India IPO lot size is 800 shares. A retail-individual investor can apply for up to 1 lots (800 shares or ₹136,000).

Application Lots Shares Amount
Minimum 1 800 ₹136,000
Maximum 1 800 ₹136,000

Kesar India IPO Promoter Holding

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

Kesar India IPO Review

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 Jul 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)
NII2.62
Retail0.91
Total1.77

Kesar India IPO Prospectus

Kesar India IPO Rating

35
3.8
Rating:Rated 3.8 stars
Vote Here ...

Kesar India IPO Listing Date

Listing Date Tuesday, July 12, 2022
BSE Script Code 543542
NSE Symbol
Listing In MT Group of Securities
ISIN INE0L1C01019
IPO Price ₹170 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹170.00
₹172.50
₹172.50
₹175.80
₹175.50

Company Contact Information

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/

Kesar India IPO Registrar

KFin Technologies Limited

Phone: 04067162222, 04079611000
Email: kesarindia.ipo@kfintech.com
Website: https://karisma.kfintech.com/

Kesar India IPO Review

Kesar India IPO Recommendation Summary

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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 Jun 30, 2022, and closes on Jul 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 Jun 30, 2022 and closes on Jul 4, 2022.

Kesar India IPO lot size is 800 Shares and the minimum order quantity is .

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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Kesar India IPO will be done on Jul 7, 2022, and the allotted shares will be credited to your demat account by Jul 11, 2022. Check the Kesar India IPO allotment status.

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