IPO Issue Details
Issue Price / Price Band₹51 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size2,000 Shares per Lot
Total Issue Size22,08,000 shares (aggregating up to ₹11.26 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenThu, 21 Oct 2021
Subscription CloseMon, 25 Oct 2021
Anchor AllotmentWed, 20 Oct 2021
Basis of AllotmentSun, 31 Oct 2021
Initiation of RefundsMon, 01 Nov 2021
Credit of Shares to DematMon, 01 Nov 2021
Listing DateTue, 02 Nov 2021
UPI Mandate Deadline2021-10-25
Application & Investment Details
Retail — Min (1 Lots)₹1,02,000 — 2,000 shares
Retail — Max (13 Lots)₹1,326,000 (13 Lots)
HNI — Min (2 Lots)₹2,04,000 — 4,000 shares
Net Offer to Public20,96,000 shares (aggregating up to ₹10.69 Cr)
Reserved for Market Maker1,12,000 shares (aggregating up to ₹0.5712 Cr)
Pre-IPO Promoter Holding60,66,900 shares
Post-IPO Promoter Holding82,74,900 shares
About Kotyark Industries Ltd.
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.The company's products are categorized into:Bio-DieselC9Carbon Black Feedstock (CBFS)Liquid Paraffin OilDewatering FluidKotyark 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.Competitive Strengths:Long-standing relationships and multi-layered engagement with customers.Experienced promoter and managementAdherence to timely order fulfillment and high-cost efficiencyScalable Business ModelStrong relationship with suppliersEnvironmental-friendly productsQuality Assurance and Standards
Objects of the Issue
Kotyark Industries Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 To Meet Working Capital Requirement
8.30
2
2 General Corporate Expenses
2.36
3
3 Public Issue Expenses
0.60
Shareholding & Lock-in
Pre-IPO Promoter Holding
60,66,900 shares
Post-IPO Promoter Holding
82,74,900 shares