IPO Issue Details
Issue Price / Price Band₹100 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size1,200 Shares per Lot
Total Issue Size15,84,000 shares (aggregating up to ₹15.84 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenWed, 16 Mar 2016
Subscription CloseFri, 18 Mar 2016
Anchor AllotmentTue, 15 Mar 2016
Basis of AllotmentThu, 24 Mar 2016
Initiation of RefundsFri, 25 Mar 2016
Credit of Shares to DematFri, 25 Mar 2016
Listing DateWed, 30 Mar 2016
UPI Mandate Deadline2016-03-18
Application & Investment Details
Retail — Min (1 Lots)₹1,20,000 — 1,200 shares
Retail — Max (13 Lots)₹1,560,000 (13 Lots)
HNI — Min (2 Lots)₹2,40,000 — 2,400 shares
Net Offer to Public15,00,000 shares (aggregating up to ₹15.00 Cr)
Reserved for Market Maker84,000 shares (aggregating up to ₹0.8400 Cr)
Pre-IPO Promoter Holding41,59,500 shares
Post-IPO Promoter Holding57,43,500 shares
About Khemani Distributors & Marketing Ltd.
Khemani Distributors & Marketing Ltd (KDM) is engaged in the business of trading in FMCG products of Hindustan Unilever Limited ('HUL') as a 'Redistribution Stockist' in Surat, Gujarat. Its product portfolio includes (a) personal care products; (b) home care products; and (c) food and drinks products. KDM primarily caters to the retailers and wholesalers of Surat wherein it supply the above range of HUL FMCG products. Currently, it is catering to approximately 3,500 retailers and wholesalers located in Surat. KDM also keeps investing and dealing in securities, in such manner, as it deems fit for the attainment of its main objects.Initially, in the year 2011 the Company was involved in the business of distributorship of mobile handsets with one of the mobile manufacturers for the territories of Surat district, Tapi district, Navsari district, Silvassa, Daman, Umargaon, Pardi, Dharampur and Valsad town. However, it discontinued the said business in the year 2012.
Objects of the Issue
Khemani Distributors & Marketing Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Repayment of unsecured loans
7.50
2
2 To meet the working capital requirements
4.50
3
3 General Corporate Purposes
3.34
Shareholding & Lock-in
Pre-IPO Promoter Holding
41,59,500 shares
Post-IPO Promoter Holding
57,43,500 shares