Kaka Industries Ltd IPO
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Kaka Industries Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 36.6 L | TBA | ₹ 12.14 L | ₹ 57.72 L | BSE | ₹ 21.23 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 10 Jul, 23 | 12 Jul, 23 | 2000 | ₹ 1,10,000 | Book Building - SME | 19 Jul, 23 |
Kaka Industries Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Plastics Products |
| Sub Sector | NA |
| Issue Type | Book Building - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 0x | 1732000 | 0 |
| NII | 0x | 522000 | 0 |
| Retail | 0x | 1214000 | 0 |
| Employee | 0x | 0 | 0 |
| Total | 0x | 3660000 | 0 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Kaka Industries Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 19.12 | 158.50 | 7.84 |
| EBITDA | 20.88 | 12.74 | 8.91 |
| PAT | 13.00 | 7.20 | 5.04 |
| Total Assets | 44.97 | 40.34 | 34.65 |
| Share Capital | 13.66 | 10.00 | 2.50 |
| Total Borrowings | 42.75 | 35.28 | 27.23 |
| Operating Activities (Net Cash) | 14.76 | 8.56 | 6.11 |
| Investing Activities (Net Cash) | -5.14 | -7.00 | 0.14 |
| Financing Activities (Net Cash) | 42.75 | 35.28 | 27.23 |
| Net Cashflow | 1.74 | 7.00 | 0.10 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Kaka Industries Ltd
Kaka Industries Limited was originally incorporated as a private limited Company under the name of Kaka Industries Private Limited on June 21, 2019 under the provisions of the Companies Act, 2013 with the Registrar of Companies, Ahmedabad bearing registration number as 108782. Thereafter, the Company was converted from private limited to public limited and the name of the Company was changed from Kaka Industries Private Limited to Kaka Industries Limited vide fresh certificate of incorporation dated March 14, 2023, issued by the Registrar of Companies, Ahmedabad, Gujarat.
There have been phenomenal advancements in the petrochemical industry, and combined with the progress in the plastic machinery sector, they have helped forward the plastic processing industry immensely. This has made it easier for plastic processors to increase their capacity to serve both the domestic and international markets. The consumption of plastics in India has significant regional variation, with Western India accounting for 47%, Northern India for 23%, and Southern India for 21%.The plastics industry is currently home to about 50,000 industries, most of which are MSMEs. These enterprises contribute Rs. 3.5 lakh crore (US$ 42.89 billion) to India's economy and employ more than 50,000 people.
Kaka Industries Limited is a PVC profile brand, focused primarily on manufacturing of polymer-based profiles which finds application in doors, windows, partitions, false ceilings, wall paneling, kitchen cabinets & other interior works. Its product portfolio has over 1200 SKU's covering PVC Profile, uPVC door & window profile, WPC Profile & sheet in various sizes, specifications and colours. The Company is also engaged in fabrication of factory-made PVC & Solid PVC doors.
Peer Comparison:
- Dhabriya Polywood Ltd
- Sintex Plastics Technology Ltd
Kaka Industries Ltd IPO Key Points
Strengths
- Extensive network of dealers covering major parts of India.
- Wide Range of Products.
- Stringent quality control mechanism ensuring standardized product quality.
- In-house Manufacturing capabilities.
- Synergy of young and experienced management team with a committed employee base.
Risk
- The company has a limited operating and financial history, which makes it difficult to accurately assess its future growth prospects. Further, the company restated financial statements for Fiscal 2020 (June 21, 2019 to March 31, 2020) and Fiscal 2021 and 2022 are not comparable due to the Company's formation in June 2019.
- The company operate in a price sensitive industry wherein the purchasing decisions of consumers are highly influenced by the product price. Its inability to continue to offer the compay products at competitive prices may adversely affect its business, results of operations and financial condition.
- The company face competition, including from other large and established competitors, and its may fail to compete successfully against existing or new competitors, which may reduce the demand for the company Products which may lead to reduced prices, operating margins, profits and further result in decline in revenue.
Strategy
- Strengthen its brand image.
- Setup of new integrated manufacturing facility.
- Expand its domestic presence in existing and new markets.
- Focus on consistently meeting quality standards.
- Maintaining cordial relationship with its Suppliers, Customer and employees.
- Extensive network of dealers covering major parts of India.
- Wide Range of Products.
- Stringent quality control mechanism ensuring standardized product quality.
- In-house Manufacturing capabilities.
- Synergy of young and experienced management team with a committed employee base.
How To Apply for Kaka Industries Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.
