Kshitij Polyline IPO Overview – Kshitij Polyline is involved in manufacturing, marketing, sourcing of Plastic Sheet, lamination sheet, folders, I card and files having wide application in printing and stationery. The company has developed the skill and expertise in designing and innovation in office stationery, calendar, dairy and student study materials of different variety colours, design and application. It has also developed the In-house technical & Design team to provide stationery solution and implementation for calendar, diary, books as replacement of traditional material with new and innovative PP material.
The company has regular business from existing clients such as Navneet Publication, Anupam Stationery, Events and Media Organisers of conference and Exhibition. The company has developed the regular whole sellers and distributors for supply of laminated sheet, PP sheet, office stationery and allied products. KPL has established own distribution and marketing network in Pan India Basis. The company is now planning for business expansion through state of art manufacturing facility. It has plan to develop logistic & warehousing facility in Delhi, Jaipur, Culcutta, Hydrabad, Banglore, Chennai and Pune.
Promoters of Kshitij Polyline – Bharat Hemraj Gala, Hemraj Bhimshi Gala and Rita Bharat Gala
| Kshitij Polyline IPO details | |
| Subscription Dates | 21 – 27 September 2018 |
| IPO Price band | INR35 per share |
| Fresh issue | 2,500,000 shares (INR8.75 crore) |
| Offer for sale | Nil |
| Total IPO size | 2,500,000 shares (INR8.75 crore) |
| Minimum bid (lot size) | 4,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge SME platform |
Use of funds
- Purchase of Machinery and Equipment to manufacture the Laminated sheet, Wiro and PP Sheet suitable for stationery and office products – INR4.28 crore
- Working Capital Requirements – INR3.25 crore
- General Corporate Purposes – INR0.77 crore
- Issue Expenses – INR0.45 crore
| Kshitij Polyline’s financial performance (in INR crore) | ||||||
| FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | 9M FY2018 | |
| Total revenue | 13.3 | 12.7 | 12.4 | 15.6 | 17.0 | 17.0 |
| Total expenses | 13.2 | 12.5 | 12.1 | 15.3 | 16.6 | 15.9 |
| Profit after tax | 0.08 | 0.11 | 0.16 | 0.20 | 0.28 | 0.85 |
Kshitij Polyline’s Contact Details
Kshitij Polyline Limited
8, Sona Udyog, Parsi Panchayat Road,
Andheri East
Mumbai – 400069
Phone: +91 022 42234107
Email: : [email protected]
Website: www.kshitijpolyline.co.in
Kshitij Polyline IPO Subscription Details
| Day | Subscription (no. of times) |
| Day 1 | 0.19 |
| Day 2 | 0.37 |
| Day 3 | 0.45 |
| Day 4 | 0.62 |
| Day 5 | 1.37 |
Kshitij Polyline Valuation (For latest FY)
Earnings Per Share (EPS): INR1.18
Price/Earnings (P/E) ratio: 29.66
Return on Net Worth (RONW): 6.8%
Net Asset Value (NAV): INR13.7 per share
Registrar of Kshitij Polyline IPO
Bigshare Services Private LimitedÂ
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E)
Mumbai – 400 072
Phone:Â +91 22Â 4043 0200Â
Fax:Â +91 22Â 2847Â 5201
Email:Â [email protected]
Website:Â www.bigshareonline.com
Kshitij Polyline IPO Allotment Status
Kshitij Polyline IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Listing performance of Kshitij Polyline
IPO Opening Date: 21 September 2018
IPO Closing Date: 27 September 2018
Listing Date: 8 October 2018
Listing Price on NSE SME: INR35.5 per share (up 1.43% from IPO price)
Closing Price on NSE SME: INR35 per share (no change from IPO price)
