IPO Issue Details
Issue Price / Price Band₹35 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size4,000 Shares per Lot
Total Issue Size79,28,000 shares (aggregating up to ₹27.75 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenWed, 14 Aug 2013
Subscription CloseWed, 21 Aug 2013
Anchor AllotmentTue, 13 Aug 2013
Basis of AllotmentTue, 27 Aug 2013
Initiation of RefundsWed, 28 Aug 2013
Credit of Shares to DematWed, 28 Aug 2013
Listing DateWed, 04 Sep 2013
UPI Mandate Deadline2013-08-21
Application & Investment Details
Retail — Min (1 Lots)₹1,40,000 — 4,000 shares
Retail — Max (13 Lots)₹1,820,000 (13 Lots)
HNI — Min (2 Lots)₹2,80,000 — 8,000 shares
Net Offer to Public75,20,000 shares (aggregating up to ₹26.32 Cr)
Reserved for Market Maker4,08,000 shares (aggregating up to ₹1.43 Cr)
Pre-IPO Promoter Holding1,57,98,661 shares
Post-IPO Promoter Holding2,37,26,661 shares
About Kushal Tradelink Ltd.
Incorporated in 2000, Kushal Tradelink Ltd is one of the leading Wholesalers in Ahmedabad, engaged in the business of paper and Paper Products (i.e. Kraft Paper, Duplex Board, Copier Paper, Waste Paper, etc.). Company's core business comprises of Kraft Paper, Waste Paper and Duplex Board. It also deals in news print paper and reel core & copier paper.Kushal Tradelink's Product Portfolio offers a diversified product range which includes variety of grades, thickness, widths and standards, in Kraft Papers, Duplex Boards, Boards, Coated Paper, News print Papers, Waste Papers, Reel Core, etc. according to customer specifications. Company purchase materials such as Kraft Paper, Duplex Board, etc. from individual paper mills and supply the same to customers in the Packaging Products Business like newspaper agencies, packaging product businesses etc.The company currently has three stocking facilities located in Ahmedabad, Gujarat, with certain processing facilities like sheet-cutting, rewinding, bailing, reel to sheet making etc. The KTL group consists of Kushal Infrastructure and Ashapura Paper Mills.
Objects of the Issue
Kushal Tradelink Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Purchase and set up a Corporate House
10.01
2
2 Long-term working capital requirement
15.75
3
3 General Corporate Purposes
1.09
4
4 Issue related Expenses
0.90
Shareholding & Lock-in
Pre-IPO Promoter Holding
1,57,98,661 shares
Post-IPO Promoter Holding
2,37,26,661 shares