Kiri Dyes and Chemicals Limited IPO (kiri dyes IPO) Detail

Mar 25, 2008 - Apr 2, 2008

Incorporated in 1998, Kiri Dyes and Chemicals Limited is engaged in the business of manufacturing of reactive dyes which are called synthetic organic dyes used for cotton fabrics like garments, dress materials, bed-sheets, carpets etc. The dyes are of basically colours like black, blue, red, orange, yellow and numerous variants of these basic colours identified by color index number internationally. The product range of company caters to textiles, leather, paint and printing-ink industries with total production capacity of 10800 MTPA.

The Industry produces a wide spectrum of products, which include Pharmaceuticals, Dyes, Man-made Fibers, Plastics, Pesticides, Fertilizers, Cosmetics and Toiletries, Paint, Auxiliary Chemicals and wide range of organic and Inorganic compounds for applications ranging from automobiles, textile industry, engineering industry, construction chemicals and food additives to veterinary and health care products.

The company is engaged in the business of manufacturing and marketing of:

1. Reactive Dyes � Synthetic Organic Dyes (S. O. Dyes)
2. Dyes Intermediate: Vinyl Sulphone
3. Dyes Intermediate: H-Acid

Company Financials:

Particulars	For the year/period ended (Rs. in lacs)
	31-Mar-07	31-Mar-06	31-Mar-05	31-Mar-04
Total Income	14000.83	9678.80	7638.21	7858.59
Profit After Tax (PAT)	863.29	448.04	311.57	230.96

Objects of the Issue:

The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital:
1. To fund the capital expenditure for setting up of a plant to manufacture Sulphuric Acid, Oleum and Chloro Sulphonic Acid with a combined capacity of 500 M.T. per day adjacent to its existing unit at Village Dudhwada, Taluka Padra, District Vadodara;
2. To fund the capital expenditure for Dyes and Intermediates Unit located at GIDC, Vatva, Ahmedabad;
3. To fund the additional working capital margin;
4. To meet Issue expenses;
5. To meet expenses of the Issue in order to achieve the benefits of listing on the Stock Exchanges.

kiri dyes IPO Details

IPO Opening Date	Mar 25, 2008
IPO Closing Date	Apr 2, 2008
Issue Type	Book Built Issue IPO
Face Value	₹10 per equity share
IPO Price	₹125 to ₹150 per equity share
Market Lot	45 Shares
Min Order Quantity	45 Shares
Listing At	BSE, NSE
Issue Size	3,750,000 Eq Shares of ₹10 (aggregating up to ₹56.25 Cr)

kiri dyes IPO Lot Size

The kiri dyes IPO market lot size is 45 shares. A retail-individual investor can apply for up to 29 lots (1305 shares or ₹195,750).

Application	Lots	Shares	Amount (Cut-off)
Minimum	1	45	₹6,750
Maximum	29	1305	₹195,750

Company name has been changed to 'KIRI INDUSTRIES LIMITED'

kiri dyes IPO Subscription Status (Bidding Detail)

The kiri dyes IPO is subscribed 1.43x times on Apr 2, 2008 17:00. The public issue subscribed 2.38x in the retail category, 0.79x in the QIB category, and 1.36x in the NII category. Check Day by Day Subscription Details (Live Status)

Category	IPO Subscription
Total	1.43x

kiri dyes IPO Prospectus

› kiri dyes IPO DRHP
› kiri dyes IPO RHP

kiri dyes IPO Rating

197

2.4

Rating:

Vote Here ...

kiri dyes IPO Listing Date

Listing Date	Tuesday, April 22, 2008
BSE Script Code	532967
NSE Symbol	KIRIINDUS
Listing In	B
ISIN	INE415I01015
IPO Price	₹150 per equity share
Face Value	₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume

BSE
₹150.00
₹151.00
₹151.00
₹204.00
₹158.55
12,302,573

NSE
₹150.00
₹184.00
₹156.15
₹228.70
₹158.95
12,202,553

kiri dyes IPO Reviews / Ratings

Hem Securities - Avoid
S P Tulsian - Avoid
SPA Financial Advisor Ltd - Avoid
KR Choksey Securities Ltd - Avoid
Smart Investments Ltd - Neutral

Company Contact Information

Kiri Dyes and Chemicals Limited
7th Floor, Hasubhai Chambers,
Ellis Bridge,
Ahmedabad � 380006, India.

Phone: + 91-792-6574371
Email: ipo@kiridyes.com
Website: http://www.kiridyes.com

kiri dyes IPO Registrar

Cameo Corporate Services Limited
   Cameo Corporate Services Ltd.,
   Subramanian Building # 1, Club House Road,
   Chennai 600 002 - India

Phone: +91-44-28460390
Email: cameo@cameoindia.com
Website: https://online.cameoindia.com/

kiri dyes IPO Lead Manager(s)

Centrum Capital Limited

Lead Manager Reports

kiri dyes IPO FAQs

What is kiri dyes IPO?

kiri dyes IPO is a main-board IPO of 3,750,000 equity shares of the face value of ₹10 aggregating up to ₹56.25 Crores. The issue is priced at ₹125 to ₹150 per equity share. The minimum order quantity is 45 Shares.

