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Kalahridhaan Trendz IPO is a fixed price issue of ₹22.49 crores. The issue is entirely a fresh issue of 0.50 crore shares of ₹22.49 crore.
Kalahridhaan Trendz IPO bidding started from Feb 15, 2024 and ended on Feb 20, 2024. The allotment for Kalahridhaan Trendz IPO was finalized on Feb 21, 2024. The shares got listed on NSE SME on Feb 23, 2024.
Kalahridhaan Trendz IPO price is ₹45.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,35,000 (3000 shares). The minimum lot size investment for HNI is 2 lots (6,000 shares), amounting to ₹2,70,000.
Interactive Financial 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 Sunflower Broking Pvt.Ltd..
Refer to Kalahridhaan Trendz IPO RHP for detailed Information.
| IPO Date | February 15, 2024 to February 20, 2024 |
| Listing Date | February 23, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹45 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 49,98,000 shares (aggregating up to ₹22.49 Cr) |
| Reserved for Market Maker | 2,52,000 shares Sunflower Broking Pvt.Ltd. (aggregating up to ₹1.13 Cr) |
| Net Offered to Public | 47,46,000 shares (aggregating up to ₹21.36 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,21,89,000 shares |
| Share Holding Post Issue | 1,71,87,000 shares |
Kalahridhaan Trendz IPO offers total 49,98,000 shares. Out of which 23,73,000 (47.48%) allocated to NII, 23,73,000 (47.48%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,52,000 (5.04%) |
| NII (HNI) Shares Offered | 23,73,000 (47.48%) |
| Retail Shares Offered | 23,73,000 (47.48%) |
| Total Shares Offered | 49,98,000 (100.00%) |
Kalahridhaan Trendz IPO opens on February 15, 2024, and closes on February 20, 2024.
| IPO Open Date | Thu, Feb 15, 2024 |
| IPO Close Date | Tue, Feb 20, 2024 |
| Tentative Allotment | Wed, Feb 21, 2024 |
| Initiation of Refunds | Thu, Feb 22, 2024 |
| Credit of Shares to Demat | Thu, Feb 22, 2024 |
| Tentative Listing Date | Fri, Feb 23, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Feb 20, 2024 |
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 | ₹1,35,000 |
| Retail (Max) | 1 | 3,000 | ₹1,35,000 |
| HNI (Min) | 2 | 6,000 | ₹2,70,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Kalahridhaan Trendz Limited was founded in 2016 and is a company that dyes and processes textiles.
The company is engaged in manufacturing and trading of fabrics with embroidery, trading of grey fabrics, buying of grey fabrics and printing and dyeing of suiting, shirting and dress fabrics for sale in the B2B market.
The company has two divisions:
The company's manufacturing facility is located in Ahmedabad, Gujrat, and has a production capacity of 1.00 lakh metres per day.
As on December 31, 2023, the company employed a total of 12 permanent employees in various departments.
Kalahridhaan Trendz Limited's revenue increased by 0.14% and profit after tax (PAT) rose by 170.52% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 10,979.30 | 10,962.55 | 10,297.94 | 5,979.36 |
| Total Income | 8,434.54 | 18,417.01 | 18,390.46 | 13,235.91 |
| Profit After Tax | 478.72 | 666.01 | 246.20 | 110.54 |
| Net Worth | 2,290.94 | 1,202.78 | 536.77 | 290.56 |
| Reserves and Surplus | 1,072.04 | 1,202.78 | 536.77 | 290.56 |
| Total Borrowing | 6,702.43 | 6,105.33 | 5,249.90 | 3,145.56 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Kalahridhaan Trendz IPO is ₹77.34 Cr.
| KPI | Values |
|---|---|
| ROE | 42.09% |
| ROCE | 17.39% |
| Debt/Equity | 3.19 |
| RoNW | 36.75% |
| Price to Book Value | 1.51 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 5.46 | 5.57 |
| P/E (x) | 8.24 | 8.08 |
The company proposes to utilize the Net Proceeds from the issue towards the following objects:
[Dilip Davda] The company is operating in a highly competitive and fragmented segment. It primarily works on B2B model for manufacturing and trading in fabric with embroidery and grey fabrics. Based on FY24 annualized super earnings, the issue appears reasonably priced, but sustainability of such margins going forward raised concerns. Well-informed/cash surplus investors may consider parking funds for the medium term. Read detail review...
| Listing Date | February 23, 2024 |
| BSE Script Code | |
| NSE Symbol | KTL |
| ISIN | INE02M801018 |
| Final Issue Price | ₹45 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹45.00 |
| Open | ₹47.15 |
| Low | ₹47.15 |
| High | ₹49.50 |
| Last Trade | ₹49.50 |
Kalahridhaan Trendz Ltd.
57 Ashra Industrial Estate,
B/H Mahalaxmi Fabrics,
Nr. Narol Cross Road,
Ahmedabad, Gujarat, 382405
Phone: +91 6353302166
Email: cs@kalahridhaan.com
Website: http://www.kalahridhaan.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Kalahridhaan Trendz IPO is a SME IPO of 49,98,000 equity shares of the face value of ₹10 aggregating up to ₹22.49 Crores. The issue is priced at ₹45 per share. The minimum order quantity is 3000.
The IPO opens on February 15, 2024, and closes on February 20, 2024.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Kalahridhaan Trendz IPO using UPI as a payment gateway. Zerodha customers can apply in Kalahridhaan Trendz IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Kalahridhaan Trendz IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Kalahridhaan Trendz IPO opens on February 15, 2024 and closes on February 20, 2024.
Kalahridhaan Trendz IPO lot size is 3000, and the minimum amount required for application is ₹1,35,000.
You can apply in Kalahridhaan Trendz 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 Kalahridhaan Trendz IPO will be done on Wednesday, February 21, 2024, and the allotted shares will be credited to your demat account by Thursday, February 22, 2024. Check the Kalahridhaan Trendz IPO allotment status.
The Kalahridhaan Trendz IPO listing date is on Friday, February 23, 2024.
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