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Kizi Apparels Ltd IPO Synopsis

An Initial Public Offering is an opportunity for investors to take part in the growth of a company. It is always better to be in the first batch of investors. The shares offered by the company get listed on the stock exchanges and can be bought and sold by investors.

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Kizi Apparels Ltd IPO

Registered Office: H-629 Phase II Sitapura-,Industrial Area Sanganer , Jaipur - 302022 , Rajasthan , India.
Phone : +91 99830 23939   Fax:
Email :  info@kiziapparels.com  
Website :  www.kiziapparels.co.in
Initial public issue of 26,58,000 equity shares of face value of (Rs)10/- each of Kizi Apparels Limited ("KAL" or the "Company" or the "Issuer") for cash at a price of (Rs)21/- per equity share including a share premium of (Rs)11/- per equity share (the "Issue Price") aggregating to (Rs)5.58 crores ("The Issue"), of which 1,38,000 equity shares of face value of (Rs)10/- each for cash at a price of (Rs)21/- per equity share including a share premium of (Rs)11/- per equity share aggregating to (Rs)0.29 crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. net issue of 25,20,000 equity shares of face value of (Rs)10/- each at a price of (Rs)21/- per equity share aggregating to (Rs)5.29 crores is herein after referred to as the "Net Issue". The issue and the net issue will constitute 33.99% and 32.23% respectively of the post issue paid up equity share capital of the company. The face value of the equity shares is (Rs)10 each and the issue price is 2.1 times of the face value.

Issue Money Payable On
Opens On Closes On Application Allotment
30-Jul-24 01-Aug-24 (Rs)21.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :6000  Further Multiples of :6000

  (Rs Cr) Lead Managers to the Issue
Project Cost 4.98
Interactive Financial Services Ltd
Project Financed through Current Offer 5.58  
Post Issue Equity Share Capital 7.82  
Issue Price (Rs)21.00  
 
Projects
Repayment of unsecured loansGeneral corporate purposes
Long term working capital requirement
Promoted By
Abhishek Nathani  
Kiran Nathani  
Listing At
BSE - SME 
Registrar to the Issue
Bigshare Services Pvt Ltd