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Kshitij Polyline Limited IPO (Kshitij Polyline IPO) Detail

Sep 21, 2018 - Sep 27, 2018
Incorporated in 2008, Mumbai based Kshitij Polyline Limited is a company engaged in the business of manufacturing, marketing, and sourcing of Plastic Sheet, Lamination Sheet, Folders, I-cards, and files. The products have wide application in printing and stationery. Since its incorporation, the company has developed and launched over 125 products range in File, Folder & Diary under its brands 'Classik', 'LC' and 'Kshitij' in the Indian Market. The company's Product range can be classified into three broad categories- 1. Stationery through Channel Supply- A B2C model operating under the brand name 'Classik' and 'LC' includes diaries, calendars, files, folders, boxes, tags etc. It also includes equipment for binding, punching, bar coding, and stitching books. 2. Industrial Supply Laminated Sheets and Wiro- A B2B model operating under the brand name 'Classik' and includes the industrial supply of Laminated sheets, PP sheets, and Wiro. It also includes Binding Combs, Spiral, Calendar Hanger, Slide Binders, OHP Sheets etc. 3. Exhibitions & Events Supply- Operating under the brand name 'Kshitij', it includes ID Cards, neck len-yards, Printed Files and Folders, and customized industry-specific, card holders etc. It also includes customized Stationery Products for events, schools, colleges, and Corporates. Kshitij Polyline has a 36,000 sq ft. manufacturing facility in Silvassa, Dadra & Nagar Haveli with an in-house technical and design team. The company's product wise revenue distribution for the year 2018 is- Laminated Sheet- 47% Stationery- 34% Wiro and Spiral-14% ID Card-5% The sales of the company for 2016, 2017 and 2018 were Rs 1,557.24 lakhs, Rs 1,701.03 lakhs, and Rs 2,743.25 lakhs respectively. The EBITDA for 2016, 2017 and 2018 were Rs 242.85 lakhs, Rs 252.20 lakhs, and Rs 378.34 lakhs respectively. The PAT for 2016, 2017 and 2018 were Rs 19.94 lakhs, Rs 27.78 lakhs and Rs 105.62 lakhs respectively.

Company Financials

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
31-Mar-18 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14
Total Assets 2,477.39 1,719.42 1,483.16 1,422.31 1,309.95
Total Revenue 2,743.25 1,701.04 1,557.20 1,239.14 1,267.65
Profit After Tax 105.62 27.78 19.94 16.27 11.45

Objects of the Issue

The objects of the issue are-

1. To purchase of Machinery and Equipment to manufacture the Laminated sheet, Wiro and PP Sheet suitable for stationery and office products;
2. Working Capital Requirement;
3. General Corporate Purpose; and
4. Issue Expenses

Kshitij Polyline IPO Details

Kshitij Polyline IPO Date Sep 21, 2018 to Sep 27, 2018
Kshitij Polyline IPO Face Value ₹10 per share
Kshitij Polyline IPO Price ₹35 per share
Kshitij Polyline IPO Lot Size 4000 Shares
Issue Size2,500,000 shares of ₹10
(aggregating up to ₹8.75 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Company Promoters

The promoters of the company are Bharat Hemraj Gala, Hemraj Bhimshi Gala, and Rita Bharat Gala. The promoters take post issue will be 71%.

Kshitij Polyline IPO Timeline (Tentative Timetable)

Kshitij Polyline IPO opens on Sep 21, 2018, and closes on Sep 27, 2018. The Kshitij Polyline IPO bid date is from Sep 21, 2018 10.00 A.M. to Sep 27, 2018 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Date
Kshitij Polyline IPO Opening Date Sep 21, 2018
Kshitij Polyline IPO Closing Date Sep 27, 2018
Basis of Allotment Oct 3, 2018
Initiation of Refunds Oct 4, 2018
Credit of Shares to Demat Oct 5, 2018
Kshitij Polyline IPO Listing Date Oct 8, 2018

Kshitij Polyline IPO Lot Size

The Kshitij Polyline IPO lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹140,000).

Application Lots Shares Amount
Retail (Min) 1 4000 ₹140,000
Retail (Max) 1 4000 ₹140,000

Kshitij Polyline IPO Review

Company’s track record is average. Issue is aggressively priced. It has stiff competition from unorganized sector. Cash surplus risk savvy investors may consider investment at their own risk.

