S H Kelkar and Company IPO
S H Kelkar and Company IPO — date, price band, lot size & details 2015
S H Kelkar and Company listed on 16 Nov 2015 at ₹223.7, 24.3% above the ₹180 issue price.
S H Kelkar and Company (Keva) is the largest fragrance and flavour company in India by revenue, with roots going back to 1922. Its total income was Rs 505.08 crore in FY2015.
Stock price
S H Kelkar and Company 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 15 November.
- Open 28 Oct 2015
- Close 30 Oct 2015
- Allotment 09 Nov 2015
- Refund/credit TBA
- Listing 16 Nov 2015
Issue summary
The terms of the offer, as filed.
| IPO Dates | 28 to 30 Oct, 2015 |
|---|---|
| Price Band | ₹173 – ₹180 |
| Face Value | ₹10 |
| Lot Size | 80 Shares |
| Issue Size | ₹508.17 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 14,400 |
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 80 shares at the ₹180 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 80 | ₹14,400 |
| Retail (max) | 13 | 1,040 | ₹1,87,200 |
| S-HNI (min) | 14 | 1,120 | ₹2,01,600 |
| S-HNI (max) | 69 | 5,520 | ₹9,93,600 |
| B-HNI (min) | 70 | 5,600 | ₹10,08,000 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01It was the largest fragrance and flavour company in India, with about 12.0% market share.
- 02Total income rose from Rs 343.69 crore in FY2013 to Rs 505.08 crore in FY2015.
- 03Profit after tax rose from Rs 21.38 crore in FY2013 to Rs 54.97 crore in FY2015.
- 04It has four plants, including one in the Netherlands, with over 19,819 tons of capacity.
Risks · 5
- 01Rs 298.17 crore of the Rs 508.17 crore issue went to selling investors.
- 02Fragrance and flavour raw materials, often natural, can be volatile in price; EBITDA was Rs 96.47 crore in FY2015.
- 03It competes with large global fragrance houses; its share was about 12.0%.
- 04Its plant in the Netherlands brings currency and overseas risk; total assets were Rs 554.41 crore.
- 05Promoter holding fell from 64.22% before the issue to 56.71% after it.
Three years of numbers
All figures in ₹ crore, as reported in the S H Kelkar and Company offer document.
| Metric | 30 Jun 2015 | 31 Mar 2015 | 31 Mar 2014 | 31 Mar 2013 |
|---|---|---|---|---|
| Assets | 556.79 | 554.41 | 494.83 | 481.26 |
| Total Income | 139.63 | 505.08 | 403.52 | 343.69 |
| Profit After Tax | 15.83 | 54.97 | 43.88 | 21.38 |
| EBITDA | 27.69 | 96.47 | 84.70 | 66.09 |
| NET Worth | 325.83 | 310.00 | 270.16 | 255.98 |
| Reserves and Surplus | 184.36 | 168.53 | 256.01 | 243.95 |
| Total Borrowing | - | - | 95.90 | 76.63 |
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 S H Kelkar and Company RHP.
Where the money goes
₹89.55 Cr of the issue is earmarked to named objects.
S H Kelkar and Company IPO Anchor Investors
17 anchor investors across 10 fund houses committed ₹152.44 Cr a day before the issue opened.
Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.
About the company
Its journey began in 1922 as a maker of industrial perfumes.
It has four manufacturing facilities, three in India and one in the Netherlands, with total installed capacity of over 19,819 tons a year.
The IPO was Rs 508.17 crore, with Rs 210.00 crore of fresh issue and Rs 298.17 crore of offer for sale by investors including Blackstone, at Rs 180, the top of the Rs 173 to Rs 180 band. The fresh money was for working capital and general purposes.
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.
S H Kelkar and Company 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.
JM Financial Ltd.
172 issues handledBest listing: Tata Technologies (+140.0%). Weakest: ACME Solar Holdings (-13.1%).
Kotak Mahindra Capital Company Limited
204 issues handledBest listing: Premier Energies (+120.0%). Weakest: Puravankara Projects (-22.5%).
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 S H Kelkar and Company?
The current Grey Market Premium is ₹0.
What is the S H Kelkar and Company IPO price band?
₹173 to ₹180, on a face value of ₹10.
When is the allotment?
The basis of allotment is 9 November 2015, with listing on 16 November 2015.
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.
