Labelkraft Technologies IPO GMP, Price, Dates & Allotment Details 2023
The Labelkraft Technologies IPO will open on March 13 and close on March 15, 2023. As per the DRHP filed with SEBI, the company intends to raise approximately ₹ 4.75 crore through this public offering, consisting of 864,000 shares of face value of ₹ 10 each. Which will be issued at a price of ₹ 55 per share.
Prior to its incorporation, company promoter Ranjeet Solanki had been operating the business as a sole proprietorship under the name “Solanki Enterprises” since 1997. The company’s business is to offer barcode code solutions to a variety of industries, including FMCG, logistics service providers, chemicals, apparel, and others. They provide mobile computers, software, scanners, and barcode printers and are also engaged in the business of manufacturing the regular consumables required for the barcode printers, namely the barcode ribbons, self-adhesive barcodes, and product labels in roll and sheet forms with the help of their own machines.
Apart from above, the company is also engaged in the supply of ID card printers, consumables, patient identification wristbands, automatic label applicator machines, satin and taffeta rolls for garment companies, and self-adhesive tape products.
In addition to the aforementioned, this corporation has expertise in the trade of duty credit scrips, which importers must use to pay customs duty. According to the Indian government’s foreign trade policy, these scripts are transferable. They are purchased from exporters of a range of goods and offered to importers as payment for their customs duties.
The company deals in the following products:
- Barcode labels and Tags
- Barcode label printers and software
- Barcode ribbons
- Barcode scanners
- Adhesive tapes and related products
- POS
Objects of the Issue
The company proposes to utilize the net proceeds of the Fresh Issue towards funding the following objects:
- Funding capital expenditures towards the installation of additional plant and machinery
- Funding of working capital requirements
- General Corporate Purpose
- Issue expenses.
Financial Snapshot
| Key Financial Performance | For the period October 10, 2022 to November 30, 2022 |
|---|---|
| Revenue from operations | 67.94 |
| EBITDA | 8.05 |
| EBITDA Margin | 11.85% |
| PAT | 4.09 |
| PAT Margin | 6.02% |
NOTES:
- Revenue from operation means revenue from sales, service and other operating revenues
- EBITDA is calculated as Profit before tax + Depreciation + Interest Expenses
- ‘EBITDA Margin’ is calculated as EBITDA divided by Revenue from Operations
- ‘PAT Margin’ is calculated as PAT for the period/year divided by revenue from operations.
Below are the financials of the proprietorship firm “M/s Solanki Enterprises”
| Particulars | Nov. 10, 2022 | March 31, 2022 | March 31, 2021 | March 31, 2020 |
|---|---|---|---|---|
| Total revenue from operations | 7661.8 | 5293.06 | 6221.44 | 8329.74 |
| Sale of Import licenses | 6813.04 | 4296.47 | 5417.07 | 7478.46 |
| Sale of Barcode labels and related items | 848.76 | 996.59 | 804.37 | 851.28 |
| Profit Before Tax for the year | 211.57 | 144.02 | 91.03 | 80.13 |
Labelkraft Technologies IPO – Details
As per the DRHP filed with SEBI, a total of 8.64 lakh shares will be offered as part of the fresh issue on the BSE SME segment. The face value of the shares is ₹ 10. The market maker would receive 44,000 shares of the offering. While HEM Securities Ltd. will be the lead manager for the IPO, Bigshare Services Pvt Ltd will be the registrar. It will be a Fixed Price Issue IPO, so there will be a price at which the securities are offered or allotted is known in advance to the investor.
| Issue Type | Fixed Price Issue IPO |
| IPO Price | ₹ 55 per share |
| Face Value | ₹ 10 per share |
| Market Lot | 2,000 Shares |
| Issue Size | 864,000 shares of ₹ 10 (Aggregating up to ₹ 4.75 Crore) |
| Fresh Issue | 864,000 shares of ₹ 10 (Aggregating up to ₹ 4.75 Crore) |
| NII (HNI) Shares Offered | 50% of the Net Issue |
| Retail Shares Offered | 50% of the Net Issue |
| Market Maker | HEM Securities Ltd. |
| Market maker portion | 44,000 shares |
| Listing At | BSE SME |
| Company Promoters | Ranjeet Kumar Solanki |
GMP – Labelkraft Technologies IPO
Labelkraft Technologies’ 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 stabilize after some time. GMP rates are not 100% guaranteed. Please click here for GMP details.
Tentative Dates – Labelkraft Technologies IPO
The issue opens for subscription on March 13, 2023, and closes for subscription on March 15, 2023 (both days inclusive). The basis of allotment will be finalized on March 20th, 2023, and the refunds will be initiated on March 21st, 2023. In addition, the demat credits are expected to happen on March 22nd, 2023, and the stock will list on March 23rd, 2023, on the BSE SME segment.
| Opening Date | March 13, 2023 |
| Closing Date | March 15, 2023 |
| Basis of Allotment | March 20, 2023 |
| Initiation of Refunds | March 21, 2023 |
| Credit of shares to Demat A/c | March 22, 2023 |
| Listing Date | March 23, 2023 |
Lot Size – Labelkraft Technologies IPO
The lot size of the Labelkraft Technologies IPO is 2,000 shares. A retail-individual investor can apply for up to 1 lot, i.e. 2,000 shares of ₹ 110,000.
| Applications | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 1 | 2,000 | ₹ 110,000 |
| Retail (Maximum) | 1 | 2,000 | ₹ 110,000 |
| HNI (Minimum) | 2 | 4,000 | ₹ 220,000 |
Promoters Holdings – Labelkraft Technologies IPO
| Pre-issue Shares Holdings | 99.71% |
| Post-issue Shares Holdings | 73.16% |
Miscellaneous Information
| Download Prospectus (PDF) | IPO DRHPI PO RHP |
| Company Contact Information | Labelkraft Technologies Limited 14/12, Jayachamarajendra Road, Bengaluru – 560002 Phone: +91 080-40927665 Email: cs@labelkraft.com Website: http://www.labelkraft.com/ |
| IPO Registrar | Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: https://www.bigshareonline.com/ |
| IPO Lead Manager(s) | Hem Securities Limited |
FAQ’s
What is Labelkraft Technologies Ltd. IPO price?
The Labelkraft Technologies Ltd. IPO price is ₹ 55 per share.
What will be the Labelkraft Technologies Ltd. IPO lot size?
One lot of the Labelkraft Technologies Ltd. IPO contains 2,000 shares of ₹ 110,000.
What minimum lot size can retail investors subscribe to?
The minimum investment size is one lot for retail investors.
When will Labelkraft Technologies Ltd. IPO allotment available?
The finalisation of the basis of allotment for the Labelkraft Technologies Ltd. IPO will be done on March 20, 2023, and the allotted shares will be credited to your demat account by March 22, 2023. Check the Labelkraft Technologies Ltd. IPO allotment status.
When will Labelkraft Technologies Ltd. IPO list on exchanges?
The Labelkraft Technologies Ltd. IPO shares listing date is March 23, 2023.
How many shares in Labelkraft Technologies Ltd. IPO Offer are reserved for HNIs and retail investors?
The investors’ portion for NII (HNI) – 50% of Net issue, and Retail – 50% of the Net Issue.
