Bookbuilding IPO | ₹12 Cr | Listed at NSE SME | Fri, Mar 25, 2022 - Tue, Mar 29, 2022
Krishna Defence IPO is a book build issue of ₹11.89 crores. The issue is entirely a fresh issue of 0.30 crore shares of ₹11.89 crore.
Krishna Defence IPO bidding started from Mar 25, 2022 and ended on Mar 29, 2022. The allotment for Krishna Defence IPO was finalized on Apr 1, 2022. The shares got listed on NSE SME on Apr 6, 2022.
Krishna Defence IPO price band is set at ₹39 per share. The lot size for an application is 3,000. The minimum amount of investment required by an retail is ₹1,17,000 (3000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (6,000 shares), amounting to ₹2,34,000.
Hem Securities 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 Hem Finlease Pvt.Ltd..
Refer to Krishna Defence IPO RHP for detailed Information.
IPO Open
Fri, Mar 25, 2022
IPO Close
Tue, Mar 29, 2022
Issue Price
₹39 per share
Market Cap (Pre-IPO)
₹44.65 Cr
| IPO Date | 25 to 29 Mar, 2022 |
| Listed on | Wed, Apr 6, 2022 |
| Face Value | ₹10 per share |
| Price Band | ₹37 to ₹39 |
| Issue Price | ₹39 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 30,48,000 shares (agg. up to ₹12 Cr) |
| Reserved for Market Maker | 1,56,000 shares Hem Finlease Pvt.Ltd. (agg. up to ₹0.6084 Cr) |
| Fresh Issue (Ex Market Maker) | 28,92,000 shares (agg. up to ₹11 Cr) |
| Net Offered to Public | 28,92,000 shares (agg. up to ₹11 Cr) |
| Share Holding Pre Issue | 84,00,000 shares |
| Share Holding Post Issue | 1,14,48,000 shares |
| NSE Symbol | KRISHNADEF |
| ISIN | INE0J5601015 |
Krishna Defence IPO comprises a total issue size of 30,48,000 shares. The net offer to the public is 28,92,000 shares, after excluding 1,56,000 shares allotted on a firm basis. Of the Net offer 14,43,000 (49.90%) are allocated to QIB, 4,35,000 (15.04%) allocated to NII 10,14,000 (35.06%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 14,43,000 | 49.90% | 47.34% |
| − Anchor Investor Shares Offered | 8,64,000 | 28.35% | |
| − QIB (Ex. Anchor) Shares Offered | 5,79,000 | 19.00% | |
| NII (HNI) Shares Offered | 4,35,000 | 15.04% | 14.27% |
| Retail Shares Offered | 10,14,000 | 35.06% | 33.27% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,56,000 | 5.12% | |
| Total Shares Offered | 30,48,000 | 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 | ₹1,17,000 |
| Retail (Max) | 1 | 3,000 | ₹1,17,000 |
| HNI (Min) | 2 | 6,000 | ₹2,34,000 |
Krishna Defence IPO raises ₹3.37 crore from anchor investors. Krishna Defence IPO Anchor bid date is March 24, 2022.
📝 Anchor Investors Letter (PDF)
| Bid Date | Thu, Mar 24, 2022 |
| Shares Offered | 8,64,000 |
| Anchor Portion (₹ Cr.) | 3.37 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sun, May 1, 2022 |
| Anchor lock-in period end date for remaining shares (90 Days) | Thu, Jun 30, 2022 |
Krishna Defence and Allied Industries Limited develops, manufactures, and designs Defence Application Products, Kitchen and Dairy Equipment Products. The company was incorporated in 1996 and has two manufacturing plants located in Gujarat, Kalol and Halol district near Vadodara.
The company manufactures and offers a wide range of products including Ballast Bricks, Improvised Explosive Device Containment Vessels, Automatic Tyre Killer, Crowd Control Barriers, Bulk milk cooler with thermal storage system, Cow Grooming Brush, Daal Cooker, Rice Storage Chute, Stainless Steel Milk Cans, Milk Cooling Tanks or Bulk Milk Coolers, Solar Powered Milk Cooling Tanks, I-Data (Automated Data Monitoring System for Milk Tanks), Heat Recovery Unit, Auto-CIP system Containerized Milk Procurement Unit, Milking Machine, Bulk Cooking Equipment like Rice Cauldron, Ship Building Steel section, Weld Consumables, etc.
Krishna Defence and Allied Industries started a new vertical in 2020 which manufactures and markets Homeland & Security products like Modular Vehicle Barrier, Automatic Tyre Killer, Multi-purpose Launcher, and Long-Range LED Searchlight to be used by the Indian Armed Forces, Forest Department, Police Department, etc.
Competitive Strengths:
| 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 requirements | 9.00 |
| 2 | General Corporate Purpose | 1.71 |
| KPI | |
|---|---|
| ROE | 10.74% |
| ROCE | 10.87% |
| Debt/Equity | 0.82 |
| RoNW | 10.74% |
| PAT Margin | 5.53% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 2.31 | |
| P/E (x) | 18 | |
| Promoter Holding | 100% | 73.38% |
| Market Cap | ₹44.65 Cr. |
The krishna defence ipo is subscribed 74.84 times on March 29, 2022 5:00:00 PM (Day 3). The public issue subscribed 132.28 times in the retail category, 8.84 times in the QIB category, and 159.9 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 8.84 | 14,43,000 | 1,27,59,000 |
| NII* | 159.9 | 4,35,000 | 6,95,55,000 |
| Retail | 132.28 | 10,14,000 | 13,41,30,000 |
| Total | 74.84 | 28,92,000 | 21,64,44,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manager Fees (including underwriting commission, brokerage and selling & marketing commission) | 0.90 |
| 2 | Fees Payable to Registrar to the Issue | 0.01 |
| 3 | Fees Payable to Legal Advisor | 0.03 |
| 4 | Fees Payable to Statutory Auditor | 0.04 |
| 5 | Advertising and Publishing Expenses | 0.09 |
| 6 | Fees Payable to NSE, CDSL and NSDL | 0.05 |
| 7 | Others (Fees payable for distribution expenses, Selling Commission, Brokerage, Processing Fees and Miscellaneous Expenses) | 0.07 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹39.00 |
| Open | ₹75.00 |
| Low | ₹72.00 |
| High | ₹78.75 |
| Last Trade | ₹78.75 |
Lead Manager Reports
Krishna Defence IPO is a SME IPO of 30,48,000 equity shares of the face value of ₹10 aggregating up to ₹12 Crores. The issue is priced at ₹39 per share. The minimum order quantity is 3000.
The IPO opens on Fri, Mar 25, 2022, and closes on Tue, Mar 29, 2022.
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 Krishna Defence IPO using UPI as a payment gateway. Zerodha customers can apply in Krishna Defence IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Krishna Defence IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Krishna Defence IPO opens on Fri, Mar 25, 2022 and closes on Tue, Mar 29, 2022.
Krishna Defence IPO lot size is 3000, and the minimum amount required for application is ₹1,17,000.
You can apply in Krishna Defence 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 Krishna Defence IPO will be done on Friday, April 1, 2022, and the allotted shares will be credited to your demat account by Tue, Apr 5, 2022. Check the Krishna Defence IPO allotment status.
The Krishna Defence IPO listing date is on Wed, Apr 6, 2022.
