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₹38 - 38
K K Silk Mills Ltd
TextilesIPOSME
₹38 - 38
Our Company is engaged in the business of manufacturing of fabrics as well as garments. Our range of garment products covers all the age group segments such as kids wear, men's wear, women's wear. We use variety of knitted fabrics such as 100% cotton, 100% polyester, blended (cotton and polyester) and printed polyester fabrics in the production of garments. We manufacture the fabric which used in variety of products such as mens shirts wear- formal and casual wear, shervani material, ladies wear dress material, burkha material, kushan cover material etc. We sell our knitted fabrics to domestic and international garment manufacturers. We have approximately 5422 sq.mtrs. size area manufacturing plant located at Umbergaon, Valsad.
Lot3,000Min Invest₹2,28,000Face Value₹10Issue Size₹29 CrFresh Issue₹29 CrListing Price₹32CMP₹10
Timeline
26 Nov
Bidding opens
28 Nov
Bidding closes
1 Dec
Allotment
2 Dec
Refund & demat credit
3 Dec
Listing
Subscription
Subscription opens once dates are announced
Reports
Offer Details
Terms
Issue Size₹29 Cr0.75 Cr shares
Fresh Issue₹29 Cr
Face Value₹10
Lot Size3,000 shares
ReservationQIB 49.94% · NII 15.03% · RETAIL 35.03%
Application Sizes
Retail₹2,28,0001-1 lots
sNII₹2,28,000from 2 lots
bNII₹10,26,000from 9 lots
Managers & Registrar
Lead ManagerAxial Capital Pvt Ltd
RegistrarMUFG Intime India Pvt Ltd
Ownership & Proceeds
Shareholding
CategoryPre IPOPost IPOPromoter Group99.79%66.44%Public0.21%33.56%
Objects of the Issue
- Funding towards capital expenditure for replacement of plant & machineries including installation, mechanical and electrical work
- Full or part repayment and/or prepayment of certain outstanding secured borrowings availed by the Company
- General Corporate Purposes
Financials
Profit & Loss
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| RevenueCr | 172 | 189 | 191 | 221 | 245 |
| Operating ProfitCr | 8 | 9 | 9 | 14 | 14 |
| OPM% | 4.8 | 4.6 | 4.9 | 6.3 | 5.8 |
| PBTCr | 0 | 1 | 3 | 7 | 7 |
| PATCr | 0 | 1 | 2 | 5 | 5 |
| EPS | 1 | 1 | 3 | 3 | 3 |
Balance Sheet
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Equity CapitalCr | 7 | 7 | 7 | 15 | 22 |
| ReservesCr | 24 | 25 | 28 | 25 | 48 |
| BorrowingsCr | 45 | 48 | 52 | 59 | 56 |
| Total AssetsCr | 102 | 103 | 112 | 143 | 174 |
Cash Flow
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Operating Cash FlowCr | -5 | 8 | 9 | -1 | -8 |
| Investing Cash FlowCr | 10 | -1 | -7 | 0 | -8 |
| Financing Cash FlowCr | -6 | -7 | -2 | 2 | 16 |
| Net Cash FlowCr | 0 | 0 | 0 | 0 | 0 |
Strengths & Risks
Strengths · as stated in the DRHP
- Diversified customer base and long-standing relationship with our customers.
- Diversified Product Portfolio.
- Focus on quality and customer service.
- Existing customer relationship.
- Experienced Promoters and Management Team.
- Strong manufacturing base.
Strategies · as stated in the DRHP
- Leveraging our market skills and relationship.
- Maintaining edge over competitors.
- Continue to strive for cost efficiency.
- Improving operational efficiencies.
Risks · as stated in the DRHP
- The company has certain outstanding litigation against it, an adverse outcome of which may adversely affect the company business, reputation and results of operations.
- There may be potential conflicts of interest if its Promoters, Promoters' Group entities who are involved in same business activities that compete with or are in the same line of activity as the company business operations.
- The company's revenue is concentrated in the state of Gujarat and Maharashtra and any adverse developments affecting Gujarat and Maharashtra could have an adverse effect on the company business, results of operations and financial condition.
- The company has had made non-compliances of certain provision under Companies Act, 2013.
- The company is subject to strict quality requirements and are consequently required to incur significant expenses to maintain its product quality. Any failures to comply with such quality standards may lead to cancellation of existing and future orders which may adversely affect its reputation, financial conditions, cash flows and results of operations.
- The Company is dependent on few numbers of customers for sales. Loss of any of this large customer may affect its revenues and profitability.