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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.

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
Issue OpenSep 21, 2018 - Sep 27, 2018
Issue TypeFixed Price Issue IPO
Issue Size2,500,000 Eq Shares of Rs 10
(aggregating up to Rs 8.75 Cr)
Face ValueRs 10 Per Equity Share
Issue PriceRs 35 Per Equity Share
Market Lot4000 Shares
Min Order Quantity4000 Shares
Listing AtNSE SME
Kshitij Polyline IPO Tentative Date / Timetable
Bid/Offer Opens OnSep 21, 2018
Bid/Offer Closes OnSep 27, 2018
Finalisation of Basis of AllotmentOct 3, 2018
Initiation of RefundsOct 4, 2018
Credit of Shares to Demat Acct:Oct 5, 2018
IPO Shares Listing Date:Oct 8, 2018

Kshitij Polyline IPO Subscription Status (Live)

Kshitij Polyline IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

NII

RII

Total

Shares Offered

1,184,000

1,184,000

2,368,000

Sep 27, 2018 18:30

1.88x

1.02x

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 Date: Monday, October 8, 2018
  •   ›  BSE Script Code:
  •   ›  NSE Symbol: KSHITIJPOL
  •   ›  Listing In:
  •   ›  ISIN: INE013801019
  •   ›  Issue Price: Rs 35 Per Equity Share
  •   ›  Face Value: Rs 10 Per Equity Share

Listing Day Trading Information

.
Issue Price:
Open:
Low:
High:
Last Trade:
Volume:
NSE SME
Issue Price:Rs 35.00
Open:Rs 34.50
Low:Rs 34.50
High:Rs 35.95
Last Trade:Rs 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
Fax:
Email: kshitij123@hotmail.com
Website: http://kshitijpolyline.co.in/

Kshitij Polyline IPO Registrar

Karvy Computershare Private Limited   »  Report
   Karvy House, 46, Avenue 4, Street No. 1,
   Banjara Hills, Hyderabad - 500 034
   Andhra Pradesh, India

Phone: +91-40-23312454
Fax: +91-40-23311968
Email: einward.ris@karvy.com
Website: http://karisma.karvy.com

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Kshitij Polyline IPO Review / Comments

avatar
6. Dipenmaru  Sep 19, 2018 22:38 I Like It. 1 | Report Abuse Reply
Now stationery market is increased so investment is good
avatar
5. MInvest  Sep 15, 2018 21:13 I Like It. 6 | Report Abuse Reply
@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.


avatar
4. IpoNewbie  Sep 15, 2018 08:23 I Like It. | Report Abuse Reply
Not sure about this one. Will list around ipo price.
Not worth to apply in this one.

avatar
3. Lalitt  Sep 13, 2018 10:59 I Like It. | Report Abuse Reply
ye ipo bharne jesha he ki nahi ?
avatar
2. GrowYourMoney  Sep 13, 2018 00:33 I Like It. 3 | Report Abuse Reply
Costly Pricing
Low Margin Business
Highly Competitive Business with Unorganised small players

avatar
1. Small Investor  Sep 12, 2018 10:59 I Like It. | Report Abuse Reply
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
Good Ipo for listing gain and Short Term,
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