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.
- Super Jumbo coils upto 500 Kg
Krishca Strapping Solutions IPO – Details
| IPO Opening Date | 16 May 2023 |
| IPO Closing Date | 19 May 2023 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 33,20,000 Shares Worth ₹17.93 Crore Fresh Issue: 33,20,000 Shares Worth ₹17.93 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹51 – ₹54 |
| Market Lot | 2000 Shares |
| Min Order | 2000 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Purva Sharegistry India Pvt Ltd |
| QIB Shares Offered | 50% |
| Retail Shares Offered | 35% |
| NII (HNI) Shares Offered | 15% |
Krishca Strapping Solutions IPO – Date Schedule
| IPO Open Date | 16 May 2023 |
| IPO Close Date | 19 May 2023 |
| Basis of Allotment | 24 May 2023 |
| Initiation of Refund | 25 May 2023 |
| Credit of Shares to Demat Account | 26 May 2023 |
| IPO Listing Date | 29 May 2023 |
Krishca Strapping Solutions IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 2000 | 1,08,000 |
| Retail (Maximum) | 1 | 2000 | 1,08,000 |
| HNI (Minimum) | 2 | 4000 | 2,16,000 |
Competitive Strengths
- Well equipped with advance technology;
- Experienced Promoters and Technically Sound Operation Team;
- Track record of growth and profitability;
- First Remote Pilot Training Organizations in Maharashtra;
- Long term relationship with clients and repeat business.
Company Promoters
- Mr. Lenin Krishnamoorthy Balamanikandan
Object Of The Issue
- Capital Expenditure for setting up of New Strapping Line.
- Repayment of certain secured borrowings in full availed by the Company.
- General Corporate Purposes.
- Issue expenses.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax |
|---|---|---|---|
| 31 March 2020 | 0.98 | 3.22 | -2.23 |
| 31 March 2021 | 9.71 | 10.38 | -0.67 |
| 31 March 2022 | 18.71 | 17.00 | 1.50 |
| 15 February 2023 | 63.51 | 54.30 | 7.85 |
Krishca Strapping Solutions IPO Promoter Holding
| Pre Issue Share Holding | 86.34% |
| Post Issue Share Holding | 62.60% |
Krishca Strapping Solutions IPO Prospectus
- Krishca Strapping Solutions IPO DRHP
- Krishca Strapping Solutions IPO RHP
- Anchor Investors in Krishca Strapping Solutions IPO
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 Website: http://www.krishcastrapping.com/ |
Krishca Strapping Solutions IPO Registrar
| 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(s)
| 1. Share India Capital Services Private Limited |
Krishca Strapping Solutions IPO FAQs
| What is Krishca Strapping Solutions IPO? Krishca Strapping Solutions IPO is a SME IPO. The issue is priced at ₹51 – ₹54 per equity share. The IPO is to be listed on NSE SME. |
| When Krishca Strapping Solutions IPO will open? The IPO is to open on 16 May 2023 for QIB, NII and Retail Investors. |
| What is Krishca Strapping Solutions IPO Investors Portion? The investors portion for QIB-50%, NII-15%, and Retail-35%. |
| How to Krishca Strapping Solutions IPO? You can apply Krishca Strapping Solutions IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Krishca Strapping Solutions IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Krishca Strapping Solutions”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Krishca Strapping Solutions IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Krishca Strapping Solutions”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is Krishca Strapping Solutions IPO Size? Krishca Strapping Solutions IPO size is ₹17.93 crores. |
| What is Krishca Strapping Solutions IPO Price Band? Krishca Strapping Solutions IPO Price Band is ₹51-₹54. |
| What is Krishca Strapping Solutions IPO Minimum and Maximum Lot Size? The minimum bid is 2000 Shares with ₹1,08,000 amount while the maximum bid is 2000 shares with ₹1,08,000. |
| What is the Krishca Strapping Solutions IPO Allotment Date? Krishca Strapping Solutions IPO allotment date is 24 May 2023. |
| What is the Krishca Strapping Solutions IPO Listing Date? Krishca Strapping Solutions IPO listing date is 29 May 2023. The IPO is to list on NSE SME. |
