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Kaarya Facilities & Services Ltd IPO

SME

Issue Open Oct 12, 2017
Issue Close Oct 17, 2017
Price Band ₹ 40
Face Value Rs 10 Per Equity Share
Issue Size ₹ 6.40 Cr
Listing Exchange BSE SME
Issue Type Fixed Price Issue IPO
Cut off time for UPI Mandate Confirmation -
Allotment Details -
Refunds -
Credit of Shares to Demat -
Listing On Oct 27, 2017
About the company:

 

Kaarya Facilities and service is an Integrated Facilities and Property Management company. The company has built in training and development programs. As on June 30,2017, it had 297 personals deployed across various locations. They follow asset light business model where cost of capital expenditure is low but cost of working capital is high.

 

Date of establishment: Kaarya Facilities & services Limited was established in 2009

 

 

Product & Service Offering: They offer cleaning and hygiene services, housekeeping, pantry, Mechanical, Electrical, Handyman services - repair & maintenance (MEP), Pest Control, Landscaping and Guest House management.

 

Promoters of Kaarya Facilities & services ltd.: Mr. Vineet Pandey and Mr. Vishal Panchal are the Promoters of the Kaarya Facilities & services.

 

Customer segment: It caters to corporate, SMEs, Government institutions and Residential Segments.

 

Objects of the Issue: The objects of the Offer is to:-
-      To Finance additional Working capital requirement
-      To Finance Purchase of Equipment
-      To Finance Purchase of ERP Software
-      To Finance Purchase of Employee Uniform

 

Company Financials:

 

Kaarya Facilities and Services financial performance (in INR lakh)

   

FY2013

FY2014

FY2015

FY2016

FY2017

Total Assets

 

333.04

506.09

473.43

553.46

661.92

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

 

 

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