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Labelkraft Technologies IPO GMP, Price, Dates & Allotment Details 2023

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:

  1. Barcode labels and Tags  
  2. Barcode label printers and software
  3. Barcode ribbons  
  4. Barcode scanners  
  5. Adhesive tapes and related products
  6. POS

Objects of the Issue

The company proposes to utilize the net proceeds of the Fresh Issue towards funding the following objects:

  1. Funding capital expenditures towards the installation of additional plant and machinery
  2. Funding of working capital requirements
  3. General Corporate Purpose
  4. Issue expenses.

Financial Snapshot  

Key Financial Performance For the period October 10, 2022 to November 30, 2022
Revenue from operations67.94
EBITDA8.05
EBITDA Margin11.85%
PAT4.09
PAT Margin6.02%
(All amounts in Rs. Lakhs)

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”  

ParticularsNov. 10, 2022March 31, 2022March 31, 2021March 31, 2020
Total revenue from operations7661.85293.066221.448329.74
Sale of Import licenses6813.044296.475417.077478.46
Sale of Barcode labels and related items848.76996.59804.37851.28
Profit Before Tax for the year211.57144.0291.0380.13
(All amounts in Rs. Lakhs)

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 TypeFixed Price Issue IPO
IPO Price₹ 55 per share
Face Value₹ 10 per share
Market Lot2,000 Shares
Issue Size864,000 shares of ₹ 10  (Aggregating up to ₹ 4.75 Crore)
Fresh Issue864,000 shares of ₹ 10  (Aggregating up to ₹ 4.75 Crore)
NII (HNI) Shares Offered50% of the Net Issue
Retail Shares Offered50% of the Net Issue
Market MakerHEM Securities Ltd.
Market maker portion44,000 shares
Listing AtBSE SME
Company PromotersRanjeet 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 DateMarch 13, 2023
Closing DateMarch 15, 2023
Basis of AllotmentMarch 20, 2023
Initiation of RefundsMarch 21, 2023
Credit of shares to Demat A/cMarch 22, 2023
Listing DateMarch 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.

ApplicationsLotsSharesAmount 
Retail (Minimum)12,000₹ 110,000
Retail (Maximum)12,000₹ 110,000
HNI (Minimum)24,000₹ 220,000

Promoters Holdings – Labelkraft Technologies IPO

Pre-issue Shares Holdings99.71%
Post-issue Shares Holdings73.16%

Miscellaneous Information

Download Prospectus (PDF)IPO DRHPI
PO RHP
Company Contact InformationLabelkraft Technologies Limited
14/12, Jayachamarajendra Road, Bengaluru – 560002
Phone: +91 080-40927665
Email: [email protected]
Website: http://www.labelkraft.com/
IPO RegistrarBigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: https://www.bigshareonline.com/
IPO Lead Manager(s)Hem Securities Limited 

FAQ’s

The Labelkraft Technologies Ltd. IPO price is ₹ 55 per share.

One lot of the Labelkraft Technologies Ltd. IPO contains 2,000 shares of ₹ 110,000.

The minimum investment size is one lot for retail investors.

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.

The Labelkraft Technologies Ltd. IPO shares listing date is March 23, 2023.

The investors’ portion for NII (HNI) – 50% of Net issue, and Retail – 50% of the Net Issue.

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