Karnimata Cold Storage Ltd IPO

IPO Synopsis

Public issue of 15,18,000 equity shares of Rs. 10/- each (equity shares) of Karnimata Cold Storage Limited (kcsl or the company or the issuer) for cash at a price of Rs. 20/- per share (the issue price), aggregating to Rs. 3.04 crores (the issue), of which, 1,62,000 equity shares of Rs. 10/- each will be reserved for subscription by the promoters (the promoters contribution) and 78,000 equity shares of Rs. 10/- each will be reserved for subscription by market makers to the issue (the market maker reservation portion). The issue less the promoters contribution and the market maker reservation portion i.e. Issue of 12,78,000 equity shares of Rs. 10/- each is hereinafter referred to as the net issue. The issue and the net issue will constitute 29.85% and 25.14%, 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 is 2 times of the face value.