Krishca Strapping Solutions Limited, established in 2017, is a leading manufacturer and wholesaler specializing in Strapping Tools and Strapping Seals. With a state-of-the-art manufacturing facility in Chennai, the company boasts a remarkable capacity of producing 18,000 MT of steel straps and 80 million seals annually.
Dedicated to excellence, Krishca Strapping Solutions offers an impressive product range that includes a cutting-edge PLC Controlled automatic production line, ensuring precision and efficiency. The automated heat treatment process guarantees a uniform grain structure, while the entire production process remains eco-friendly and lead-free, aligning with the company’s commitment to pollution-free operations.
Krishca Strapping Solutions takes pride in delivering top-notch steel straps that meet the stringent quality requirements of American, European, and Indian standards. Their compliance with esteemed standards such as IS 5872:1990, ASTM D-3953, and BS EN 13246:2001 assures customers of the products’ reliability and durability.
With a team of 50 highly skilled and dedicated employees, Krishca Strapping Solutions continues to revolutionize the strapping industry, providing innovative solutions and exceptional customer service. Their specialization in Super Jumbo coils, capable of holding up to 500 Kg, further sets them apart in the market.
Krishca Strapping Solutions Limited Stock Quote #
- Open: ₹160.00
- High – Low: ₹169.90 – ₹159.00
- Previous Close: ₹159.75
- Total Traded Value: 1,08,000
- Updated On: Jul 21, 2023 4:00 PM
Krishca Strapping Solutions IPO Details #
| IPO Date | May 16, 2023 to May 19, 2023 |
| Listing Date | May 26, 2023 |
| Face Value | ₹10 per share |
| Price | ₹51 to ₹54 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 3,320,000 shares (aggregating up to ₹17.93 Cr) |
| Fresh Issue | 3,320,000 shares (aggregating up to ₹17.93 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 8,750,000 |
| Share holding post issue | 12,070,000 |
| Market Maker portion | 300,000 shares Share India Securities |
Krishca Strapping Solutions IPO Reservation #
| Anchor Investor Shares Offered | 904,000 (24.97%) |
| Market Maker Shares Offered | 300,000 (8.29%) |
| QIB Shares Offered | 1,208,000 (33.37%) |
| NII (HNI) Shares Offered | 362,400 (10.01%) |
| Retail Shares Offered | 845,600 (23.36%) |
| Total Shares Offered | 3,620,000 (100%) |
Krishca Strapping Solutions IPO Timetable (Tentative) #
Krishca Strapping Solutions IPO opens on May 16, 2023, and closes on May 19, 2023.
| Event | Tentative Date |
|---|---|
| Opening Date | Tuesday, 16 May 2023 |
| Closing Date | Friday, 19 May 2023 |
| Basis of Allotment | Wednesday, 24 May 2023 |
| Initiation of Refunds | Thursday, 25 May 2023 |
| Credit of Shares to Demat | Friday, 26 May 2023 |
| Listing Date | Friday, 26 May 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 19, 2023 |
Krishca Strapping Solutions IPO Lot Size #
The Krishca Strapping Solutions IPO lot size is 2000 shares.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹108,000 |
| Retail (Max) | 1 | 2000 | ₹108,000 |
| HNI (Min) | 2 | 4,000 | ₹216,000 |
| Lot Size Calculator | |||
Krishca Strapping Solutions IPO Promoter Holding #
Mr. Lenin Krishnamoorthy Balamanikandan is the company promoter.
