IPO Issue Details
Issue Price / Price Band₹20 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size6,000 Shares per Lot
Total Issue Size15,18,000 shares (aggregating up to ₹3.04 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenTue, 25 Feb 2014
Subscription CloseMon, 03 Mar 2014
Anchor AllotmentMon, 24 Feb 2014
Basis of AllotmentSun, 09 Mar 2014
Initiation of RefundsMon, 10 Mar 2014
Credit of Shares to DematMon, 10 Mar 2014
Listing DateTue, 18 Mar 2014
UPI Mandate Deadline2014-03-03
Application & Investment Details
Retail — Min (1 Lots)₹1,20,000 — 6,000 shares
Retail — Max (13 Lots)₹1,560,000 (13 Lots)
HNI — Min (2 Lots)₹2,40,000 — 12,000 shares
Net Offer to Public12,78,000 shares (aggregating up to ₹2.56 Cr)
Reserved for Market Maker78,000 shares (aggregating up to ₹0.1560 Cr)
Pre-IPO Promoter Holding35,66,000 shares
Post-IPO Promoter Holding50,84,000 shares
About Karnimata Cold Storage Ltd.
Incorporated in 2011, Karnimata Cold Storage Ltd is engaged in the business of cold storage and trading of agricultural commodities currently specializing in potatoes. They have set up and made operational first cold storage unit in Medinipur District, West Bengal having an installed capacity of 1,81,000 quintals for preservation of potatoes.Company provides cold storage facility to local farmers and traders on rental basis. There are around 70-80 cold storages operating in West Medinipur for storage of potato. The company has licensed storage capacity of 1,81,000 quintals which shall be increased by addition in the financial year 2013 – 14 by addition of further capacity for storage of 75,000 quintals of potatoes.
Objects of the Issue
Karnimata Cold Storage Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Augment the capital base for providing of Seasonal Loans to farmers/traders
5.16
2
2 Issue related Expenses
0.40
3
3 General Corporate Purposes
0.05
Shareholding & Lock-in
Pre-IPO Promoter Holding
35,66,000 shares
Post-IPO Promoter Holding
50,84,000 shares