Labelkraft Technologies Limited IPO : Company Info.

Labelkraft Technologies Limited IPO is set to launch on 13 March, 2023. The company recently initiated its business operations in the year 2022. It provides barcode solutions to the various segments of business. Its major customers include companies from segments like logistics services providers, FMCG, garments, chemicals etc. The company provides its customers with various solutions depending to the customer requirements. It includes printing barcode ribbons, product labels, barcode labels, scanners, barcode printers, patient wrist bands, ID Card Printing products, Self Adhesive tape products, RFID Products etc.

It is supplying its major chunk of products to logistics and industrial packaging companies in the current phase. The shareholding percentage of promoters before the IPO was 99.71% which will be close to 73.16% after the IPO proceeds. 

Labelkraft Technologies Limited IPO DETAILS

Labelkraft Technologies Limited IPO is set to launch on 13 March., 2023. The subscription timeline extends till 15 March, 2023. The size for the IPO is 4.75 Crore Rs. Shares issued through fresh issue mode are worth 4.75 Crore Rs. No Shares are issued through offer for sale mode. The lot size is 2000 shares and the price is 55 Rs per share. The company is going to get listed at BSE 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 Labelkraft Technologies Limited IPO 

IPO OPENING DATE 13 March., 2023
CLOSING DATE FOR IPO 15 March, 2023
ISSUE TYPE Fixed Price Issue
Face Value per share 10 Rs. per share
IPO price band 55 Rs per share
LOT SIZE 2000 shares
MINIMUM ORDER QUANTITY 2000 shares
ISSUE SIZE 4.75 Crore Rs.
OFFER FOR SALE No shares are issued through offer for sale mode.
FRESH ISSUE 4.75 Crore Rs.
LISTING AT BSE SME
LISTING DATE 23 March, 2023

Labelkraft Technologies Limited IPO : IMPORTANT DATES

IPO OPENING DATE 13 March., 2023
CLOSING DATE FOR IPO 15 March., 2023
IPO ALLOTMENT DATE 20 March, 2023
REFUNDS 21 March, 2023
DEMAT A/C CREDITED ON 22 March, 2023
IPO LISTING DATE 23 March, 2023

Labelkraft Technologies Limited IPO begins for subscription from 13 March., 2023. The IPO subscription would continue till 15 March, 2023. The allotment status for the shareholders who applied would come on 20 March, 2023. The refunds for the ones who did not get allotment would be initiated on 21 March, 2023. The DEMAT accounts of shareholders would be credited on 22 March, 2023. The listing of the company would be accompanied on 23 March, 2023.

Labelkraft Technologies Limited IPO : Lead Managers

The lead managers are :

  • Hem Securities Limited

The minimum lot size for the company is decided at 2000 shares. This holding accounts to  110000 Rs.. The maximum lot size is decided at 4000 shares (HNI). This amounts to 220000 Rs.. Hence the company’s final holdings would be set as :

  Shares Amount
Minimum 2000 shares 110000 Rs.
Maximum 4000 shares 220000 Rs.

OBJECTIVES FOR THE IPO

  • IPO proceeds would be used for general corporate purposes.
  • The money raised will be also utilised for the working capital requirements for film production.
  • Labelkraft Technologies Limited needs to set up additional plant and machinery for expansion. Hence the IPO money will be utilised for the same purposes.

COMPANY FINANCIALS

Particularly (in Lakh Rs.) Nov. 2022
ASSETS 12090
Revenue 2717
PAT 338

PROS

  • Labelkraft Technologies Limited’s major customers include companies from segments like logistics services providers, FMCG, garments, chemicals etc. 
  • Labelkraft Technologies Limited has a varied product portfolio. It provides its customers with various solutions depending to the customer requirements. The company includes printing barcode ribbons, product labels, barcode labels, scanners, barcode printers, patient wrist bands, ID Card Printing products, Self Adhesive tape products, RFID Products etc.
  • It is supplying its major chunk of products to logistics and industrial packaging companies in the current phase.

CONS

  • Labelkraft Technologies Limited has recently initiated its business operations though it was previously run under the name Solanki enterprises. Though it has experience, the competition in the market from small manufacturers who have already penetrated the segment is going to raise serious complications for the company. Hence the pricing for the IPO seems a bit high.

Labelkraft Technologies 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 Labelkraft Technologies 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.

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