Business description from prospectus – Kaarya Facilities and Services is a leading integrated Facilities and Property Management company. It offers its services to corporate, SMEs, Government institutions and Residential Segments. Its strength lies in Housekeeping, Integrated Facilities Management and Premium Housing socities management.
The company has built in-house training and development programs. Its training covers On-Site rules and regulations, Processes; Soft skills, Hard Skills across housekeeping, maintenance, customer services, back office and EHS Training – Environment, Health, Safety – Fire etc.
As on June 30, 2017, it had 297 personnel deployed. The company operates on an asset-light model with low capital expenditure requirements and high working capital requirements. Currently, majority of its revenues is from deployment of personnel for soft services comprising of housekeeping services, help desk management, office administration executives, and pantry & steward services. It is increasingly being perceived as office & building management partners by its clients, thus gradually also developing into suppliers of all aspects of building maintenance and operations services including technical services & other hard services such as tank cleaning, pest control, contracts management & more.
Promoters of Kaarya Facilities and Services – Vineet Pandey and Vishal Panchal
|
Kaarya Facilities and Services IPO details |
|
| Subscription Dates | 12 – 17 October 2017 |
| IPO Price band | INR40 per share |
| Fresh issue | 1,599,000 shares (INR6.39 crore) |
| Offer for sale | Nil |
| Total IPO size | 1,599,000 shares (INR6.39 crore) |
| Minimum bid (lot size) | 3,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME platform |
|
Kaarya Facilities and Services’ financial performance (in INR lakh) |
||||||
| FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | ||
| Total revenue | 492.4 | 848.1 | 807.8 | 841.0 | 1,067.1 | |
| Total expenses | 450.6 | 783.4 | 726.1 | 745.5 | 897.8 | |
| Profit after tax | 5.0 | 1.1 | 14.5 | 18.6 | 57.1 | |
Kaarya Facilities and Services Limited
217, Gemstar Commercial Complex
Ramchandra Lane Extn., Malad (W)
Mumbai – 400 064
Phone: +91 22 4003 0768
Email: [email protected]
Website: www.kaarya.co.in
| Day |
Subscription (no. of times) |
| Day 1 | NA |
| Day 2 | 0.40 |
| Day 3 | 2.25 |
| Day 4 | 19.01 |
Â
Earnings Per Share (EPS): INR2.73
Price/Earnings (P/E) ratio: 14.67
Return on Net Worth (RONW): 28.54%
Net Asset Value (NAV): INR17.26 per share
Karvy Computershare Private Limited
Karvy Selenium Tower B, Plot 31-32,
Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana
Phone:Â +91 40 6716 2222Â
Fax:Â +91 40 2343 1551Â
Email: [email protected]
Website:Â www.karvycomputershare.com
Kaarya Facilities and Services IPO allotment status is now available on Karvy Computershare’s website. Click on this link to get allotment status.
IPO Opening Date: 12 October 2017
IPO Closing Date: 17 October 2017
Listing Date: 27 October 2017
Listing Price on BSE SME: INR43.8 per share (up 9.5% from IPO price)
Closing Price on BSE SME: INR48 per share (up 20% from IPO price)
should we buy this?
How to buy & sell sme shares through d mat ac (