Kranti Industries was incorprorated on December 5, 1995. The company manufactures various automotive components varying from 100 MM to 1200 MM in size and manufactures customized products for reputed original equipment manufacturers of diverse industries such as passenger cars, electric cars, two-wheelers, tractors, construction machinery, railways, light vehicles, off-highway, heavy trucks, etc.
| Bidding Dates |
|---|
| 14 Feb 2019 - 20 Feb 2019 |
| Subscription |
|---|
| 1.29x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,11,000 | 1 | 1 | 3000 | 2.3 M | ₹37 | 73.65 % | ₹85.8 M | RHP DOC |
Kranti Industries IPO SUBSCRIPTION STATUS
20 Feb '19Kranti Industries IPO overall subscription rate was 1.29 times the total available shares
Kranti Industries IPO retail subscription rate was 1.31 times in the retail segment
Kranti Industries IPO non-institutional investor subscription rate was 1.26 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
20 Feb 2019 (Day 5) | 1.31x | 1.26x | - |
18 Feb 2019 (Day 3) | 0.16x | 0.54x | - |
19 Feb 2019 (Day 4) | 0.32x | 0.63x | - |
14 Feb 2019 (Day 1) | 0.04x | 0.24x | - |
15 Feb 2019 (Day 2) | 0.07x | 0.43x | - |
Kranti Industries 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) |
| 6MFY19 | 13.7 | 331.6 | 34.3 | -6.1 |
| FY18 | 9.0 | 460.4 | 46.6 | 36.1 |
| FY17 | -9.3 | 287.7 | 42.8 | 31.1 |
| FY16 | -2.1 | 283.6 | 64.5 | 41.7 |
Kranti Industries IPO SUBSCRIPTION STATUS DETAILS
Kranti Industries had 2.3 M shares on offer
Kranti Industries IPO offer price was ₹37
Kranti Industries IPO minimum Investment was ₹111000
Kranti Industries IPO issue size was ₹ 85.8 M
Kranti Industries had a minimum lot size of 3000 Shares per application
Kranti Industries NUMBER OF SHARES ON OFFER
Kranti Industries IPO IMPORTANT DATES
| Issue Open Date | 14 Feb 2019 |
| Issue close Date | 20 Feb 2019 |
| Allotment Date | 25 Feb 2019 |
| Refund Date | 26 Feb 2019 |
| Demat Account Credit Date | 27 Feb 2019 |
| Listing Date | 28 Feb 2019 |
| Listing on Exchange(s) | BSE |
| Kranti Industries Allotment Status | Exchange |
Kranti Industries IPO subscription opened on 14 Feb 2019, and closed on 20 Feb 2019
IPO allotment for Kranti Industries was finalized on Monday, 25 Feb 2019
IPO listing for Kranti Industries was on BSE on Thursday, 28 Feb 2019
Kranti Industries IPO LISTING GAINS
| Issue Price (adjusted) | 37.0 |
| Listing Open Price | 35.3 |
| Listing Close Price | 30.8 |
| Listing Gain% | -4.7% |
| Current Gain% | 42.6% |
Kranti Industries 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 % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Kranti Industries Ltd. | 52.8 | 46.4 | 29.3 | 0.1 | 0.7 | 5.2 | 1.9 | 101.8 | 28.6 | 2.3 | 212.7 | 1.8 | 199.8 |
| Samvardhana Motherson International Ltd. | 168.7 | 178053.4 | 40.7 | 1.3 | 1.4 | 9.4 | 3.5 | 126414.2 | 10.7 | 3859.7 | 1.5 | 4.1 | 31.9 |
| Bosch Ltd. | 45075 | 132953.7 | 56.3 | -5 | 6.3 | 18.7 | 12.8 | 20888.7 | 10.5 | 2773.2 | 37.6 | 801.2 | -11.3 |
| UNO Minda Ltd. | 1278.9 | 73852.3 | 61.4 | 3.8 | 3.6 | 17.5 | 8.7 | 19692 | 17.2 | 1197.1 | 27 | 20.8 | 16.2 |
| Tube Investments of India Ltd. | 2784.5 | 53900.2 | 84.6 | -16.1 | 2.4 | 8.2 | 3 | 23234.6 | 17.1 | 636.8 | -5.5 | 32.9 | -5.3 |
| Sona BLW Precision Forgings Ltd. | 803.8 | 50118.1 | 72 | 3.8 | 10.2 | 10.7 | 8.6 | 4572.1 | 24.2 | 640.2 | 6.5 | 11.2 | 19.2 |
Kranti Industries INFORMATION ON IPO ISSUE
About Kranti Industries
Kranti Industries was incorprorated on December 5, 1995. The company manufactures various automotive components varying from 100 MM to 1200 MM in size and manufactures customized products for reputed original equipment manufacturers of diverse industries such as passenger cars, electric cars, two-wheelers, tractors, construction machinery, railways, light vehicles, off-highway, heavy trucks, etc.
Object of the Issue
- To meet the working capital requirement
- For general corporate purposes
- To meet the issue expenses
Kranti Industries - PROMOTERS
| Name |
|---|
| Indubala Subhash Vora |
| Sachin Subhash Vora |
| Sumit Subhash Vora |
Kranti Industries Lead Manager
Fast Track Finsec Private Limited
mb@ftfinsec.com
Kranti Industries Registrar to the Offer
Link Intime India Private Limited
kranti.ipo@linkintime.co.in
Kranti Industries Strengths
Quality standards
The company's focus on quality is evidenced by the quality certifications and accreditations that the facility has obtained from recognized agencies, Kiwa Cermet Italia has issued ISO 9001:2015 certification and IATF 16949:2016 certifications
Experienced and professional management team
Promoters, Sachin Subhash Vora and Sumit Subhash Vora have over a decade of experience in the machining industry and the promoters are supported by an experienced and professional management team
Wide product range and product segments
The company manufactures customized products for reputed original equipment manufacturers of diverse industries such as passenger cars, two-wheelers, tractors, construction machinery, electric cars, railways, light vehicles, off-highway, heavy trucks
Kranti Industries Risks
Legal proceedings
The company is involved in certain legal proceedings/ received a few show cause notices, which may have a financial implication
Labour unrest
The company in the past has experienced labour unrest and strikes in factories and any disruption in labour industry or strikes by the workforce may affect the production capacity of the company
IPO FAQs
Kranti Industries Ltd. IPO listing opened at Rs 35.25 while the issue price was Rs 37.00 giving -4.73% returns. After adjusting for subsequent bonus and splits, the stock trades at Rs 37.00 giving 42.57% gains since its IPO listing.
This IPO consists of an offer for sale of up to Rs 2.1 crore, of 567,000 shares. It also consists of a fresh issue of Rs 6.7 crore.
The promoters of the company are Indubala Subhash Vora, Sachin Subhash Vora and Sumit Subhash Vora.
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 37.0 - 37.0.
The IPO application opens on Feb 14, 2019 and closes on Feb 20, 2019.
The minimum lot size for the IPO is 3000. The maximum lot size for the IPO is 3000.
For all category investors, the minimum application amount for this IPO is Rs. 111,000.0, the maximum value for this IPO is Rs 111,000.0.
This IPO will be allotted on Feb 25, 2019.
The refund will be credited to your account on Feb 26, 2019.
The allotted shares will be credited to your demat on Feb 27, 2019.
Kranti Industries Ltd.’s shares listed on the stock exchanges on Feb 28, 2019.