Fixed Price IPO | ₹9 Cr | Listed at BSE SME | Thu, Feb 14, 2019 - Wed, Feb 20, 2019
Kranti Industries IPO is a fixed price issue of ₹8.58 crores. The issue is a combination of fresh issue of 0.18 crore shares aggregating to ₹6.48 crores and offer for sale of 0.06 crore shares aggregating to ₹2.10 crores.
Kranti Industries IPO bidding started from Feb 14, 2019 and ended on Feb 20, 2019. The shares got listed on BSE SME on Feb 28, 2019.
Kranti Industries IPO price is ₹37 per share. The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,11,000 (3000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (6,000 shares), amounting to ₹2,22,000.
Fast Track Finsec Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is SMC Global Securities Ltd..
Refer to Kranti Industries IPO RHP for detailed Information.
IPO Open
Thu, Feb 14, 2019
IPO Close
Wed, Feb 20, 2019
Issue Price
₹37 per share
Market Cap (Pre-IPO)
₹32.57 Cr
| IPO Date | 14 to 20 Feb, 2019 |
| Listed on | Thu, Feb 28, 2019 |
| Face Value | ₹10 per share |
| Issue Price | ₹37 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 23,19,000 shares (agg. up to ₹9 Cr) |
| Reserved for Market Maker | 1,17,000 shares SMC Global Securities Ltd. (agg. up to ₹0.4329 Cr) |
| Fresh Issue (Ex Market Maker) | 16,35,000 shares (agg. up to ₹6 Cr) |
| Offer for Sale | 5,67,000 shares of ₹10 (agg. up to ₹2 Cr) |
| Net Offered to Public | 22,02,000 shares (agg. up to ₹8 Cr) |
| Share Holding Pre Issue | 70,50,000 shares |
| Share Holding Post Issue | 88,02,000 shares |
| BSE Script Code | 542459 |
| ISIN | INE911T01010 |
Kranti Industries IPO comprises a total issue size of 23,19,000 shares. The net offer to the public is 22,02,000 shares, after excluding 1,17,000 shares allotted on a firm basis. Of the Net offer 11,01,000 (50.00%) allocated to NII 11,01,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 11,01,000 | 50.00% | 47.48% |
| Retail Shares Offered | 11,01,000 | 50.00% | 47.48% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,17,000 | 5.05% | |
| Total Shares Offered | 23,19,000 | 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 | ₹1,11,000 |
| Retail (Max) | 1 | 3,000 | ₹1,11,000 |
| HNI (Min) | 2 | 6,000 | ₹2,22,000 |
Incorporated in 1995, Pune based Kranti Industries Limited is a company engaged in the business of manufacturing and supplying of precision machined components. The company is primarily known for a range of automotive component and non-automotive (off highway) components.
The company manufactures different types of automotive components varying from 100 MM to 1200 MM in size. It also manufactures customized products for reputed Original Equipment Manufacturers (OEMs) of diverse industries such as passenger cars, electric cars, two-wheelers, light vehicles, tractors, construction machinery, off-highway, heavy trucks and railways etc.
Over the years Kranti Industries has diversified its product portfolio. It currently caters to various sectors by developing components for automobile, commercial vehicle, construction, pneumatic tool, windmill, medical industry, etc.
The company's client base includes Graziano Transmission India Pvt. Ltd, John Deere India Pvt. Ltd, CNH Industrial (India) Private Limited formerly known as (New Holland Fiat (I) Pvt. Ltd), Carraro India Pvt. Ltd, Jaya Hind Industries Limited, Endurance Technologies limited, Neosym Industry Limited (Sanaswadi) and Meltwel Scrap Traders, etc.
The company has two manufacturing facilities located at Pune, Maharashtra.
The current Order Book of the company, as on November 30, 2018, is approximately Rs 660.34 Lacs.
The company has 155 employees (including temporary workers) on its payroll.
Competitive Strengths:
1. More than 20 years of experience
2. Stable customer base with 10 largest customers accounting for around 96% of total domestic sales
3. Diverse product portfolio catering to different market needs
4. Well established manufacturing facilities located at automotive hub
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To Meet Working Capital Requirement | 4.30 |
| 2 | General corporate purposes | 1.38 |
| 3 | Offer Expenses | 0.80 |
The Kranti Industries IPO is subscribed 1.29 times on February 20, 2019 7:49:03 PM (Day 5). The public issue subscribed 1.31 times in the retail category, [.] times in the QIB category, and 1.26 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.26 | 11,01,000 | 13,89,000 |
| Retail | 1.31 | 11,01,000 | 14,43,000 |
| Total | 1.29 | 22,02,000 | 28,41,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manager fee including underwriting commission | 0.60 |
| 2 | Fees payable to Advisor to the Offer | 0.25 |
| 3 | Fees payable to Registrar to the Offer | 0.01 |
| 4 | Fees payable to Legal Advisor to the Offer | 0.01 |
| 5 | Fees payable to Advertising Expenses | 0.01 |
| 6 | Fees payable to Regulators including Stock Exchange | 0.02 |
| 7 | Selling commission and processing fees for SCSBs | 0.01 |
| 8 | Payment for Printing and Distribution of Issue Stationary | 0.01 |
| 9 | Others (Fees Payable to Peer Review Auditor, Marketing Expenses, Brokerage, Processing Fees for Application and Miscellaneous Expenses) | 0.15 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹37.00 |
| Open | ₹35.25 |
| Low | ₹35.25 |
| High | ₹37.00 |
| Last Trade | ₹36.95 |
Lead Manager Reports
Kranti Industries IPO is a SME IPO of 23,19,000 equity shares of the face value of ₹10 aggregating up to ₹9 Crores. The issue is priced at ₹37 per share. The minimum order quantity is 3000.
The IPO opens on Thu, Feb 14, 2019, and closes on Wed, Feb 20, 2019.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Kranti Industries IPO using UPI as a payment gateway. Zerodha customers can apply in Kranti Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Kranti Industries IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Kranti Industries IPO opens on Thu, Feb 14, 2019 and closes on Wed, Feb 20, 2019.
Kranti Industries IPO lot size is 3000, and the minimum amount required for application is ₹1,11,000.
You can apply in Kranti 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 Kranti Industries IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Kranti Industries IPO allotment status.
The Kranti Industries IPO listing date is on Thu, Feb 28, 2019.
