Labelkraft Technologies IPO Particulars & Guidance

    Labelkraft Technologies IPO Particulars & Guidance at,
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    Labelkraft Technologies IPO Listing:
    The IPO gave very disappointing listing. The scrip witnessed strong fancy in the grey market with strong buying for subject to and yet the scrip listed atjust Rs. 56 (as compared to issue price of Rs.55)

    Labelkraft Technologies IPO Guidance:
    The track record of the business is very small and yet the client list which includes prominent names is impressive. Lead Manager Hem Securities has strong record of good listings. IPO size is very small, so huge oversubscription and consequently good listing expected.


    Labelkraft Technologies IPO Grey Market
    Latest GMP:  9/10
    Subject to: Rs. 20000

    Labelkraft Technologies IPO Subscription Status
    On 15 March 2023 @ 5.00 am (Closed)
    NII:        410000  Shares,  46.85T
    RII:        410000  Shares,  59.84T
    Total:    820000  Shares   53.42T

    Labelkraft Technologies IPO Particulars & Guidance: about the business

    The company has been incorporated during the year 2022. Prior to the incorporation of the company, its promoter Ranjeet Solanki was carrying on the business as a proprietorship concern under the name of “Solanki Enterprises” since the year 1997.
    Later, the promoter with the mission to offer reasonably priced barcode labels, printing and solutions assuring customer satisfaction, started the business of barcode label in the year 2009. Later, on November 11, 2022, the running business of the above proprietorship concern was taken over by the company, along with the assets and liabilities of the proprietorship concern.

    The company is engaged in the business of providing barcode code solutions, catering to many different segments of industries including FMCG, logistics service providers, chemicals, garments etc. It supplies barcode printers, software, scanners, mobile computers etc. and is also engaged in the business of manufacturing the regular consumables required for the barcode printers namely the barcode ribbons, self-adhesive barcode and product labels in roll and sheet forms with help of its machines.

    Apart from the above, it has also installed a self-adhesive tape slicing machine to slit mirror mounting tapes, tissue tapes, masking tapes etc. which are supplied to various industries across the country for their packaging needs. It is also engaged in supply of ID card printers, consumables, patient identification wrist bands, automatic label applicator machines, satin, taffeta rolls for garment companies and self-adhesive tape products. We offer quality products and services at cost effective prices.
    With its attitude towards quality and service to the customers, it has a long list of reputed clienteles including companies like Wipro GE Healthcare Private Limited, Titan Company Limited, ITC Ltd and Indian Oil Corporation.
    Further, in order to reduce the cost and capitalize on the future demand, it has purchased a piece of land for setting up its manufacturing facility at No. 14/11, Sudhama Nagar, Jayachamarajendra road cross,
    Bengaluru – 560 002, Karnataka. The land purchase and construction activities will be undertaken through bank financial facilities and internal accruals of the company.

    For more information about the company, Click

    Labelkraft Technologies IPO Details
    IPO opens on Tentative  13 March 2023
    IPO closes on   15 March 2023
    Issue Type Book Built Issue IPO
    Issue Size 864000 Sh /Rs 4.75 Cr
    * Fresh Issue 864000 Sh /Rs 4.75 Cr
    * Offer for Sale  – Sh /Rs – Cr
    Face Value per share: Rs. 10
    Price Band Rs.55
    Employee discount  Rs. 0 per share
    Retail Lot Size  2000 Shares
    Listing will at  BSE Sme
    Shares offered to
      Shares Rs. (Cr)
    QIB (0 %) 
    NII (50 %)  410000 2.26
    RII (50 %) 410000 2.25
    Total Shares  820000 4.51
    Retail portion will be oversubscribed by  205
    How much Shares to Apply?
    Min Retail Application 2000 Sh Rs. 110000
    Max Retail Application  4000 Sh Rs. 220000

    Promoters of the IPO
    labelkraft IPO promoterMr. Ranjeet Kumar Solanki

    Objects of the IPO:
    The Company proposes to utilize the Net Proceeds from the Issue towards
    1. Funding Capital Expenditure towards installation of additional plant and machinery.
    2. Funding of Working capital requirements

    IPO Tentative timetable
    IPO opens on 13   March 2023
    IPO Closes on 15   March 2023
    IPO Allotment on  20  March 2023
    Unblocking of ASBA  21  March 2023
    Credit of Shares 22  March 2023
    Listing on 23  March 2023
    Registered Office of the Company
    14/12, Jayachamarajendra Road, Bengaluru Karnataka 560002 India.
    IPO Lead Managers 
    Hem Securities Limited
    Registrar to the IPO
    IPO Financial & Analytical Ratios
    Year Total Income Net Profit EPS RoNW Cr Cr Rs. %
    2021-22  (2M) 0.69 0.04 0.24 45
    Book Value of the Share on 30.11.2022 Rs 18.18    
    Book Value of the Share after the IPO Rs.-    
    Offer Price   Rs. 55    
    Ratio Analysis
    Upper Price/last EPS
    Upper price/BV Ratio 3.02
    Upper price/BV after IPO 

    Labelkraft Technologies IPO Particulars & Guidance:
    Peer Comparison:
    There are no listed companies in India that are engaged in a business similar to that of this company accordingly it is not possible to provide an industry comparison in relation to the company.


    # This is only coverage of News related to Grey Market. We do not deal in grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.

    Go to Mainboard IPOs Section: Click

    4 Comments on “Labelkraft IPO listed at Rs. 56

    1. Meena Mehta

      This IPO shows business track record of just 2 months. however I will apply because of Hem Securities. They will not betray the investors.

    2. Jwalant Desai

      Good work by Chanakya. Details coverage and that too Always FIRST. Since few months, I have observed that you are first in reporting new IPOs and also grey market updates.
      Your Breaking News section is very interesting and I am sure, it will be highly popular across the country.

    3. Loken Singh,Delhi

      IPO size is very small, so huge oversubscription is natural. Moreover this is managed by Hem Securities, so bumper subscription and grey market trend expected. I suggest fellow bloggers to accumulate the shares when the GMP starts today.

    4. Surabhi Mehta , Ahmedabad

      Excellent coverage with lightening speed.

      I have been studying your Chanakya website since last 5years and it has improved a lot. A day goes and I find some strong improvedment. congratulations and I sugget you provide Grey market news across the cities.How the investors feel about various IPOs.


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