Krishca Strapping IPO GMP, Review, Price, Allotment


Last updated on May 26, 2023

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
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
PE ratio
RONW (%)(3.48)0.580.94
Compiled by IPO Central from Prospectus

Krishca Strapping IPO GMP Today

DateConsolidated IPO GMPKostakSubject to Sauda
24 May 202370120,000
23 May 202370120,000
22 May 202370100,000
20 May 20236795,000
19 May 20235585,000
18 May 20234875,000
17 May 20233260,000
16 May 20233060,000
15 May 20232450,000
12 May 202320
11 May 202318
10 May 202312

Krishca Strapping IPO Subscription – Live Updates

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

A-15, Sector-64,
Noida –201301, UP, India
[email protected]

Krishca Strapping Offer Registrar

9, Shiv Shakti Industrial Estate, J. R. Boricha Marg,
Lower Parel (East) Mumbai 400011, Maharashtra
+91 022 2301 8261
[email protected]

Krishca Strapping Contact Details

Building 01b, Logos Mappedu Logistics Park Satharai Village,
Thiruvallur Taluk Thiruvallur District, Tamil Nadu 631203
Phone: +91 93449 91199
E-mail: [email protected]

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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