Krishca Strapping Solutions Limited IPO (Krishca Strapping Solutions IPO) Detail

Incorporated in 2017, Krishca Strapping Solutions Limited is a manufacturer and wholesaler of Strapping Tools and Strapping Seal.

The company has a manufacturing facility in Chennai with a capacity of 18,000 MT of steel straps and 80 million Seals per annum.

Krishca Strapping Solutions' product range includes:

• PLC Controlled automatic production line.

• Automated heat treatment process-Uniform grain structure.

• Pollution-free production process - Lead-free.

• Super Jumbo coils upto 500 Kg

The steel strap quality requirements of the company are in compliance with American, European, and Indian standards. That is IS 5872:1990 - Cold rolled steel straps (box strappings) specification; ASTM D-3953 - Standard Specification for Strapping, Flat Steel and Seals; and BS EN 13246:2001 - Packaging.

Krishca Strapping Solutions has a team of 50 employees working for them.

Krishca Strapping Solutions IPO Details

Krishca Strapping Solutions IPO is a Book Built Issue. The IPO total issue size is Rs 17.93 Cr. The Krishca Strapping Solutions IPO price is ₹51 to ₹54 per share. The IPO will list on NSE SME.

IPO Date	May 16, 2023 to May 19, 2023
Listing Date	May 26, 2023
Face Value	₹10 per share
Price	₹51 to ₹54 per share
Lot Size	2000 Shares
Total Issue Size	3,320,000 shares (aggregating up to ₹17.93 Cr)
Fresh Issue	3,320,000 shares (aggregating up to ₹17.93 Cr)
Issue Type	Book Built Issue IPO
Listing At	NSE SME
Share holding pre issue	8,750,000
Share holding post issue	12,070,000
Market Maker portion	300,000 shares

Krishca Strapping Solutions IPO Reservation

Krishca Strapping Solutions IPO a total of 3,620,000 shares are offered. QIB: 1,208,000 (33.37%), RII: 845,600 (23.36%), NII: 362,400 (10.01%).

Anchor Investor Shares Offered	904,000 (24.97%)
Market Maker Shares Offered	300,000 (8.29%)
QIB Shares Offered	1,208,000 (33.37%)
NII (HNI) Shares Offered	362,400 (10.01%)
Retail Shares Offered	845,600 (23.36%)
Total Shares Offered	3,620,000 (100%)

Krishca Strapping Solutions IPO Timetable (Tentative)

Krishca Strapping Solutions IPO opens on May 16, 2023, and closes on May 19, 2023.

IPO Open Date	Tuesday, 16 May 2023
IPO Close Date	Friday, 19 May 2023
Basis of Allotment	Wednesday, 24 May 2023
Initiation of Refunds	Thursday, 25 May 2023
Credit of Shares to Demat	Friday, 26 May 2023
Listing Date	Friday, 26 May 2023
Cut-off time for UPI mandate confirmation	5 PM on May 19, 2023

Krishca Strapping Solutions IPO Lot Size

The minimum lot size of this Krishca Strapping Solutions IPO is 2000 shares required is ₹108,000.

Application	Lots	Shares	Amount
Retail (Min)	1	2000	₹108,000
Retail (Max)	1	2000	₹108,000
HNI (Min)	2	4,000	₹216,000

Krishca Strapping Solutions IPO Promoter Holding

Mr. Lenin Krishnamoorthy Balamanikandan is the company promoter.

Pre Issue Share Holding	86.34%
Post Issue Share Holding	62.6%

Company Financials

Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	915.75	98.15	-223.92	64.34	-237.02	827.36
31-Mar-21	1,292.02	971.05	-67.25	-120.28	-421.64	1,337.48
31-Mar-22	1,544.00	1,871.71	150.54	159.51	-340.49	939.28
15-Feb-23	2,696.96	6,351.23	785.75	945.26	445.26	1,193.01
Amount in ₹ Lakhs

Key Performance Indicator

Krishca Strapping Solutions IPO Market Cap is Rs 65.18 Cr and P/E (x) is 3.43.

KPI	Values
P/E (x)	3.43
Market Cap (₹ Cr.)	65.18
EPS (Rs)	15.71
RoNW	0.83%