Kotyark IPO : Check TC Share Market Bucket, Issue Date, Price, Lot Size & Details

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CS Lalit Rajput | Oct 23, 2021 | Views 485356

Kotyark IPO : Check TC Share Market Bucket, Issue Date, Price, Lot Size & Details

Kotyark IPO : Check TC Share Market Bucket, Issue Date, Price, Lot Size & Details

Kotyark IPO Issue Size of the Company:

Public Issue of 22,08,000 Equity Shares of Face Value of ₹10/- each for Cash at a Price of Rs. 51.00 Per Equity Share (Including a Share Premium of Rs. 41.00 per Equity Share) (“Issue Price”) aggregating to Rs. 1126.08 Lakhs, of which 1,12,000 Equity Shares of Face Value of ₹ 10/- each at a price of Rs. 51.00 aggregating to Rs. 57.12 Lacs will be reserved for subscription by Market Maker (“Market Maker Reservation Portion”) and Net Issue to Public of 20,96,000 Equity Shares of Face Value of ₹10/- each at a price of Rs. 51.00 aggregating to Rs. 1068.96 Lakhs (hereinafter referred to as the “Net Issue”) The Issue and the Net Issue will constitute 26.68% and 25.33% respectively of the Post Issue paid up Equity Share Capital of the Company.

About the Kotyark Company:

The Company was originally incorporated as a Private Limited Company, Company limited by Shares, on 30th day of December, 2016 as “Kotyark Industries Private Limited” vide CIN – U24100GJ2016PTC094939 (Registration No. 094939) under the provisions of the Companies Act, 2013 with the Registrar of Companies (ROC – Ahmedabad).
The Company was converted into Public Limited Company as “Kotyark Industries Limited” vide Special resolution passed by the Shareholders at the Extra Ordinary General Meeting of the Company held on 24th 24, 2021 and a fresh certificate of incorporation dated August 05, 2021 issued by the Registrar of Companies, Ahmedabad.

Business Details of the Kotyark Company- in Brief:  

The Company is primarily engaged in the manufacturing of Bio Fuel which is an alternative source of energy and has the ability to replace and a good substitutes of traditional fossil fuels like coal, firewood, lignite, etc. The company is also serving towards renewable green energy and sustainable development of renewable natural resources (Biofuels) through the adoption of environmentally friendly technology that favors the net reduction of greenhouse gas emissions for use in a vehicle for public and private transport as well as various equipments and Gen Sets.

Kotyark IPO Tracker

Further more details,

Application money Rs 100
Face Value Rs 10
Premium Rs 41
Minimum Bid Quantity Rs 2000 (lot size)
Market Lot 1
ISIN code: INE0J0B0101

 

Source: News articles / SEBI

Disclaimer: Every effort has been made to avoid errors or omissions in this material. In spite of this, errors may creep in. Any mistake, error or discrepancy noted may be brought to our notice which shall be taken care of in the next edition. In no event the author shall be liable for any direct, indirect, special or incidental damage resulting from or arising out of or in connection with the use of this information

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