Kaarya Facilities & Services Ltd is a leading integrated Facilities and Property Management company established in 2009. The company offers a wide range of services, including cleaning and hygiene, housekeeping, pantry, MEP (Mechanical, Electrical, Handyman services – repair & maintenance), pest control, landscaping, guest house management, and facade cleaning, to corporate, SMEs, government institutions, and residential segments. The company has a diversified customer base, and their services are designed to cater to the specific needs of each client.
The company’s revenue primarily comes from the deployment of personnel for soft services such as housekeeping services, help desk management, office administration executives, and pantry & steward services. However, Kaarya Facilities & Services Ltd is gradually expanding into providing hard services, such as tank cleaning, pest control, and contract management. The company also focuses on women empowerment and employment of disabled people wherever possible, with the agreement of the client.
Kaarya Facilities IPO Details
| IPO Date | Oct 12, 2017 to Oct 17, 2017 |
| Listing Date | Oct 27, 2017 |
| Face Value | ₹10 per share |
| Price | ₹40 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 1,599,000 shares (aggregating up to ₹6.40 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
Kaarya Facilities IPO Listing Details
| Listing Date | Oct 27, 2017 |
| BSE Script Code | 540756 |
| NSE Symbol | |
| ISIN | INE282Y01016 |
| Final Issue Price | ₹40 per share |
Industry Overview
The Facilities and Property Management industry in India has been growing rapidly due to the increasing demand for organized facilities and property management services across various sectors such as commercial, residential, and institutional. The industry has been experiencing a Compound Annual Growth Rate (CAGR) of around 15% over the past few years. The growth in the industry is mainly driven by factors such as rising urbanization, increasing construction activities, and the growing awareness among people regarding the benefits of outsourcing property and facility management services.
Moreover, the COVID-19 pandemic has increased the demand for cleaning and sanitization services, which is expected to further fuel the growth of the industry in the coming years. Kaarya Facilities & Services Ltd is well positioned to leverage the growth opportunities in the industry and expand its services to cater to the evolving needs of its clients.
Company Financials
| Kaarya Facilities and Services’ financial performance (in INR lakh) | ||||||
| FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | ||
| Total revenue | 492.4 | 848.1 | 807.8 | 841.0 | 1,067.1 | |
| Total expenses | 450.6 | 783.4 | 726.1 | 745.5 | 897.8 | |
| Profit after tax | 5.0 | 1.1 | 14.5 | 18.6 | 57.1 | |
Objects of the Issue
The objects of the Issue are:
1. Meeting Additional Working Capital Requirements
2. Purchase of Equipment
3. Purchase of ERP Software
4. Purchase of Employee Uniforms
Company Contact Information
Kaarya Facilities & Services Ltd
217, Gemstar Commercial Complex,
Ramchandra Lane Extn.,
Malad (West), Mumbai � 400 064
Phone: +91 22 4003 0768
Email: info@kaarya.co.in
Website: http://www.kaarya.co.in
Kaarya Facilities IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://karisma.kfintech.com/
Kaarya Facilities IPO Lead Manager(s)
- First Overseas Capital Limited (Past IPO Performance)
