Krishca Strapping IPO GMP, Review, Price, Allotment

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Krishca Strapping IPO GMP

Krishca Strapping IPO Description – Incorporated in 2017, Krishca Strapping Solutions is a manufacturer and wholesaler of Strapping Tools and Strapping Seal – in states with the highest steel-producing capacity in India: Odisha, Chhattisgarh, Jharkhand, Karnataka.

At its Chennai facility, heat-treated high-tensile steel straps are manufactured using
state-of-the-art equipment and supervised by expert metallurgists and engineers.

  • PLC Controlled automatic production line.
  • Automated heat treatment process-Uniform grain structure.
  • Pollution-free production process – Lead-free.
  • Super Jumbo coils upto 500 Kgs

The company’s steel strap quality parameters align with American, European, and Indian standards.

  • IS 5872:1990 – Cold rolled steel straps (box strappings) specification
  • ASTM D-3953 – Standard Specification for Strapping, Flat Steel, and Seals
  • BS EN 13246:2001 – Packaging. Specification for tensional steel strapping

In Chennai, the company has an integrated manufacturing facility specializing in the production of high-tensile steel straps with an annual capacity of 18,000 MT of Steel Strapping, and 65 million units of Steel Seals. Krishca Strapping also started exports of its products in FY 2022 to United Arab Emirates (UAE), Dubai and Saudi Arabia and exports contributed nearly 5% in the latest accounting period.

Krishca Strapping 2023

Promoters of Krishca Strapping – Mr. Lenin Krishnamoorthy Balamanikandan


Krishca Strapping IPO Details

Krishca Strapping IPO Dates16 – 19 May 2023
Krishca Strapping IPO PriceINR 51 – 54 per share
Fresh issue33,20,000 shares (INR 16.93 – 17.93 crores)
Offer For SaleNil
Total IPO size33,20,000 shares (INR 16.93 – 17.93 crores)
Minimum bid (lot size)2,000 Shares (INR 108,000)
Face Value INR 10 per share
Retail Allocation35%
Listing OnNSE SME

Krishca Strapping Financial Performance

 FY 2020FY 2021FY 2022Up to 15 Feb 2023
Revenue96.09941.051,861.126,341.34
Expenses322.681,038.301,7005,430.48
Net income(223.92)(67.25)150.54785.75
Figures in INR Lakhs unless specified otherwise

Krishca Strapping Offer News


Krishca Strapping Valuations & Margins

FY 2020FY 2021FY 2022
EPS(7.43)(2.33)3.01
PE ratio–––
RONW (%)(3.48)0.580.94
NAV2.13(3.99)3.19
EBITDA (%)NANA9.22
Compiled by IPO Central from Prospectus

Krishca Strapping IPO GMP Today

DateConsolidated IPO GMPKostakSubject to Sauda
24 May 202370–120,000
23 May 202370–120,000
22 May 202370–100,000
20 May 202367–95,000
19 May 202355–85,000
18 May 202348–75,000
17 May 202332–60,000
16 May 202330–60,000
15 May 202324–50,000
12 May 202320––
11 May 202318––
10 May 202312––

Krishca Strapping IPO Subscription – Live Updates

CategoryQIBNon-RetailRetailTotal
Shares Offered604,000754,0001,058,0002,416,000
19 May 202372.19378.21457.83336.57
18 May 20239.6472.24230.69125.98
17 May 20233.7830.67107.1657.44
16 May 20233.5112.3234.0719.64

Krishca Strapping Offer Lead Manager

SHARE INDIA CAPITAL SERVICES PVT. LTD.
A-15, Sector-64,
Noida –201301, UP, India
Phone:
+91-0120-4910000
Email: 
[email protected]
Website: 
www.shareindia.com


Krishca Strapping Offer Registrar

PURVA SHAREGISTRY INDIA PRIVATE LIMITED
9, Shiv Shakti Industrial Estate, J. R. Boricha Marg,
Lower Parel (East) Mumbai 400011, Maharashtra
Phone:
+91 022 2301 8261
E-mail: 
[email protected]
Website:
www.purvashare.com


Krishca Strapping Contact Details

KRISHCA STRAPPING SOLUTIONS LIMITED
Building 01b, Logos Mappedu Logistics Park Satharai Village,
Thiruvallur Taluk Thiruvallur District, Tamil Nadu 631203
Phone: +91 93449 91199
E-mail: [email protected]
Website: www.krishcastrapping.com


Krishca Strapping IPO Allotment Status

Krishca Strapping IPO allotment status is now available on Purva Sharegistry’s website. Click on this link to get allotment status.


Krishca Strapping IPO Dates & Listing Performance

IPO Opening Date16 May 2023
IPO Closing Date19 May 2023
Finalization of Basis of Allotment24 May 2023
Initiation of refunds25 May 2023
Transfer of shares to demat accounts26 May 2023
Krishca Strapping IPO Listing Date26 May 2023
Opening Price on NSE SMEINR 118.80 per share (up 120%)
Closing Price on NSE SMEINR 112.90 per share (up 109.07%)

Krishca Strapping IPO FAQs

What is the Krishca Strapping offer size?

Krishca Strapping offer size is INR 16.93 – 17.93 crores.

What is the Krishca Strapping IPO Price Band?

Krishca Strapping public offer price is INR 51 – 54 per share.

What is the lot size of the Krishca Strapping IPO?

Krishca Strapping offer a lot of size 2,000 shares.

What is Krishca Strapping IPO GMP today?

Krishca Strapping IPO GMP today is INR 70 per share.

What is the Krishca kostak rate today?

Krishca Strapping kostak rate today is NA per application.

What is Krishca Subject to Sauda rate today?

Krishca Strapping Subject to Sauda rate today is INR 120,000 per application.

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