Fixed Price IPO | ₹22 Cr | Listed at NSE SME | Thu, Feb 15, 2024 - Tue, Feb 20, 2024
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Thu, Feb 15, 2024
IPO Close
Tue, Feb 20, 2024
Issue Price
₹45 per share
Market Cap (Pre-IPO)
₹77.34 Cr
| IPO Date | 15 to 20 Feb, 2024 |
| Listed on | Fri, Feb 23, 2024 |
| Face Value | ₹10 per share |
| Issue Price | ₹45 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 49,98,000 shares (agg. up to ₹22 Cr) |
| Reserved for Market Maker | 2,52,000 shares Sunflower Broking Pvt.Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 47,46,000 shares (agg. up to ₹21 Cr) |
| Net Offered to Public | 47,46,000 shares (agg. up to ₹21 Cr) |
| Share Holding Pre Issue | 1,21,89,000 shares |
| Share Holding Post Issue | 1,71,87,000 shares |
| NSE Symbol | KTL |
| ISIN | INE02M801018 |
Kalahridhaan Trendz IPO comprises a total issue size of 49,98,000 shares. The net offer to the public is 47,46,000 shares, after excluding 2,52,000 shares allotted on a firm basis. Of the Net offer 23,73,000 (50.00%) allocated to NII 23,73,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 23,73,000 | 50.00% | 47.48% |
| Retail Shares Offered | 23,73,000 | 50.00% | 47.48% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,52,000 | 5.04% | |
| Total Shares Offered | 49,98,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| 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 |
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.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 109.79 | 109.63 | 102.98 | 59.79 |
| Total Income | 84.35 | 184.17 | 183.90 | 132.36 |
| Profit After Tax | 4.79 | 6.66 | 2.46 | 1.11 |
| NET Worth | 22.91 | 12.03 | 5.37 | 2.91 |
| Reserves and Surplus | 10.72 | 12.03 | 5.37 | 2.91 |
| Total Borrowing | 67.02 | 61.05 | 52.50 | 31.46 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Working Capital Requirements | 16.07 |
| 2 | General Corporate Purposes | 5.35 |
| KPI | |
|---|---|
| ROE | 42.09% |
| ROCE | 17.39% |
| Debt/Equity | 3.19 |
| RoNW | 36.75% |
| PAT Margin | 3.62% |
| Price to Book Value | 1.51 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 5.46 | 5.57 |
| P/E (x) | 8.24 | 8.08 |
| Promoter Holding | 96.22% | 68.24% |
| Market Cap | ₹77.34 Cr. |
The Kalahridhaan Trendz IPO is subscribed 8.15 times on February 20, 2024 6:20:00 PM (Day 4). The public issue subscribed 9.63 times in the retail category, [.] times in the QIB category, and 6.66 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (x) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 6.66 | 23,73,000 | 1,57,95,000 |
| Retail | 9.63 | 23,73,000 | 2,28,54,000 |
| Total | 8.15 | 47,46,000 | 3,86,49,000 |
Total Applications: 7,618
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manager Fees including Underwriting Commission | 0.25 |
| 2 | Brokerage, selling commission and Marketing fees | 0.37 |
| 3 | Registrar to the Issue | 0.02 |
| 4 | Legal Advisors | 0.01 |
| 5 | Advertising and Marketing | 0.12 |
| 6 | Regulators including stock exchanges | 0.15 |
| 7 | Printing and distribution of issue stationary | 0.03 |
| 8 | Others (Market Making fees etc.) | 0.12 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹45.00 |
| Open | ₹47.15 |
| Low | ₹47.15 |
| High | ₹49.50 |
| Last Trade | ₹49.50 |
Lead Manager Reports
Kalahridhaan Trendz IPO is a SME IPO of 49,98,000 equity shares of the face value of ₹10 aggregating up to ₹22 Crores. The issue is priced at ₹45 per share. The minimum order quantity is 3000.
The IPO opens on Thu, Feb 15, 2024, and closes on Tue, Feb 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 Thu, Feb 15, 2024 and closes on Tue, Feb 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 Thu, Feb 22, 2024. Check the Kalahridhaan Trendz IPO allotment status.
The Kalahridhaan Trendz IPO listing date is on Fri, Feb 23, 2024.
