Krishca Strapping Solutions IPO
Krishca Strapping Subscription Details
- Open Date 16 May
- Close Date 19 May
- 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
- Refunds 25 May
- Credit to Demat Account 26 May
- Listing Date 29 May
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
Krishca Strapping Solutions Financial Status
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
Open account in 5 minutes
Be a part of the 5paisa community now with 10 million mobile app users
Please keep below documents handy:
- PAN Card
- Aadhar Card
- Bank Account Number
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
s.webp)
.webp)
a.webp)