*The above chart is presented for indicative purposes only and may not be accurate. The figures represented above are taken on an average basis, and may or may not match with the prevailing situation. Users are requested to not completely rely on the above chart and to consult an independent financial adviser and to take their investment decisions.
Since 1962, Kurlon has been revitalizing India with their mattresses. Starting as a small homegrown Company, Kurlon has grown to become the largest selling mattress maker in the country. With a direct presence in over 150 cities and a vast network of over 7500 retailers, Kurlon has established itself as the only industry player with such extensive coverage. As the Company continues to evolve rapidly, they are transforming from simply making mattresses to becoming the largest mattress retailer in India. Their direct retail presence is expanding, and they are ultimately creating a comprehensive omni-channel network.
The Story of Kurlon
The story of Kurlon's origin is an inspiring tale of entrepreneurial spirit. During a trip to Germany, the founder of Kurlon, Mr. T Ramesh U Pai, discovered that high-end engine auto seats were made using rubberized coconut-coir fiber, which was sourced from Sri Lanka. Being aware that India was one of the largest coconut producers in the world, he realized that there was a new business opportunity waiting to be explored. Encouraged by this idea, he returned home and embarked on a journey to explore how best he could utilize the coir husk produced in India. He discovered that coconut coir was only being used by the cabin industry to manufacture retted texture. It was at this point that the idea for Kurlon was born, and the precursor to Kurlon, Karnataka Consumer Products Limited, was established in 1962.
|Mr. T Sudhakar Pai||Managing Director|
|Mrs. Jaya S Pai||Director|
|Mrs. Deepa S. Pai||Director|
|Mrs. Jyothi Ashish Pradhan||Director|
|Mr. Jamsheed Minoo Panday||Director|
|Mr. K Venugopal Shey||Independent Director|
|Mr. Santhosh Kamath||Independent Director|
|Mrs. ASPI Nariman Katgara||Director|
|Mr. Narendra Kudva||Director|
|Mr. Monu Kumar||Company Secretary|
|Mr. Sanjoy Khan||Chief Financial Officer|
|Particulars (in cr)||2021-2022|
|Revenue from operations||802.35|
|Profit Before Financial charges, tax and Depreciation||28.25|
|Less: Finance Charges||7.34|
|Profit/Loss before Tax||(21.14)|
|Add/Less: Current Income Tax||8.85|
|Less: (Excess)/Short Provision for Income Tax||(1.46)|
|Less: MAT Credit||0.00|
|Add/Less: Deferred tax||(12.03)|
|Profit/Loss after tax||(16.50)|
|Earnings per share (EPS)||(11.08)|
The following is the process of buying Kurlon Limited unlisted shares from the TradeUnlisted platform:
There is no restriction on transfer of unlisted shares until the IPO cut-off date which is generally a week before listing. However, after listing SEBI norms are applicable to these shares. As per SEBI regulations, all unlisted shares go in a lock-in period of 6 months from the date of listing of shares.
If you sell the Kurlon Limited unlisted shares within 2 years of its acquisition, then you will be required to pay tax on the short-term capital gain (STCG) as per the individual tax slab rate. Selling the shares after 2 years will attract a long-term capital gain (LTCG) which will be taxed at the rate of 20% with indexation benefit or 10% without indexation benefit.
Investors should consult with an independent third-party taxation advisor prior to making investment decisions.
All unlisted shares can be transferred only to Demat accounts. Unlisted shares can be checked in two ways:
1. Option 1
2. Option 2
You may also check the credit of your shares, by logging in to your Demat account and checking under DP Holdings in your respective DP.
In the case of CDSL, the first 8 digits of your Demat Account Number are depository participant ID and the last 8 digits are your customer ID with the depository participant. The same goes for NSDL where ‘IN’, the 6 digits are depository participant ID and the rest of the numbers reflect your customer ID with a depository participant.
National Securities Depository Limited (NSDL): The Demat account number of NSDL starts with alphabets ‘IN’ followed by 14 numeric digits.
For e.g. IN30000012345678.
Central Depository Service Limited (CDSL) : The entire DEMAT account number of CDSL is numeric.
The Kurlon Limited unlisted shares are credited in your Demat account within a maximum of two (working) days after the funds are received in our bank account. However, please note that at times there may be a slight delay in the credit of shares due to certain reasons like Bank Holidays.
Investments on TradeUnlisted start from as low as INR 5,000. Please call us on +91 8958 212121 to find the company specific details pertaining to the lot size and minimum investment amount.
The financials are available in the Research Report, DRHP, and Annual Reports of Kurlon Limited Unlisted Shares, which may be found under the Reports section of the company's specific page. You can download all the reports after logging in.