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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 ₹39.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an retail is ₹1,11,000 (3000 shares). The minimum lot size investment for 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 Date | March 25, 2022 to March 29, 2022 |
| Listing Date | April 6, 2022 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹37 to ₹39 per share |
| Issue Price Final | ₹39 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 30,48,000 shares (aggregating up to ₹11.89 Cr) |
| Reserved for Market Maker | 1,56,000 shares Hem Finlease Pvt.Ltd. (aggregating up to ₹0.6084 Cr) |
| Net Offered to Public | 28,92,000 shares (aggregating up to ₹11.28 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 84,00,000 shares |
| Share Holding Post Issue | 1,14,48,000 shares |
krishna defence ipo offers total 30,48,000 shares. Out of which 14,43,000 (47.34%) allocated to QIB, 5,79,000 (19.00%) allocated to QIB, 4,35,000 (14.27%) allocated to NII, 10,14,000 (33.27%) allocated to RII and 8,64,000 (28.35%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,56,000 (5.12%) |
| QIB Shares Offered | 14,43,000 (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 (14.27%) |
| Retail Shares Offered | 10,14,000 (33.27%) |
| Total Shares Offered | 30,48,000 (100.00%) |
Krishna Defence IPO raises ₹3.37 crore from anchor investors. Krishna Defence IPO Anchor bid date is March 24, 2022. Krishna Defence IPO Anchor Investors list
| Bid Date | March 24, 2022 |
| Shares Offered | 8,64,000 |
| Anchor Portion Size (In Cr.) | 3.37 |
| Anchor lock-in period end date for 50% shares (30 Days) | May 1, 2022 |
| Anchor lock-in period end date for remaining shares (90 Days) | June 30, 2022 |
Krishna Defence IPO opens on March 25, 2022, and closes on March 29, 2022.
| IPO Open Date | Fri, Mar 25, 2022 |
| IPO Close Date | Tue, Mar 29, 2022 |
| Tentative Allotment | Fri, Apr 1, 2022 |
| Initiation of Refunds | Mon, Apr 4, 2022 |
| Credit of Shares to Demat | Tue, Apr 5, 2022 |
| Tentative Listing Date | Wed, Apr 6, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Mar 29, 2022 |
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 | ₹1,17,000 |
| Retail (Max) | 1 | 3,000 | ₹1,17,000 |
| HNI (Min) | 2 | 6,000 | ₹2,34,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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:
| Particulars | For the year/period ended (Rs in Lakhs) | ||||
|---|---|---|---|---|---|
| 30-Sep-21 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | ||
| Total Assets | 5,804.14 | 5,620.06 | 6,141.36 | 6,599.65 | |
| Total Revenue | 2,098.20 | 3,618.84 | 2,572.37 | 5,890.85 | |
| Profit After Tax | 122.11 | 193.65 | 74.61 | 206.44 | |
The market capitalization of Krishna Defence IPO is ₹44.65 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 18 |
The company intends to utilize the proceeds of the Issue to meet the following objectives:
[Dilip Davda] The company kept changing its business over the last few years. All these segments are poised for rising competition. KDAIL has posted inconsistency in its financial performances so far. The sustainability of margins remains a major concern. Based on the financial data, the issue appears fully priced. Considering all these, cash surplus /risk seekers may consider investment with a long-term perspective. Read detail review...
| Listing Date | April 6, 2022 |
| BSE Script Code | |
| NSE Symbol | KRISHNADEF |
| ISIN | INE0J5601015 |
| Final Issue Price | ₹39 per share |
| BSE Listing Group | ST |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹39.00 |
| Open | ₹75.00 |
| Low | ₹72.00 |
| High | ₹78.75 |
| Last Trade | ₹78.75 |
Krishna Defence & Allied Industries Ltd.
344, Floor-3, Plot-267, A To Z Industrial Estate,
Ganapatrao Kadam Marg, Lower Parel,
Delisle Road
Mumbai, Maharashtra, 400013
Phone: +91 22 4220 3800/99
Email: cs@krishnaallied.com
Website: http://www.krishnaallied.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Krishna Defence IPO is a SME IPO of 30,48,000 equity shares of the face value of ₹10 aggregating up to ₹11.89 Crores. The issue is priced at ₹39 per share. The minimum order quantity is 3000.
The IPO opens on March 25, 2022, and closes on March 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 March 25, 2022 and closes on March 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 Tuesday, April 5, 2022. Check the Krishna Defence IPO allotment status.
The Krishna Defence IPO listing date is on Wednesday, April 6, 2022.
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