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IPO Synopsis

Kizi Apparels Ltd
Initial public issue of 26,58,000 equity shares of face value of Rs. 10/- each of Kizi Apparels Limited ("KAL" or the "Company" or the "Issuer") for cash at a price of Rs. 21/- per equity share including a share premium of Rs. 11/- per equity share (the "Issue Price") aggregating to Rs. 5.58 crores ("The Issue"), of which 1,38,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 21/- per equity share including a share premium of Rs. 11/- per equity share aggregating to Rs. 0.29 crores 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. net issue of 25,20,000 equity shares of face value of Rs. 10/- each at a price of Rs. 21/- per equity share aggregating to Rs. 5.29 crores is herein after referred to as the "Net Issue". The issue and the net issue will constitute 33.99% and 32.23% 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 2.1 times of the face value.
Issue
Opens On Closes On
30-Jul-24 01-Aug-24
Money Payable On
Application Allotment
21.00 0.00
Minimum Application for shares in Nos : 6000 Further Multiples of : 6000
(.Cr) Lead Managers to the Issue
Project Cost (.Cr) 4.98 Interactive Financial Services Ltd
Project Financed through Current Offer (.Cr) 5.58  
Post Issue Equity Share Capital (.Cr) 7.82
Issue Price () 21.00
Projects
Repayment of unsecured loans
Long term working capital requirement
General corporate purposes
Promoted By
Abhishek Nathani
Kiran Nathani
Listing At
BSE - SME
Registrar to the Issue
No Data Available
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