Krishca Strapping Solutions IPO Particulars & Guidance at,
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    Krishca Strapping Solutions IPO

    Krishca Strapping Listing Estimate:
    The IPO received exceptionally strong response and it has retained fancy in the grey market. Looking to these factors, the scrip is expected to get listed at Rs. 120/130
    Actual Listing at Rs. 118

    Krishca Strapping Solutions IPO Review:
    Just in the year prior to the IPO, the company has shown good profits and we cannot comment whether it will continue in the future or not. There is not much fancy in the grey market for this IPO.


    What is the GMP of Krishca Strapping Solutions IPO? 
    A day prior to listing
    GMP:  Rs. 63/65
    Allotted Application Rate Rs.100,000

    Krishca Strapping Solutions IPO Subscription Status

    On 19 May 2023 @ 5.00 (Closed)
    QIB:     1208000 Shares  36.10  T
    NII:      362400   Shares  786.89T
    RII:      845600   Shares  572.63 T
    Total:   2416000 Shares  336.50T


    Krishca Strapping Solutions IPO Particulars & Guidance:
    About the business

    Established in the year 2017 at Sivakasi, Tamil Nadu, the company is engaged as the Manufacturer and Wholesaler of Strapping Tool, Strapping Seal, etc. According to the manangement, its products are high in demand due to their premium quality and affordable prices. At its Chennai facility, Heat treated high tensile Steel Straps are manufactured using state-of-the-art equipment and supervised by expert metallurgists and engineers.
    * PLC Controlled automatic production line
    * Automated heat treatment process–Uniform grain structure
    * Pollution free production process – Lead free
    * Super Jumbo coils upto 500 Kgs
    Its Steel strap quality parameters are in line with the American, European and Indian standards.
    Get more information about the company @

    Krishca Strapping Solutions IPO Details
    IPO opens on Tentative 16 May 2023
    IPO closes on   19 May 2023
    Issue Type Book Built Issue IPO
    Issue Size 3320000 Sh /Rs 17.93 Cr
    * Fresh Issue 3320000 Sh /Rs 17.93 Cr
    * Offer for Sale  – Sh /Rs – Cr
    Face Value per share: Rs. 10
    Price Band Rs.51-54
    Employee discount  Rs. 0 per share
    Retail Lot Size  2000 Shares
    Listing will at  NSE Sme
    Shares offered to
      Shares Rs. (Cr)
    QIB   1510000 8.15
    NII  453000 2.44
    RII  1057000 5.70
    Total Shares  3020000 16.30
    Retail portion will be oversubscribed by  528
    How much Shares to Apply in Krishca Strapping Solutions IPO?
    Min Retail Application ? Sh Rs. ?
    Min HNI Application  ? Sh Rs. ?

    Who are the Promoters of Krishca Strapping Solutions IPO?

    What are the Objects of Krishca Strapping Solutions IPO?
    The Company proposes to utilize the Net Proceeds from the Issue
    1) Capital Expenditure for setting up of New Strapping Line
    2) Repayment of certain secured borrowings in full availed by the Company

    IPO Tentative timetable
    IPO opens on 16 May 2023
    IPO Closes on 19 May 2023
    IPO Allotment on  24 May 2023
    Unblocking of ASBA  25 May 2023
    Credit of Shares 26 May 2023
    Listing on 29 May 2023
    Registered Office of the Company
    Building 01B, LOGOS Mappedu Logistics Park Satharai Village, Thiruvallur Taluk, Thiruvallur TN 631203
     Who are the Lead Managers of Krishca Strapping Solutions IPO?
    Who is the Registrar to IPO?
    IPO Financial & Analytical Ratios
    Year Total Income Net Profit EPS RoNW Cr Cr Rs. %
    2019-20 0.98 (2.24) (7.43) (3.48)
    2020-21 9.71 (0.67) (2.33) 0.58
    2021-22  18.72 1.51 3.01 0.94
    Book Value of the Share on 31.03.2022 Rs.3.19    
    Book Value of the Share after the IPO Rs.-    
    Offer Price   Rs. 54    
    Krishca Strapping Solutions 
    Key Performance indicators
    Upper Price/last EPS 17.94
    Upper price/BV Ratio ?
    Upper price/BV after IPO 

    IPO Particulars & Guidance
    Peer Comparison: 

    As on date of DRHP FV Income  PE
      Rs.  in Cr Ratio of
    The IPO Company 10 18.72 ?
    Usha Martin 1 1810 26.85
    Metal Coatings India 10 142.26 22.06


    # 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.

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