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PNNNew Delhi [India], July 7: Polymer-based profiles manufacturer Kaka Industries is looking to raise Rs 21.23 crore through its initial share sale offer that opens for public subscription on July 10.The initial public offering (IPO) is scheduled to conclude on July 12.The shares of the company will be listed on BSE SME, a platform for small and medium enterprises, the company said in a statement.The company will issue 36,60,000 equity shares through the offer. A total of 17,32,000 equity shares (Rs 10,04,56,000) are reserved for QIB, 5,22,000 Rs 3,02,76,000) for NII and 12,14,000 shares (Rs 7,04,12,000) for RII. 1,92,000 equity shares (Rs 1,11,36,000) are reserved for market makers. The bid lot has been fixed at 2,000.HEM Securities Ltd is the book running lead manager to the IPO.Kaka Industries manufactures polymer-based profiles for application in doors, windows, partitions, false ceilings, wall paneling, kitchen cabinets, office furniture and other interior and exterior works. All products except WPC are non-wood based, are substitutes for wood and save treesThe company has 20k+ MT production capacity. It has 300 dealers across 20 states, UTs and 3 depots. Its product range includes more than 1200 Stock Keeping Units (SKU) in various dimensions.In the financial year 2022-23, the company's revenue stood at Rs 158 crore of which 61 per cent came from the PVC segment. The company's net profit came in at Rs 7.18 crore.(Disclaimer: The above press release has been provided by PNN.will not be responsible in any way for the content of the same)Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

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PNN New Delhi [India], July 7: Polymer-based profiles manufacturer Kaka Industries is looking to raise Rs 21.23 crore through ... ...