Krishna Defence IPO opens today; Should you subscribe?
Krishna Defence IPO opens today; Should I buy?
Krishna Defence IPO opens today; 10 Key points to note before subscribing to the public issue
Krishna Defence engaged in the diversified business of manufacturing defence application products, dairy equipment products and kitchen equipment. The IPO comprises fresh issuance of equity shares worth 11.89 crore. The public issue includes a fresh Issue of up to 30,48,000 equity shares of the company.
Date: Krishna Defence IPO subscription to start from today Mar 25 to Mar 29, 2022
Price band: The price range for the offer has been fixed at Rs 37 – 39 per share.
IPO Lot size: Investors can bid for a minimum of 3000 equity shares and in multiples thereof. At the upper end of the price band, one lot is worth Rs 1,17,000
Fund utilisation: Krishna Defence will use the IPO to meet Working Capital requirements
Investor categories: Fifty percent of the issue size has been reserved for qualified institutional buyers (QIBs), 15 percent for non-institutional investors, and 35 percent for retail investors.
Peers: As per the Krishna Defence IPO RHP, there are no listed companies in India that comparable in all aspects of business and services that Krishna Defence provide.
Promoters: Mr. Ankur Ashwin Shah is the company promoters
Lead managers: Hem Securities Limited is the lead managers to the issue.
Registrar: Bigshare Services Private Limited is the Registrar for this issue.
Financials: Krishna Defence reported a profit of Rs 193.65 lakhs for FY21, up from just Rs 74.61 lakhs in FY20. Revenue during the same period increased to Rs 3,618.84 lakhs from Rs 2,572.37 lakhs.
Follow us on Telegram for all the latest updates