Last updated on May 26, 2023
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.
Promoters of Krishca Strapping – Mr. Lenin Krishnamoorthy Balamanikandan
Krishca Strapping IPO Details
| Krishca Strapping IPO Dates | 16 – 19 May 2023 |
| Krishca Strapping IPO Price | INR 51 – 54 per share |
| Fresh issue | 33,20,000 shares (INR 16.93 – 17.93 crores) |
| Offer For Sale | Nil |
| Total IPO size | 33,20,000 shares (INR 16.93 – 17.93 crores) |
| Minimum bid (lot size) | 2,000 Shares (INR 108,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE SME |
Krishca Strapping Financial Performance
| Â | FY 2020 | FY 2021 | FY 2022 | Up to 15 Feb 2023 |
| Revenue | 96.09 | 941.05 | 1,861.12 | 6,341.34 |
| Expenses | 322.68 | 1,038.30 | 1,700 | 5,430.48 |
| Net income | (223.92) | (67.25) | 150.54 | 785.75 |
Krishca Strapping Offer News
- Krishca Strapping RHP
- Krishca Strapping Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Krishca Strapping Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | (7.43) | (2.33) | 3.01 |
| PE ratio | – | – | – |
| RONW (%) | (3.48) | 0.58 | 0.94 |
| NAV | 2.13 | (3.99) | 3.19 |
| EBITDA (%) | NA | NA | 9.22 |
Krishca Strapping IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 24 May 2023 | 70 | – | 120,000 |
| 23 May 2023 | 70 | – | 120,000 |
| 22 May 2023 | 70 | – | 100,000 |
| 20 May 2023 | 67 | – | 95,000 |
| 19 May 2023 | 55 | – | 85,000 |
| 18 May 2023 | 48 | – | 75,000 |
| 17 May 2023 | 32 | – | 60,000 |
| 16 May 2023 | 30 | – | 60,000 |
| 15 May 2023 | 24 | – | 50,000 |
| 12 May 2023 | 20 | – | – |
| 11 May 2023 | 18 | – | – |
| 10 May 2023 | 12 | – | – |
Krishca Strapping IPO Subscription – Live Updates
| Category | QIB | Non-Retail | Retail | Total |
| Shares Offered | 604,000 | 754,000 | 1,058,000 | 2,416,000 |
| 19 May 2023 | 72.19 | 378.21 | 457.83 | 336.57 |
| 18 May 2023 | 9.64 | 72.24 | 230.69 | 125.98 |
| 17 May 2023 | 3.78 | 30.67 | 107.16 | 57.44 |
| 16 May 2023 | 3.51 | 12.32 | 34.07 | 19.64 |
Krishca Strapping Offer Lead Manager
SHARE INDIA CAPITAL SERVICES PVT. LTD.
A-15, Sector-64,
Noida –201301, UP, India
Phone: +91-0120-4910000
Email:Â [email protected]
Website:Â 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:Â [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 Date | 16 May 2023 |
| IPO Closing Date | 19 May 2023 |
| Finalization of Basis of Allotment | 24 May 2023 |
| Initiation of refunds | 25 May 2023 |
| Transfer of shares to demat accounts | 26 May 2023 |
| Krishca Strapping IPO Listing Date | 26 May 2023 |
| Opening Price on NSE SME | INR 118.80 per share (up 120%) |
| Closing Price on NSE SME | INR 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.
