PVC player Kaka Industries IPO – Do you Invest?

kaka industries ipo details, kaka industries IPO review, kaka industries IPO, kaka industries IPO price

Kaka Industries IPO Details at a Glance

  • Kaka Industries IPO Details
    • Subscription for this SME IPO is opens – 10 July to 12 July 2023.
    • The IPO consists of a fresh issue of 3,660,000 shares (aggregating up to ₹21.23 Cr)
    • IPO Price range – Rs 55 to Rs 58
    • There is no offer for sales in the IPO issue.
    • The Equity Shares have a face value of Rs 10 each.
    • The retail allocation is not less than 31.52% of the total size.
    • This SME IPO will be listed in BSE SME exchange.

Kaka Industries IPO Details – Subscription for this SME IPO is opening from Jul 10, 2023 to Jul 12, 2023. According to the prospectus, the IPO consists of a fresh issue of 36,60,000 shares. There is no offer for sales in the IPO issue. The Equity Shares have a face value of Rs 10 each. The retail allocation is not less than 31.52% of the total size. This SME IPO will be listed on the BSE SME exchange.

Kaka Industries IPO Review The Company Business Description

Headquartered in Ahmedabad, Gujarat,  Kaka Industries was incorporated in 2019 under the leadership of Mr. Rajeshbhai Gondaliya. Kaka Industries Limited is a leading manufacturer of PVC products in India. The company has a manufacturing facility with a capacity of 10,000 metric tons per annum.

The company’s product range includes PVC doors, PVC foam sheets, PVC sections, frames, kitchen furniture, PVC furniture, upvc fencing and tree guard, prefab house, uPVC window, WPC foam board, PVC false ceiling, wall paneling, and more. Kaka Industries’ products are available in a wide range of colors and finishes and are exported to countries all over the world.

Kaka Industries Business verticals can be segmented into

  1. PVC Doors, Kitchen Cabinet, and Furniture
  2. UPVC Window Profile
  3. WPC (Wood Polymer Composite)

The major portion of the revenue comes from the state of Gujarat (64.47%), followed by Telangana (9.03%), Maharashtra (6.18%), Karnataka (4.50%), and the remaining 15.81% from other 19 states & union territories.

Kaka Industries Footprints in India, Kaka Industries IPO

The Kaka Industries Founders and Leadership team

 Mr. Rajesh Dhirubhai Gondaliya has more than 20 years of experience in the field of PVC profiles and related products.

The Kaka Industries Revenue and Profit

The total income of the Company stood at ₹ 116.76 Cr., ₹ 117.10 Cr., ₹ 78.79 Cr. and ₹ 41.49 Cr. for the nine months ended Dec.’22 and fiscal ended 2022, 2021, and 2020 respectively.

The PAT for the nine months ended Dec.2022 and fiscal ended 2022, 2021, and 2020 stood at ₹ 3.85 Cr., ₹4.98 Cr., ₹ 3.03 Cr. and ₹ 1.41 Cr. respectively.

Time Period Ended31-Mar-2031-Mar-2131-Mar-2231-Mar-23
Total Assets2,190.683,568.024,614.766,767.00
Total Revenue4,148.747,879.0011,709.9815,887.70
Profit After Tax141.14302.51497.66718.50
Net Worth142.14743.651,241.311,956.88
Reserves and Surplus141.14493.65991.31956.88
Total Borrowing830.501,999.002,735.554,013.66
Amount in ₹ Lakhs

Objective Behind the Kaka Industries IPO

  • The company intends to utilize ₹730 Lakhs of the net proceeds to repay and/or pre-pay, in full or part, of certain borrowings.
  • The rest of the net proceeds will be utilized to meet the Working Capital requirements and General Corporate Purpose.

Peers of Kaka Industries

Some of the major competitors in the organized segment are

  • Dhabriya Polywood Limited,
  • Sintex Plastics Technology Limited
  • Fenesta Building Systems – (A division of DCM Shriram Limited)

Kaka Industries IPO Details: Do you invest?

  • The plastics industry is currently home to about 50,000 industries, most of which are micro, small, and medium-sized enterprises (MSMEs).  
  • The Construction industry in India is expected to do well in the next decade due to growth in the Indian economy.
  • Financially, the company is doing good in terms of revenue. The revenue from the operation has doubled from FY2020 to FY2021.
  • However, the company does have financial records for more than five years to understand the long-term growth.
  • The entry barrier in this industry is easy. It is easy for new competitors to enter and exist in this industry. That may reduce the demand for its Products.
  • The company is highly concentrated in the state of Gujarat. The company earns 64.47% of its revenue from Gujarat.
  • Looking at the financials and factors mentioned above, I would prefer to avoid investing in this SME IPO at the moment.

kaka Industries IPO Price and Other details

kaka Industries IPO Detailskaka Industries IPO Price
and other details
IPO DateJul 10, 2023 to Jul 12, 2023
IPO Price band₹55 to ₹58 per share
IPO Allotment dateMonday, 17 July 2023
Refunds Initiation dateTuesday, 18 July 2023
Credit of Shares to Demat AccountWednesday, 19 July 2023
Kaka Industries IPO Listing DateThursday, 20 July 2023
Fresh Issue3,660,000 shares
(aggregating up to ₹21.23 Cr)
Offer for SaleNil
Maximum bid (lot size) 
For retail investor    
1 lot of 2000 shares
Total Investment of ₹116,000
Minimum bid (lot size)    
For retail investor                                                 
1 lot of 2000 shares
Total Investment of ₹116,000
Face ValueINR 10 per share
Listing on BSE SME Exchange
Kaka Industries IPO

Kaka Industries IPO Lead Managers & Registrar

Lead ManagerRegistrar
Hem Securities LimitedBigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/

kaka Industries Company Contact Information

Kaka Industries Limited
Plot No. 67, Bhagwati Nagar,
Opp Nilkanth Arcade, Opp. Kathwada GIDC,
Kuha-Kanbha Road Ahmedabad -382415
Phone: +91-80004-46524
Email: investors@kakaprofile.com
Website: https://kakaprofile.com/

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