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Clara Industries IPO is a fixed price issue of ₹3.02 crores. The issue is entirely a fresh issue of 0.07 crore shares of ₹3.02 crore.
Clara Industries IPO bidding started from Dec 16, 2021 and ended on Dec 21, 2021. The allotment for Clara Industries IPO was finalized on Dec 24, 2021. The shares got listed on BSE SME on Dec 29, 2021.
Clara Industries IPO price is ₹43.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,29,000 (3000 shares). The minimum lot size investment for HNI is 2 lots (6,000 shares), amounting to ₹2,58,000.
Gretex Corporate Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Gretex Share Broking Pvt.Ltd..
Refer to Clara Industries IPO RHP for detailed Information.
| IPO Date | December 16, 2021 to December 21, 2021 |
| Listing Date | December 29, 2021 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹43 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 7,02,000 shares (aggregating up to ₹3.02 Cr) |
| Reserved for Market Maker | 36,000 shares Gretex Share Broking Pvt.Ltd. (aggregating up to ₹0.1548 Cr) |
| Net Offered to Public | 6,66,000 shares (aggregating up to ₹2.86 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 17,78,980 shares |
| Share Holding Post Issue | 24,80,980 shares |
Clara Industries IPO offers total 7,02,000 shares. Out of which 3,33,000 (47.44%) allocated to NII, 3,33,000 (47.44%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 36,000 (5.13%) |
| NII (HNI) Shares Offered | 3,33,000 (47.44%) |
| Retail Shares Offered | 3,33,000 (47.44%) |
| Total Shares Offered | 7,02,000 (100.00%) |
Clara Industries IPO opens on December 16, 2021, and closes on December 21, 2021.
| IPO Open Date | Thu, Dec 16, 2021 |
| IPO Close Date | Tue, Dec 21, 2021 |
| Tentative Allotment | Fri, Dec 24, 2021 |
| Initiation of Refunds | Mon, Dec 27, 2021 |
| Credit of Shares to Demat | Tue, Dec 28, 2021 |
| Tentative Listing Date | Wed, Dec 29, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Dec 21, 2021 |
Investors can bid for a minimum of 3,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹1,29,000 |
| Retail (Max) | 1 | 3,000 | ₹1,29,000 |
| HNI (Min) | 2 | 6,000 | ₹2,58,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Clara Industries Limited is engaged in providing flexible plastic packaging solutions. The company is known for manufacturing and supplying high-end multilayer plastic bags and multilayer plastic rolls in India. Clara Industries serves varied sectors spanning FMCG, Consumer Product, Hardware Tools, Hospitality, Housekeeping, Pharmaceuticals, Clothing & Hosiery, Edible Oil, Salt, and Sugar industry.
The company's product portfolio includes:
The company primarily sells its products through direct orders from clients based in Rajasthan, Bihar, Uttarakhand, Himachal Pradesh, and Punjab. The company has a manufacturing unit located at Saharanpur, Uttar Pradesh, having a total area of approximately 14,714 sq. ft. In the Year 2021, Clara industries through a Business Transfer Agreement (BTA), acquired a proprietor firm named M/s Clara Petrochemical.
Competitive Strengths:
| Particulars | For the year/period ended (₹ in millions) | ||||
|---|---|---|---|---|---|
| 18-Nov-21 | |||||
| Total Assets | 46.73 | ||||
| Total Revenue | 6.27 | ||||
| Profit After Tax | 3.04 | ||||
[Dilip Davda] The company is operating in a highly competitive and fragmented segment. Its financial data is not in line with the asking price. Based on FY21 and H1 FY22 earnings, the issue is exorbitantly priced. Considering its post-issue equity base, it will have longer gestation for migration to the mainboard. There is no harm in ignoring this pricy IPO. Read detail review...
| Listing Date | December 29, 2021 |
| BSE Script Code | 543435 |
| NSE Symbol | |
| ISIN | INE0JJS01014 |
| Final Issue Price | ₹43 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹43.00 |
| Open | ₹43.20 |
| Low | ₹43.20 |
| High | ₹45.30 |
| Last Trade | ₹44.00 |
Clara Industries Ltd.
127/1,
Gram Simbhalka Junardar Paragna,
Tehsil and District Saharanpur,
Saharanpur, Uttar Pradesh, 247001
Phone: +91- 81718 84399
Email: info@clara.co.in
Website: http://clara.co.in/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Clara Industries IPO is a SME IPO of 7,02,000 equity shares of the face value of ₹10 aggregating up to ₹3.02 Crores. The issue is priced at ₹43 per share. The minimum order quantity is 3000.
The IPO opens on December 16, 2021, and closes on December 21, 2021.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Clara Industries IPO using UPI as a payment gateway. Zerodha customers can apply in Clara Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Clara Industries IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Clara Industries IPO opens on December 16, 2021 and closes on December 21, 2021.
Clara Industries IPO lot size is 3000, and the minimum amount required for application is ₹1,29,000.
You can apply in Clara Industries IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Clara Industries IPO will be done on Friday, December 24, 2021, and the allotted shares will be credited to your demat account by Tuesday, December 28, 2021. Check the Clara Industries IPO allotment status.
The Clara Industries IPO listing date is on Wednesday, December 29, 2021.
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