Krishna Defence IPO description – Krishna Defence is engaged in manufacturing defence application products, dairy equipment products and kitchen equipment. The company has entered into various licensing agreement with Defence Research and Development Organisation (DRDO) for obtaining the know-how and rights which enable it to manufacture and supply specialized defence application products for the Indian Armed Forces. Under defence application, it provides a wide array of high-performance products for naval applications and other utilities such as ship building steel bulb bar, special steel alloy bricks used as ballast weight for critical applications, super alloys weld consumables like welding wire, flux and electrodes, food container & improved space heating device.
In 1997, the company started its operations in the dairy equipment manufacturing, gradually adding products such as stainless-steel milk Cans, Milk Cooling Tanks or Bulk Milk Coolers, Milking Machine, Cow Brooming Brush and Robotic Milk Collection Unit. The company acquired patent for invention of automated milk analysis and collection apparatus called Robotic Milk Collection Unit (RMCU) up to 2035.
In 2010, the company expanded into the business of manufacturing Kitchen Equipment and commenced manufacturing of Bulk Cooking Equipment like Rice Cauldron, Dal Cauldron, Braising Pan, Distribution Vessels, Rice Chute, Dal Storage Tank. In 2020, the company also forayed in a new business vertical of manufacturing and marketing of Homeland & Security products, wherein it plans to manufacture Modular Vehicle Barrier, Automatic tyre Killer, Multi-purpose Launcher and Long-Range LED Searchlight used by the Indian Armed Forces.
It has two manufacturing facilities in Gujarat, located at Kalol and Halol district near Vadodara.
Promoters of Krishna Defence and Allied Industries – Ankur Ashwin Shah
Krishna Defence IPO Details
| Subscription Dates | 25 – 29 March 2022 |
| Price Band | INR37 – 39 per share |
| Fresh issue | 3,048,000 shares (INR11.28 – 11.89 crore) |
| Offer For Sale | Nil |
| Total IPO size | 3,048,000 shares (INR11.28 – 11.89 crore) |
| Minimum bid (lot size) | 3,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 35% |
| Listing On | NSE Emerge |
Krishna Defence’s Financial Performance
| Â | FY2019 | FY2020 | FY2021 | H1 FY2022 |
| Revenue | 5,890.85 | 2,572.37 | 3,618.84 | 2,098.20 |
| Expenses | 5,602.55 | 2,458.94 | 3,356.64 | 1,931.94 |
| Net income | 206.44 | 74.61 | 193.65 | 122.12 |
Krishna Defence Offer News
Krishna Defence Offer Valuation (as of FY2021)
Earnings Per Share (EPS): INR2.31
Pre-IPO Price/Earnings (PE ratio): 16.02 – 16.88
Return on Net Worth (RONW): 10.74%
Net Asset Value (NAV): INR21.46 per share
Krishna Defence IPO GMP Daily Trend
| Date | Krishna Defence IPO GMP | Kostak | Subject to Sauda |
| 1 Apr 2022 | – | – | INR15,000 |
| 31 Mar 2022 | – | – | INR15,000 |
| 30 Mar 2022 | – | – | INR20,000 |
| 29 Mar 2022 | – | – | INR20,000 |
| 28 Mar 2022 | – | – | INR20,000 |
| 26 Mar 2022 | – | – | INR20,000 |
| 25 Mar 2022 | – | – | INR20,000 |
| 24 Mar 2022 | – | – | INR15,000 |
Krishna Defence IPO Subscription – Live Updates
| Category | Non-retail | Retail | Total |
| Shares Offered | 15,24,000 | 15,24,000 | 30,48,000 |
| Day 1 | 1.48 | 12.37 | 6.93 |
| Day 2 | 4.73 | 34.41 | 19.57 |
| Day 3 | 54.01 | 88.01 | 71.01 |
Krishna Defence Offer Registrar
Bigshare Services Private Limited
1st Floor, Bharat Tin Works Building,
Makwana Road, Marol,
Andheri East, Mumbai – 400 059, Maharashtra
Phone:Â +91 22 6263 8200
Fax. No.:Â +91 22 6263 8280
Email:Â [email protected]
Website:Â www.bigshareonline.com
Krishna Defence Contact Details
Krishna Defence and Allied Industries Limited
344, Floor-3, Plot-267,
A To Z Industrial Estate,
Ganapatrao Kadam Marg,
Lower Parel, Delisle Road,
Mumbai, Maharashtra, 400013
Phone:Â +91 22 4220 3800/99
Email:Â [email protected]
Website:Â www.krishnaallied.com
Krishna Defence IPO Allotment Status
Krishna Defence IPO allotment is now available on Bigshare Services’ website. Click on this link to get allotment status.
Krishna Defence IPO Timetable
| IPO Opening Date | 25 March 2022 |
| IPO Closing Date | 29 March 2022 |
| Finalisation of Basis of Allotment | 1 April 2022 |
| Initiation of refunds | 4 April 2022 |
| Transfer of shares to demat accounts | 5 April 2022 |
| Listing Date | 6 April 2022 |
| Opening Price on NSE | INR75 per share (up 92.31% from IPO price) |
| Closing Price on NSE | INR78.75 per share (up 101.92% from IPO price) |
Krishna Defence IPO FAQs
What is Krishna Defence offer size?
Krishna Defence offer size is INR11.28 – 11.89 crore.
What is Krishna Defence IPO Price Band?
Krishna Defence public offer price is INR37 – 39 per share.
What is the lot size of Krishna Defence IPO?
Krishna Defence offer lot size and the minimum order is 3,000 shares.
What is Krishna Defence IPO GMP today?
Krishna Defence IPO GMP today is NA per share.
What is Krishna Defence kostak rate today?
Krishna Defence kostak rate today is NA per application.
What is Krishna Defence Subject to Sauda rate today?
Krishna Defence Subject to Sauda rate today is NA per application.
