Krishca Strapping Solutions IPO subscription is to open on May 16, 2023 and will close on May 19, 2023, the price band of the Krishca Strapping Solutions IPO is fixed at ₹ 51 – ₹ 54. Krishca Strapping Solutions is engaged as the Manufacturer and Wholesaler of Strapping Tool, Strapping Seal, etc. The products are high in demand due to their premium quality and affordable prices.
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About Krishca Strapping Solutions
Krishca Strapping Solutions Private is engaged as the Manufacturer and Wholesaler of Strapping Tool, Strapping Seal, etc. The products are high in demand due to their premium quality and affordable prices.
At the Chennai facility, Heat treated high tensile Steel Straps are manufactured using state-of-the-art equipment and supervised by expert metallurgists and engineers.
- PLC Controlled automatic production line
- Automated heat treatment process–Uniform grain structure
- Pollution free production process – Lead free
- Super Jumbo coils upto 500 Kgs
Our Steel strap quality parameters are in line with the American, European and Indian standards.
- IS 5872:1990 – Cold rolled steel straps (box strappings) specification
- ASTM D-3953 – Standard Specification for Strapping, Flat Steel and Seals
- BS EN 13246:2001 – Packaging. Specification for tensional steel strapping
Objects of the Issue
- Capital Expenditure for setting up of New Strapping Line;
- Repayment of certain secured borrowings in full availed by the company;
- General Corporate Expenses; and
- Issue Expenses
Krishca Strapping Solutions Limited Financials:
Summary of financial Information (Restated Consolidated Statement)
| Particulars | For the year ended (₹ in million) | ||
| 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | |
| Total Assets | 1,544.00 | 1,292.02 | 915.75 |
| Total income | 1,871.71 | 971.05 | 98.15 |
| Total Expenses | 1,700.00 | 1,038.30 | 322.68 |
| Profit After Tax | 150.54 | (67.25) | (223.92) |
Krishca Strapping IPO Price – Details
| Description | IPO Details |
|---|---|
| Public Issue | Initial Public Issue of upto 33,20,000 Equity Shares of ₹10 (aggregating up to ₹ 17.93 Cr) |
| Issue Open Date | 16-May-23 |
| Issue Close Date | 19-May-23 |
| Issue Type | Book Building |
| IPO Price Band | ₹ 51 – ₹ 54 |
| Face Value | ₹ 10 |
| Market Lot | 2000 Equity Shares and in multiples thereof |
| Minimum Order Quantity | 2000 Equity Shares |
| Maximum Subscription Amount for Retail Investor | Rs. 2,00,000 |
| Listing | NSE SME |
| NSE Symbol | KRISHCA |
| IPO Market Timings | 10.00 a.m. to 5.00 p.m. |
Krishca Strapping IPO DRHP & RHP
Krishca Strapping IPO Lot Size
| Application | Lots | No of Shares | Amount (Rs) |
| Minimum | 1 | 2000 | 108,000 |
| Maximum | 1 | 2000 | 108,000 |
Krishca IPO Lead Managers
- Purva Sharegistry India Private Limited
Krishca IPO Registrar
- Share India Capital Services Pvt. Ltd
Krishca Strapping Solutions IPO Allotment Date, Listing Date and other Important Dates
| Details | Date |
|---|---|
| Bid / Offer Opens on | 16-May-23 |
| Bid / Offer Closes on | 19-May-23 |
| Finalisation of Basis of Allotment | 24-May-23 |
| Initiation of refunds | 25-May-23 |
| Credit of the Equity Shares | 26-May-23 |
| Listing Date | 29-May-23 |
Company Registered Office
Building 01B, LOGOS Mappedu Logistics Park Satharai Village,
Thiruvallur Taluk,
Thiruvallur TN 631203
Website: www.krishcastrapping.com
Company Promoters
Mr. Lenin Krishnamoorthy Balamanikandan
Ms. Navaneethakrishnan Saraladevi
Krishca IPO – FAQS
What is the Krishca IPO Price?
The Krishca IPO price band is ₹ 51 – ₹ 54 per share
When Krishca IPO will open?
The Krishca IPO opens on May 16, 2023 and closes on May 19, 2023
What is the lot size of Krishca Strapping Solutions IPO?
The Krishca Strapping Solutions IPO lot size is 2000 Equity Shares and the minimum order quantity is 2000 Equity Shares
Who is the Registrar for Krishca Strapping Solutions IPO?
The Registrar for Krishca Strapping Solutions IPO is Share India Capital Services
How to apply in Krishca Strapping Solutions IPO through UPI?
Check the step by step process here – Click here
How to apply in Krishca Strapping Solutions IPO through Zerodha?
Check the step by step process here – Click here
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