IPO Issue Details
Issue Price / Price Band₹50 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size3,000 Shares per Lot
Total Issue Size12,48,000 shares (aggregating up to ₹6.24 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenWed, 26 Apr 2017
Subscription CloseFri, 28 Apr 2017
Anchor AllotmentTue, 25 Apr 2017
Basis of AllotmentThu, 04 May 2017
Initiation of RefundsFri, 05 May 2017
Credit of Shares to DematFri, 05 May 2017
Listing DateTue, 09 May 2017
UPI Mandate Deadline2017-04-28
Application & Investment Details
Retail — Min (1 Lots)₹1,50,000 — 3,000 shares
Retail — Max (13 Lots)₹1,950,000 (13 Lots)
HNI — Min (2 Lots)₹3,00,000 — 6,000 shares
Net Offer to Public11,82,000 shares (aggregating up to ₹5.91 Cr)
Reserved for Market Maker66,000 shares (aggregating up to ₹0.3300 Cr)
Pre-IPO Promoter Holding27,75,000 shares
Post-IPO Promoter Holding40,23,000 shares
About CKP Products Ltd.
Incorporated in 2014, CKP Products Ltd engaged in the trading of edible oil, rice, and pulses in India and internationally. The company is involved in buying and selling crude and refined palm oil, sesame oil, rice bran oil, sunflower oil, soyabean oil, olive Oil, ground nut and cotton seed oil and other agro commodities like pulses and rice and supply the same to oil processors, wholesalers, food companies, etc.In the year 2015, they have acquired a 51% share in the manufacturing unit of Naik Foods Private Ltd and established it as their subsidiary company which is engaged in the manufacture of potato chips, fryums and other namkeen products.
Objects of the Issue
CKP Products Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
Funding Working Capital Requirements
2.81
2
Incorporation and Capitalization of Overseas Subsidiary in Ras Al Khaimah (RAK), UAE
1.90
3
General Corporate Purposes
1.00
Shareholding & Lock-in
Pre-IPO Promoter Holding
27,75,000 shares
Post-IPO Promoter Holding
40,23,000 shares