The Kalahridhaan Trendz date has been confirmed from February 15, 2024 and closes on February 20, 2024.
Kalahridhaan Trendz Developers IPO is a fixed price issue of Rs 22.49 crores. The price is ₹45 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹135,000. The minimum lot size investment for HNI is 2 lots (6,000 shares) amounting to ₹270,000.
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Bidding Dates
Feb 15-20
Price Range
₹45 per share
Face Value
₹10 per share
GMP
₹3
Kalahridhaan Trendz IPO GMP
The Kalahridhaan Trendz IPO GMP is ₹3.
IPO Overview
Kalahridhaan Trendz IPO is a fixed-price issuance worth Rs 22.49 crore. The issue is wholly new, with 49.98 lakh shares issued. Kalahridhaan Trendz’s initial public offering (IPO) will begin on February 15, 2024 and terminate on February 20, 2024. The allotment for Kalahridhaan Trendz IPO is expected to be completed on Wednesday, February 21, 2024. Kalahridhaan Trendz IPO will be listed on NSE SME, with a tentative listing date of Friday, February 23, 2024.
Kalahridhaan Trendz’s IPO price is ₹45 per share. The minimum lot size for an application is 3000 shares. The minimum investment for retail investors is ₹135,000. The minimum investment for HNI is 2 lots (6,000 shares) worth ₹270,000.
Kalahridhaan Trendz IPO Details
| IPO Date | February 15, 2024 to February 20, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹45 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 4,998,000 shares (aggregating up to ₹22.49 Cr) |
| Fresh Issue | 4,998,000 shares (aggregating up to ₹22.49 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 12,189,000 |
| Share holding post issue | 17,187,000 |
| Market Maker portion | 252,000 shares |
Kalahridhaan Trendz Limited Financial Information
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 10,979.30 | 10,962.55 | 10,297.94 | 5,979.36 |
| Revenue | 8,434.54 | 18,417.01 | 18,390.46 | 13,235.91 |
| Profit After Tax | 478.72 | 666.01 | 246.20 | 110.54 |
| Net Worth | 2,290.94 | 1,202.78 | 536.77 | 290.56 |
| Reserves and Surplus | 1,072.04 | 1,202.78 | 536.77 | 290.56 |
| Total Borrowing | 6,702.43 | 6,105.33 | 5,249.90 | 3,145.56 |
| Amount in ₹ Lakhs | ||||
Kalahridhaan Trendz IPO Timeline
| IPO Open Date | Thursday, February 15, 2024 |
| IPO Close Date | Tuesday, February 20, 2024 |
| Basis of Allotment | Wednesday, February 21, 2024 |
| Initiation of Refunds | Thursday, February 22, 2024 |
| Credit of Shares to Demat | Thursday, February 22, 2024 |
| Listing Date | Friday, February 23, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 20, 2024 |
Company Profile
Kalahridhaan Trendz Limited, a textile dyeing and processing firm, was launched in 2016. The company manufactures and trades embroidered fabrics, trades grey fabrics, buys grey fabrics, and prints and dyes suiting, shirting, and dress fabrics for the B2B market. The company’s manufacturing facility is in Ahmedabad, Gujarat, and has a capacity of 1.00 lakh metres per day. As of December 31, 2023, the company employs a total of 12 permanent employees across multiple departments.
The company has two divisions:
- Embroidery and knitting
- Dyeing and printing of cloths
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | ipo@bigshareonline.com |
| Website | ipo.bigshareonline.com |
Contact Details
| Name | Kalahridhaan Trendz Limited |
| Phone number | +91 6353302166 |
| Email ID | cs@kalahridhaan.com |
| Website | kalahridhaan.com |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
