February 23, 2024
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Kalahridhaan Trendz IPO Watch, Guidance & Subscription Status at Chanakyanipothi.com,
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Kalahridhaan Trendz IPO Post Listing Review :
On 23th February, the scrip is listed at Rs.47.15, compared to the Issue-price of Rs.45, at a premium of 4.78%. The listing has been in line with the expectations of the grey market players.
Kalahridhaan Trendz IPO Subscription
On 20 February 2024 5.00 am (Day 4) (Closed)
Review: So so response even on Day4
NII: 2373000 Shares 6.66 T
RII: 2373000 Shares 9.63 T
Total: 4746000 Shares 8.15 T
What is the business of Kalahridhaan Trendz?
The Company is engaged mainly in the business of manufacturing and trading of Fabric with embroidery works, Trading of grey cloths, purchase of grey cloth and printing and dyeing for preparing suiting, shirting and dress materials for sale it in the market.
In case of Embroidery Segment, the Company undertake the embroidery work for its own business as well as on behalf of the other clients. In addition to this we also get embroidery work out sourced. The company also deals in purchase and sell of grey cloths as well as the suiting, shirting and dress materials. It has two embroidery knitting machines having capacity of 15000 meters per day.
As a part of expansion of business activities, as a part of forward integration, it has also taken over the textile Dying and printing business unit on rent basis in February,2018,where it is carrying out the dying and printing of suiting, shirting and dress materials for its own use as well as on job work too.
The manufacturing unit are located at the outskirts of the Ahmedabad City on Narol Circle and thus enjoys the good connectivity with different parts of the states, which makes the movements of the raw- material as well as finished products very easy and comfortable. Thus, it helps in procurement of raw material and dispatch of its finished products to the various clients. Road, rail and air connectivity from Ahmadabad to the various states of India is easily available.
Get more information about the company @ www.kalahridhaan.com
| Kalahridhaan Trendz IPO Details | |
| IPO opens on | 15 February 2024 |
| IPO closes on | 20 February 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 4998000 Sh /Rs 22.49 Cr |
| * Fresh Issue | 4998000 Sh /Rs 22.49 Cr |
| * Offer for Sale | – Sh /Rs – Cr |
| Market Maker Portion | 252000 Sh. |
| Net offer to Public | 4746000 Sh./Rs.21.35 Cr |
| Face Value per share | Rs. 10 |
| Price Band | Rs. 45 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 3000 Shares |
| Listing will at | NSE SME |
| Shares offered in Kalahridhaan Trendz IPO | ||
| Shares | Rs. (Cr) | |
| QIB (50%) | – | – |
| NII (15%) | 2373000 | 10.68 |
| RII (35%) | 2373000 | 10.68 |
| Total Shares | 4746000 | 21.35 |
| Retail portion will be oversubscribed by | 791 | |
| Forms | ||
| How much Shares to Apply in Kalahridhaan Trendz IPO? | ||
| Min Retail Application | 3000 Sh | Rs. 135000 |
| Min HNI Application | 6000 Sh | Rs.270000 |
Who are the Promoters of Kalahridhaan Trendz IPO?
The promoters of the company are Mr. Niranjan Agarwal and Mr. Aditya Agarwa
What are the Objects of Kalahridhaan Trendz IPO?
The Offer comprises only of a Fresh Issue of Equity shares.
The company intend to utilize the proceeds of the Issue to meet the following objectives: –
To Meet Working Capital Requirement
General Corporate Purpose
To Meet the Issue Expenses
| Kalahridhaan Trendz IPO Tentative timetable | |
| IPO opens on | 15 February 2024 |
| IPO Closes on | 20 February 2024 |
| IPO Allotment on | 21 February2024 |
| Refund Initiation | 22 February 2024 |
| Credit of Shares | 22 February 2024 |
| Listing on | 23 February 2024 |
| Registered Office of the Company 57 Ashra Industrial Estate, B/H Mahalaxmi Fabrics, Nr. Narol Cross Road, Ahmedabad 382405, Gujarat, India |
| Who is the Lead Manager of Kalahridhaan Trendz IPO? Interactive Financial Services Ltd |
| Who is the Registrar to IPO? Bigshare Services Pvt ltd |
| Kalahridhaan Trendz IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in Cr | Rs. | % | |
| 2020-21 | 44.06 | 1.73 | 1.07 | 7.04 |
| 2021-22 | 89.70 | 3.78 | 2.33 | 13.34 |
| 2022-23 | 249.97 | 10.29 | 5.93 | 25.34 |
| Book Value of the Share on | 31.03.2023 | Rs 23.38 | ||
| BV of the Share at cap price | after the IPO | Rs. ? | ||
| Offer Price/upper band | Rs. 45 | |||
| Kalahridhaan Trendz IPO Key Performance indicators |
|
| Price/last EPS of 22-23 | 7.59 |
| Price/BV Ratio | 1.92 |
| Upper price/BV after IPO | |
How Kalahridhaan Trendz IPO compares with the Peers?
There is no other listed company which is specifically comparable to it w.r.t its business model, size and financials.
| As per DRHP | FV | Total Income | PE Ratio |
| In Rs. Cr | |||
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Kalahridhaan Trendz IPO To the point Guidance
The Company is engaged mainly in the business of manufacturing and trading of Fabric with embroidery works, Trading of grey cloths, purchase of grey cloth and printing and dyeing for preparing suiting, shirting and dress materials for sale it in the market.
Size: The net size of the IPO is just Rs. 21.35 Cr (4746000 shares). Looking to recent trend, this size is not very large. With just 791 applications, retail portion will get one time subscribed. So oversubscription seems not to be an issue.
Financial Snapshot: The company has shown sharp rise in the topline and bottomline for the year 2022-23. The topline has increased to Rs. 249.97 Cr from Rs. 44.06 in the year 2020-21. Similarly, the net profit has increased to Rs. 10.29 Cr. from just Rs. 1.73 Cr in the year 2020-21. Sharp rise in the topline and bottomline, raise eyebrows. Whether the company can maintain such high level of profits is a question. If the company is able to maintain such profits, then IPO is reasonably priced. One must also consider the recent fatigue seen in the IPO market.
Quicklinks
Kalahridhaan Trendz IPO GMP Detail IPO GMP today details?
Kalahridhaan Trendz IPO
Kalahridhaan Trendz IPO FAQs
What is Kalahridhaan Trendz IPO?
Kalahridhaan Trendz IPO is a SME IPO of 3920000 equity shares of the face value of Rs. 10 aggregating up to Rs.26.66 Crores. The issue is priced at Rs.68 per share. The minimum order quantity is 2000 Shares.
When Kalahridhaan Trendz IPO will open?
Kalahridhaan Trendz IPO opens on Febryary 02, 2024, and closes on February 7, 2024.
What is the lot size of Kalahridhaan Trendz IPO?
Kalahridhaan Trendz IPO lot size is 2000 Shares, and the minimum amount required is Rs.136000.
How to apply for Kalahridhaan Trendz IPO?
You can apply in Kalahridhaan Trendz IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is Kalahridhaan Trendz IPO allotment?
The finalization of Basis of Allotment for Kalahridhaan Trendz IPO will be done on February 8, 2024, and the allotted shares will be credited to your demat account by February 9, 2024.
When is Kalahridhaan Trendz IPO listing date?
Kalahridhaan Trendz IPO listing date is not yet announced. The tentative date of Kalahridhaan Trendz IPO listing is February 12, 2024.
