Krishca Strapping Solutions IPO Particulars & Guidance at Chanakyanipothi.com,
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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 @ www.krishcastrapping.com
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 | |
Forms | ||
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?
MR. LENIN KRISHNAMOORTHY BALAMANIKANDAN
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? |
SHARE INDIA CAPITAL SERVICES PVT. LTD. |
Who is the Registrar to IPO? |
PURVA SHAREGISTRY India Pvt Ltd |
IPO Financial & Analytical Ratios | ||||
Year | Total Income | Net Profit | EPS | RoNW |
Rs.in Cr | Rs.in 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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