K.M.Sugar Mills IPO
K.M.Sugar Mills IPO — date, price band, lot size & details 2005
K.M.Sugar Mills listed on 14 Nov 2005 at ₹65, 25% above the ₹52 issue price.
K.M. Sugar Mills is a sugar company in Faizabad district, Uttar Pradesh, promoted by the Jhunjhunwala family. Its total income was Rs 119.50 crore in the period to June 2005.
Stock price
K.M.Sugar Mills 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 14 Oct 2005
- Close 19 Oct 2005
- Allotment 09 Nov 2005
- Refund/credit TBA
- Listing 14 Nov 2005
Issue summary
The terms of the offer, as filed.
| IPO Dates | 14 to 19 Oct, 2005 |
|---|---|
| Price Band | TBA |
| Face Value | ₹10 |
| Lot Size | 100 Shares |
| Issue Size | ₹33.28 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 5,200 |
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 ₹52 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 100 | ₹5,200 |
| Retail (max) | 38 | 3,800 | ₹1,97,600 |
| S-HNI (min) | 39 | 3,900 | ₹2,02,800 |
| S-HNI (max) | 192 | 19,200 | ₹9,98,400 |
| B-HNI (min) | 193 | 19,300 | ₹10,03,600 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 86.01 crore in the year to September 2004 to Rs 119.50 crore in the period to June 2005.
- 02Net worth rose from Rs 22.27 crore to Rs 27.34 crore.
- 03It has sugar, distillery and power businesses, 3 sources of income from cane.
- 04The whole Rs 33.28 crore issue was fresh money for the company.
Risks · 5
- 01Its sugar recovery from cane was low compared with other Indian companies, as disclosed in the prospectus; reserves were Rs 16.48 crore.
- 02Profit after tax fell from Rs 5.14 crore in the year to September 2004 to Rs 2.46 crore in the period to June 2005.
- 03Sugar and cane prices are set largely by government policy; profit was thin on income of Rs 119.50 crore.
- 04It depends on a few senior managers; the issue was Rs 33.28 crore.
- 05Promoter group holding fell from 100% before the issue to 65.22% after it.
The numbers
All figures in ₹ crore, as reported in the K.M.Sugar Mills offer document.
| Metric | 30 Jun 2005 | 30 Sep 2004 |
|---|---|---|
| Total Income | 119.50 | 86.01 |
| Profit After Tax | 2.46 | 5.14 |
| NET Worth | 27.34 | 22.27 |
| Reserves and Surplus | 16.48 | 20.49 |
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 K.M.Sugar Mills RHP.
Where the money goes
₹37.56 Cr of the issue is earmarked to named objects.
About the company
It makes sugar from cane and also has distillery and cogeneration businesses.
The prospectus said its sugar recovery from cane was low compared with other companies in India, and it had redeemed non convertible debentures.
The IPO was Rs 33.28 crore and was entirely a fresh issue at Rs 52 per share, with a face value of Rs 10.
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.
K.M.Sugar Mills 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.
Standard Chartered Securities (India) Ltd
24 issues handledBest listing: Vivimed Labs (+87.1%). Weakest: Abhishek Mills (-14.9%).
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 K.M.Sugar Mills?
The current Grey Market Premium is ₹0.
What is the K.M.Sugar Mills IPO price band?
₹52, on a face value of ₹10.
When is the allotment?
The basis of allotment is 9 November 2005, with listing on 14 November 2005.
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.
