IPO Issue Details
Issue Price / Price Band₹40 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size3,000 Shares per Lot
Total Issue Size12,75,000 shares (aggregating up to ₹5.10 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenWed, 20 Feb 2013
Subscription CloseFri, 22 Feb 2013
Anchor AllotmentTue, 19 Feb 2013
Basis of AllotmentThu, 28 Feb 2013
Initiation of RefundsFri, 01 Mar 2013
Credit of Shares to DematFri, 01 Mar 2013
Listing DateTue, 12 Mar 2013
UPI Mandate Deadline2013-02-22
Application & Investment Details
Retail — Min (1 Lots)₹1,20,000 — 3,000 shares
Retail — Max (13 Lots)₹1,560,000 (13 Lots)
HNI — Min (2 Lots)₹2,40,000 — 6,000 shares
Net Offer to Public10,68,000 shares (aggregating up to ₹4.27 Cr)
Reserved for Market Maker2,07,000 shares (aggregating up to ₹0.8280 Cr)
Pre-IPO Promoter Holding21,97,902 shares
Post-IPO Promoter Holding34,72,902 shares
About Kavita Fabrics Ltd.
Incorporated in 2005, Kavita Fabrics Ltd is in the business of manufacturing synthetic fabrics from man-made yarns by using weaving technology. Based in Surat (Gujarat), Company manufactures synthetic fabrics in the form of semi-finished sarees and dress materials. They comes in various designs as per customer requirements and further processed by their customers before selling to the end-users.The main raw material for their product is man-made yarn, which is acquired from several local suppliers. Company owns 36 jacquard power looms to undertake the weaving of the synthetic fabrics from man-made yarns.
Objects of the Issue
Kavita Fabrics Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Long term working capital requirement
3.50
2
2 General Corporate Expenses
1.20
Shareholding & Lock-in
Pre-IPO Promoter Holding
21,97,902 shares
Post-IPO Promoter Holding
34,72,902 shares