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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 ₹37.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,11,000 (3000 shares). The minimum lot size investment for 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 Date | February 14, 2019 to February 20, 2019 |
| Listing Date | February 28, 2019 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹37 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 23,19,000 shares (aggregating up to ₹8.58 Cr) |
| Reserved for Market Maker | 1,17,000 shares SMC Global Securities Ltd. (aggregating up to ₹0.4329 Cr) |
| Fresh Issue (Ex Market Maker) | 16,35,000 shares (aggregating up to ₹6.05 Cr) |
| Offer for Sale | 5,67,000 shares of ₹10 (aggregating up to ₹2.10 Cr) |
| Net Offered to Public | 22,02,000 shares (aggregating up to ₹8.15 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 70,50,000 shares |
| Share Holding Post Issue | 88,02,000 shares |
Kranti Industries IPO offers total 23,19,000 shares. Out of which 11,01,000 (47.48%) allocated to NII, 11,01,000 (47.48%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,17,000 (5.05%) |
| NII (HNI) Shares Offered | 11,01,000 (47.48%) |
| Retail Shares Offered | 11,01,000 (47.48%) |
| Total Shares Offered | 23,19,000 (100.00%) |
Kranti Industries IPO opens on February 14, 2019, and closes on February 20, 2019.
| IPO Open Date | Thu, Feb 14, 2019 |
| IPO Close Date | Wed, Feb 20, 2019 |
| Tentative Listing Date | Thu, Feb 28, 2019 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Feb 20, 2019 |
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 | ₹1,11,000 |
| Retail (Max) | 1 | 3,000 | ₹1,11,000 |
| HNI (Min) | 2 | 6,000 | ₹2,22,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 30-Sep-18 | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | |||
| Total Assets | 5,015.10 | 4,378.06 | 4,401.16 | 4,135.49 | ||
| Total Revenue | 3,321.91 | 4,610.92 | 2,925.19 | 2,884.41 | ||
| Profit After Tax | 137.14 | 89.97 | (92.85) | (21.02) | ||
The Company Kranti Industries IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | To Meet Working Capital Requirement | 4.30 |
| 2 | General corporate purposes | 1.38 |
| 3 | Offer Expenses | 0.80 |
[Dilip Davda] Kranti Industries have a diverse product range. It is catering to major segments in moving equipment/automobile sectors across the board. It also has a few specialized components (for EVs) under development. With all these factors, it is posed for bright prospects ahead. FY18 and H! FY19 is hinting at growth pattern. Investors may consider it for long term rewards. Read detail review...
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| Listing Date | February 28, 2019 |
| BSE Script Code | 542459 |
| NSE Symbol | |
| ISIN | INE911T01010 |
| Final Issue Price | ₹37 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹37.00 |
| Open | ₹35.25 |
| Low | ₹35.25 |
| High | ₹37.00 |
| Last Trade | ₹36.95 |
Kranti Industries Ltd.
Gat No.267/B/1,
Post Pirangut,
Tal. Mulshi,
Pune, Maharashtra, 412115
Phone: +91-20-6675 5676
Email: cs@krantiindustries.com
Website: http://www.krantiindustries.com/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: kranti.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Kranti Industries IPO is a SME IPO of 23,19,000 equity shares of the face value of ₹10 aggregating up to ₹8.58 Crores. The issue is priced at ₹37 per share. The minimum order quantity is 3000.
The IPO opens on February 14, 2019, and closes on February 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 February 14, 2019 and closes on February 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 Thursday, February 28, 2019.
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