Kaka Industries Limited IPO : All You Need to Know

Kaka Industries Limited IPO is set to launch on 10 July 2023. The company initiated its business operations in the year 2019. The company makes polymer based profiles for application in windows, doors, false ceilings, partitions, kitchen cabinets, wall paneling and other exterior and interior doors. Kaka Industries has more than 1200 units in its SKU. The company also deals into fabrication of Solid PVC Doors and Factory made PVC Doors. It has 3 manufacturing facilities in Zak which has a capacity of 15425 MT for PVC profile, 2022 M T for uPVC door and window profile and 2995 MT for WPC profile and sheet. It has 3 distribution depots. One is in Telangana, one in Uttar Pradesh and the last one in Gujarat.

Kaka Industries Limited IPO DETAILS

Kaka Industries Limited IPO is set to launch on 10 July, 2023. The subscription timeline extends till 12 July, 2023. The size for the IPO is 21.23 Crore Rs. Shares issued through fresh issue mode are worth 21.23 Crore Rs. No Shares are issued through offer for sale mode. The lot size is 2000 shares and the price is 55 to 58 Rs per share. The company is going to get listed at BSE SME. The face value per share is Rs.10 and this is a Book Built issue. The registrar for the company is BigShare Services Private Limited.

Tabular Description of Kaka Industries Limited IPO 

Kaka Industries Limited IPO : IMPORTANT DATES

Kaka Industries Limited IPO begins for subscription from 10 July 2023. The IPO subscription would continue till 12 July, 2023. The allotment status for the shareholders who applied would come on 17 July, 2023. The refunds for the ones who did not get allotment would be initiated on 18 July, 2023. The DEMAT accounts of shareholders would be credited on 19 July, 2023. The listing of the company would be completed on 20 July, 2023.

Kaka Industries Limited IPO : Lead Managers

The lead managers are :

• Hem Securities Limited.

The minimum lot size for the company is decided at 2000 shares. This holding accounts to 116000 Rs.. The maximum lot size is decided at 4000 shares (HNI). This amounts to 232000 Rs.. Hence the company’s final holdings would be set as :

OBJECTIVES FOR THE IPO

• IPO proceeds would be used for general corporate purposes.
• The company will use the IPO money for further working capital requirements.
• The IPO Money can also be used for repayment of the company’s borrowings.

COMPANY FINANCIALS

Kaka Industries Limited had an asset base of 3568 Lakh Rs in 2021 which increased to 4614 Lakh Rs in 2022 and 6767 Lakh Rs in 2023. The company’s revenue was 7879 Lakh Rs in 2021 which increased to 11709 Lakh Rs in 2022 and 15887 Lakh Rs in 2023. The company has been profitable at 302 Lakh Rs in 2021, 497 Lakh Rs in 2022 and 719 Lakh Rs in 2023.

PROS

• It has has more than 1200 units in its SKU.
• Kaka Industries also deals into fabrication of Solid PVC Doors and Factory made PVC Doors. 
• The company has 3 manufacturing facilities in Zak which has a capacity of 15425 MT for PVC profile, 2022 M T for uPVC door and window profile and 2995 MT for WPC profile and sheet. 
• It has 3 distribution depots. One is in Telangana, one in Uttar Pradesh and the last one in Gujarat.

CONS

• The company works in a highly competitive segment.

Kaka Industries Limited IPO Application Process with Zerodha

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

1.   Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
2.   Click the Kaka Industries Limited IPO button and press the BID button.
3.   Entering the details asked for like UPI ID, Quantity and price.
4.   Submit the application form for the IPO.
5. Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.