Krishca Strapping’s initial public offering (IPO) date is currently set for May 16, 2023. Krishca Strapping is an NSE SME IPO that will raise 17.93 crores via the IPO. The pricing band for the Krishca Strapping IPO is set at 51 to 54, with a market lot of 2000 shares.
Krishca Strapping Solutions Limited is a Strapping Tool and Strapping Seal producer. They generate steel straps for a variety of uses. Their straps have outstanding physical and geometrical features that ensure the safe and secure transportation of your items.
In Chennai, they have a manufacturing facility. They have an annual production capacity of 18,000 MT of steel straps and 80 million Seals. They have a team of fifty individuals working for them. Heat-treated high-tensile steel straps are manufactured at their plant using cutting-edge technology and under the supervision of skilled metallurgists and engineers.
Objectives of the IPO Issue:
- Capital Expenditure for setting up of New Strapping Line
- Full repayment of certain secured financing
- General corporate expenses and issue expenses
Krishca Strapping IPO GMP Live Rates day by day with Kotak rates.
| Date | GMP | Kostak | Subject to |
|---|---|---|---|
| Today | ₹45 | ₹- | ₹80000 |
| 17 May | ₹45 | ₹- | ₹80000 |
| 16 May | ₹30 | ₹- | ₹60000 |
| 15 May | ₹30 | ₹- | ₹60000 |
| 13 May | ₹30 | ₹- | ₹60000 |
| 12 May | ₹30 | ₹- | ₹15000 |
| 11 May | ₹10 | ₹- | ₹15000 |
| 10 May | ₹10 | ₹- | ₹15000 |
| 9 May | ₹- | ₹- | ₹- |
Krishca Strapping IPO Date & Price Band Details
| IPO Open: | May 16, 2023 |
| IPO Close: | May 19, 2023 |
| IPO Size: | Approx ₹17.93 Crores, 3,320,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹51 to ₹54 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 35% of the net offer |
| QIB Quota: | 50% of the net offer |
| NII Quota: | 15% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors in IPO: | Click Here |
Krishca Strapping IPO Market Lot
The Krishca Strapping IPO minimum market lot is 2000 shares with a ₹108,000 application amount.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 2000 | ₹108,000 |
| Retail Maximum | 1 | 2000 | ₹108,000 |
| S-HNI Minimum | 2 | 4000 | ₹216,000 |
Krishca Strapping IPO Dates
The Krishca Strapping IPO date is May 16 and the IPO close date is May 19. The IPO allotment date is May 24 and the IPO might list on May 29.
| IPO Open Date: | May 16, 2023 |
| IPO Close Date: | May 19, 2023 |
| Basis of Allotment: | May 24, 2023 |
| Refunds: | May 25, 2023 |
| Credit to Demat Account: | May 26, 2023 |
| IPO Listing Date: | May 29, 2023 |
Krishca Strapping IPO Form
How to apply Krishca Strapping IPO? You can apply Krishca Strapping IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Krishca Strapping IPO in the Invest section. The other option you can apply Krishca Strapping IPO via IPO forms download via the NSE website. Check out the Krishca Strapping forms.
Krishca Strapping Company Financial Report
| (₹ in Crores) | |||
| Year | Revenue | Expense | PAT |
| 2020 | ₹0.98 | ₹3.23 | ₹2.24 |
| 2021 | ₹9.71 | ₹10.38 | ₹0.67 |
| 2022 | ₹18.72 | ₹17.00 | ₹1.51 |
| Feb 15, 2023 | ₹63.51 | ₹54.30 | ₹7.86 |
Krishca Strapping IPO Valuation – FY2022
Check out the details of Krishca Strapping IPO valuations like Revenue Per Share (EPS), Price/Earnings P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV).
| Earning Per Share (EPS): | ₹3.01 per Equity Share |
| Price/Earning P/E Ratio: | NA |
| Return on Net Worth (RoNW): | 0.94% |
| Net Asset Value (NAV): | ₹3.19 per Equity Share |
Peer Group
- Usha Martin Ltd
- Metal Coatings India Ltd
Company Promoters
- MR. LENIN KRISHNAMOORTHY BALAMANIKANDAN
Krishca Strapping IPO Registrar
Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com
Website: http://www.purvashare.com
Company Address
Krishca Strapping Solutions Limited
Building 01B,
LOGOS Mappedu Logistics Park Sathara,
Thiruvallur Taluk Thiruvallur District – 631203
Phone: +91-9884111098
Email: cs@krishcastrapping.com
Website: http://www.krishcastrapping.com
Krishca Strapping IPO Lead Managers aka Merchant Bankers
- Share India Capital Services Private Limited
Krishca Strapping IPO FAQs
Q1. What is Krishca Strapping IPO?
Ans. Krishca Strapping IPO is an NSE SME IPO. They are going to raise ₹17.93 Crores via IPO. The issue is priced at ₹51 to ₹54 per equity share. The IPO is to be listed on NSE.
Q2. When Krishca Strapping IPO will open?
Ans. The IPO is to open on May 16, 2023 for QIB, NII, and Retail Investors.
Q3. What is Krishca Strapping IPO Investors Portion?
Ans. The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
Q4. How to Apply the Krishca Strapping IPO?
Ans. You can apply Krishca Strapping IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
Q5. How to Apply the Krishca Strapping IPO through Zerodha?
Ans. Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Krishca Strapping”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
Q6. How to Apply the Krishca Strapping IPO through Upstox?
Ans. Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Krishca Strapping”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
Q7. How to Apply the Krishca Strapping IPO through Paytm Money?
Ans. Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “Krishca Strapping”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
Q8. What is Krishca Strapping IPO Size?
Ans. Krishca Strapping IPO size is ₹17.93 crores.
Q9. What is Krishca Strapping IPO Price Band?
Ans. Krishca Strapping IPO Price Band is ₹51 to ₹54 per equity share.
Q10. What is Krishca Strapping IPO Minimum and Maximum Lot Size?
Ans. The IPO bid is 2000 shares with ₹108,000.
Q11. What is Krishca Strapping IPO Allotment Date?
Ans. Krishca Strapping IPO allotment date is May 24, 2023.
Q12. What is Krishca Strapping IPO Listing Date?
Ans. Krishca Strapping IPO listing date is May 29, 2023. The IPO to list on NSE SME.
