Kaushalya Infrastructure Development Corp IPO
Kaushalya Infrastructure Development Corp IPO — date, price band, lot size & details 2007
Kaushalya Infrastructure Development Corp listed on 14 Dec 2007 at ₹79, 31.7% above the ₹60 issue price.
Kaushalya Infrastructure Development Corporation is a Kolkata based construction and infrastructure company that also ran a hotel in Jhargram, West Bengal. Its total income was Rs 54.81 crore in FY2007.
Stock price
Kaushalya Infrastructure Development Corp 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 13 November.
- Open 20 Nov 2007
- Close 23 Nov 2007
- Allotment TBA
- Refund/credit TBA
- Listing 14 Dec 2007
Issue summary
The terms of the offer, as filed.
| IPO Dates | 20 to 23 Nov, 2007 |
|---|---|
| Price Band | ₹50 – ₹60 |
| Face Value | ₹10 |
| Lot Size | 100 Shares |
| Issue Size | ₹51 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 6,000 |
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 100 shares at the ₹60 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 100 | ₹6,000 |
| Retail (max) | 33 | 3,300 | ₹1,98,000 |
| S-HNI (min) | 34 | 3,400 | ₹2,04,000 |
| S-HNI (max) | 166 | 16,600 | ₹9,96,000 |
| B-HNI (min) | 167 | 16,700 | ₹10,02,000 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 22.08 crore in FY2005 to Rs 54.81 crore in FY2007.
- 02Profit after tax rose from Rs 0.96 crore in FY2005 to Rs 3.82 crore in FY2007.
- 03Net worth rose from Rs 9.88 crore in FY2005 to Rs 22.75 crore on 30 June 2007.
- 04It had projects in 4 states.
Risks · 5
- 01Profit after tax was only Rs 3.82 crore on income of Rs 54.81 crore in FY2007.
- 02Income growth slowed, from Rs 50.61 crore in FY2006 to Rs 54.81 crore in FY2007.
- 03Rs 17.50 crore of the issue was for land and real estate development, a new line of business.
- 04Rs 12.00 crore was for BOT projects and joint ventures that were not yet built.
- 05Promoter holding fell from 91% before the issue to 51.54% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Kaushalya Infrastructure Development Corp offer document.
| Metric | 30 Jun 2007 | 31 Mar 2007 | 31 Mar 2006 | 31 Mar 2005 |
|---|---|---|---|---|
| Total Income | 16.21 | 54.81 | 50.61 | 22.08 |
| Profit After Tax | 1.09 | 3.82 | 3.19 | 0.96 |
| NET Worth | 22.75 | 21.66 | 14.71 | 9.88 |
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 Kaushalya Infrastructure Development Corp RHP.
Where the money goes
₹57.01 Cr of the issue is earmarked to named objects.
About the company
It works in two sectors, construction and infrastructure, and hotels. It began infrastructure work in 2001 and is based in eastern India, with projects in 4 states.
It also ran a hotel in Jhargram, West Bengal.
The IPO was Rs 51 crore and was entirely a fresh issue at Rs 60, the top of the Rs 50 to Rs 60 band. The money was for land and real estate development, BOT projects and joint ventures, working capital and equipment.
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.
Kaushalya Infrastructure Development Corp 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.
Srei Capital Markets Ltd
11 issues handledBest listing: Suryachakra Power Corp (+50.0%). Weakest: Vikash Metal & Power (-40.0%).
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 Kaushalya Infrastructure Development Corp?
The current Grey Market Premium is ₹0.
What is the Kaushalya Infrastructure Development Corp IPO price band?
₹50 to ₹60, on a face value of ₹10.
When is the allotment?
The basis of allotment is TBA, with listing on 14 December 2007.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private 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.
