KEW Industries IPO
KEW Industries IPO — date, price band, lot size & details 2006
KEW Industries listed on 25 Sep 2006 at ₹35.5, 18.3% above the ₹30 issue price.
KEW Industries is a Jalandhar based maker of defence stores such as shell bodies, railway components and automobile parts for original equipment makers. Its total income was Rs 39.65 crore in FY2006.
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 28 Aug 2006
- Close 01 Sep 2006
- Allotment TBA
- Refund/credit TBA
- Listing 25 Sep 2006
Issue summary
The terms of the offer, as filed.
| IPO Dates | 28 Aug to 1 Sep, 2006 |
|---|---|
| Price Band | TBA |
| Face Value | ₹10 |
| Lot Size | 170 Shares |
| Issue Size | ₹21 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 5,100 |
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 170 shares at the ₹30 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 170 | ₹5,100 |
| Retail (max) | 39 | 6,630 | ₹1,98,900 |
| S-HNI (min) | 40 | 6,800 | ₹2,04,000 |
| S-HNI (max) | 196 | 33,320 | ₹9,99,600 |
| B-HNI (min) | 197 | 33,490 | ₹10,04,700 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01It served 3 kinds of customers, defence, railways and automobiles, which spreads its risk.
- 02Profit after tax rose from Rs 1.74 crore in FY2004 to Rs 2.99 crore in FY2006.
- 03Net worth rose from Rs 10.43 crore in FY2004 to Rs 19.20 crore in FY2006.
- 04Rs 9.51 crore of the issue was for plant, machinery and civil structures.
Risks · 5
- 01Total income grew slowly, from Rs 38.28 crore in FY2005 to Rs 39.65 crore in FY2006.
- 02It had not yet placed orders for most of the capital goods for its expansion, for which Rs 9.51 crore was raised.
- 03Defence and railway orders depend on government buying; Rs 9.16 crore of the issue was for working capital.
- 04Return on net worth fell to 15.56% in FY2006 from 25.28% earlier in the period shown.
- 05Promoter holding fell from 54.61% before the issue to 24.94% after it.
Three years of numbers
All figures in ₹ crore, as reported in the KEW Industries offer document.
| Metric | 31 Mar 2006 | 31 Mar 2005 | 31 Mar 2004 |
|---|---|---|---|
| Total Income | 39.65 | 38.28 | 31.64 |
| Profit After Tax | 2.99 | 2.70 | 1.74 |
| NET Worth | 19.20 | 12.99 | 10.43 |
| Reserves and Surplus | 12.54 | 9.56 | 6.86 |
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 KEW Industries RHP.
Where the money goes
₹21.01 Cr of the issue is earmarked to named objects.
About the company
It makes and supplies defence stores and automobile components for original equipment makers, including components for railways, shell bodies for defence, and parts for passenger cars, tractors and heavy transport vehicles.
Its two plants are in Jalandhar, at the Focal Point and on Ladowali Road, with CNC and other machine tools.
The IPO was Rs 21 crore and was entirely a fresh issue at a fixed price of Rs 30. The money was for plant, machinery and civil works, R&D testing equipment and working capital.
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.
KEW Industries 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.
Keynote Financial Services
29 issues handledBest listing: Gravita India (+60.9%). Weakest: Vishal Information Technologies (-13.3%).
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 KEW Industries?
The current Grey Market Premium is ₹0.
What is the KEW Industries IPO price band?
₹30, on a face value of ₹10.
When is the allotment?
The basis of allotment is TBA, with listing on 25 September 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.
