Kshitij Polyline Ltd

Kshitij Polyline

About the Company:

Kshitij Polyline Ltd is engaged in manufacturing, marketing, sourcing of Plastic Sheet, lamination sheet, folders, I card and files having wide application in printing and stationery.

Company has developed expertise in designing and innovation in office stationery, calendar, dairy and student study materials of different variety colours, design and application.

Company aims to develop the Brand for quality products for Office stationery, Publicity material, ID card & smart card, File & folders

company has developed and launched more than 125 products range in File, Folder & Diary under their Brand in Indian Market.

Further Company also has supply – Make to order – ID card with ribbon, File & Folder with client Logo and Info, Display materials for Education, Pharma, FMCG, Finance and Insurance sectors.

Company has regular business from existing clients such as Navneet Publication, Anupam Stationery, Events and Media Organisers of conference and Exhibition.

Company has developed the regular whole sellers and distributors for supply of laminated sheet, PP sheet, office stationery and allied products. KPL has established own distribution and marketing network in Pan India Basis.


Company’s Expansion Plans:

Management is planning for business expansion by having state of art manufacturing facility and comply with international standard and has plan to develop logistic & warehousing facility in Delhi, Jaipur, Culcutta, Hydrabad, Banglore, Chennai and Pune. This shall also support for E commerce and Online marketing of company‘s products.


Management Team:

  1. Mr. Bharat Hemraj Gala (Designation: Managing Director)
  2. Mr. Rahul Devshi Shah (Designation: Executive Director & CEO)
  3. Mrs. Rita Bharat Gala (Designation: Additional Non-Executive Director)


Objectives of the Issue:

  • To purchase of Machinery and Equipment to manufacture the Laminated sheet, Wiro and PP Sheet suitable for stationery and office products.
  • Working Capital Requirement.
  • General Corporate Purpose.
  • Issue Expenses


Financials of the Company:

(in Crores) FY 13 FY 14 FY 15 FY 16 FY 17 31st Dec 17
Revenue 13.34 12.67 12.39 15.57 17.01 17.00
Net Profit 0.079 0.11 0.16 0.19 0.27 0.84



Valuation of Peer Group Companies:

Company Name Face Value EPS PE Ratio RoNW NAV
Kshitij Polyline Limited 10 1.18 29.66 6.8% 13.7
Ecoplast Limited 10 6.56 19.82 8.21% 79.90
Duropack Limited 10 1.18 18.64 7.83% 15.02
Xpro India Limited 10 (10.42) N.A. N.A. 59.47
Cosmo Films Limited 10 57.38 4.17 18.28% 31.39


IPO Details:

Details Info
Issue Opens on 21st September 2018
Issue Closes on:. 27th  September 2018
Issue Price Rs.35
Face Value Rs.10
Minimum Lot 4000 shares
Minimum Investment Rs.1,40,000
Issue Constitutes 28.79%
Issue Size Rs.8.75 cr
Market Cap Rs.30.39 cr
Listing at NSE SME
Equity Shares Offered (Fresh) 25,00,000
Equity Shares Prior to the Isuue 61,83,336
Equity Shares after the Issue 86,83,336


Important Dates:

Finalization of Basis of Allotment on or Before 3rd October 2018
Initiation of Refunds on or Before 4th October 2018
Credit of Equity Shares: on or Before 5th October 2018
Listing Date: on or Before 8th October 2018


IPO Valuation Parameters:

Earnings Per Share (EPS) Price To Earnings ratio (PE) Return on Net Worth (RoNW) Net Asset Value (NAV)
1.18 29.66 6.8% 13.7


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Company Contact Info:
Kshitij Polyline Limited
8, Sona Udyog, Parsi Panchayat Road,
Andheri East, Mumbai- 400069, Maharashtra, India.
Tel No.: +22 42234115
Email Id: khsitijpolyltd@gmail.com
Website: www.kshitijpolyline.co.in


IPO Registrar Info:
Karvy Selenium Tower B, Plot 31-32,
Gachibowli, Financial District,
Nanakramguda, Hyderabad 500 032 India
Tel. No. – 040-67162222
Investor Grievance Email: kshitijpolyline.ipo@karvy.com
Website: www.karisma.karvy.com



Lead Manager to the Issue:
Monarch House, Opp., Ishwar Bhuvan,
Commerce Six Road, Navrangpura, Ahmedabad – 380009.
Tel. No. – 079 – 6600 0754/ 2666 6754
Investor Grievance Email: mbd@mnclgroup.com
Website: https://www.mnclgroup.com