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Krishca Strapping Solutions IPO is a book built issue of Rs 17.93 crores. The issue is entirely a fresh issue of 33.2 lakh shares.
Krishca Strapping Solutions IPO bidding started from May 16, 2023 and ended on May 19, 2023. The allotment for Krishca Strapping Solutions IPO was finalized on Wednesday, May 24, 2023. The shares got listed on NSE SME on May 26, 2023.
Krishca Strapping Solutions IPO price band is set at ₹51 to ₹54 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹108,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹216,000.
Share India Capital Services Private Limited is the book running lead manager of the Krishca Strapping Solutions IPO, while Purva Sharegistry India Pvt Ltd is the registrar for the issue. The market maker for Krishca Strapping Solutions IPO is Share India Securities.
Refer to Krishca Strapping Solutions IPO RHP for detailed information.
| IPO Date | May 16, 2023 to May 19, 2023 |
| Listing Date | May 26, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹51 to ₹54 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 3,320,000 shares (aggregating up to ₹17.93 Cr) |
| Fresh Issue | 3,320,000 shares (aggregating up to ₹17.93 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 8,750,000 |
| Share holding post issue | 12,070,000 |
| Market Maker portion | 300,000 shares Share India Securities |
Krishca Strapping Solutions IPO offers 3,620,000 shares. 1,208,000 (33.37%) to QIB, 362,400 (10.01%) to NII, 845,600 (23.36%) to RII 904,000 (24.97%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 904,000 (24.97%) |
| Market Maker Shares Offered | 300,000 (8.29%) |
| QIB Shares Offered | 1,208,000 (33.37%) |
| NII (HNI) Shares Offered | 362,400 (10.01%) |
| Retail Shares Offered | 845,600 (23.36%) |
| Total Shares Offered | 3,620,000 (100%) |
Krishca Strapping Solutions IPO opens on May 16, 2023, and closes on May 19, 2023.
| IPO Open Date | Tuesday, May 16, 2023 |
| IPO Close Date | Friday, May 19, 2023 |
| Basis of Allotment | Wednesday, May 24, 2023 |
| Initiation of Refunds | Thursday, May 25, 2023 |
| Credit of Shares to Demat | Friday, May 26, 2023 |
| Listing Date | Friday, May 26, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 19, 2023 |
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹108,000 |
| Retail (Max) | 1 | 2000 | ₹108,000 |
| HNI (Min) | 2 | 4,000 | ₹216,000 |
| Lot Size Calculator | |||
Mr. Lenin Krishnamoorthy Balamanikandan is the company promoter.
| Share Holding Pre Issue | 86.34% |
| Share Holding Post Issue | 62.6% |
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:
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.
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 915.75 | 98.15 | -223.92 | 64.34 | -237.02 | 827.36 |
| 31-Mar-21 | 1,292.02 | 971.05 | -67.25 | -120.28 | -421.64 | 1,337.48 |
| 31-Mar-22 | 1,544.00 | 1,871.71 | 150.54 | 159.51 | -340.49 | 939.28 |
| 15-Feb-23 | 2,696.96 | 6,351.23 | 785.75 | 945.26 | 445.26 | 1,193.01 |
| Amount in ₹ Lakhs | ||||||
The market capitalization of Krishca Strapping Solutions IPO is Rs 65.18 Cr.
| KPI | Values |
|---|---|
| RoNW | 0.83% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 15.71 | |
| P/E (x) | 3.43 |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
[Dilip Davda] KSSL has created a niche place and increased its market share within a short span. It is now adding one more production line to meet the demand and also repaying partial debt resulting in increased earnings. Based on its FY23 performance, the issue is lucratively priced. Investors may consider parking funds for medium to long-term rewards. Read detail review...
The Krishca Strapping Solutions IPO is subscribed 336.57 times on May 19, 2023 7:29:00 PM. The public issue subscribed 572.83 times in the retail category, 36.10 times in the QIB category, and 786.89 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 36.10 |
| NII | 786.89 |
| Retail | 572.83 |
| Total | 336.57 |
Total Application : 242,194 (572.56 times)
| Listing Date | May 26, 2023 |
| BSE Script Code | |
| NSE Symbol | KRISHCA |
| ISIN | INE0NR701018 |
| Final Issue Price | ₹54 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹54.00 |
| ₹118.80 |
| ₹112.90 |
| ₹118.80 |
| ₹112.90 |
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/
Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com
Website: https://www.purvashare.com/investor-service/ipo-query
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Check our SME IPO Guide 
Krishca Strapping Solutions IPO is a SME IPO of 3,320,000 equity shares of the face value of ₹10 aggregating up to ₹17.93 Crores. The issue is priced at ₹51 to ₹54 per share. The minimum order quantity is 2000 Shares.
The IPO opens on May 16, 2023, and closes on May 19, 2023.
Purva Sharegistry India Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Krishca Strapping Solutions IPO using UPI as a payment gateway. Zerodha customers can apply in Krishca Strapping Solutions IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Krishca Strapping Solutions IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Krishca Strapping Solutions IPO opens on May 16, 2023 and closes on May 19, 2023.
Krishca Strapping Solutions IPO lot size is 2000 Shares, and the minimum amount required is ₹108,000.
You can apply in Krishca Strapping Solutions IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Krishca Strapping Solutions IPO will be done on Wednesday, May 24, 2023, and the allotted shares will be credited to your demat account by Friday, May 26, 2023. Check the Krishca Strapping Solutions IPO allotment status.
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