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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 ₹54.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an retail is ₹1,02,000 (2000 shares). The minimum lot size investment for 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 Date | May 16, 2023 to May 19, 2023 |
| Listing Date | May 26, 2023 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹51 to ₹54 per share |
| Issue Price Final | ₹54 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 33,20,000 shares (aggregating up to ₹17.93 Cr) |
| Reserved for Market Maker | 3,00,000 shares Share India Securities Ltd. (aggregating up to ₹1.62 Cr) |
| Net Offered to Public | 30,20,000 shares (aggregating up to ₹16.31 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 87,50,000 shares |
| Share Holding Post Issue | 1,20,70,000 shares |
Krishca Strapping Solutions IPO offers total 33,20,000 shares. Out of which 15,08,000 (45.42%) allocated to QIB, 6,04,000 (18.19%) allocated to QIB, 4,54,000 (13.67%) allocated to NII, 10,58,000 (31.87%) allocated to RII and 9,04,000 (27.23%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,00,000 (9.04%) |
| QIB Shares Offered | 15,08,000 (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 (13.67%) |
| Retail Shares Offered | 10,58,000 (31.87%) |
| Total Shares Offered | 33,20,000 (100.00%) |
Krishca Strapping Solutions IPO raises ₹4.88 crore from anchor investors. Krishca Strapping Solutions IPO Anchor bid date is May 15, 2023. Krishca Strapping Solutions IPO Anchor Investors list
| Bid Date | May 15, 2023 |
| Shares Offered | 9,04,000 |
| Anchor Portion Size (In Cr.) | 4.88 |
| Anchor lock-in period end date for 50% shares (30 Days) | June 23, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | August 22, 2023 |
Krishca Strapping Solutions IPO opens on May 16, 2023, and closes on May 19, 2023.
| IPO Open Date | Tue, May 16, 2023 |
| IPO Close Date | Fri, May 19, 2023 |
| Tentative Allotment | Wed, May 24, 2023 |
| Initiation of Refunds | Thu, May 25, 2023 |
| Credit of Shares to Demat | Fri, May 26, 2023 |
| Tentative Listing Date | Fri, May 26, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, May 19, 2023 |
Investors can bid for a minimum of 2,000 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 | 2,000 | ₹1,08,000 |
| Retail (Max) | 1 | 2,000 | ₹1,08,000 |
| HNI (Min) | 2 | 4,000 | ₹2,16,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 915.75 | 98.15 | -223.92 | 64.34 | -237.02 | 827.36 |
| 31-Mar-21 | 1,292.02 | 971.05 | -67.25 | -120.28 | -421.64 | 1,337.48 |
| 31-Mar-22 | 1,544.00 | 1,871.71 | 150.54 | 159.51 | -340.49 | 939.28 |
| 15-Feb-23 | 2,696.96 | 6,351.23 | 785.75 | 945.26 | 445.26 | 1,193.01 |
| Amount in ₹ Lakhs | ||||||
The market capitalization of Krishca Strapping Solutions IPO is ₹65.18 Cr.
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
[Dilip Davda] KSSL has created a niche place and increased its market share within a short span. It is now adding one more production line to meet the demand and also repaying partial debt resulting in increased earnings. Based on its FY23 performance, the issue is lucratively priced. Investors may consider parking funds for medium to long-term rewards. Read detail review...
| Listing Date | May 26, 2023 |
| BSE Script Code | |
| NSE Symbol | KRISHCA |
| ISIN | INE0NR701018 |
| Final Issue Price | ₹54 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹54.00 |
| Open | ₹118.80 |
| Low | ₹112.90 |
| High | ₹118.80 |
| Last Trade | ₹112.90 |
Krishca Strapping Solutions Ltd.
Building 01B,
LOGOS Mappedu Logistics Park Sathara,
Thiruvallur Taluk,
Thiruvallur, Tamil Nadu, 631203
Phone: +91-9884111098
Email: cs@krishcastrapping.com
Website: http://www.krishcastrapping.com/
Purva Sharegistry (India) Pvt.Ltd.
Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com
Website: https://www.purvashare.com/investor-service/ipo-query
Krishca Strapping Solutions IPO is a SME IPO of 33,20,000 equity shares of the face value of ₹10 aggregating up to ₹17.93 Crores. The issue is priced at ₹54 per share. The minimum order quantity is 2000.
The IPO opens on May 16, 2023, and closes on 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 May 16, 2023 and closes on 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 Friday, May 26, 2023. Check the Krishca Strapping Solutions IPO allotment status.
The Krishca Strapping Solutions IPO listing date is on Friday, May 26, 2023.
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