Krishca Strapping Solutions Limited IPO (Krishca Strapping Solutions IPO)

Krishca Strapping Solutions Limited IPO
Upcoming Krishca Strapping Solutions IPO | New Krishca Strapping Solutions IPO

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

Krishca Strapping Solutions IPO – Details

IPO Opening Date16 May 2023
IPO Closing Date19 May 2023
Issue TypeBook Built Issue IPO
Issue Size33,20,000 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 Lot2000 Shares
Min Order2000 Shares (1 Lot)
Listing AtNSE SME
RegisterPurva Sharegistry India Pvt Ltd
QIB Shares Offered50%
Retail Shares Offered35%
NII (HNI) Shares Offered15%

Krishca Strapping Solutions IPO – Date Schedule

IPO Open Date16 May 2023
IPO Close Date19 May 2023
Basis of Allotment24 May 2023
Initiation of Refund25 May 2023
Credit of Shares to Demat Account26 May 2023
IPO Listing Date29 May 2023

Krishca Strapping Solutions IPO – Lots Size & Price

ApplicationLotsSharesAmount ( Cut-Off)
Retail (Minimum)120001,08,000
Retail (Maximum)120001,08,000
HNI (Minimum)240002,16,000

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.
Krishca Strapping Solutions IPO
Issue Object

Company Financial

ParticularsTotal RevenueTotal ExpenseProfit After Tax
31 March 20200.983.22-2.23
31 March 20219.7110.38-0.67
31 March 202218.7117.001.50
15 February 202363.5154.307.85
Amount in ₹ Crore

Krishca Strapping Solutions IPO Promoter Holding

Pre Issue Share Holding86.34%
Post Issue Share Holding62.60%

Krishca Strapping Solutions IPO Prospectus

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 Lead Manager(s)

1. Share India Capital Services Private Limited

Krishca Strapping Solutions IPO FAQs

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.
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