Krishca Strapping Solutions IPO GMP, Price, Dates & Allotment Details 2023
Introduction
The Krishca Strapping Solutions IPO will open on May 16 and close on May 19, 2023. As per the DRHP filed with SEBI, the company intends to raise approximately ₹ 17.93 crores through this public offering, consisting of 33.20 lakhs shares with a face value of ₹ 10 each, which will be issued at a price of ₹ 51 to ₹ 54 per share.
About Krishca Strapping Solutions Limited (“the Company”)
Established in the year 2017 in Tamil Nadu. “Krishca Strapping Solutions Private Limited” is a private limited company engaged as the manufacturer and wholesaler of strapping tools, strapping seals, etc.
Noteworthy Highlight
Company steel strap quality parameters are in line with American, European, and Indian standards.
- IS 5872:1990 – Cold rolled steel straps (box strappings) specification
- ASTM D-3953 – Standard Specification for Strapping, Flat Steel and Seals
- BS EN 13246:2001 – Packaging. Specification for tensional steel strapping
Objects of the Issue,
The company proposes utilising the Fresh Issue’s net proceeds towards funding the following objects:
- Capital Expenditure for setting up of New Strapping Line
- Repayment of certain secured borrowings in full
- General corporate expenses and issue expenses
Financial Highlights (Restated Consolidated)
| Particulars | The period ended on 15th Feb. 2023 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Net Worth | 945 | 160 | (120) | 64 |
| Total Assets | 2,697 | 1,544 | 1,292 | 916 |
| Total Borrowings | 1,193 | 939 | 1,337 | 827 |
| Total Revenue | 6,351 | 1,872 | 971 | 98 |
| Profit After Tax | 786 | 151 | (67) | (224) |
IPO details
| Issue Type | Book built issue IPO |
| IPO Price | ₹ 51 to ₹ 54 per share |
| Face Value | ₹ 10 per share |
| Issue Size | 3,320,000 shares (aggregating up to ₹ 17.93 crores) |
| Fresh Issue | 3,320,000 shares (aggregating up to ₹ [.] crores) |
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| Market Maker | Share India Securities Ltd. |
| Market Maker portion | 300,000 shares |
| Listing At | NSE SME |
| Company Promoters | Mr. Lenin Krishnamoorthy Balamanikandan |
GMP: Krishca Strapping Solutions IPO
GMP, or grey market premium, is available on this page. The IPO GMP is updated on a day-to-day basis during the running period of the IPO, due to which the GMP rates fluctuate and stabilise after some time. GMP rates are not 100% guaranteed. Please click here for GMP details.
Tentative Dates: Tata Technologies IPO
The issue opens for subscription on May 16, 2023, and closes for subscription on May 19, 2023 (both days inclusive). The basis of allotment will be finalised on May 24th, 2023, and the refunds will be initiated on May 25, 2023. In addition, the demat credits are expected to happen on May 26th, 2023, and the stock will list on May 29, 2023, on the NSE SME. The UPI mandate confirmation cut-off time is 5:00 PM on the issue closing day.
| Opening Date | May 16, 2023 |
| Closing Date | May 19, 2023 |
| Basis of Allotment | May 24, 2023 |
| Initiation of Refunds | May 25, 2023 |
| A credit of shares to Demat A/c | May 26, 2023 |
| Listing Date | May 29, 2023 |
Lot Size
The lot size of the Tata Technologies IPO is 2,000 shares. A retail-individual investor can apply for up to 1 lot, i.e. 2,000 shares of ₹ 108,000.
| Applications | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 1 | 2,000 | ₹ 108,000 |
| Retail (Maximum) | 1 | 2,000 | ₹ 108,000 |
| HNI (Minimum) | 2 | 4,000 | ₹ 216,000 |
Miscellaneous Information
| Download Prospectus (PDF) | IPO DRHP |
| Company Contact Information | Krishca Strapping Solutions Limited Building 01B, LOGOS Mappedu Logistics Park Sathara, Thiruvallur Taluk Thiruvallur District – 631203 Phone: +91-9884111098 Email: [email protected] Website: http://www.krishcastrapping.com/ |
| IPO Registrar | Purva Sharegistry India Pvt Ltd Phone: +91-022-23018261/ 23016761 Email: [email protected] Website: http://www.purvashare.com |
| IPO Lead Manager(s) | Share India Capital Services Private Limited |
FAQ’s
What is Krishca Strapping Solutions’ IPO price?
The Krishca Strapping Solutions IPO price is ₹ 51 to ₹ 54 per share.
What minimum lot size can retail investors subscribe to?
The minimum investment size is one lot for retail investors. One lot of the Krishca Strapping Solutions IPO contains 2,000 shares of ₹ 108,000.
When will Krishca Strapping Solutions IPO allotment be available?
The finalisation of the basis of allotment for the Krishca Strapping Solutions IPO will be done on May 24, 2023, and the allotted shares will be credited to your demat account by May 26, 2023. Check the Krishca Strapping Solutions IPO allotment status.
When will Krishca Strapping Solutions IPO list on exchanges?
The Krishca Strapping Solutions IPO shares listing date is May 29, 2023.
How many Krishca Strapping Solutions IPO Offer shares are reserved for HNIs and retail investors?
The investors’ portion for QIB is 50% of the Net offers, NII (HNI) is 15%, and retail is 35% of the offer.
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