Kurlon Enterprise Limited Unlisted Shares
Kurlon enterprise overview:
Kurl On was incorporated in 1962 under the name “Karnataka Consumer Products Ltd” for manufacturing of Rubberized Coir, Latex, Foam & Polyurethane Foam, Spring Mattress along with Home Comfort Solutions like Pillows, Cushions, Bed Linens as well as Designed Furniture, Furnishings, etc.
The name of the company was changed to Kurl-On Ltd in 1995. Kurl-On Ltd is (KL)India’s Largest selling mattress brand. Kurlon market share in mattress is 35%-40% and is ranked 2nd in manufacturing PU Foams in India.
Kurlon Enterprise Ltd (KEL) was incorporated in 2011 as a wholly-owned subsidiary of Kurl On Ltd. On 1st April 2014 under the business transfer agreement between Kurl-On Ltd and KEL, division of mattress, foam, furniture and other similar products were transferred to KEL on a slump sale basis
The demand for a good quality mattress is growing in India as people are becoming aware of its benefits and moreover the benefits on the health of getting better sleep and keeps away from body pains.
The unorganized sector primarily dominated the Indian mattress market, but with increasing, awareness and increase in earning capability of consumers helped in the growth of the organized industry which has grown nearly at a CAGR of 17% in last five years.
The company has acquired India license of US-based premium mattress company “Spring Air”.
The company has 12 manufacturing units, 4 regional warehouses and 70 Branch outlets.
Due to the above factors, the company is targeting to achieve a turnover of INR 2,000 crores within the next 2 years, which greatly impacts the Kurlon Share Value.
Management of the company:
Past performance of the company on a consolidated basis:
Shareholding Pattern as on 31.03.2019
Annual Reports for the last 2 years are as under:
Kurlon Enterprise Limited Unlisted Shares:
Unlisteddeal review:
- The company has performed exceptionally well in recent years and is gradually becoming a household name, thereby increasing the Kurlon share price
- The company has now also entered the premium segment with the acquisition of Spring Air.
Frequently Asked Questions (FAQs) on Kurlon Enterprise Limited unlisted shares:
1. How to buy Kurlon Enterprise Limited unlisted shares?
Step by Step process to buy KEL unlisted shares at the best price today is as under:
Step 1: A deal is proposed between unlisteddeal and buyer either on WhatsApp or over email.
Step 2: Buyer provides their client master copy for transfer of shares, PAN card copy, Aadhar card copy and cancelled cheque. The deal gets confirmed once documents provided are in order.
Step 3: Buyer transfers deal amount to bank account details provided by us and provide us with remitter name, bank account number, bank name and UTR no. for the amount transferred to us.
Step 4:We shall transfer shares to buyer account on the same day of receipt of funds and raise contract note.
See the Infographic flow to buy the shares
2. How to sell Unlisted shares of Kurlon Enterprise Limited?
Step by step process to sell shares at the best Kurlon Enterprise Limited share price is as under:
Step 1: A deal is proposed between unlisteddeal and seller either on WhatsApp or over email.
Step 2: Seller provides their client master copy, PAN card copy, Aadhar card copy, delivery instruction slip (DIS) copy and cancelled cheque copy. The deal gets confirmed once documents provided are in order.
Step 3: Seller transfer shares to details provided to them by us.
Step 4: We shall make payment to the seller on the same day of receipt of shares.
See the Infographic flow to sell the shares
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