Krishca Strapping Solutions Limited IPO

NSE SME

Listed On: May 25, 2023 at ₹ 118.8

₹ 108000 /2000 Shares

Check Allotment

Krishca Strapping Solutions Limited IPO Details

16 May, 2023

Open Date

19 May, 2023

Close Date

23 May, 2023

Allotment Date

25 May, 2023

Listing Date

Issue Price

₹51-54 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

NSE SME

Registrar

Purva Sharegistry India Pvt Ltd

List Price

118.8

Listing Date

2023-05-25

Market Lot

2000 Shares (₹108,000/-)

Lead Manager

Share India Capital Services Private Limited

Issue Size

Fresh Issue : 3,320,000 shares(aggregating up to ₹17.93 Cr)

Retail Portion

N/A

Subscription

336.57 times

IPO Docs

DRHP RHP

Krishca Strapping Solutions Limited IPO Subscription Details

As on	QIB / NII	Retail	Total
Shares Offered / Reserved	347,040 / 1,179,242	1,944,118	3,470,400
Day 1 - 16-05-23 06:00 PM	1.75 / 25.86 x	44.63 x	20.38 x
Day 2 - 17-05-23 06:00 PM	1.89 / 63.91 x	136.22 x	58.21 x
Day 3 - 18-05-23 06:00 PM	4.82 / 150.29 x	288.64 x	125.98 x
Day 4 - 19-05-23 06:00 PM	36.10 / 786.89 x	572.83 x	336.57 x

Total No. of Applications: 2,42,190 (Approx)

Krishca Strapping Solutions Limited Valuations

Earnings Per Share (EPS)

₹/-

P/E Ratio

N/A

RoNW

Net Asset Value (NAV) - Post Issue

₹/-

Krishca Strapping Solutions Limited Company Financials All values are in ₹ Lakh

	15-Feb-23	31-Mar-22	31-Mar-21	31-Mar-20
Assets	2,696.96	1,544.00	1,292.02	915.75
Revenue	6,351.23	1,871.71	971.05	98.15
Profit After Tax	785.75	150.54	-67.25	-223.92

About The Company

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.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 Limited - Promoter(s)

Pre Issue Share Holding: 86.34%

Post Issue Share Holding: 62.60%

Company Promoter(s)

Mr. Lenin Krishnamoorthy Balamanikandan

Krishca Strapping Solutions Limited IPO - Issue Objectives

Capital Expenditure for setting up of New Strapping Line
Repayment of certain secured borrowings in full
General corporate expenses and issue expenses

Krishca Strapping Solutions Limited IPO - FAQs

Ans. Krishca Strapping Solutions Limited IPO is a SME IPO. The issue is priced at ₹51-54 per equity 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.

Ans. The Krishca Strapping Solutions Limited IPO opens on May 16, 2023 and closes on May 19, 2023.

Ans. The size of Krishca Strapping Solutions Limited IPO is Fresh Issue : 3,320,000 shares(aggregating up to ₹17.93 Cr).

Ans. The IPO price band is set between ₹51-54 per equity share.

Ans. To apply for Krishca Strapping Solutions Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Krishca Strapping Solutions Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Krishca Strapping Solutions Limited IPO is May 23, 2023.

Ans. The Krishca Strapping Solutions Limited IPO will be listed on May 25, 2023.

Ans. Follow the steps to check the allotment status for Krishca Strapping Solutions Limited IPO here.