SME Times is powered by   
Search News
Just in:   • India needs to diversify export portfolio: Report  • Domestic airlines to fly 12,983 flights per week this winter  • New energy policy won't violate deals with US, Canada: Mexican Prez  • 'Digitisation need of the hour for logistics sector'  • KTR calls for empowering states to boost country's growth 
Last updated: 10 Oct, 2017  

Kaarya Facilities n Services Ltd's SME IPO Opens on 12th Oct

Business Wire India | 09 Oct, 2017
Mumbai based Kaarya Facilities & Services Ltd. plans to enter the capital market with IPO of 1599000 equity shares of Rs. 10 each at a price of Rs. 40 per share, aggregating up to Rs. 6.40 Crore. The issue opens on 12th October 2017 and closes on 17th October 2017.
 
Bids can be made for a minimum of 3,000 equity shares and in multiples of 3000 equity shares thereafter.
 
Incorporated in 2009, Kaarya Facilities & Services Ltd. is a leading integrated facilities and property management company. The Company provides services to corporate, SMEs, Govt. institutions and residential segments. The Company offers specialized cleaning and hygiene services, housekeeping, pantry, MEP (Mechanical, Electrical, Handyman Services – repair & maintenance), pest control, landscaping, guest house management to Façade cleaning. Its prestigious clients include SEBI, Hiranandani Complex, Nahar Group, Rolta India Ltd., Cushman & Wakefield etc.
 
The Company is promoted by Vineet Pandey and Vishal Panchal.
 
The Company proposes to utilize the net proceed from the issue to meet additional working capital requirements, purchase of equipment, purchase of ERP software and purchase of employees uniforms.
 
For the year ended 31st March 2017, the total revenue of the company was Rs. 1067.08 lakhs. Net operating profit after interest was R. 98.96 lakhs and net profit was Rs. 66.43 lakhs.
 
The equity shares offered through the Draft Red Herring Prospectus are proposed to be listed on SME platform of BSE Ltd.
 
The book running lead manager of the issue is First Overseas Capital Ltd. and Registrar is Karvy Computershare Pvt. Ltd.
 
Web: www.kaarya.co.in
 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 26 Oct, 2020
  Daily Poll
COVID-19 has directly affected your business
 Yes
 No
 Can't say
  Commented Stories
» 'Centre open to further economic stimulus'(1)
» Delay in dealing with GST refund delays(1)
» NPAs hurdle to banks' rate cut transmission(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter