CS Lalit Rajput | Oct 23, 2021 |
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.
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.
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
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