Kranti Industries Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 1,101,000 (47%) | — | ₹407 Cr |
| Retail | — | 1,101,000 (47%) | — | ₹407 Cr |
| Market Maker | — | 117,000 (5%) | — | ₹4 Cr |
| Σ Total | — | 2,319,000 (100%) | — | ₹8,580 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹111,000 |
| Retail (Max) | 13 | 39,000 | ₹1,443,000 |
| S-HNI (Min) | 14 | 42,000 | ₹1,554,000 |
| B-HNI (Min) | 67 | 201,000 | ₹7,437,000 |
Financial Statements Amount in Lakhs
| Metric | 30-Sep-18 | 31-Mar-18 | 31-Mar-17 |
|---|---|---|---|
| Revenue | 3,322 | 4,611 | 2,925 |
| Profit After Tax | 137 | 90 | 93 |
| Total Assets | 5,015 | 4,378 | 4,401 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 To Meet Working Capital Requirement – 4.30
- 2 General corporate purposes – 1.38
- 3 Offer Expenses – 0.80
Company Overview
Incorporated in 1995, Pune based Kranti Industries Limited is a company engaged in the business of manufacturing and supplying of precision machined components. The company is primarily known for a range of automotive component and non-automotive (off highway) components.
The company manufactures different types of automotive components varying from 100 MM to 1200 MM in size. It also manufactures customized products for reputed Original Equipment Manufacturers (OEMs) of diverse industries such as passenger cars, electric cars, two-wheelers, light vehicles, tractors, construction machinery, off-highway, heavy trucks and railways etc.
Over the years Kranti Industries has diversified its product portfolio. It currently caters to various sectors by developing components for automobile, commercial vehicle, construction, pneumatic tool, windmill, medical industry, etc.
The company's client base includes Graziano Transmission India Pvt. Ltd, John Deere India Pvt. Ltd, CNH Industrial (India) Private Limited formerly known as (New Holland Fiat (I) Pvt. Ltd), Carraro India Pvt. Ltd, Jaya Hind Industries Limited, Endurance Technologies limited, Neosym Industry Limited (Sanaswadi) and Meltwel Scrap Traders, etc.
The company has two manufacturing facilities located at Pune, Maharashtra.
The current Order Book of the company, as on November 30, 2018, is approximately Rs 660.34 Lacs.
The company has 155 employees (including temporary workers) on its payroll.
Competitive Strengths:
1. More than 20 years of experience
2. Stable customer base with 10 largest customers accounting for around 96% of total domestic sales
3. Diverse product portfolio catering to different market needs
4. Well established manufacturing facilities located at automotive hub