| Pre Issue Share Holding | 86.34% |
| Post Issue Share Holding | 62.6% |
Company Financials #
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 915.75 | 98.15 | -223.92 | 64.34 | -237.02 | 827.36 |
| 31-Mar-21 | 1,292.02 | 971.05 | -67.25 | -120.28 | -421.64 | 1,337.48 |
| 31-Mar-22 | 1,544.00 | 1,871.71 | 150.54 | 159.51 | -340.49 | 939.28 |
| 15-Feb-23 | 2,696.96 | 6,351.23 | 785.75 | 945.26 | 445.26 | 1,193.01 |
| Amount in ₹ Lakhs | ||||||
Key Performance Indicator #
| KPI | Values |
|---|---|
| P/E (x) | 7.26 |
| Market Cap (₹ Cr.) | 65.18 |
| EPS (Rs) | 13.49 |
| RoNW | 0.81% |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- Capital Expenditure for setting up of New Strapping Line
- Repayment of certain secured borrowings in full
- General corporate expenses and issue expenses
Krishca Strapping Solutions IPO Subscription Status (Bidding Detail) #
The Krishca Strapping Solutions IPO is subscribed 336.57 times on May 19, 2023 7:29:00 PM. The public issue subscribed 572.83 times in the retail category, 36.10 times in the QIB category, and 786.89 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 36.10 |
| NII | 786.89 |
| Retail | 572.83 |
| Total | 336.57 |
Total Application : 242,194 (572.56 times)
Krishca Strapping Solutions IPO Prospectus #
- Krishca Strapping Solutions IPO DRHP
- Krishca Strapping Solutions IPO RHP
- Anchor Investors in Krishca Strapping Solutions IPO
Krishca Strapping Solutions IPO Listing Details #
| Listing Date | May 26, 2023 |
| BSE Script Code | |
| NSE Symbol | KRISHCA |
| ISIN | INE0NR701018 |
| Final Issue Price | ₹54 per share |
Listing Day Trading Information #
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹54.00 |
| ₹118.80 |
| ₹112.90 |
| ₹118.80 |
| ₹112.90 |
Company Contact Information #
Building 01B,
LOGOS Mappedu Logistics Park Sathara,
Thiruvallur Taluk Thiruvallur District – 631203
Phone: +91-9884111098
Email: cs@krishcastrapping.com
Website: http://www.krishcastrapping.com/
Krishca Strapping Solutions IPO Registrar #
Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com
Website: https://www.purvashare.com/queries/
Krishca Strapping Solutions IPO Lead Manager(s) #
Frequently Asked Questions #
What is the business of Krishca Strapping Solutions Limited? #
Krishca Strapping Solutions Limited is a manufacturer and wholesaler of Strapping Tools and Strapping Seals. The company’s product range includes PLC-controlled automatic production lines, automated heat treatment processes, pollution-free production processes, and super jumbo coils.
What is the IPO date and price of Krishca Strapping Solutions IPO? #
The Krishca Strapping Solutions IPO was open for subscription from May 16, 2023, to May 19, 2023. The IPO price was set in the price band of ₹51 to ₹54 per equity share.
What is the total issue size and listing date of Krishca Strapping Solutions IPO? #
The total issue size of Krishca Strapping Solutions IPO is 3,320,000 shares, aggregating up to ₹17.93 crores. The listing date for Krishca Strapping Solutions IPO is May 26, 2023.
What is the IPO subscription status of Krishca Strapping Solutions IPO? #
The Krishca Strapping Solutions IPO received strong subscription, with qualified institutional buyers (QIBs) subscribing 36.10 times, non-institutional investors (NIIs) subscribing 786.89 times, and retail individual investors (RIIs) subscribing 572.83 times.
What is the lot size and application amount for Krishca Strapping Solutions IPO? #
The Krishca Strapping Solutions IPO lot size is 2000 shares, and the application amount for the minimum lot is ₹108,000.
Who is the promoter of Krishca Strapping Solutions Limited? #
Mr. Lenin Krishnamoorthy Balamanikandan is the promoter of Krishca Strapping Solutions Limited.
What is the financial performance of Krishca Strapping Solutions Limited? #
As of the latest available data, for the financial year ended March 2022, Krishca Strapping Solutions Limited had a total revenue of ₹1871.71 lakhs and a net profit of ₹150.54 lakhs.
What are the objects of the Krishca Strapping Solutions IPO? #
The company intends to utilize the net proceeds from the IPO towards funding the expansion of the production capacity by setting up a new strapping line and for general corporate purposes.
What is the Krishca Strapping Solutions IPO review? #
According to the review, Krishca Strapping Solutions is engaged in a niche segment and has shown promising financial performance. Based on its FY23 earnings, the IPO is lucratively priced, and investors may consider parking funds for medium to long-term rewards. However, investors should conduct their own analysis and due diligence before making investment decisions.
Please note that the information provided in the FAQs is based on the data available as of May 19, 2023. For the latest updates and detailed information, please refer to the official sources and the prospectus of Krishca Strapping Solutions IPO.
