Krishca Strapping Solutions (NSE SME)
May 16, 2023 – May 19, 2023
| Price | ₹51 - ₹54 |
| Premium | ₹70 |
|---|---|
| Lot size | 2000 |
| Allotment | May 24, 2023 |
| Listing | May 29, 2023 |
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Listing Price
| Exchange | Listing Price | Gain/Loss | % |
|---|---|---|---|
| NSE | ₹118.80 | +₹64.80 | +120.00% |
Subscription
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIB | 6,04,000 | 4,36,04,000 | 72.19 |
| NIB | 4,54,000 | 28,51,68,000 | 628.12 |
| RETAIL | 10,58,000 | 48,43,88,000 | 457.83 |
| Total | 21,16,000 | 81,31,60,000 | 384.29 |
| Retail Apps | 2,42,194 | © IPO Premium | |
About
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail (10000 to 2 lakh) | 1 | 2000 | 108000 | 0 |
Incorporated in 2017, Krishca Strapping Solutions Limited is a manufacturer and wholesaler of Strapping Tools and Strapping Seal.
The company has a manufacturing facility in Chennai with a capacity of 18,000 MT of steel straps and 80 million Seals per annum.
Krishca Strapping Solutions' product range includes:
- PLC Controlled automatic production line.
- Automated heat treatment process-Uniform grain structure.
- Pollution-free production process - Lead-free.
- Super Jumbo coils upto 500 Kg
The steel strap quality requirements of the company are in compliance with American, European, and Indian standards. That is IS 5872:1990 - Cold rolled steel straps (box strappings) specification; ASTM D-3953 - Standard Specification for Strapping, Flat Steel and Seals; and BS EN 13246:2001 - Packaging.
Krishca Strapping Solutions has a team of 50 employees working for them.
Krishca Strapping Solutions IPO Details
| Total Issue Size | 3,320,000 shares (aggregating up to ₹17.93 Cr) |
| Fresh Issue | 3,320,000 shares (aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
Krishca Strapping Solutions IPO Reservation
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| Market Maker portion | 300,000 shares (Share India Securities) |
Company Financials
| Period Ended | 31-Mar-20 | 31-Mar-21 | 31-Mar-22 | 15-Feb-23 |
|---|---|---|---|---|
| Total Assets | 915.75 | 1,292.02 | 1,544.00 | 2,696.96 |
| Total Revenue | 98.15 | 971.05 | 1,871.71 | 6,351.23 |
| Profit After Tax | -223.92 | -67.25 | 150.54 | 785.75 |
| Net Worth | 64.34 | -120.28 | 159.51 | 945.26 |
| Reserves and Surplus | -237.02 | -421.64 | -340.49 | 445.26 |
| Total Borrowing | 827.36 | 1,337.48 | 939.28 | 1,193.01 |
Strength
Weakness
Latest Announcements
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Financial Results
Lead Manager(s)
Address
Krishca Strapping Solutions Limited
Building 01B,
LOGOS Mappedu Logistics Park Sathara,
Thiruvallur Taluk Thiruvallur District - 631203
Phone: +91-9884111098
Email: cs@krishcastrapping.com
Website: http://www.krishcastrapping.com/