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Khemani Distributors coming with an IPO to raise upto Rs 15.84 crore

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Khemani Distributors coming with an IPO to raise upto Rs 15.84 crore
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Vishal Sharma
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Khemani Distributors coming with an IPO to raise upto Rs 15.84 crore - March 15th, 2016

Khemani Distributors & Marketing is coming out with an initial public offering (IPO) of 15,84,000 equity shares of face value of Rs 10 each for cash at a fixed price of Rs 100 per equity share. The issue will open on March 16, 2016 and will close on March 18, 2016.

The shares will be listed on SME platform of BSE. The share is priced at 10 times higher to its face value of Rs 10. The book running lead manager to the issue is Choice Capital Advisors, while the compliance officer for the issue is Shilpa Naresh Mittal.

The company is currently engaged in the business of trading in FMCG products of Hindustan Unilever Limited (“HUL”) as a ‘Redistribution Stockist’ in Surat, Gujarat. Its product portfolio includes (a) personal care products; (b) home care products; and (c) food and drinks products.

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Vishal Sharma
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Pinnacle Financial Services

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Last edited by bhautik.kawa; March 19th, 2016 at 11:10 AM..
   
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Re: Khemani Distributors coming with an IPO to raise upto Rs 15.84 crore
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Farhan Khan
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Re: Khemani Distributors coming with an IPO to raise upto Rs 15.84 crore - May 9th, 2016

Hester Biosciences reported a 57.14 percent rise in standalone net profit to Rs 5.5 crore for the quarter ended March 31. The company had posted a net profit of Rs 3.5 crore in the same quarter last fiscal, Hester Biosciences said in a BSE filing. Standalone net sales of the company rose to Rs 28.18 crore for quarter under review as against Rs 23.36 crore in the year-ago period.
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