Krishca Strapping Solutions IPO Details ( Krishca Strapping Solutions Limited IPO Review )
(16 May 2023 – 19 May 2023)
Established in the year 2017 at Sivakasi, Tamil Nadu, we “Krishca Strapping Solutions Private Limited” are a Private Limited based firm, engaged as the Manufacturer and Wholesaler of Strapping Tool, Strapping Seal, etc. Our products are high in demand due to their premium quality and affordable prices.
At our Chennai facility, Heat treated high tensile Steel Straps are manufactured using state-of-the-art equipment and supervised by expert metallurgists and engineers.
- PLC Controlled automatic production line
- Automated heat treatment process–Uniform grain structure
- Pollution free production process – Lead free
- Super Jumbo coils upto 500 Kgs
Our Steel strap quality parameters are in line with the American, European and Indian standards.
- IS 5872:1990 – Cold rolled steel straps (box strappings) specification
- ASTM D-3953 – Standard Specification for Strapping, Flat Steel and Seals
- BS EN 13246:2001 – Packaging. Specification for tensional steel strapping
At Krishca Strapping, we provide products and solutions that are aimed at bringing to its customers the best, in terms of quality and service. Our belief, commitment and ethics are defined by every employee. At Krishca Strapping, we believe in continuous innovation with end to end solutions.
It is important to us that we consistently provide a high-quality product with good value. Our manufacturing processes at every step of the way are leading edge, sophisticated and standardized to ensure consistent quality. Our employees are trained in human relations skill, and make sure they understand the importance of safe production. We have the most brilliant people working with us in the industry who understand the demands of the market
Krishca Strapping Solutions Limited IPO Competitive Strength
- As of September 2021, India was the world’s second-largest producer of crude steel, with an output of 9.5 MT.
- Easy availability of low-cost manpower and presence of abundant iron ore reserves make India competitive in the global set up.
- India is home to fifth-highest reserves of iron ore in the world.
Krishca Strapping Solutions IPO Financials Performance ( Results )
Krishca Strapping Solutions Limited Financial Information ( Restated Standalone )
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | PAT | EPS (₹) | Net Worth | NAV (₹) | Reserves | Borrowing |
| 31-Mar-20 | 915.75 | 98.15 | -223.92 | -7.43 | 64.34 | 2.13 | -237.02 | 827.36 |
| 31-Mar-21 | 1,292.02 | 971.05 | -67.25 | -2.23 | -120.28 | -3.99 | -421.64 | 1,337.48 |
| 31-Mar-22 | 1,544.00 | 1,871.71 | 150.54 | 3.01 | 159.51 | 3.19 | -340.49 | 939.28 |
| 15-Feb-23 | 2,696.96 | 6,351.23 | 785.75 | 15.71 | 945.26 | 18.91 | 445.26 | 1,193.01 |
Objective of IPO Issue
- Capital Expenditure for setting up of New Strapping Line
- Repayment of certain secured borrowings in full
- General corporate expenses and issue expenses
Krishca Strapping Solutions IPO Basic Details
| IPO Date | May 16, 2023 to May 19, 2023 |
| Listing Date | Monday, May 29, 2023 |
| Face Value | ₹10 per share |
| Price | ₹51 to ₹54 per share |
| Lot Size | 2000 Shares |
| Issue Size | 3,320,000 shares (aggregating up to ₹17.93 Cr) |
| Fresh Issue | 3,320,000 shares (aggregating up to ₹17.93 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| QIB Shares Offered | 50% of the Offer |
| NII (HNI) Shares Offered | 15% of the Offer |
| Retail Shares Offered | 35% of the Offer |
| Company Promoters | Mr. Lenin Krishnamoorthy Balamanikandan |
Krishca Strapping Solutions IPO Timetable
Krishca Strapping Solutions IPO will open on May 16, 2023 and close on May 19, 2023. You can join Krishca Strapping Solutions IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | May 16, 2023 |
| Closing Date | May 19, 2023 |
| Basis of Allotment | May 24, 2023 |
| Initiation of Refunds | May 25, 2023 |
| Credit of Shares to Demat | May 26, 2023 |
| Listing Date | May 29, 2023 |
Krishca Strapping Solutions IPO Lot Size
For retail investors in Krishca Strapping Solutions IPO, 2000 shares will come in 1 lot or the minimum investment will be ₹108,000. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹108,000.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 2000 | ₹108,000 |
| Retail (Max) | 1 | 2000 | ₹108,000 |
| B-HNI (Min) | 2 | 4000 | ₹216,000 |
Krishca Strapping Solutions IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | – |
Krishca Strapping Solutions IPO Valuation – FY2022
| Earning Per Share (EPS) | ₹3.01 per Equity Share |
| Price/Earning P/E Ratio | 3.43 |
| Return on Net Worth (RoNW) | 0.94% |
| Net Asset Value (NAV) | ₹3.19 per Equity Share |
| Upper Price/Book Value (Price/BV) Ratio | Coming Soon |
Krishca Strapping Solutions Ltd Key Performance Indicator
| KPI | Values |
| Market Cap (₹ Cr.) | 47.25 |
| P/E (x) | 3.43 |
| ROE (%) | Coming Soon |
| ROCE (%) | Coming Soon |
| Debt/Equity | 1.26 |
Krishca Strapping Solutions Ltd Peer Comparison
| Company Name | Consolidated/ Standalone | Face Value | EPS (₹) | P/E Ratio | RoNW (%) | NAV (₹) | P/BV Ratio |
| Krishca Strapping Solutions Limited | Standalone | 10 | 13.49 | – | 0.81 | 16.69 | – |
| Peer Group | |||||||
| Usha Martin Ltd | Standalone | 1 | 6.94 | 26.85 | 22.78 | 30.44 | 3.64 |
| Metal Coatings India Ltd | Standalone | 10 | 4.50 | 22.06 | 8.31 | 46.36 | 1.65 |
Krishca Strapping Solutions IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| 24 May 2023 | ₹72 | – | – |
| 23 May 2023 | ₹70 | – | – |
| 22 May 2023 | ₹73 | – | – |
| 21 May 2023 | ₹75 | – | – |
| 20 May 2023 | ₹77 | – | – |
| 19 May 2023 | ₹76 | – | – |
| 18 May 2023 | ₹53 | – | – |
| 17 May 2023 | ₹53 | – | – |
| 16 May 2023 | ₹44 | – | – |
| 15 May 2023 | ₹42 | – | – |
| 14 May 2023 | ₹40 | – | – |
| 13 May 2023 | ₹26 | – | – |
| 12 May 2023 | ₹20 | – | – |
| 11 May 2023 | ₹10 | – | – |
Krishca Strapping Solutions IPO Detail Video:
Krishca Strapping Solutions IPO Subscription Status (Bidding Detail)
The Krishca Strapping Solutions IPO on May 19, 2023 at 7:29:00 PM was subscribed 336.57 times, with the retail category being subscribed 572.83 times, the NII (Non-Institutional Investor) category being subscribed 786.68 times and the QIB (Qualified-Institutional Buyers) category being subscribed 36.10 times.