Read detail review...


Kshitij Polyline IPO Subscription Status (Bidding Detail)

The Kshitij Polyline IPO is subscribed 1.45 times on Sep 27, 2018 6:30:01 PM. The public issue subscribed 1.02 times in the retail category, times in the QIB category, and 1.88 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
NII1.88
Retail1.02
Total1.45

Kshitij Polyline IPO Prospectus

Kshitij Polyline IPO Rating

56
2.6
Rating:Rated 2.6 stars
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Kshitij Polyline IPO Listing Date

Listing Date Monday, October 8, 2018
BSE Script Code
NSE Symbol KSHITIJPOL
Listing In
ISIN INE013801019
IPO Price ₹35 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
NSE SME
IPO Price: ₹35.00
Open: ₹34.50
Low: ₹34.50
High: ₹35.95
Last Trade: ₹35.95

Company Contact Information

Kshitij Polyline Limited
8, Sona Udyog,
Parsi Panchayat Road, Andheri East
Mumbai - 400069
Phone: 022 - 42234107
Email: kshitij123@hotmail.com
Website: http://kshitijpolyline.co.in/

Kshitij Polyline IPO Registrar

KFin Technologies Limited

Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://karisma.kfintech.com/

Kshitij Polyline IPO Review

Kshitij Polyline IPO Recommendation Summary

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Kshitij Polyline IPO FAQs

Kshitij Polyline IPO is a SME IPO of 2,500,000 equity shares of the face value of ₹10 aggregating up to ₹8.75 Crores. The issue is priced at ₹35 per share. The minimum order quantity is 4000 Shares.

The IPO opens on Sep 21, 2018, and closes on Sep 27, 2018.

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

The Kshitij Polyline IPO opens on Sep 21, 2018 and closes on Sep 27, 2018.

Kshitij Polyline IPO lot size is 4000 Shares and the minimum order quantity is .

You can apply in Kshitij Polyline 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 Kshitij Polyline IPO will be done on Oct 3, 2018, and the allotted shares will be credited to your demat account by Oct 5, 2018. Check the Kshitij Polyline IPO allotment status.

The Kshitij Polyline IPO listing date is on Monday, October 8, 2018.
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Kshitij Polyline IPO Message Board

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6 Comments

6. Dipenmaru |   Link |Sep 19, 2018 10:38:28 PM
Now stationery market is increased so investment is good
5. MInvest |   Link |Sep 15, 2018 9:13:58 PM
@Kaushikjoshi -You are a existing shareholder holding 1,34,500 shares 2.18% on pre-issue and post issue 1.55% of share capital under Top Ten Shareholder category.

NAV is Rs. 16.26
Asking Price is Rs. 35/-
Avg cost of Acquisition of share for promoters: Rs. 10.7- 12.11
Mostly unorganised sector
Trade Receivables jump 65% in 2018 from previous year 2017 . Other years only 15-20%
Sales growth stagnant from 2014 and 2015 after that slight growth 2016 and 2017. In 2018 sales increased suddenly from Rs. 17 cr to Rs. 27 Cr. Approximately 60 % jump
Profit Margins (PAT) increased from 1.63% to 3.85%
Post IPO valuation Rs. 30 Cr with Issue price of Rs.35. with P/E of 29 times approx.. where as Industry PE is 12 times. Valuation is aggressive.
Balance sheet shows high cost of Unsecured loans (mostly Working Capital Loans) amounting to Rs. 6.36 Cr with High interest range from 17 % to 20%.
Non- payment of statutory liabilities as on March 31, 2018 amounting Rs. 28,03,769/- for Income Tax, Rs. 26,87,589/- for GST, Rs. 375/- for Profession tax payable and Rs. 2,52,751/- TDS payable.


4. IpoNewbie |   Link |Sep 15, 2018 8:23:04 AM
Not sure about this one. Will list around ipo price.
Not worth to apply in this one.

3. Lalitt |   Link |Sep 13, 2018 10:59:34 AM
ye ipo bharne jesha he ki nahi ?
2. GrowYourMoney |   Link |Sep 13, 2018 12:33:10 AM
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
Costly Pricing
Low Margin Business
Highly Competitive Business with Unorganised small players

1. Small Investor |   Link |Sep 12, 2018 10:59:51 AM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
Good Ipo for listing gain and Short Term,