Kamdhenu Ispat IPO
Kamdhenu Ispat IPO — date, price band, lot size & details 2006
Kamdhenu Ispat listed on 9 May 2006 at ₹31, 24% above the ₹25 issue price.
Kamdhenu Ispat makes TMT steel bars and lets franchisee plants make bars under its Kamdhenu brand for a royalty. Its total income was Rs 127.42 crore in FY2005.
Stock price
Kamdhenu Ispat is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 12 November.
- Open 03 Apr 2006
- Close 08 Apr 2006
- Allotment TBA
- Refund/credit TBA
- Listing 09 May 2006
Issue summary
The terms of the offer, as filed.
| IPO Dates | 3 to 8 Apr, 2006 |
|---|---|
| Price Band | TBA |
| Face Value | ₹10 |
| Lot Size | 200 Shares |
| Issue Size | ₹32 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 5,000 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 200 shares at the ₹25 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 200 | ₹5,000 |
| Retail (max) | 40 | 8,000 | ₹2,00,000 |
| S-HNI (min) | 41 | 8,200 | ₹2,05,000 |
| S-HNI (max) | 200 | 40,000 | ₹10,00,000 |
| B-HNI (min) | 201 | 40,200 | ₹10,05,000 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01It had a network of more than 1750 dealers and distributors.
- 02Its franchisee model earned royalty from plants in at least 6 locations making bars under the Kamdhenu brand, without its own investment in them.
- 03Total income rose from Rs 82.33 crore in FY2004 to Rs 127.42 crore in FY2005.
- 04Net worth rose from Rs 6.20 crore in FY2004 to Rs 11.33 crore on 31 December 2005.
Risks · 5
- 01Profit after tax was only Rs 1.71 crore on income of Rs 127.42 crore in FY2005, so margins were thin.
- 02Rs 28.88 crore of the issue was for working capital, as steel trading ties up cash.
- 03Its brand depends on franchisee plants keeping to its quality rules, while its own plant at Bhiwadi had only 99 staff.
- 04Steel bar prices follow the construction cycle; total assets were Rs 21.41 crore on 31 December 2005.
- 05Promoter group holding fell from 94.38% before the issue to 50.12% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Kamdhenu Ispat offer document.
| Metric | 31 Dec 2005 | 31 Mar 2005 | 31 Mar 2004 |
|---|---|---|---|
| Assets | 21.41 | 23.41 | 12.09 |
| Total Income | 98.44 | 127.42 | 82.33 |
| Profit After Tax | 1.89 | 1.71 | 1.15 |
| NET Worth | 11.33 | 7.72 | 6.20 |
| Reserves and Surplus | 5.86 | 2.63 | 2.42 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Kamdhenu Ispat RHP.
Where the money goes
₹33.77 Cr of the issue is earmarked to named objects.
About the company
It makes TMT bars using the Tempcore process at its plant in Bhiwadi, Rajasthan, and runs a franchisee model where other plants make steel bars under the Kamdhenu brand under its quality rules and pay it a royalty.
Its franchisee plants were in Rajasthan, Kanpur, Ghaziabad, Mandi Gobindgarh, Nalagarh and Baddi. It had a network of more than 1750 dealers and distributors and 122 employees.
The IPO was Rs 32 crore of fresh shares at a fixed price of Rs 25, with a green shoe option of Rs 342.20 lakh more. The money was mainly for long term working capital, a corporate office and stockyards.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Kamdhenu Ispat IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Chartered Capital & Investment Ltd
13 issues handledBest listing: Celestial Labs (+25.0%). Weakest: AMD Metplast (-2.7%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Kamdhenu Ispat?
The current Grey Market Premium is ₹0.
What is the Kamdhenu Ispat IPO price band?
₹25, on a face value of ₹10.
When is the allotment?
The basis of allotment is TBA, with listing on 9 May 2006.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — KFin Technologies Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
