Bookbuilding IPO | ₹18 Cr | Listed at NSE SME | Tue, May 16, 2023 - Fri, May 19, 2023
Krishca Strapping Solutions IPO is a book build issue of ₹17.93 crores. The issue is entirely a fresh issue of 0.33 crore shares of ₹17.93 crore.
Krishca Strapping Solutions IPO bidding started from May 16, 2023 and ended on May 19, 2023. The allotment for Krishca Strapping Solutions IPO was finalized on May 24, 2023. The shares got listed on NSE SME on May 26, 2023.
Krishca Strapping Solutions IPO price band is set at ₹54 per share. The lot size for an application is 2,000. The minimum amount of investment required by an retail is ₹1,08,000 (2000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (4,000 shares), amounting to ₹2,16,000.
Share India Capital Services Pvt.Ltd. is the book running lead manager and Purva Sharegistry (India) Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Share India Securities Ltd..
Refer to Krishca Strapping Solutions IPO RHP for detailed Information.
IPO Open
Tue, May 16, 2023
IPO Close
Fri, May 19, 2023
Issue Price
₹54 per share
Market Cap (Pre-IPO)
₹65.18 Cr
| IPO Date | 16 to 19 May, 2023 |
| Listed on | Fri, May 26, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹51 to ₹54 |
| Issue Price | ₹54 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 33,20,000 shares (agg. up to ₹18 Cr) |
| Reserved for Market Maker | 3,00,000 shares Share India Securities Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 30,20,000 shares (agg. up to ₹16 Cr) |
| Net Offered to Public | 30,20,000 shares (agg. up to ₹16 Cr) |
| Share Holding Pre Issue | 87,50,000 shares |
| Share Holding Post Issue | 1,20,70,000 shares |
| NSE Symbol | KRISHCA |
| ISIN | INE0NR701018 |
Krishca Strapping Solutions IPO comprises a total issue size of 33,20,000 shares. The net offer to the public is 30,20,000 shares, after excluding 3,00,000 shares allotted on a firm basis. Of the Net offer 15,08,000 (49.93%) are allocated to QIB, 4,54,000 (15.03%) allocated to NII 10,58,000 (35.03%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 15,08,000 | 49.93% | 45.42% |
| − Anchor Investor Shares Offered | 9,04,000 | 27.23% | |
| − QIB (Ex. Anchor) Shares Offered | 6,04,000 | 18.19% | |
| NII (HNI) Shares Offered | 4,54,000 | 15.03% | 13.67% |
| Retail Shares Offered | 10,58,000 | 35.03% | 31.87% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,00,000 | 9.04% | |
| Total Shares Offered | 33,20,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,08,000 |
| Retail (Max) | 1 | 2,000 | ₹1,08,000 |
| HNI (Min) | 2 | 4,000 | ₹2,16,000 |
Krishca Strapping Solutions IPO raises ₹4.88 crore from anchor investors. Krishca Strapping Solutions IPO Anchor bid date is May 15, 2023.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, May 15, 2023 |
| Shares Offered | 9,04,000 |
| Anchor Portion (₹ Cr.) | 4.88 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, Jun 23, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Aug 22, 2023 |
Incorporated in 2017, Krishca Strapping Solutions Limited is a manufacturer and wholesaler of Strapping Tools and Strapping Seal.
The company has a manufacturing facility in Chennai with a capacity of 18,000 MT of steel straps and 80 million Seals per annum.
Krishca Strapping Solutions' product range includes:
The steel strap quality requirements of the company are in compliance with American, European, and Indian standards. That is IS 5872:1990 - Cold rolled steel straps (box strappings) specification; ASTM D-3953 - Standard Specification for Strapping, Flat Steel and Seals; and BS EN 13246:2001 - Packaging.
Krishca Strapping Solutions has a team of 50 employees working for them.
| Period Ended | 15 Feb 2023 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 26.97 | 15.44 | 12.92 | 9.16 |
| Total Income | 63.51 | 18.72 | 9.71 | 0.98 |
| Profit After Tax | 7.86 | 1.51 | -0.67 | -2.24 |
| NET Worth | 9.45 | 1.60 | -1.20 | 0.64 |
| Reserves and Surplus | 4.45 | -3.40 | -4.22 | -2.37 |
| Total Borrowing | 11.93 | 9.39 | 13.37 | 8.27 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Capital Expenditure for setting up of New Strapping Line | 12.04 |
| 2 | Repayment of certain secured borrowings in full availed by our Company | 3.75 |
| 3 | General Corporate Expenses | 1.10 |
| 4 | Issue Expenses | 1.04 |
| KPI | |
|---|---|
| RoNW | 0.83% |
| PAT Margin | 8.08% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 15.71 | |
| P/E (x) | 3.43 | |
| Promoter Holding | 86.34% | 62.6% |
| Market Cap | ₹65.18 Cr. |
The Krishca Strapping Solutions IPO is subscribed 336.57 times on May 19, 2023 7:29:00 PM (Day 4). The public issue subscribed 572.83 times in the retail category, 36.1 times in the QIB category, and 786.89 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 36.1 | 12,08,000 | 4,36,04,000 |
| NII* | 786.89 | 3,62,400 | 28,51,68,000 |
| Retail | 572.83 | 8,45,600 | 48,43,88,000 |
| Total | 336.57 | 24,16,000 | 81,31,60,000 |
Total Application : 2,42,194
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue management fees including fees and reimbursements of Market Making fees and payment to other Intermediaries such as Legal Advisors to the IPO, Registrars and other out of pocket expenses. | 0.86 |
| 2 | Advertising and marketing expenses | 0.05 |
| 3 | Printing & Stationery, Distribution, Postage | 0.03 |
| 4 | Regulatory and other statutory expenses including Listing Fee | 0.10 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹54.00 |
| Open | ₹118.80 |
| Low | ₹112.90 |
| High | ₹118.80 |
| Last Trade | ₹112.90 |
Purva Sharegistry (India) Pvt.Ltd.
Lead Manager Reports
Krishca Strapping Solutions IPO is a SME IPO of 33,20,000 equity shares of the face value of ₹10 aggregating up to ₹18 Crores. The issue is priced at ₹54 per share. The minimum order quantity is 2000.
The IPO opens on Tue, May 16, 2023, and closes on Fri, May 19, 2023.
Purva Sharegistry (India) Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Krishca Strapping Solutions IPO using UPI as a payment gateway. Zerodha customers can apply in Krishca Strapping Solutions IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Krishca Strapping Solutions IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Krishca Strapping Solutions IPO opens on Tue, May 16, 2023 and closes on Fri, May 19, 2023.
Krishca Strapping Solutions IPO lot size is 2000, and the minimum amount required for application is ₹1,08,000.
You can apply in Krishca Strapping Solutions 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 Krishca Strapping Solutions IPO will be done on Wednesday, May 24, 2023, and the allotted shares will be credited to your demat account by Fri, May 26, 2023. Check the Krishca Strapping Solutions IPO allotment status.
The Krishca Strapping Solutions IPO listing date is on Fri, May 26, 2023.
