Clara Industries was incorprated on September 02, 2021. The company is engaged in a business of providing flexible plastic packaging solutions to the clients, it serves varied sectors spanning FMCG, consumer product, hardware tools, hospitality, housekeeping, pharmaceuticals, clothing and hosiery, edible oil, salt and sugar.
| Bidding Dates |
|---|
| 16 Dec 2021 - 21 Dec 2021 |
| Subscription |
|---|
| 1.53x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,29,000 | 1 | 1 | 3000 | 702.0 K | ₹43 | 71.7 % | ₹30.2 M | RHP DOC |
Clara Industries IPO SUBSCRIPTION STATUS
21 Dec '21Clara Industries IPO overall subscription rate was 1.53 times the total available shares
Clara Industries IPO retail subscription rate was 1.55 times in the retail segment
Clara Industries IPO non-institutional investor subscription rate was 1.51 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
21 Dec 2021 (Day 5) | 1.55x | 1.51x | - |
16 Dec 2021 (Day 1) | 0.19x | 1.32x | - |
17 Dec 2021 (Day 2) | 0.42x | 1.33x | - |
18 Dec 2021 (Day 3) | 0.42x | 1.33x | - |
20 Dec 2021 (Day 4) | 1.25x | 1.33x | - |
Clara 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) |
| As at November 18, 2021 | 3.0 | 6.3 | -21.9 | -24.1 |
Clara Industries IPO SUBSCRIPTION STATUS DETAILS
Clara Industries had 702.0 K shares on offer
Clara Industries IPO offer price was ₹43
Clara Industries IPO minimum Investment was ₹129000
Clara Industries IPO issue size was ₹ 30.2 M
Clara Industries had a minimum lot size of 3000 Shares per application
Clara Industries NUMBER OF SHARES ON OFFER
Clara Industries IPO IMPORTANT DATES
| Issue Open Date | 16 Dec 2021 |
| Issue close Date | 21 Dec 2021 |
| Allotment Date | 24 Dec 2021 |
| Refund Date | 27 Dec 2021 |
| Demat Account Credit Date | 28 Dec 2021 |
| Listing Date | 29 Dec 2021 |
| Listing on Exchange(s) | BSE |
| Clara Industries Allotment Status | Exchange |
Clara Industries IPO subscription opened on 16 Dec 2021, and closed on 21 Dec 2021
IPO allotment for Clara Industries was finalized on Friday, 24 Dec 2021
IPO listing for Clara Industries was on BSE on Wednesday, 29 Dec 2021
Clara Industries IPO LISTING GAINS
| Issue Price (adjusted) | 8.6 |
| Listing Open Price | 45.7 |
| Listing Close Price | 44.0 |
| Listing Gain% | 6.3% |
| Current Gain% | 289.5% |
Clara 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 % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Clara Industries Ltd. | 33.5 | 8.3 | 47.8 | -0.5 | 0.6 | 3 | 2.9 | 14.3 | 29.9 | 1.8 | -4.8 | 0.7 | -90.8 |
| Garware Hi-Tech Films Ltd. | 6973 | 16200 | 41.8 | 2.2 | 7.2 | 12.7 | 11.2 | 2185 | 1 | 338.2 | 2.1 | 166.9 | 19 |
| EPL Ltd. | 224.7 | 7198.1 | 18.5 | 2.2 | 1.5 | 13.6 | 7.9 | 4806.5 | 12.9 | 388.9 | 8.3 | 12.1 | 8.3 |
| AGI Greenpac Ltd. | 709.8 | 4592.2 | 12.7 | 3.1 | 1.7 | 14.6 | 9.9 | 2760.4 | 6 | 351.7 | 9.1 | 56 | 4.1 |
| Uflex Ltd. | 488.7 | 3529 | 11.1 | 0.1 | 0.2 | 3.9 | 1.4 | 15513 | 2.1 | 317.1 | 122.8 | 43.9 | 122.7 |
| Polyplex Corporation Ltd. | 1115.9 | 3503.1 | 77.9 | -1 | 0.5 | 1.1 | 0.5 | 7173.4 | 2.8 | 45 | -78.5 | 14.3 | -78.5 |
Clara Industries INFORMATION ON IPO ISSUE
About Clara Industries
Clara Industries was incorprated on September 02, 2021. The company is engaged in a business of providing flexible plastic packaging solutions to the clients, it serves varied sectors spanning FMCG, consumer product, hardware tools, hospitality, housekeeping, pharmaceuticals, clothing and hosiery, edible oil, salt and sugar.
Object of the Issue
1.To meet working capital requirements
2.General corporate purposes
Clara Industries - PROMOTERS
| Name |
|---|
| Parry Kukreja |
| Nikhil Kukreja |
| Parry Kukreja |
| Nikhil Kukreja |
Clara Industries Lead Manager
Gretex Corporate Services Limited
info@gretexgroup.com
Clara Industries Registrar to the Offer
Bigshare Services Private Limited
ipo@bigshareonline.com
Clara Industries Strengths
Expanded Product portfolio
Product portfolio comprises of packaging films, flexible packaging, horticulture bags, HDPE bottles, plastic matts, printed and non-printed plastic sheets, plastic bangles
Location Advantage
The company's location gives it access to various state such as Uttarakhand, Himachal Pradesh, Delhi and Haryana
Diversified customer base
The company focuses on maintaining and establishing long-term relationships with the customers.
Clara Industries Risks
Outstanding litigation
There are outstanding legal proceedings involving the company, promoters and directors
Purchase order basis
The company generally does business with customers on purchase order basis
IPO FAQs
Clara Industries Ltd. IPO listing opened at Rs 45.70 while the issue price was Rs 43.00 giving 6.28% returns. After adjusting for subsequent bonus and splits, the stock trades at Rs 8.60 giving 289.53% gains since its IPO listing.
The promoters of the company are Parry Kukreja, Nikhil Kukreja, Parry Kukreja and Nikhil Kukreja.
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 43.0 - 43.0.
The IPO application opens on Dec 16, 2021 and closes on Dec 21, 2021.
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. 129,000.0, the maximum value for this IPO is Rs 129,000.0.
This IPO will be allotted on Dec 24, 2021.
The refund will be credited to your account on Dec 27, 2021.
The allotted shares will be credited to your demat on Dec 28, 2021.
Clara Industries Ltd.’s shares listed on the stock exchanges on Dec 29, 2021.