| Category | Subscription |
| QIB | 36.10x |
| NII | 786.89x |
| Retail | 572.83x |
| Total | 336.57x |
Krishca Strapping Solutions IPO Prospectus
Krishca Strapping Solutions IPO Rating
| Our Rating | 3.5/5.0 |
Krishca Strapping Solutions Compnay Contact Information
Krishca Strapping Solutions Limited
Registered Office: Building 01B, LOGOS Mappedu Logistics Park
Satharai Village, Thiruvallur Taluk, Thiruvallur TN 631203 IN
Tel: +91 93449 91199
E-mail: cs@krishcastrapping.com
Website: www.krishcastrapping.com
Contact Person: Ms. Diya Venkatesan, Company Secretary cum Compliance Officer
Company Promoter: Mr. Lenin Krishnamoorthy Balamanikandan
Krishca Strapping Solutions IPO Registrar
Purva Sharegistry India Private Limited
Address: 9 Shiv Shakti Industrial Estate, J.R Boricha Marg, Lower Parel (East),
Mumbai- 400011, Maharashtra
Tel. No.: +91-022-2301 8261
Email id: support@purvashare.com
Website: www.purvashare.com
Contact Person: Ms. Deepali Dhuri
SEBI Regn No.: INR000001112
Krishca Strapping Solutions IPO Lead Manager
Share India Capital Services Pvt. Ltd.
Address: A-15, Sector-64, Noida – 201301, Uttar Pradesh, India.
Tel No.: +91-0120-4910000
Email: anand.srivastava@shareindia.co.in
Contact Person: Mr. Anand Srivastava
Website: www.shareindia.com
SEBI Registration No.: INM000012537
Krishca Strapping Solutions IPO FAQs
What is the lot size of Krishca Strapping Solutions IPO?
The total size of Krishca Strapping Solutions IPO is ₹17.93 crores and this is a complete fresh Issue.
When will Krishca Strapping Solutions IPO start?
Krishca Strapping Solutions IPO will Open from 16 May 2023 and IPO will Close on 19 May 2023.
What is the open date of Krishca Strapping Solutions IPO?
Krishca Strapping Solutions IPO will open date from 16 May 2023.
What is the last date ( close date ) of Krishca Strapping Solutions IPO?
Krishca Strapping Solutions IPO will close from 19 May 2023.
What is the price band of Krishca Strapping Solutions IPO?
Krishca Strapping Solutions IPO price band is ₹51 to ₹54. ( Upper Price Band: ₹54, Lower Price Band: ₹51 )
What is the minimum amount required to apply for Krishca Strapping Solutions IPO?
The minimum investment for retailers to apply for Krishca Strapping Solutions IPO is ₹108,000 and the maximum investment is ₹108,000.
What is going on gray market premium of Krishca Strapping Solutions IPO?
View gray market premium of Krishca Strapping Solutions IPO by Clicking Here
How much is the GMP of Krishca Strapping Solutions IPO?
Watch Krishca Strapping Solutions IPO GMP Today: Click Here
What is the allotment date of Krishca Strapping Solutions IPO?
The allotment date of Krishca Strapping Solutions IPO is 24 May 2023.
How to check allotment status in Krishca Strapping Solutions IPO?
To check the allotment status of Krishca Strapping Solutions IPO, first of all go to the registrar website by clicking here, select your bad Krishca Strapping Solutions IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Krishca Strapping Solutions IPO?
The Listing Date of Krishca Strapping Solutions IPO is 29 May 2023.
How much will be the listing gain in Krishca Strapping Solutions IPO?
View listing gain of Krishca Strapping Solutions IPO by Clicking Here
How much time Krishca Strapping Solutions IPO is subscribed?
Total 336.57 times subscribed in Krishca Strapping Solutions IPO out of which 572.83 times subscription was done in retail quota, 786.68 times subscription in NII quota and 36.10 times subscription in QIB quota.
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