Kotyark Industries Limited IPO
NSE SME₹102,000 / 2000 Shares
IPO Details
Kotyark Industries Limited IPO IPO is priced between ₹51 per equity share, with a face value of ₹10 per share. The company's equity shares will be listed on the NSE SME, and KFintech Private Limited is managing the issue as the registrar.
The IPO bidding period opened on 21 Oct, 2021, and closed on 25 Oct, 2021. The allotment results will be announced on 29 Oct, 2021, with a tentative listing date set for 1 Nov, 2021.
The total issue comprises 2,208,000 Eq Shares of ₹10, amounting to ₹11.26 Cr.
Kotyark Industries Limited IPO IPO Highlights
| IPO Date | Listing Date | Face Value | Price Band | Lot Size | Fresh Issue | Offer for Sale | Listing At |
|---|---|---|---|---|---|---|---|
| Oct 21, 2021 - Oct 25, 2021 | 1 Nov, 2021 | ₹10 Per Equity Share | ₹51 per equity share | - | Shares | - | NSE SME |
Kotyark Industries Limited IPO IPO Timeline
Issue Price
₹51 per equity shareFace Value
₹10 Per Equity ShareListing at Group
NSE SMERegistrar
KFintech Private LimitedMarket Lot
2000 Shares (₹102,000/-)Lead Manager
Issue Size
2,208,000 Eq Shares of ₹10(aggregating up to ₹11.26 CrRetail Portion
N/ASubscription
7.15 timesIPO Docs
Kotyark Industries Limited IPO IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 21 | 18.02 | 65.29 | 1.04 | - | - | - |
| 31 Mar 20 | 19.12 | 25.78 | 0.48 | - | - | - |
| 31 Mar 19 | 8.48 | 37.56 | 0.57 | - | - | - |
All values are in ₹ Cr.
About Company
Incorporated in 2016, Kotyark Industries is engaged in the manufacturing of Biofuels. The company is focused on renewable green energy and sustainable development of renewable natural resources (Biofuels) through the adoption of environmentally friendly technology in vehicles for public and private transport as well as various equipment and Gen Sets.Kotyark Industries is an approved manufacturer of Biodiesel and has received Letter of Intent from the Biofuel Authority, Rural Development, Panchayat Raj Department, and Government of Rajasthan. The company has also received permission from the Government of Rajasthan for setting up Mobile Retail Outlet for sale of Bio-Diesel and has entered into Mobile Retail Outlet (MRO) Agreement with various parties for this. The company has a bio-diesel manufacturing capacity of 100,000 KL per month from Multi Feedstock at Rajasthan, India
Kotyark Industries Limited IPO IPO Subscription Details
| As on | QIB/NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 10,48,000 | 10,48,000 | 20,96,000 |
| Day 1 - 21-10-21 06:00 PM | 2.15 x | 1.65 x | 1.9 x |
| Day 2 - 22-10-21 06:00 PM | 2.30 x | 3.59 x | 2,95 x |
| Day 3 - 25-10-21 06:00 PM | 3.60 x | 10.70 x | 7.15 x |
Kotyark Industries Limited IPO IPO - Issue Objectives
- To meet working capital requirement.
- General Corporate Purpose.
- To Meet the Issue Expenses.