Kalahridhaan Trendz Limited IPO is set to launch on 15 February, 2023. The company initiated its business operations in the year 2016. It is involved in the business of dyes and it processes textiles. The company specialises in making fabrics with embroidery. It manufactures and trades fabrics with embroidery, buying of grey fabrics, trading of grey fabrics, printing and dying of shirtings, suiting and dress fabrics. The manufacturing facility of the company is located in Ahmedabad and has a capacity of 1 lakh metres of cloth per day. The employee base of the company is 12 people.
Kalahridhaan Trendz Limited IPO DETAILS
Kalahridhaan Trendz Limited IPO is set to launch on 15 February, 2023. The subscription timeline extends till 20 February, 2023. The size for the IPO is 22.49 Crore Rs. Shares issued through fresh issue mode are worth Rs 22.49 Crore. No shares are issued through offer for sale mode. The lot size is 3000 shares and the price is 45 Rs per share. The company is going to get listed at NSE SME. The face value per share is Rs.10 and this is a Fixed Price Issue. The registrar for the company is BigShare Services Private Limited.
Tabular Description of Kalahridhaan Trendz Limited IPO
| IPO OPENING DATE | 15 February, 2023 |
| CLOSING DATE FOR IPO | 20 February, 2023 |
| ISSUE TYPE | Fixed Price Issue |
| Face Value per share | 10 Rs. per share |
| IPO price band | 45 Rs per share |
| LOT SIZE | 3000 shares |
| MINIMUM ORDER QUANTITY | 3000 shares |
| ISSUE SIZE | 22.49 Crore Rs. |
| OFFER FOR SALE | No shares are issued through offer for sale mode |
| FRESH ISSUE | 22.49 Crore Rs. |
| LISTING AT | NSE SME |
| LISTING DATE | 23 February, 2023 |
Kalahridhaan Trendz Limited IPO : IMPORTANT DATES
| IPO OPENING DATE | 15 February, 2023 |
| CLOSING DATE FOR IPO | 20 February, 2023 |
| IPO ALLOTMENT DATE | 21 February, 2023 |
| REFUNDS | 22 February, 2023 |
| DEMAT A/C CREDITED ON | 22 February, 2023 |
| IPO LISTING DATE | 23 February, 2023 |
Kalahridhaan Trendz Limited IPO begins for subscription from 15 February, 2023. The IPO subscription would continue till 20 February, 2023. The allotment status for the shareholders who applied would come on 21 February, 2023. The refunds for the ones who did not get allotment would be initiated on 22 February, 2023. The DEMAT accounts of shareholders would be credited on 22 February, 2023. The listing of the company would be completed on 23 February, 2023.
Kalahridhaan Trendz Limited IPO : Lead Managers
The lead managers are :
- Interactive Financial Services Limited
The minimum lot size for the company is decided at 3000 shares. This holding accounts to 135000 Rs.. The maximum lot size is decided at 6000 shares (HNI). This amounts to 270000 Rs.. Hence the company’s final holdings would be set as :
| Shares | Amount | |
| Minimum | 3000 shares | 135000 Rs. |
| Maximum | 6000 shares | 270000 Rs. |
OBJECTIVES FOR THE IPO
- IPO proceeds would be used for general corporate purposes.
- The company will use the IPO money for further working capital requirements.
COMPANY FINANCIALS
| Particularly (in Lakh Rs.) | 2020-21 | 2021-22 | 2022-23 |
| Asset | 5979 | 10297 | 10962 |
| Revenue | 13235 | 18390 | 18417 |
| PAT | 110 | 246 | 666 |
Kalahridhaan Trendz Limited had an asset base of 5979 Lakh Rs in 2021. This increased to 10297 lakh Rs in 2022. The asset base of the firm was 10962 Lakh Rs in 2023. The revenue of the firm was 13235 lakh Rs in 2021. This increased to 18390 Lakh Rs in 2022. The revenue of the firm was 18417 Lakh Rs in 2023. The profit of the firm was 110 Lakh Rs in 2021. This jumped to 246 Lakh Rs in 2022. The profit of the firm was 666 Lakh Rs in the year 2023.
PROS
- The company specialises in making fabrics with embroidery.
- It manufactures and trades fabrics with embroidery, buying of grey fabrics, trading of grey fabrics, printing and dying of shirtings, suiting and dress fabrics.
- The manufacturing facility of the company is located in Ahmedabad and has a capacity of 1 lakh metres of cloth per day.
- The employee base of the company is 12 people.
Kalahridhaan Trendz Limited IPO Application Process with Zerodha
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
- Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
- Click the Kalahridhaan Trendz Limited IPO button and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the IPO.
- Visiting the application of UPI for approving the transaction.
Now, applying for an IPO online is possible with most of the Discount and online brokers.