The IPO opens on Mar 25, 2008, and closes on Apr 2, 2008.

Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
When kiri dyes IPO will open?

The kiri dyes IPO opens on Mar 25, 2008 and closes on Apr 2, 2008.
What is the lot size of kiri dyes IPO?

kiri dyes IPO lot size is 45 Shares and the minimum order quantity is 45 Shares.
How to apply for kiri dyes IPO?

You can apply in kiri dyes 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.
When kiri dyes IPO allotment?

The finalization of Basis of Allotment for kiri dyes IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the kiri dyes IPO allotment status.
When is kiri dyes IPO listing date?

The kiri dyes IPO listing date is on Tuesday, April 22, 2008.

kiri dyes IPO Message Board

Ranked Members

64. vishy |Apr 28, 2008 20:35

yeah CK

you are right, everyone praise themselves as if they have done something great!! they are not really interested in helping or giving apt mesages but to contradict some other person...

63. CK |Apr 25, 2008 20:14

For last some time i experienced that in this forum everyone is doing for themself only. no one is interested helping anyone. Either they are trying to praise themself or fulfill they needs.

62. CK |Apr 22, 2008 18:39

Hi friends, congretulations to all who get good returns. but i missed the opportunity to book profit around 200. will someone tell me that is there any chance to get that level again? come on shars and lions. help me.

61. Chintan |Apr 22, 2008 15:08

Friends,please keep up the good work and increase the richness of this forum.
B bye

60. Chintan |Apr 22, 2008 15:06

Kiri opened at 180 and gradually increased to 204 and stayed at 190+ for quite some time,hope my dear friends enjoyed the listing gains.Thanks friends for the great and authentic comments regarding the the listing.

59. CK |Apr 22, 2008 12:20

hi daniel, i also applied from icicidirect. i got refund 3 days before.

58. TANNU |Apr 21, 2008 23:38

KIRIDYES OPENS AT 180+++ THEN IT MOVES UPTO 225+++ ON LISTING DAY......... ENJOY BIDDERSSSSSSSSSS

57. daniel |Apr 21, 2008 20:25

bhai log sabko refund mil gaya hai kya...mujhe nahi mila ...kissi ke paas koi info. hai toh bata do refund kab milega...plz....
icici direct se apply kiya tha....

56. pankit |Apr 21, 2008 19:16

this is a very good co.

i thin this stock open 180.

1 st target is 195 in few days

2 nd target is 225 in a month

i have alloted issue share

i m not sell a any share

i m buy share in issue open day

target is 350 in 6 month

i sell all share in a 6 ya 7 month

ok

i think listing on 22-04-2008 tuesday

all clint shree ganeshay namahh : in kiri dais

ok
byyyyyyyyyyyyyyyyyyyyyyyyy

55. BONNY |Apr 21, 2008 18:12

LISTING IS TOMORROW

54. Aditya |Apr 21, 2008 11:44

This IPO is not good for the one who are risk averse.

It has small equity and so one can easily acquire it through grey market and can make it run like anything.

There are also vested interests in this IPOs so just hold the IPO for 3 months as it will give return around 50% .....

53. Vnrao |Apr 19, 2008 22:51

Hi, Anupam, you will not be allotted any shares because the issue price has been fixed as Rs.150/- i.e. the upper-band and you bid at lower band.

52. ANupam |Apr 19, 2008 18:38

I had bid @Rs.125 for 90 shares in RII section.

what are the chances that i am alloted or not.

I am unable to check the status as relinacemoney login is disabled on saturdays.

51. mangesh |Apr 19, 2008 13:27

very good co.

buy above 170
1 st target 210 in 7 days
2 nd target 270 in 1 month
buy

buy

buy

ipo investors are recommended 2 not sell this alloted shares

open market investors should buy this stock on listinggggggggg

very fast return in short time

ok

50. SAUMIL |Apr 17, 2008 19:44

kiri dyes chem liting date is 22 april tuesday

49. CK |Apr 15, 2008 20:41

Allotment is out. i got 106 against application of 180(Rs. 27000).

48. SSPadda |Apr 15, 2008 18:40

Allotment is out,i got 106.

47. CK |Apr 15, 2008 13:53

Hey guys and gals, what happen to all of you? Why no one posting anything here. don't worry for this ipo. it will give good value for ur money. on listing as well as longer time. so keep :)... and do remember to post ur views here.

46. Nikunj |Apr 9, 2008 20:49

Hello,
I just want to share that kiri dyes is going to give good returns on investment so do not sell at the start hold for 1-2 months i had suggested for sita shree also see it is increasing more and more and those who are having sita shree please keep this company for 10 days more otherwise you may cry

thank you

45. prakash |Apr 5, 2008 17:13

Hi,

This IPO will give good listing gains. 20 - 25% of listing gain is expected. All leading brokerages expecting 20% gain. And good for Long term too.

All the best

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