Kshitij Polyline IPO is all set to make its debut on 21st Sept 18 with 8.75Cr is a company engaged in the business of manufacturing, marketing, and sourcing of Plastic Sheet, Lamination Sheet, Folders, I-cards, and files. The products have wide application in printing and stationery.
Kshitij Polyline IPO – overview
| IPO Dates | 21-27 sept 18 |
| IPO Price | INR 35 per share |
| Fresh issue | – |
| Offer For Sale | Nil |
| Total IPO size | 2,500,000 shares (INR 19.99 crore) |
| Minimum bid (lot size) | 4000 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge |
Kshitij Polyline IPO – Tentative Dates
| IPO Offer Opening Date | 21 Sept 2018 |
| IPO Closing Date | 27 Sept 2018 |
| Finalization of Basis of Allotment | 3 Oct 2018 |
| Initiation of refunds | 4 Oct 2018 |
| Transfer of shares to demat accounts | 5 Oct 2018 |
| IPO Listing Date | 8 Oct 2018 |
Company Overview
Incorporated in 2008, Mumbai based Kshitij Polyline Limited is a company engaged in the business of manufacturing, marketing, and sourcing of Plastic Sheet, Lamination Sheet, Folders, I-cards, and files. The products have wide application in printing and stationery. Since its incorporation, the company has developed and launched over 125 products range in File, Folder & Diary under its brands ‘Classik’, ‘LC’ and ‘Kshitij’ in the Indian Market.
The company’s Product range can be classified into three broad categories-
1. Stationery through Channel Supply- A B2C model operating under the brand name ‘Classik’ and ‘LC’ includes diaries, calendars, files, folders, boxes, tags etc. It also includes equipment for binding, punching, bar coding, and stitching books.
2. Industrial Supply Laminated Sheets and Wiro- A B2B model operating under the brand name ‘Classik’ and includes the industrial supply of Laminated sheets, PP sheets, and Wiro. It also includes Binding Combs, Spiral, Calendar Hanger, Slide Binders, OHP Sheets etc.
3. Exhibitions & Events Supply- Operating under the brand name ‘Kshitij’, it includes ID Cards, neck len-yards, Printed Files and Folders, and customized industry-specific, card holders etc.
It also includes customized Stationery Products for events, schools, colleges, and Corporates. Kshitij Polyline has a 36,000 sq ft. manufacturing facility in Silvassa, Dadra & Nagar Haveli with an in-house technical and design team. The company’s product wise revenue distribution for the year 2018 is- Laminated Sheet- 47% Stationery- 34% Wiro and Spiral-14% ID Card-5% The sales of the company for 2016, 2017 and 2018 were Rs 1,557.24 lakhs, Rs 1,701.03 lakhs, and Rs 2,743.25 lakhs respectively. The EBITDA for 2016, 2017 and 2018 were Rs 242.85 lakhs, Rs 252.20 lakhs, and Rs 378.34 lakhs respectively. The PAT for 2016, 2017 and 2018 were Rs 19.94 lakhs, Rs 27.78 lakhs and Rs 105.62 lakhs respectively.
Objects of the Issue
- To purchase of Machinery and Equipment to manufacture the Laminated sheet, Wiro and PP Sheet suitable for stationery and office products;
- Fund the Working Capital Requirements of the Company- Rs 620 lakhs.
- General Corporate Purposes.
- Issue Expenses
Company Financials
| Particulars | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 |
| Total Assets | 2,477.39 | 1,719.42 | 1,483.16 |
| Total Revenue | 2,743.25 | 1,701.04 | 1,557.20 |
| Profit After Tax | 105.62 | 27.78 | 19.94 |
Company Contact Information
Kshitij Polyline Limited
8, Sona Udyog,
Parsi Panchayat Road, Andheri East
Mumbai – 400069
Phone: 022 – 42234107
Email: kshitij123@hotmail.com
Website: http://kshitijpolyline.co.in/
Kshitij Polyline IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://karisma.kfintech.com/
Kshitij Polyline IPO Lead Manager(s)
- Monarch Networth Capital Ltd (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
