Krishca Strapping Solutions Limited
NSE SME₹108,000 / 2000 Shares
IPO Details
Krishca Strapping Solutions Limited IPO is priced between ₹51-54 per equity share, with a face value of ₹10 per share. The company's equity shares will be listed on the NSE SME, and Purva Sharegistry India Pvt Ltd is managing the issue as the registrar.
The IPO bidding period opened on 16 May, 2023, and closed on 19 May, 2023. The allotment results will be announced on 23 May, 2023, with a tentative listing date set for 25 May, 2023.
The total issue comprises Fresh Issue : 3,320,000 shares, amounting to ₹17.93 Cr.
Krishca Strapping Solutions Limited IPO Highlights
| IPO Date | Listing Date | Face Value | Price Band | Lot Size | Fresh Issue | Offer for Sale | Listing At |
|---|---|---|---|---|---|---|---|
| May 16, 2023 - May 19, 2023 | 25 May, 2023 | ₹10 Per Equity Share | ₹51-54 per equity share | - | Shares | - | NSE SME |
Krishca Strapping Solutions Limited IPO Timeline
Issue Price
₹51-54 per equity shareFace Value
₹10 Per Equity ShareListing at Group
NSE SMERegistrar
Purva Sharegistry India Pvt LtdMarket Lot
2000 Shares (₹108,000/-)Lead Manager
Share India Capital Services Private LimitedIssue Size
Fresh Issue : 3,320,000 shares(aggregating up to ₹17.93 Cr)Retail Portion
N/ASubscription
336.57 timesKrishca Strapping Solutions Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 15 Feb 23 | 2696.96 | 6351.23 | 785.75 | - | - | - |
| 31 Mar 22 | 1544.00 | 1871.71 | 150.54 | - | - | - |
| 31 Mar 21 | 1292.02 | 971.05 | -67.25 | - | - | - |
| 31 Mar 20 | 915.75 | 98.15 | -223.92 | - | - | - |
All values are in ₹ Lakh
About Company
Krishca Strapping Solutions Limited is a manufacturer and wholesaler of Strapping Tools and Strapping Seal.
The company has a manufacturing facility in Chennai with a capacity of 18,000 MT of steel straps and 80 million Seals per annum.The steel strap quality requirements of the company are in compliance with American, European, and Indian standards. That is IS 5872:1990 - Cold rolled steel straps (box strappings) specification; ASTM D-3953 - Standard Specification for Strapping, Flat Steel and Seals; and BS EN 13246:2001 - Packaging.
Krishca Strapping Solutions has a team of 50 employees working for them.
Krishca Strapping Solutions Limited IPO Subscription Details
| As on | QIB/NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 347,040 / 1,179,242 | 1,944,118 | 3,470,400 |
| Day 1 - 16-05-23 06:00 PM | 1.75 / 25.86 x | 44.63 x | 20.38 x |
| Day 2 - 17-05-23 06:00 PM | 1.89 / 63.91 x | 136.22 x | 58.21 x |
| Day 3 - 18-05-23 06:00 PM | 4.82 / 150.29 x | 288.64 x | 125.98 x |
| Day 4 - 19-05-23 06:00 PM | 36.10 / 786.89 x | 572.83 x | 336.57 x |
Krishca Strapping Solutions Limited IPO - Issue Objectives
- Capital Expenditure for setting up of New Strapping Line
- Repayment of certain secured borrowings in full
- General corporate expenses and issue expenses