Karnavati Finance Ltd IPO

Closed

IPO Subscription Details

  • Open Date 19 Jan
  • Close Date 21 Jan
  • Lot Size 10000
  • IPO Size ₹ 2.58 Cr
  • IPO Price Range ₹ 10
  • Min Investment ₹ 100000

IPO Synopsis

Public issue of 25,80,000 equity shares of Rs. 10/- each of Karnavati Finance Limited (KFL or the company or the issuer) for cash at a price of Rs. 10/- per share (the issue price) aggregating to Rs. 2.58 crores (the issue), of which 1,40,000 equity shares of Rs. 10 each will be reserved for subscription by market maker to the issue (the market maker reservation portion). The issue less the market maker reservation portion i.e. Issue of 24,40,000 equity shares of Rs. 10 each at a price of Rs. 10 aggregating to Rs. 2.44 crores is herein after referred to as the net issue. The issue and the net issue will constitute 30.86% and 29.19%, respectively of the post issue paid up equity share capital of the company The face value of the equity shares is Rs. 10 each and the issue price of Rs. 10, is 1(One) time of the face value.

How to apply for IPO?

  • Login to your 5paisa account and select the issue in the current IPO section

  • Enter the number of lots and price at which you wish to apply for

  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange

  • You will receive a mandate notification to block funds in your UPI app

  • Approve the mandate request on your UPI and funds will be blocked

Contact Details of Karnavati Finance Ltd IPO

Contact Information

Address

705 Palm Spring Centre,
Link Road Malad (West),
Mumbai, Maharashtra 400064

Karnavati Finance Ltd IPO Lead Manager

Corporate Strategic Allianz Ltd