About the Company:
(i) Kitply Industries Limited is India’s foremost manufacturer of Plywood and Blockboard. It was founded by Shri. S.P.Goenka and Shri. P.K.Goenka in 1982 in Assam, India. Kitply’s operations are spread throughout the country with 5 factories and 16 Sales Offices. Having a workforce of about 1000+ employees, it caters to a countrywide distribution network of over 300+ dealers.
(ii) Since its inception, the company has been a trendsetter and important benchmark for the plywood and Blockboard industry in respect of its production processes.
(iii) In India, Kitply’s brand name is synonymous with plywood and enjoys a high level of equity in the Indian market. It pioneered the concept of “Branded Plyboards” in the early ’80s.
The company’s products occupy an enviable position in the Indian marketplace and have multifarious applications – Ranging from household to buildings to construction. It is the only plywood company that features in the list of Consumer Super Brands of India. The company’s in-house research and technology ensures not just consistency in product quality but also continuous improvements in products, processes, and application areas. Kitply has also previously extended its services overseas to the Middle East, Nepal, Bangladesh, and Pakistan.
History of the Company
(i) The company was originally incorporated on 26th August 1982, in Assam as Sudershan Plywood Industries Private Ltd. a leading company of the S.P.Goenka Group. It became a public limited company on 1st April 1985. The company started manufacturing various grades of plywood from 1986 at its factory in Assam. The products were marketed under the trade name “Swastik”. The main objective of the company is to manufacture various grades of plywood, blackboards, flush doors, technical grade specialty plywood, etc.
(ii) From April 1989, the name of the company was changed from ‘Sudershan Plywood Industries Ltd. to Kitply Industries Ltd.’
(iii) In 1990, over three lakh Kadam plants were planted in Assam and Arunachal Pradesh under industry-farmers nexus basis. The company proposed to plant 5 lakh Kadam plants each year in these two states. Steps were taken to popularise the plantation scheme in the States of Nagaland and Meghalaya also.
(iv) In 1997, Kitply Industries Ltd had set up an institute for land restoration and agroforestry in collaboration with the Indian Institute of Technology, Kharagpur. The company has diversified into sugar manufacturing by setting up a 3500 TCD capacity sugar unit in western UP. The company is launching its laminates under the brand Kitmica, domestic hardware like door handles and knobs as Kitware, and its adhesives as Kitcol.
In 1999, the company expanded its decorative lamination unit at Igatpuri in Maharashtra.
|Total Available Shares:||12100|
|Face Value:||₹ 10 Per Equity Share|
|Lot Size:||2000 Shares|
|Current Unlisted Share Price:||₹ 7 Per Equity Share|
|Retail Discount:||Bulk Deal (1%)|
Please find below the procedure for buying Kitply Industries Limited Unlisted Shares at UnlistedZone.
Please find below the procedure for selling Kitply Industries Limited Unlisted Shares at UnlistedZone.
Lock-in period of Kitply Industries Limited Unlisted Shares depends upon category of investors.
DIS - Delivery Instruction Slip is the way through which an investor can sell or transfer the Kitply Industries Limited Unlisted Shares from his/her demat account to any other demat account. There are two Types of DIS Slip.
In the last 4-5 years, the unlisted share market has become quite big and as a result of that, the ticket size has reduced from usual 5-10 Lac to 35-50k in today's scenario. So, via our UnlistedZone platform, if somebody wants to buy Kitply Industries Limited Unlisted Shares then minimum investment would be 35-50k.
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If you sell your shares within 2 years, then you will have to pay Short-term Capital gain on unlisted shares. Short-Term Capital Gain is added in your Income. So, as per individual tax slab you need to pay capital gain tax.
If you sell your shares after 2 years, then you will have to pay Long-term Capital gain on unlisted shares LTCG is 20% with indexation benefits.
After listing of shares, the unlisted shares which you have bought through unlisted market, will be taxed at listed rates, if sold through exchange. So, taxes of listed market will be applicable. And, to calculate holding time, for determining LTCG or STCG, the purchase date of unlisted shares will be applicable.
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The Kitply Industries Limited Unlisted Shares are credited in demat account same day of transferring funds in our company's bank account.
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If you see the thesis of investment in the unlisted shares then it is being done mainly to take the advantage of IPO market. And, if the IPO plans of company get delayed due to market conditions or any other reason then demand suddenly drops in the market. The unlisted market works mainly on demand and supply and if there is no IPO news then getting exit would be difficult.
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We at UnlistedZone do the valuation based on 2 methods.
As an investor in the unlisted space, we would always recommend that you must check all the risk parameter carefully before investing in the unlisted space.
We source shares either from the employees or initial investors looking to liquidate their Kitply Industries Limited Unlisted Shares.
Pre-IPO shares means which are planning for an IPO in near future. So, all the shares which are traded on the platform are not Pre-IPO Shares. However, if the company's business is going good and then demand will always be there in the unlisted space, so even if the IPO does not come, the investors can easily liquidate their Kitply Industries Limited Unlisted Shares in the unlisted market itself.
Rules and regulations of SEBI are applicable in the Unlisted space like lock-in period of 6 months, paying of Stamp Duty, and DP Charges for every transaction etc. However, to become an unlisted broker there is no such regulation by SEBI as of yet.
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