Kalahridhaan Trendz IPO

Kalahridhaan Trendz IPO

Closed RHP

Listing Details

  • Listing Exchange NSE SME
  • Listing Date 23-Feb-24
  • IPO Price Range ₹ 45
  • Listing Price ₹ 47.15
  • Listing Change 4.8%
  • Last Traded Price ₹ 52.5
  • Current Change 16.7%

Kalahridhaan Trendz IPO Details

  • Open Date 15-Feb-24
  • Close Date 20-Feb-24
  • Lot Size 3000
  • IPO Size ₹ 22.49 Cr
  • IPO Price Range ₹ 45
  • Min Investment ₹ 135000
  • Listing Exchange NSE SME
  • Basis of Allotment 21-Feb-24
  • Refunds 22-Feb-24
  • Credit to Demat Account 22-Feb-24
  • Listing Date 23-Feb-24

Kalahridhaan Trendz IPO Subscription Status

Date QIB NII Retail TOTAL
15-Feb-24 - 0.78 1.46 0.00
16-Feb-24 - 1.00 2.50 1.75
19-Feb-24 - 1.82 4.43 3.13
20-Feb-24 - 6.66 9.63 8.15

Kalahridhaan Trendz IPO Synopsis

Kalahridhaan Trendz IPO is all set to open from 15th February to 20th February 2024. The company is engaged in the textile business. The IPO includes a fresh issue of 4,998,000 shares worth ₹22.49 cr. The share allotment date is 21st February 2024, and the IPO will be listed on 23rd February 2024 on the stock exchanges. The price is ₹45 and the lot size is 3000 shares.        

Interactive Financial Services Limited is the book-running lead manager for this IPO, while  Bigshare Services Private Limited is the registrar. 

Objectives of Kalahridhaan Trendz IPO:

Kalahridhaan Trendz plans to utilize the raised capital from the IPO to:
    • To meet working capital requirements. 
    • General corporate purposes.
    • To meet the issue expenses. 

About Kalahridhaan Trendz

Established in 2012, Kalahridhaan Trendz manufactures and trades Fabric with embroidery works, Trading grey cloths, purchase of grey cloth and printing and dyeing for preparing suiting, shirting and dress materials for sale in the B2B market. 

Kalahridhaan Trendz has two business verticals: i) Embroidery Knitting activities ii) Clothes dyeing and Printing activities. Its manufacturing unit is based at the outskirts of the Ahmedabad City on Narol Circle.

The company makes suiting, shirting & dress material products for the wholesale market. It owns two embroidery knitting machines with a daily capacity of 15000 meters. 

Peer Comparison

    • Spl Industries Limited
    • Kitex Garments Limited
    • Monte Carlo Fashions Limited

For More Information:
Webstory on Kalahridhaan Trendz  

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY23 FY22 FY21
Revenue from operations 184.16 183.90 132.35
EBITDA 13.76 6.62 4.11
PAT 6.66 2.46 1.11
Particulars (in Rs. Crores) FY23 FY22 FY21
Total Assets 109.62 102.97 59.79
Share Capital 6.09 6.09 6.09
Total Borrowings 91.50 91.51 50.79
Particulars (in Rs. Crores) FY23 FY22 FY21
Net cash generated from / (used in) operating activities -0.68 0.12 -5.39
Net cash from / (used in) investing activities -2.46 -0.77 -0.0057
Net cash flow from / (used in) financing activities 3.12 0.62 5.30
Net increase (decrease) in cash and cash equivalents 1.98 -0.030 -0.099


Kalahridhaan Trendz IPO Key Points

  • Strengths

    1. The company’s manufacturing unit is strategically located near Ahmedabad, Gujarat. 
    2. The company gives utmost priority to quality.
    3. It has a unique kind of product manufacturing which has a huge market opportunity.
    4. Experience promoters and management team.

  • Risks

    1. The company’s product demand may change based on end consumers' preferences. 
    2. The Group Companies have incurred losses in the past. 
    3. It has high working capital requirements. 
    4. The business is manpower intensive.
    5. It has reported negative cash flows in the past.
    6. Operates in a highly competitive industry. 
     

How to apply for 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

Kalahridhaan Trendz IPO FAQs

When does the Kalahridhaan Trendz IPO open and close?

Kalahridhaan Trendz IPO opens from 15th February to 20th February 2024.

What is the size of the Kalahridhaan Trendz IPO?

The Kalahridhaan Trendz IPO size is ₹22.49 cr. 

How to apply for the Kalahridhaan Trendz IPO?

To apply for Kalahridhaan Trendz IPO, follow the steps given below
    • Login to your 5paisa account and select the issue in the current IPO section    
    • Enter the number of lots and the price at which you wish to apply for the  Kalahridhaan Trendz Limited IPO.    
    • 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.

What is the price band of Kalahridhaan Trendz IPO?

The price band of Kalahridhaan Trendz IPO is fixed at ₹45 per share 

What is the minimum lot size and investment required for the Kalahridhaan Trendz IPO?

The minimum lot size for Kalahridhaan Trendz IPO is 3000 shares and the investment required is ₹1,35,000.

What is the allotment date of the Kalahridhaan Trendz IPO?

Kalahridhaan Trendz IPO allotment date  is 21st February 2024.

What is the Kalahridhaan Trendz IPO listing date?

Kalahridhaan Trendz IPO will be listed on 23rd February 2024.

Who are the book runners for the Kalahridhaan Trendz IPO?

Interactive Financial Services Limited is the book-running lead manager for this IPO.

What is the objective of Kalahridhaan Trendz IPO?

Kalahridhaan Trendz plans to utilize the raised capital from the IPO to:

1. To meet working capital requirements. 
2. General corporate purposes.
3. To meet the issue expenses.

Contact Details of Kalahridhaan Trendz IPO

Contact Information

Kalahridhaan Trendz Limited

57 Ashra Industrial Estate,
B/H Mahalaxmi Fabrics,
Nr. Narol Cross Road, Ahmedabad - 382405
Phone: +91 6353302166
Email: cs@kalahridhaan.com
Website: http://www.kalahridhaan.com/

Kalahridhaan Trendz IPO Register

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html

Kalahridhaan Trendz IPO Lead Manager

Interactive Financial Services Ltd 

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