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Open
16 May 2023
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Close
19 May 2023
3
Allotment
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Listing
Fri, May 26, 2023
Price Band
₹51 to ₹54
Issue Size
33,20,000 shares (agg. up to ₹18 Cr)
Lot Size
2,000 Shares
Listing Date
Fri, May 26, 2023
Latest GMP
₹68
Est. Gain
125.93%
✦ AI Insight
GMP Trend
26-05-2023₹68Est. ₹122+125.93%
25-05-2023₹65Est. ₹119+120.37%
24-05-2023₹72Est. ₹126+133.33%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 264.58x |
Restated Financials (₹ Cr.)
| Period Ended | 15 Feb 2023 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 26.97 | 15.44 | 12.92 | 9.16 |
| Total Income | 63.51 | 18.72 | 9.71 | 0.98 |
| Profit After Tax | 7.86 | 1.51 | -0.67 | -2.24 |
| NET Worth | 9.45 | 1.60 | -1.20 | 0.64 |
| Reserves and Surplus | 4.45 | -3.40 | -4.22 | -2.37 |
| Total Borrowing | 11.93 | 9.39 | 13.37 | 8.27 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| De Neers Tools Ltd. | SME | ₹22.99 Cr | ₹101 | null | ₹180.50 | +78.71% | ₹196.45 (+0.74%) |
| Pattech Fitwell Tube Components Ltd. | SME | ₹12.00 Cr | ₹50 | 46.73 | ₹57.75 | +15.50% | ₹114.85 (-1.71%) |
| Maiden Forgings Ltd. | SME | ₹23.84 Cr | ₹63 | 8.38 | ₹59.86 | -4.98% | ₹90.50 (+1.17%) |
| Quality Foils (India) Ltd. | SME | ₹4.52 Cr | ₹60 | 4.16 | ₹97.70 | +62.83% | ₹60.00 (-1.40%) |
| Earthstahl & Alloys Ltd. | SME | ₹12.96 Cr | ₹40 | 4.22 | ₹57.75 | +44.38% | ₹14.92 (+0.00%) |
| Swastik Pipe Ltd. | SME | ₹62.52 Cr | ₹100 | 11.38 | ₹69.30 | -30.70% | ₹17.10 (+4.91%) |
| Rhetan TMT Ltd. | SME | ₹56.00 Cr | ₹70 | 63.64 | ₹66.50 | -5.00% | ₹30.88 (+2.29%) |
| Mangalam Worldwide Ltd. | SME | ₹65.58 Cr | ₹101 | 20.12 | ₹102.55 | +1.53% | ₹36.65 (-0.54%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Capital Expenditure for setting up of New Strapping Line | 12.04 |
| 2 | Repayment of certain secured borrowings in full availed by our Company | 3.75 |
| 3 | General Corporate Expenses | 1.10 |
| 4 | Issue Expenses | 1.04 |
About Krishca Strapping Solutions IPO
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.+ Read More
Contact Details
Krishca Strapping Solutions Ltd. AddressBuilding 01BLOGOS Mappedu Logistics Park SatharaThiruvallur TalukThiruvallur, Tamil Nadu, 631203+91-9884111098cs@krishcastrapping.comVisit Website