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Kshitij Polyline Limited IPO (Kshitij Polyline IPO) Detail

September 21, 2018 - September 27, 2018

Kshitij Polyline IPO is a fixed price issue of Rs 8.75 crores.

Kshitij Polyline IPO bidding started from September 21, 2018 and ended on September 27, 2018. The allotment for Kshitij Polyline IPO was finalized on Wednesday, October 3, 2018. The shares got listed on NSE SME on October 8, 2018.

Kshitij Polyline IPO price is ₹35 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹140,000.

Monarch Networth Capital Ltd is the book running lead manager of the Kshitij Polyline IPO, while Kfin Technologies Limited is the registrar for the issue.

Refer to Kshitij Polyline IPO RHP for detailed information.

Kshitij Polyline IPO Details

IPO Date September 21, 2018 to September 27, 2018
Listing Date October 8, 2018
Face Value ₹10 per share
Price ₹35 per share
Lot Size 4000 Shares
Total Issue Size2,500,000 shares
(aggregating up to ₹8.75 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Market Maker portion132,000 shares

Kshitij Polyline IPO Reservation

Kshitij Polyline IPO offers 2,500,000 shares. 1,184,000 (47.36%) to NII, 1,184,000 (47.36%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered132,000 (5.28%)
Other Shares Offered1,184,000 (47.36%)
Retail Shares Offered1,184,000 (47.36%)
Total Shares Offered2,500,000 (100%)

Kshitij Polyline IPO Timeline (Tentative Schedule)

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

IPO Open Date Friday, September 21, 2018
IPO Close Date Thursday, September 27, 2018
Basis of Allotment Wednesday, October 3, 2018
Initiation of Refunds Thursday, October 4, 2018
Credit of Shares to Demat Friday, October 5, 2018
Listing Date Monday, October 8, 2018
Cut-off time for UPI mandate confirmation 5 PM on September 27, 2018

Kshitij Polyline IPO Lot Size

Investors can bid for a minimum of 4000 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 4000 ₹140,000
Retail (Max) 1 4000 ₹140,000
Lot Size Calculator

About Kshitij Polyline Limited

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 (Kshitij Polyline IPO Objectives)

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 Review (May apply)

[Dilip Davda]  

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 September 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)
Other1.88
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 Details

Listing Date October 8, 2018
BSE Script Code
NSE Symbol KSHITIJPOL
ISIN INE013801019
Final Issue Price ₹35 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
NSE SME
₹35.00
₹34.50
₹34.50
₹35.95
₹35.95

Check IPO Performance…

Kshitij Polyline Limited Contact Details

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://kosmic.kfintech.com/ipostatus/

Kshitij Polyline IPO - Buy or Not

Kshitij Polyline IPO Recommendation Summary

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

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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 September 21, 2018, and closes on September 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 September 21, 2018 and closes on September 27, 2018.

Kshitij Polyline IPO lot size is 4000 Shares, and the minimum amount required is ₹140,000.

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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Kshitij Polyline IPO will be done on Wednesday, October 3, 2018, and the allotted shares will be credited to your demat account by Friday, October 5, 2018. Check the Kshitij Polyline IPO allotment status.

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

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6 Comments

6. Dipenmaru |   Link |  Bookmark |September 19, 2018 11:38:28 PM
Now stationery market is increased so investment is good
5. MInvest |   Link |  Bookmark |September 15, 2018 10:13:58 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 |  Bookmark |September 15, 2018 9:23:04 AM
Not sure about this one. Will list around ipo price.
Not worth to apply in this one.

3. Lalitt |   Link |  Bookmark |September 13, 2018 11:59:34 AM
ye ipo bharne jesha he ki nahi ?
2. GrowYourMoney |   Link |  Bookmark |September 13, 2018 1:33:10 AM
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
Costly Pricing
Low Margin Business
Highly Competitive Business with Unorganised small players

1. Small Investor |   Link |  Bookmark |September 12, 2018 11:59:51 AM
IPO Guru IPO Guru (1900+ Posts, 1000+ Likes)
Good Ipo for listing gain and Short Term,