Krishca Strapping Solutions Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 1,508,000 (45%) | — | ₹814 Cr |
| NII (HNI) | — | 454,000 (14%) | — | ₹245 Cr |
| Retail | — | 1,058,000 (32%) | — | ₹571 Cr |
| Market Maker | — | 300,000 (9%) | — | ₹16 Cr |
| Σ Total | — | 3,320,000 (100%) | — | ₹17,928 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 | 2,000 | ₹108,000 |
| Retail (Max) | 13 | 26,000 | ₹1,404,000 |
| S-HNI (Min) | 14 | 28,000 | ₹1,512,000 |
| B-HNI (Min) | 67 | 134,000 | ₹7,236,000 |
Financial Statements Amount in ₹ Lakhs
| Metric | 15-Feb-23 | 31-Mar-22 | 31-Mar-21 |
|---|---|---|---|
| Revenue | 6,351 | 1,872 | 971 |
| Profit After Tax | 786 | 151 | -67 |
| Net Worth | 945 | 160 | -120 |
| Total Assets | 2,697 | 1,544 | 1,292 |
| Reserves & Surplus | 445 | -340 | -422 |
| Total Borrowing | 1,193 | 939 | 1,337 |
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
- Capital Expenditure for setting up of New Strapping Line – 12.04
- Repayment of certain secured borrowings in full availed by our Company – 3.75
- General Corporate Expenses – 1.10
- Issue Expenses – 1.04
Company Overview
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.