Kaka Industries IPO witnesses remarkable subscription of 79.80 times on day 2: Details | Business Upturn

Kaka Industries IPO witnesses remarkable subscription of 79.80 times on day 2: Details

Investors show strong interest in Kaka Industries’ IPO, leading to overwhelming subscription numbers.

Kaka Industries, an SME specializing in polymer-based profiles, has garnered significant attention from investors as its initial public offering (IPO) receives an astounding subscription of 79.80 times on the second day of the bidding process. The IPO, valued at ₹21.23 crore, commenced on July 10 and will conclude on July 12.

The enthusiasm from investors is evident, with bids received for 19.39 crore shares compared to the 36.6 lakh shares on offer. The retail category witnessed an exceptional response, oversubscribed by a staggering 133.16 times. Qualified Institutional Buyers (QIBs) have shown keen interest as well, subscribing 5.71 times, while the Non-Institutional Investors (NIIs) portion saw a remarkable subscription of 54.20 times, as of 5:00 pm.


Kaka Industries has set the price range for the public issue at ₹55 to ₹58 per equity share. The IPO comprises a fresh issue of 36,60,000 equity shares with a face value of ₹10, totaling ₹21.23 crore. The lot size for the Kaka Industries IPO is 2,000 shares.

The basis of share allotment will be finalized on July 17, and refunds will be initiated on July 18. The shares will be credited to the demat accounts of allottees on July 19. The highly anticipated listing of Kaka Industries shares is expected to take place on the BSE SME on Thursday, July 20.

Bigshare Services Pvt Ltd is serving as the registrar for the IPO, with Hem Securities Ltd acting as the lead manager.

Kaka Industries specializes in manufacturing polymer-based profiles used in various applications, including partitions, false ceilings, wall paneling, kitchen cabinets, doors, windows, and other interior and exterior works. The overwhelming response from investors indicates their confidence in the company’s growth prospects and the potential for significant returns.