Labelkraft Technologies was incorporated on October 10, 2022. The company is engaged in providing barcode solutions and catering to many different segments of industries, including FMCG, logistics service providers, chemicals, garments, etc.
| Bidding Dates |
|---|
| 13 Mar 2023 - 15 Mar 2023 |
| Subscription |
|---|
| 53.42x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,10,000 | 1 | 1 | 2000 | 864.0 K | ₹55 | 73.37 % | ₹47.5 M | RHP DOC |
Labelkraft Tech IPO SUBSCRIPTION STATUS
15 Mar '23Labelkraft Tech IPO overall subscription rate was 53.42 times the total available shares
Labelkraft Tech IPO retail subscription rate was 59.84 times in the retail segment
Labelkraft Tech IPO non-institutional investor subscription rate was 46.84 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
15 Mar 2023 (Day 3) | 59.84x | 46.84x | - |
14 Mar 2023 (Day 2) | 13.68x | 3.69x | - |
13 Mar 2023 (Day 1) | 3.94x | 1.23x | - |
Labelkraft Tech FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) |
| From October 10, 2022, to November 30, 2022 | 0.4 | 6.8 | -33.5 | -42.2 |
Labelkraft Tech IPO SUBSCRIPTION STATUS DETAILS
Labelkraft Tech had 864.0 K shares on offer
Labelkraft Tech IPO offer price was ₹55
Labelkraft Tech IPO minimum Investment was ₹110000
Labelkraft Tech IPO issue size was ₹ 47.5 M
Labelkraft Tech had a minimum lot size of 2000 Shares per application
Labelkraft Tech NUMBER OF SHARES ON OFFER
Labelkraft Tech IPO IMPORTANT DATES
| Issue Open Date | 13 Mar 2023 |
| Issue close Date | 15 Mar 2023 |
| Allotment Date | 20 Mar 2023 |
| Refund Date | 21 Mar 2023 |
| Demat Account Credit Date | 22 Mar 2023 |
| Listing Date | 23 Mar 2023 |
| Listing on Exchange(s) | BSE |
| Labelkraft Tech Allotment Status | Exchange |
Labelkraft Tech IPO subscription opened on 13 Mar 2023, and closed on 15 Mar 2023
IPO allotment for Labelkraft Tech was finalized on Monday, 20 Mar 2023
IPO listing for Labelkraft Tech was on BSE on Thursday, 23 Mar 2023
Labelkraft Tech IPO LISTING GAINS
| Issue Price (adjusted) | 55.0 |
| Listing Open Price | 56.0 |
| Listing Close Price | 55.8 |
| Listing Gain% | 1.8% |
| Current Gain% | 12.7% |
Labelkraft Tech Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Labelkraft Technologies Ltd. | 62 | 20.1 | 15.3 | 2.7 | 0.8 | 9.8 | 8 | 25.4 | 17.7 | 1.3 | 5.7 | 4 | 5.7 |
| Tata Consultancy Services Ltd. | 2452.7 | 887408.3 | 17.8 | 16.7 | 3.2 | 45.9 | 27 | 271423 | 4.7 | 49210 | 1.4 | 137.6 | 1.1 |
| Infosys Ltd. | 1175.1 | 476862.2 | 15.7 | 1.4 | 2.6 | 31.7 | 18.9 | 182972 | 9.8 | 29440 | 10.2 | 74.6 | 11.1 |
| HCL Technologies Ltd. | 1356.6 | 368135.8 | 21.1 | 8 | 2.7 | 22.1 | 14.3 | 131674 | 10.2 | 16642 | -4.3 | 64.2 | 2.6 |
| Wipro Ltd. | 187.5 | 185737.1 | 14.1 | -7.8 | 2 | 15 | 9.3 | 96497.7 | 3.8 | 13197.4 | 0.5 | 13.3 | -1.8 |
| Tech Mahindra Ltd. | 1635 | 160243.9 | 31.2 | 2.4 | 2.7 | 16.2 | 9.7 | 56847.3 | 5.6 | 4810.9 | 13.2 | 52.4 | 13.1 |
Labelkraft Tech INFORMATION ON IPO ISSUE
About Labelkraft Tech
Labelkraft Technologies was incorporated on October 10, 2022. The company is engaged in providing barcode solutions and catering to many different segments of industries, including FMCG, logistics service providers, chemicals, garments, etc.
Object of the Issue
- Funding capital expenditure towards the installation of additional plant and machinery
- Funding of working capital requirements
- General corporate purpose
- Issue expenses
Labelkraft Tech - PROMOTERS
| Name |
|---|
| Ranjeet Kumar Solanki |
Labelkraft Tech Lead Manager of the Issue
Hem Securities Limited
ib@hemsecurities.com
Labelkraft Tech Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Labelkraft Tech Strengths
Comprehensive product range
The company provides a comprehensive product range, including barcode labels, barcode label printers, barcode ribbons, barcode scanners, adhesive tapes, POS, patient wristbands, ID cards & barcode software
Existing relationship
The company focuses on building sustained and long-term relationships with clients and constantly try to cater to customer needs with products in demand
Cost competitiveness
The company promotes cost competitiveness and timely execution of client orders
Labelkraft Tech Risks
Limited operating history
The company was recently incorporated and took over the running business of Solanki Enterprises, thus making its operating history limited
Dependent on one product
A significant portion of its revenue is derived from the trading of duty credit scrips. Any reduction or disruption in the said business may adversely affect revenues, business, results of operations and prospects
IPO FAQs
The promoter of the company is Ranjeet Kumar Solanki.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 55.0 - 55.0.
The IPO application opens on Mar 13, 2023 and closes on Mar 15, 2023.
The minimum lot size for the IPO is 2000. The maximum lot size for the IPO is 2000.
For all category investors, the minimum application amount for this IPO is Rs. 110,000.0, the maximum value for this IPO is Rs 110,000.0.
This IPO will be allotted on Mar 20, 2023.
The refund will be credited to your account on Mar 21, 2023.
The allotted shares will be credited to your demat on Mar 22, 2023.
Labelkraft Technologies Ltd.’s shares listed on the stock exchanges on Mar 23, 2023.