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Krishca Strapping Solutions Limited IPO (Krishca Strapping Solutions IPO) Detail

Incorporated in 2017, Krishca Strapping Solutions Limited is a manufacturer and wholesaler of Strapping Tools and Strapping Seal.

The company has a manufacturing facility in Chennai with a capacity of 18,000 MT of steel straps and 80 million Seals per annum.

Krishca Strapping Solutions' product range includes:

  • PLC Controlled automatic production line.
  • Automated heat treatment process-Uniform grain structure.
  • Pollution-free production process - Lead-free.

Krishca Strapping Solutions IPO Details

IPO DateMay 16, 2023 to May 19, 2023
Listing Date[.]
Face Value₹10 per share
Price₹51 to ₹54 per share
Lot Size2000 Shares
Total Issue Size3,320,000 shares
(aggregating up to ₹17.93 Cr)
Fresh Issue3,320,000 shares
(aggregating up to ₹[.] Cr)
Issue TypeBook Built Issue IPO
Listing AtNSE SME

Krishca Strapping Solutions IPO Reservation

QIB Shares OfferedNot more than 50.00% of the Net offer
NII (HNI) Shares OfferedNot less than 15.00% of the Offer
Retail Shares OfferedNot less than 35.00% of the Offer
Market Maker portion300,000 shares (Share India Securities)

Krishca Strapping Solutions IPO Tentative Timetable

Krishca Strapping Solutions IPO opens on May 16, 2023, and closes on May 19, 2023.

EventTentative Date
Opening DateMay 16, 2023
Closing DateMay 19, 2023
Basis of AllotmentMay 24, 2023
Initiation of RefundsMay 25, 2023
Credit of Shares to DematMay 26, 2023
Listing DateMay 29, 2023
UPI Mandate Confirmation Cut-Off Time5.00 PM on the issue closing day

Krishca Strapping Solutions IPO Lot Size

The Krishca Strapping Solutions IPO lot size is 2000 shares.

ApplicationLotsSharesAmount
Retail (Min)12000₹108,000
Retail (Max)12000₹108,000
HNI (Min)24,000₹216,000
Lot Size Calculator

Company Financials

Krishca Strapping Solutions Limited Financial Information (Restated Standalone)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-20915.7598.15-223.9264.34-237.02827.36
31-Mar-211,292.02971.05-67.25-120.28-421.641,337.48
31-Mar-221,544.001,871.71150.54159.51-340.49939.28
15-Feb-232,696.966,351.23785.75945.26445.261,193.01
Amount in ₹ Lakhs

Objects of the Issue

The company intends to utilize the net proceeds from the issue towards the funding of the following objects:

  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

Krishca Strapping Solutions IPO Review (Apply)

[Dilip Davda]  KSSL has created a niche place and increased its market share within a short span. It is now adding one more production line to meet the demand and also repaying partial debt resulting in increased earnings. Based on its FY23 performance, the issue is lucratively priced. Investors may consider parking funds for medium to long-term rewards. Read detail review...

Krishca Strapping Solutions IPO Prospectus

Krishca Strapping Solutions IPO Rating

9
2.7
Rating:Rated 2.7 stars
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Company 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
Websitehttp://www.krishcastrapping.com/

Krishca Strapping Solutions IPO Registrar

Purva Sharegistry India Pvt Ltd

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

Krishca Strapping Solutions IPO Analysis

Krishca Strapping Solutions IPO Recommendation Summary

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Members110

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Krishca Strapping Solutions IPO Lead Manager(s)

  1. Share India Capital Services Private Limited (Past IPO Performance)

Lead Manager Reports

  • IPO Lead Manager Performance Summary
  • IPO Lead Manager Performance Tracker
  • Krishca Strapping Solutions IPO FAQs

    Krishca Strapping Solutions IPO is a SME IPO of 3,320,000 equity shares of the face value of ₹10 aggregating up to ₹17.93 Crores. The issue is priced at ₹51 to ₹54 per share. The minimum order quantity is 2000 Shares.

    The IPO opens on May 16, 2023, and closes on May 19, 2023.

    Purva Sharegistry India Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

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