Kranti Industries Ltd IPO

Closed

Subscription Details

  • Open Date 14 Feb
  • Close Date 20 Feb
  • Lot Size 3000
  • IPO Size ₹ 8.58 Cr
  • IPO Price Range ₹ 37
  • Min Investment ₹ 111000

Kranti Industries Ltd IPO Timeline

Open Date
14 Feb
Close Date
20 Feb
Basis of Allotment
-
Refunds
-
Credit to Demat Account
-
Listing Date
-

IPO Synopsis

Initial public offering of 23,19,000 equity shares of face value of Rs. 10 each, at an offer price of Rs.37 per equity share for cash, aggregating Rs.8.58 Crores (public offer) comprising of a fresh issue of up to 17,52,000 equity shares aggregating up to Rs. 6.48 Crores (fresh issue) and an offer for sale of up to 5,67,000 equity shares by Mrs. Basanti Vora (the promoter group selling shareholder) aggregating up to Rs. 2.10 Crores (offer for sale) out of which up to 1,17,000 equity shares of face value of Rs. 10 each, at an offer price of Rs. 37 per equity share for cash, aggregating up to Rs. 0.43 Crores will be reserved for subscription by the market maker to the offer (the marke Maker reservation portion). The offer less market maker reservation portion i.e. Offer of upto 22,02,000 equity shares of face value of Rs. 10 each, at an offer price of Rs. 37 per equity share for cash, aggregating up to Rs. 8.15 Crores is hereinafter referred to as the net offer. The public offer and net offer will constitute 26.35 % and 25.02 % respectively of the post- offer paid-up equity share capital of the company. The face value of the equity shares is Rs. 10 each and the offer price 37 is 3.7 times the face value of the equity shares.

How to apply for an IPO?

  • Login to your 5paisa account and select the issue in the current IPO section

  • Enter the number of lots and price at which you wish to apply for

  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange

  • You will receive a mandate notification to block funds in your UPI app

  • Approve the mandate request on your UPI and funds will be blocked

Contact Details of Kranti Industries Ltd IPO

Contact Information

Address

Gat No. 267/B/1 Post Pirangut,
Taluk Mulshi,
Pune, Maharashtra 412115

Kranti Industries Ltd IPO Lead Manager

Fast Track Finsec Pvt LtdHem Securities Ltd
Open Demat Account