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Krishca Strapping Solutions IPO

Closed RHP

Krishca Strapping IPO Details

  • Open Date 16-May-23
  • Close Date 19-May-23
  • Lot Size 2000
  • IPO Size ₹ 17.93 Cr
  • IPO Price Range ₹ 51 to ₹54 per share
  • Min Investment ₹ 102,000
  • Listing Exchange NSE SME
  • Basis of Allotment 24-May-23
  • Refunds 25-May-23
  • Credit to Demat Account 26-May-23
  • Listing Date 29-May-23

Krishca Strapping Solutions IPO Subscription Status

Date QIB NII Retail TOTAL
16 May'23 1.75x 25.83x 44.27x 20.25x
17 May'23 1.89x 63.91x 136.22x 58.21x
18 May'23 4.82x 150.47x 291.94x 127.16x
19 May'23 36.10x 786.89x 572.83x 336.57x

Krishca Strapping IPO Synopsis

Krishca Strapping Solutions Ltd, is manufacturer and wholesaler of Strapping Tools and Strapping Seal. IPO worth ₹17.93 Crores opens on 16th May and closes on 19th May.

The price band for the issue is fixed at Rs.51 to Rs.54 per share.  The lot size is set for 2000 shares per lot. The shares will be allotted on the 16th of May and the issue will be listed on the 19th of May on the stock exchanges.

The book running lead managers to the offer is Share India Capital Services Private Limited.

Objective of the Krishca Strapping Solutions IPO

The net proceeds from the issue will be utilised for:
1.    Capital Expenditure for setting up of New Strapping Line
2.    Repayment of certain secured borrowings in full
3.    General corporate expenses and issue expenses
 

About Krishca Strapping Solutions

Krishca Strapping Solutions Private Limited is a startup in the business of manufacturing Steel Straps, Seals, and providing other allied packaging solutions. The manufacturing facility specialises in e production of high tensile steel straps with an annual capacity of: ¬ Steel Strapping - 18,000 MT ¬ Steel Seals - 65 millions. 
Apart from providing high quality strapping solutions at competitive prices, it also providing unique and customized color printing on the steel seals to facilitate customer’s branding.

The testing laboratories are equipped with the latest and most advanced equipment including a Digital Universal Testing Machine, Digital paint micro thickness meter, Hardness tester, Bend & curl tester and salt spray tester. These are manned by an experienced team of qualified professionals to ensure that quality control processes are standardised across shifts.

The company has its manufacturing unit located in Mappedu, Chennai which gives it multiple advantages such as easy connectivity to four neighbouring states Kerala, Karnataka, Telangana and Andhra, Chennai is one of the biggest automotive hubs, : Chennai is the closest major port.

For More Information:

Krishca Strapping IPO GMP
Webstory on Krishca Strapping IPO GMP
Webstory on Krishca Strapping IPO
 

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY22 FY21 FY20
Revenue 18.6 9.4 1.0
EBITDA 1.7 -0.7 -2.2
PAT 1.5 -0.7 -2.2
Particulars (in Rs. Crores) FY22 FY21 FY20
Total Assets 15.4 12.9 9.2
Share Capital 5.0 3.0 3.0
Total Borrowings 9.4 13.4 8.3
Particulars (in Rs. Crores) FY22 FY21 FY20
Net cash generated from / (used in) operating activities 0.0 -1.5 -0.6
Net cash from / (used in) investing activities -1.4 -2.6 -2.7
Net cash flow from / (used in) financing activities 1.5 4.2 3.1
Net increase (decrease) in cash and cash equivalents 0.1 0.2 -0.1

Peer Comparison

Name of the company Total Revenue (in Rs. crores) Basic EPS NAV Rs. per share PE RoNW %
Krishca Strapping Solutions Limited 52.35 13.49 16.69 NA 0.81%
Usha Martin Ltd. 1810.05 6.94 30.44 26.85 22.78%
Metal Coatings India Ltd. 142.26 4.5 46.36 22.06 8.31%


Krishca Strapping IPO Key Points

  • Strengths

    1.    State of the art production line: It owns the India’s most advanced first Integrated, fully automated production line.
    2.    Extraordinary Consistency Exceptional steel: It performs a PLC controlled superior Heat treatment process which ensures exceptional consistency throughout the process.
    3.    It uses special grade water base paints and custom designed modern oven that dries the paint inside which results in a blister free, uniform paint finish across the entire length of the straps
     

  • Risks 


    1.  Company/Associate Company has not complied with certain statutory provisions under various laws which may attract penalties
    2.  It does business with customers on purchase order basis and does not enter into long term contracts with most of them
    3.  Inability or failure to protect the trademark, since the company does not have it registered
    Cyclical nature of the steel industry and its prices may affect the profitability
     

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

Krishca Strapping IPO FAQs

What is the lot size and investment required for the Krishca Strapping Solutions IPO?

The Krishca Strapping Solutions IPO lot size is 2000 shares. A retail-individual investor can apply for up to 1 lot (2000 shares or ₹10,8000)

What is the price band of the Krishca Strapping IPO?

The price for the Krishca Strapping IPO is set at Rs.51 to Rs.54 per share

When does the Krishca Strapping Solutions IPO issue open and close?

The Krishca Strapping Solutions IPO opens on 16th May.

What is the size of Krishca Strapping Solutions IPO issue?

The Krishca Strapping IPO entails of 3,320,000 shares.

Who are the promoters/key personnels of Krishca Strapping Solutions IPO?

Krishca Strapping Solutions IPO is promoted by Mr. Lenin Krishnamoorthy Balamanikandan

What is the allotment date of Krishca Strapping Solutions IPO?

The allotment date of Krishca Strapping IPO is set for 24th May, 2023

What is the Krishca Strapping Solutions IPO’s listing date?

The Krishca Strapping IPO will be listed on 29th May, 2023

Who are the book runners for Krishca Strapping Solutions IPO?

Share India Capital Services Private Limited is the lead manager to the issue.

What is the objective of the Krishca Strapping IPO?

The net proceeds from the Krishca Strapping IPO will be used for: 

1. Capital Expenditure for setting up of New Strapping Line
2. Repayment of certain secured borrowings in full
3. General corporate expenses and issue expenses

How to apply for the Krishca Strapping Solutions IPO?

To apply for the Krishca Strapping 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 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

Contact Details of Krishca Strapping Solutions IPO

Contact Information

Krishca Strapping Solutions Limited

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 Register

Purva Sharegistry India Pvt Ltd

Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com
Website: http://www.purvashare.com

Krishca Strapping Solutions IPO Lead Manager

Share India Capital Services Private Limited