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.

Investor Presentation

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%.

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

IPO Opening DateSep 21, 2018
IPO Closing DateSep 27, 2018
Issue TypeFixed Price Issue IPO
Face Value₹10 per equity share
IPO Price₹35 per equity share
Market Lot4000 Shares
Min Order Quantity4000 Shares
Listing AtNSE SME
Issue Size2,500,000 Eq Shares of ₹10
(aggregating up to ₹8.75 Cr)

Kshitij Polyline IPO Tentative Timetable

The Kshitij Polyline IPO open date is Sep 21, 2018, and the close date is Sep 27, 2018. The issue may list on Oct 8, 2018.

IPO Open DateSep 21, 2018
IPO Close DateSep 27, 2018
Basis of Allotment DateOct 3, 2018
Initiation of RefundsOct 4, 2018
Credit of Shares to Demat AccountOct 5, 2018
IPO Listing DateOct 8, 2018

Kshitij Polyline IPO Lot Size

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

ApplicationLotsSharesAmount (Cut-off)
Minimum14000₹140,000
Maximum14000₹140,000

Kshitij Polyline IPO Subscription Status (Bidding Detail)

The Kshitij Polyline IPO is subscribed 1.45x times on Sep 27, 2018 18:30. The public issue subscribed 1.02x in the retail category, in the QIB category, and 1.88x in the NII category. Check Day by Day Subscription Details (Live Status)

CategoryIPO Subscription
NII

1.88x

RII

1.02x

Total

1.45x

Kshitij Polyline IPO Prospectus

Kshitij Polyline IPO Rating

56
2.6
Rating:Rated 2.6 stars

Vote Here ...

Kshitij Polyline IPO Listing Date

Listing DateMonday, October 8, 2018
BSE Script Code
NSE SymbolKSHITIJPOL
Listing In
ISININE013801019
IPO Price₹35 per equity share
Face Value₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume
NSE SME
IPO Price:₹35.00
Open:₹34.50
Low:₹34.50
High:₹35.95
Last Trade:₹35.95
Volume:8,000

Kshitij Polyline IPO Reviews / Ratings

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

KFintech Private Limited
   Selenium Building, Tower-B, Plot No 31 & 32,
   Financial District,Nanakramguda, Serilingampally,
   Rangareddi, Telangana India - 500 032.

Phone: 1-800-3454001
Email: einward.ris@karvy.com
Website: https://karisma.kfintech.com/

Kshitij Polyline IPO FAQs

  1. What is Kshitij Polyline IPO?

    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 equity share. The minimum order quantity is 4000 Shares.

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

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

  2. When Kshitij Polyline IPO will open?

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

  3. What is the lot size of Kshitij Polyline IPO?

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

  4. How to apply for Kshitij Polyline IPO?

    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.

  5. When Kshitij Polyline IPO allotment?

    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.

  6. When is Kshitij Polyline IPO listing date?

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

Kshitij Polyline IPO Message Board

Ranked Members  Ranked Members

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6. Dipenmaru |Sep 19, 2018 23:38
Now stationery market is increased so investment is good
5. MInvest |Sep 15, 2018 22:13
@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 |Sep 15, 2018 09:23
Not sure about this one. Will list around ipo price.
Not worth to apply in this one.

3. Lalitt |Sep 13, 2018 11:59
ye ipo bharne jesha he ki nahi ?
2. GrowYourMoney |Sep 13, 2018 01:33
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
Costly Pricing
Low Margin Business
Highly Competitive Business with Unorganised small players

1. Small Investor |Sep 12, 2018 11:59
IPO Guru IPO Guru (1400+ Posts, 700+ Likes)
Good Ipo for listing gain and Short Term,







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