The Nakoda Group of Industries date has been confirmed from May 23, 2018 and ended on May 29, 2018.
Nakoda Group of Industries Developers IPO is a fixed price issue of Rs 6.48 crores. The price is ₹35 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹140,000.
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Bidding Dates
May 23-29
Price Range
₹35 per share
Face Value
₹10 per share
GMP
₹49.00
Nakoda Group of Industries IPO GMP
The Nakoda Group of Industries IPO GMP is ₹49.00.
IPO Overview
The IPO of Nakoda Group of Industries is a fixed-price issuance of Rs 6.48 crores. Bidding for the Nakoda Group of Industries IPO began on May 23, 2018 and finished on May 29, 2018. On June 6, 2018, the shares were listed on the BSE SME. The IPO price for Nakoda Group of Industries is 35 per share. A lot size of 4000 shares is required for an application. Retail investors must make a minimum commitment of ₹140,000.
On 18 July 2016, Nakoda Group of Industries Limited took over the running business of M/s. Navkar Processors, the promoter Pravin Choudhary’s sole proprietorship concern, and the operation of this proprietorship concern was later merged into the Company. The company’s manufacturing facilities are in Nagpur. The Registered Office and Manufacturing Unit employ 16 people.
Nakoda Group of Industries IPO Details
| IPO Date | May 23, 2018 to May 29, 2018 |
| Listing Date | June 6, 2018 |
| Face Value | ₹10 per share |
| Price | ₹35 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 1,852,000 shares (aggregating up to ₹6.48 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Market Maker portion | 100,000 shares |
Nakoda Group of Industries Company Financials
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Dec-17 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | ||
| Total Assets | 3,415.44 | 2,784.96 | 57.95 | 1.60 | 1.70 | |
| Total Revenue | 4,394.75 | 2,378.62 | — | — | — | |
| Profit After Tax | 99.48 | 48.24 | — | (0.12) | — | |
Nakoda Group of Industries IPO Listing Details
| Listing Date | June 6, 2018 |
| BSE Script Code | 541418 |
| NSE Symbol | NGIL |
| ISIN | INE236Y01012 |
| Final Issue Price | ₹35 per share |
Company Profile
Nakoda Group of Industries Limited, founded in 2013, is a manufacturer of tutti fruity (Diced Chelory), also known as? Papaya Preserve, and canned fruit cubes, which fall under the category of baking items. The company also processes almonds and trades sesame seeds, clove, cut peel murabba, karonda, daalchini, and toor daal. As of March 2017, the company’s revenue from almond processing was 45.93%, tutti fruity manufacture was 23.92%, and trade was 30.14%. Tutti Fruity generates a total revenue of 553.58 lakhs, 61.36% of which
comes from exporting to London, Malaysia, Dubai, and Saudi Arabia, and 38.64% from domestic sales.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | ipo@bigshareonline.com |
| Website | ipo.bigshareonline.com |
Contact Details
| Name | Nakoda Group of Industries Limited |
| Phone number | +91 0712 2778824 |
| Email ID | info@nakodas.com |
| Website | nakodas.com |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
