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Home All IPOs Krishca Strapping Solutions Ltd IPO

Krishca Strapping Solutions Ltd IPO

NSE SME Bookbuilding IPO Fresh Capital Closed
GMP +₹0 +0% Est. Listing ₹54
Issue Price
₹54
Face ₹10
GMP
+₹0
+0% premium
Est. Listing
₹54
GMP based
Lot Size
2,000
shares / lot
Min Amount
₹108,000
1 lot · 2,000 shares
Opens
16 May
Closed
Allotment
Important Dates
6/6 completed
Open
Close
Allotment
Refund
Demat
Listing
Done
Open Date
16 May 2023
Tue Completed
Done
Close Date
19 May 2023
Fri Completed
Done
Allotment
24 May 2023
Wed Completed
Done
Refund
25 May 2023
Thu Completed
Done
Demat Credit
26 May 2023
Fri Completed
Done
Listing Date
26 May 2023
Fri Completed
UPI Deadline: 19 May 2023
Issue Details
Pricing & Size
Issue Price
₹54 Face ₹10
Lot Size
2,000 shares
Min Investment
₹108,000
Total Issue Size
33,20,000 shares (aggregating up to ₹17.93 Cr)
IPO Information
Issue Type
Bookbuilding IPO
Sale Type
Fresh Capital
Listing Exchange
NSE SME
Script / Ticker
-
Allocation Breakdown
Market Maker
3,00,000 (9.04%)
QIB Portion
15,08,000 (45.42%)
NII / HNI
4,54,000 (13.67%)
Retail
10,58,000 (31.87%)
Employee
-
Net Offer to Public
30,20,000 shares (aggregating up to ₹16.31 Cr)
Shareholding Pattern
Pre-Issue Shareholding
87,50,000 shares
Post-Issue Shareholding
1,20,70,000 shares
Application Size
CategoryMin LotsSharesAmount
Retail (sNII) 1 2,000 ₹1,08,000
HNI / NII 2 4,000 ₹2,16,000
Objects of Issue
4 objectives
1
Capital Expenditure for setting up of New Strapping Line
12.04 Cr
2
Repayment of certain secured borrowings in full availed by our Company
3.75 Cr
3
General Corporate Expenses
1.10 Cr
4
Issue Expenses
1.04 Cr
Lead Managers & Market Maker
Book Running Lead Managers
Share India Capital Services Pvt.Ltd
Market Maker
Share India Securities Ltd.
IPO Timeline
Open
16 May
✓ Done
Close
19 May
✓ Done
Allotment
24 May
✓ Done
Listing
26 May
✓ Done
Registrar Details
Purva Sharegistry (India) Pvt.Ltd
SEBI Registered Registrar & Transfer Agent
Phone
+91-022-23018261/ 23016761
Email
support@purvashare.com
Company Contact
Email
cs@krishcastrapping.com
Phone
+91-9884111098
Address
Building 01B, LOGOS Mappedu Logistics Park Sathara, Thiruvallur Taluk, Thiruvallur, Tamil Nadu, 631203
Grey Market Premium
LIVE
Current GMP
+₹0
+0% vs Issue Price
Issue Price
₹54
Est. Listing
₹54
Lot Size
2,000 shares
P&L / Lot
+₹0
GMP is unofficial grey market data. Does not guarantee listing price or returns.
GMP Return Calculator
Estimated Listing
GMP %
Investment (1 Lot)
Total Investment
Expected P&L
ROI
GMP Updates
No GMP updates recorded yet. Every time the GMP changes, the date and time are saved here automatically.
Category-wise Subscription
Category Sub (×) Offered Bid For Amt (Cr)*
QIB — 15,08,000 (45.42%) — —
NII / HNI (Total) — 4,54,000 (13.67%) — —
Retail Investors — 10,58,000 (31.87%) — —
Market Maker * 1× 3,00,000 (9.04%) 3,00,000 (9.04%) ₹16.20 Cr
Total ** — 33,20,000 (100.00%) — —
* Based on ₹54.00 (upper price band)
NII / HNI Breakdown
Shares Reserved
QIB
15,08,000 (45.42%)
NII
4,54,000 (13.67%)
Retail
10,58,000 (31.87%)
Market Maker
3,00,000 (9.04%)
* Shares Offered and Total Amount are indicative. ** Excluding Market Maker portion. Data sourced from exchange bidding platform.
Day-wise Subscription
Day-wise subscription (Day 1, Day 2 ...) will appear here once the IPO is open and bidding numbers are recorded.
Financial Summary
Amount in ₹ Lakhs
Metric15-Feb-2331-Mar-2231-Mar-21
Revenue6351.231871.71971.05
PAT785.75150.54-67.25
EBITDA———
Net Worth945.26159.51-120.28
Total Assets2696.961544.001292.02
Reserves445.26-340.49-421.64
Borrowings1193.01939.281337.48
Key Financial Ratios
0.83
RONW
Return on Net Worth
15.71
Pre EPS
EPS Pre-Issue
3.43
Pre P/E
P/E Pre-Issue
About Krishca Strapping Solutions Ltd

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.

Frequently Asked Questions
What is the issue price of Krishca Strapping Solutions Ltd IPO?
The issue price of Krishca Strapping Solutions Ltd IPO is ₹54 per share, face value ₹10.
What is the lot size?
Minimum lot size is 2,000 shares, requiring ₹108,000.
What are the IPO dates?
Opens 16 May 2023, closes 19 May 2023.
When is the listing date?
Tentative listing: 26 May 2023 on NSE SME.
What is the current GMP?
Current GMP is +₹0, estimated listing ₹54 (+0%). GMP is unofficial.
How to apply?
Apply via ASBA through your bank, or via UPI through any broker app.

Check Allotment Status

Krishca Strapping Solutions Ltd IPO · Expected 24 May 2023

Check on Registrar
Post-IPO Timeline
Allotment Date
24 May 2023
Refund Initiation
25 May 2023
Demat Credit
26 May 2023
Listing Date
26 May 2023
Quick Facts
Closed
GMP Signal
Bullish
+₹0
+0%
Issue Price
₹54
Face ₹10
Lot Size
2,000
shares / lot
Min Amount
₹108,000
1 lot
Est. Listing
₹54
GMP +₹0
Key Dates
Open
16 May Done
Close
19 May Done
Listing
26 May Done
Registrar
Purva Sharegistry (India) Pvt.Ltd
A
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