Kshitij Polyline Limited IPO

Add to Calendar 2018-09-21 12:00 AM 2018-09-27 12:00 AM Asia/Kolkata Kshitij Polyline Limited IPO Kshitij Polyline Limited India

Kshitij Polyline Limited is involved in manufacturing, supplying and distributing a wide variety of Smart I.D. Card Products, Binding & Lamination equipment, Stationary Products and related materials and accessories.

Date of Establishment: The company was incorporated on 26th March 2008 as a private limited company ‘Kshitij Polyline Private Limited’ in Mumbai. Subsequently, the company was reconstructed to public limited company renamed to ‘Kshitij Polyline Limited’ on 19th January 2018.

Promoters of Kshitij Polyline Limited: Mr Bharat Hemraj Gala, Hemraj Bhimshi Gala and Rita Bharat Gala are the promoters of Kshitij Polyline Limited.

Products and Services Offering: The company has a widely diversified product that includes:

  • - Office Stationery and Utility products

  • - Wiro and Spiral

  • - Laminated Sheet and PP Sheet

  • - Personalised Products

Customer Segments: The company has a diversified customer segment that is spread across national and international countries including Argentina, Sri Lanka, Netherlands, Bhutan, Spain, Kenya, Turkey and Saudi Arabia among others.

Objects of Kshitij Polyline Limited IPO: The main objectives of Kshitij Polyline Limited IPO are:

  • - To utilise the proceeds for buying Machinery and Equipment for manufacturing of Laminated sheet, Wiro and PP Sheet.

  • - Working Capital Requirement.

  • - General Corporate Purposes.

  • - Issue Expenses.

Capital Financials:

Summary of Financial Information (Restated)


For the year/period ended (in Rs. Lakhs)

3 -Mar-18

3 -Mar-17

3 -Mar-16

3 -Mar-15

3 -Mar-14

Total Assets

2 477.39

1 719.42

1 483.16

1 422.31

1 309.95

Total Revenue

2 743.25

1 701.04

1 557.20

1 239.14

1 267.65

Profit After Tax

1 5.62

2 .78

1 .94

1 .27


Issue Detail

  • Issue Open: Sep 21, 2018
  • Issue Close: Sep 27, 2018
  • Issue Type: Fixed Price Issue IPO
  • Face Value: Rs 10 Per Equity Share
  • Price Band: Rs 35 Per Equity Share
  • Bid Lot:4000 Shares
  • Minimum Order Quantity:4000 Shares
  • Listing At: NSE SME
  • Issue Size: • Rs 8.75 Cr

Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & Time QIB NII RII Employee Others Total
Shares Offered / Reserved - 1,184,000 1,184,000 - - 2,368,000
Day 1 - Sep 21, 2018IST - 0.22x 0.18x - - 0.20x
Day 2 - Sep 24, 2018IST - 0.49x 0.30x - - 0.39x
Day 3 - Sep 25, 2018IST - 0.53x 0.43x - - 0.48x
Day 4 - Sep 26, 2018IST - 0.66x 0.65x - - 0.65x
Day 5 - Sep 27, 2018IST - 1.88x 1.02x - - 1.45x

Listing Day Trading Information

Issue Price - Rs 35.00
Open - Rs 34.50
Low - Rs 34.50
High - Rs 35.95
Last Trade - Rs 35.95
Volume - 8,000

Kshitij Polyline Limited Red Herring Prospectus

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