March 23, 2023
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Labelkraft Technologies IPO Particulars & Guidance at Chanakyanipothi.com,
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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 www.labelkraft.com
| 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 | |
| Forms | ||
| How much Shares to Apply? | ||
| Min Retail Application | 2000 Sh | Rs. 110000 |
| Max Retail Application | 4000 Sh | Rs. 220000 |
Promoters of the IPO
Mr. 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 |
| BIGSHARE SERVICES Pvt Ltd. |
| IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in Cr | Rs. | % | |
| 2019-20 | – | – | – | – |
| 2020-21 | – | – | – | – |
| 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.
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This IPO shows business track record of just 2 months. however I will apply because of Hem Securities. They will not betray the investors.
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.
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.
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.