Krishca Strapping Solutions Limited IPO : Key Information

Krishca Strapping Solutions Limited IPO is set to launch on 16 May, 2023. The company initiated its business operations in the year 2017. It is involved in the business of manufacturing and wholesale of Strapping tools and Strapping seals. Its product portfolio includes Super Jumbo Coils upto 500 kg, Automated heat treatment process – Uniform Grain Structure, PLC Controlled Automatic production line and Pollution free production process – Lead Free. 

Its manufacturing facility is located in Chennai. It has an annual capacity of 18000 Metric Tonnes and 80 Million Seals per annum. The company’s products are in accordance with Indian, American and European Standards. The company has a total of 50 employees.

Krishca Strapping Solutions Limited IPO DETAILS

Krishca Strapping Solutions Limited IPO is set to launch on. 16 May, 2023. The subscription timeline extends till 19 May, 2023. The size for the IPO is 17.93 Crore Rs. Shares issued through fresh issue mode are worth 17.93 Crore Rs. No Shares are issued through offer for sale mode. The lot size is 1600 shares and the price is 51 to 54 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 Book Built issue. The registrar for the company is Purva Sharegistry India Private Limited. 

Tabular Description of Krishca Strapping Solutions Limited IPO

IPO OPENING DATE	16 May , 2023
CLOSING DATE FOR IPO	19 May , 2023
ISSUE TYPE	Book Built Issue
Face Value per share	10 Rs. per share
IPO price band	51 to 52 Rs per share
LOT SIZE	2000 shares
MINIMUM ORDER QUANTITY	2000 shares
ISSUE SIZE	17.93 Crore Rs.
OFFER FOR SALE	No shares are issued through offer for sale mode.
FRESH ISSUE	17.93 Crore Rs.
LISTING AT	NSE SME
LISTING DATE	29 May, 2023

Krishca Strapping Solutions Limited IPO : IMPORTANT DATES

IPO OPENING DATE	16 May., 2023
CLOSING DATE FOR IPO	19 May., 2023
IPO ALLOTMENT DATE	24 May., 2023
REFUNDS	25 May., 2023
DEMAT A/C CREDITED ON	26 May., 2023
IPO LISTING DATE	29 May., 2023

Krishca Strapping Solutions Limited IPO begins for subscription from 16 May., 2023. The IPO subscription would continue till 19 May., 2023. The allotment status for the shareholders who applied would come on 24 May., 2023. The refunds for the ones who did not get allotment would be initiated on 25 May., 2023. The DEMAT accounts of shareholders would be credited on 26 May., 2023. The listing of the company would be accompanied on 29 May., 2023.

Krishca Strapping Solutions Limited IPO : Lead Managers

The lead managers are :

• Share India Capital Services Private Limited

The minimum lot size for the company is decided at 2000 shares. This holding accounts to 108000 Rs.. The maximum lot size is decided at 4000 shares (HNI). This amounts to 216000 Rs.. Hence the company’s final holdings would be set as :

	Shares	Amount
Minimum	2000 shares	108000 Rs.
Maximum	4000 shares	216000 Rs.

OBJECTIVES FOR THE IPO

• IPO proceeds would be used for general corporate purposes.
• The company is planning to set up a new strapping line for which the IPO money will be utilised.
• The IPO Money will also be used For payment of borrowings.

COMPANY FINANCIALS

Particularly (in Lakh Rs.)	2019-20	2020-21	2021-22
ASSETS	915	1292	1544
Revenue	98	971	1871
PAT	(- 223)	(- 67)	151

Krishca Strapping Solutions Limited had an asset base of 915 Lakh Rs in 2020. This increased to 1292 Lakh Rs in 2021 and 1544 Lakh Rs in 2022. However the revenue of the firm has been struggling a bit in early stages. The revenue was 98 Lakh Rs in 2020. After this it took a mighty jump of 971 Lakh Rs in 2021 and 1871 Lakh Rs in 2022. The company has been incurring losses in 2020 and 2021 at 223 Lakh Rs and 67 Lakh Rs respectively. The company made a profit of 151 Lakh Rs in 2022.

PROS

• Its product portfolio includes Super Jumbo Coils upto 500 kg, Automated heat treatment process – Uniform Grain Structure, PLC Controlled Automatic production line and Pollution free production process – Lead Free.
• Its manufacturing facility is located in Chennai. It has an annual capacity of 18000 Metric Tonnes and 80 Million Seals per annum.
• The company’s products are in accordance with Indian, American and European Standards. The company has a total of 50 employees.

CONS

• The company works into a very competitive segment.

Krishca Strapping Solutions 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 :

1. Logging into Zerodha console through its website or KITE platform.
2. Clicking the IPO link present in the Portfolio section.
3. Click the Krishca Strapping Solutions Limited IPO button and press the BID button.
4. Entering the details asked for like UPI ID, Quantity and price.
5. Submit the application form for the IPO.
6. 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.