IPO Issue Details
Issue Price / Price Band₹30 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size4,000 Shares per Lot
Total Issue Size65,76,000 shares (aggregating up to ₹19.73 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryOffer For Sale
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenMon, 13 Feb 2017
Subscription CloseThu, 16 Feb 2017
Anchor AllotmentSun, 12 Feb 2017
Basis of AllotmentWed, 22 Feb 2017
Initiation of RefundsThu, 23 Feb 2017
Credit of Shares to DematThu, 23 Feb 2017
Listing DateMon, 27 Feb 2017
UPI Mandate Deadline2017-02-16
Application & Investment Details
Retail — Min (1 Lots)₹1,20,000 — 4,000 shares
Retail — Max (13 Lots)₹1,560,000 (13 Lots)
HNI — Min (2 Lots)₹2,40,000 — 8,000 shares
Net Offer to Public62,40,000 shares (aggregating up to ₹18.72 Cr)
Reserved for Market Maker3,36,000 shares (aggregating up to ₹1.01 Cr)
Pre-IPO Promoter Holding2,49,00,000 shares
Post-IPO Promoter Holding2,49,00,000 shares
About Krishana Phoschem Ltd.
Incorporated in 2004, Krishana Phoschem Limited is primarily engaged in manufacturing of fertilizers, intermediate dyes and other allied chemical products in the state of Madhya Pradesh. They are manufacturers of Benefited Rock Phosphate (BRP), Single Super Phosphate (SSP), Granulated Single Super Phosphate (GSSP), H-Acid, intermediate dyes and other allied chemicals.Their products Single Super Phosphate (SSP) and Granulated Single Super Phosphate (GSSP) is used in replenishing "P" (Phosohorous) in the soil and act as a fertilizer for crop. Initially company was engaged in manufacturing of BRP and further expanded to forward integration in manufacturing of SSP and GSSP and expanding for Diversification in intermediate dyes and other allied chemicals.Company manufacture specialized chemicals used for dying cloth such as H acid, E K acid, Vinyl sulphone, PNCBOSA, 4 sulphoantranilic acid, Violet acid, Sulpho Tobias acid. The chemicals produce by the company is used as Dye intermediate specifically for textiles Industry. Company' manufacturing facilities are located near the Jhabua, Meghnagar District (M.P).
Objects of the Issue
(Standard — DRHP pending)
Krishana Phoschem Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
Funding of Capital Expenditure Requirements
2
Working Capital Requirements
3
General Corporate Purposes
Detailed fund allocation will be available once the company files DRHP with
SEBI.
Shareholding & Lock-in
Pre-IPO Promoter Holding
2,49,00,000 shares
Post-IPO Promoter Holding
2,49,00,000 shares