Krishca Strapping Solutions was incorporated on December 12, 2017. The company is a manufacturer and wholesaler of strapping tools, strapping seals, etc
| Bidding Dates |
|---|
| 16 May 2023 - 19 May 2023 |
| Subscription |
|---|
| 336.57x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,08,000 | 1 | 1 | 2000 | 3.3 M | ₹51 - ₹54 | 72.49 % | ₹169.3 M - ₹179.3 M | RHP DOC |
Krishca Strapping IPO SUBSCRIPTION STATUS
19 May '23Krishca Strapping IPO overall subscription rate was 336.57 times the total available shares
Krishca Strapping IPO retail subscription rate was 572.83 times in the retail segment
Krishca Strapping IPO non-institutional investor subscription rate was 786.89 times in the non-institutional investor category
Krishca Strapping IPO Qualified Institutional Bidder subscription rate was 36.1 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
19 May 2023 (Day 4) | 572.83x | 786.89x | 36.1x |
18 May 2023 (Day 3) | 288.64x | 150.29x | 4.82x |
17 May 2023 (Day 2) | 134.08x | 63.81x | 1.89x |
16 May 2023 (Day 1) | 42.63x | 25.62x | 1.75x |
Krishca Strapping 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) |
| For the period ending February 15, 2023 | 78.6 | 634.1 | 24.1 | 18.1 |
| FY22 | 15.1 | 186.1 | -0.3 | -14.4 |
| FY21 | -6.7 | 94.1 | -14.9 | -40.4 |
| FY20 | -22.4 | 9.6 | -5.6 | -32.4 |
Krishca Strapping IPO SUBSCRIPTION STATUS DETAILS
Krishca Strapping had 3.3 M shares on offer
Krishca Strapping IPO offer price was in the range ₹51 - ₹54
Krishca Strapping IPO minimum Investment was ₹108000
Krishca Strapping IPO issue size was ₹ 169.3 M - ₹ 179.3 M
Krishca Strapping had a minimum lot size of 2000 Shares per application
Krishca Strapping NUMBER OF SHARES ON OFFER
Krishca Strapping IPO IMPORTANT DATES
| Issue Open Date | 16 May 2023 |
| Issue close Date | 19 May 2023 |
| Allotment Date | 24 May 2023 |
| Refund Date | 25 May 2023 |
| Demat Account Credit Date | 26 May 2023 |
| Listing Date | 26 May 2023 |
| Listing on Exchange(s) | NSE |
| Krishca Strapping Allotment Status | Exchange |
Krishca Strapping IPO subscription opened on 16 May 2023, and closed on 19 May 2023
IPO allotment for Krishca Strapping was finalized on Wednesday, 24 May 2023
IPO listing for Krishca Strapping was on NSE on Friday, 26 May 2023
Krishca Strapping IPO LISTING GAINS
| Issue Price (adjusted) | 54.0 |
| Listing Open Price | 118.8 |
| Listing Close Price | 112.9 |
| Listing Gain% | 120.0% |
| Current Gain% | 208.3% |
Krishca Strapping 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 % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Krishca Strapping Solutions Ltd | 166.5 | 201 | 22.8 | -0.7 | 1.3 | 11.3 | 7.2 | 151.1 | 42.9 | 11.6 | -12.3 | 7.3 | -33.6 |
| Cummins India Ltd. | 5378.5 | 149092 | 63 | 6 | 11.8 | 27.9 | 20.9 | 12660.5 | 16.8 | 2361.8 | 18.1 | 85.4 | 10.6 |
| GE Vernova T&D India Ltd. | 4420 | 113172.6 | 86.7 | 1.2 | 16.9 | 45.8 | 15.9 | 6297.2 | 44.6 | 1233.2 | 102.7 | 51 | 70.6 |
| 3M India Ltd. | 36115 | 40683.9 | 77.9 | 6.4 | 8 | 29.5 | 16.6 | 5138.5 | 13.8 | 522.3 | 9.7 | 463.7 | 12.2 |
| Kirloskar Oil Engines Ltd. | 2101.5 | 30581 | 56 | 3.5 | 3.9 | 15.9 | 5.3 | 7771.2 | 21.5 | 574.3 | 17.4 | 37.5 | 15.8 |
| LMW Ltd. | 17323 | 18506.2 | 105.9 | 1.5 | 5.5 | 4.6 | 3.1 | 3353.4 | 6.9 | 130.7 | 27.4 | 163.6 | 69.6 |
Krishca Strapping INFORMATION ON IPO ISSUE
About Krishca Strapping
Krishca Strapping Solutions was incorporated on December 12, 2017. The company is a manufacturer and wholesaler of strapping tools, strapping seals, etc
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 expenses
- Issue expenses
Krishca Strapping - PROMOTERS
| Name |
|---|
| Lenin Krishnamoorthy Balamanikandan |
Krishca Strapping Lead Manager of the Issue
Share India Capital Services Private Limited
anand.srivastava@shareindia.co.in
Krishca Strapping Registrar to the issue
Purva Sharegistry (India) Private Limited
support@purvashare.com
Krishca Strapping Strengths
High demand
The company's products have high demand due to their premium quality and affordable price
Certified
The company's comprehensive systems have enabled it to be certified for quality management systems as per ISO 9001:2015 standard
Krishca Strapping Risks
Negative cash & cash equivalent
The company has had negative cash and cash equivalent generated in the past and may, in the future, experience similar negative cash flows
Highly cyclical and volatile industry
The steel industry is highly cyclical, and volatility in steel prices may have an adverse effect on the company’s results of operations and financial condition
IPO FAQs
The promoter of the company is Lenin Krishnamoorthy Balamanikandan.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 51.0 - 54.0.
The IPO application opens on May 16, 2023 and closes on May 19, 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. 108,000.0, the maximum value for this IPO is Rs 108,000.0.
This IPO will be allotted on May 24, 2023.
The refund will be credited to your account on May 25, 2023.
The allotted shares will be credited to your demat on May 26, 2023.
Krishca Strapping Solutions Ltd.’s shares listed on the stock exchanges on May 26, 2023.