Kranti Industries IPO description – Kranti Industries is engaged in the business of manufacturing and supplying of precision machined components. Established in 1995, the company now has a range of automotive component and non-automotive (off highway) components in its portfolio. It manufactures various automotive components varying from 100 MM to 1200 MM in size. The company manufactures customized products for reputed Original Equipment Manufacturers (OEMs) of passenger cars, electric cars, two wheelers, tractors, construction machineries, railways, light vehicles, off-highway, heavy trucks etc.
The company has a diversified client base that includes Graziano Transmission India, John Deere India, CNH Industrial India, Carraro India, Jaya Hind Industries, Endurance Technologies, Neosym Industry and Meltwel Scrap Traders. Its manufacturing operations are based at Pirangut, Pune, Maharashtra and comprises of two units located adjacent to each other, measuring approximately 4,100 square meters and 2,730 square meters respectively. The manufacturing units have received ISO 9001:2015 and IATF 16949:2016 certification from Kiwa Cermet Italia. Kranti Industries has also received “Performance Appreciation Award” for outstanding contribution for new part development in casting and machining commodity from Swiss technology group oerlikon in 2018.
As of November 2018, the company had an order book of INR6.60 crore.
Kranti Industries promoters – Mr Sachin Subhash Vora, Mr Sumit Subhash Vora and Mrs Indubala Subhash Vora
| Kranti Industries – Upcoming IPO details | |
| Subscription Dates | 14 – 20 February 2019 |
| IPO Price band | INR37 per share |
| Fresh issue | 1,752,000 shares (INR6.48 crore) |
| Offer for sale | 567,000 shares (INR2.10 crore) |
| Total IPO size | 2,319,000 shares (INR8.58 crore) |
| Minimum bid (lot size) | 3,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME platform |
Use of funds
- Working Capital Requirements
- General Corporate Purposes
- Issue Expenses
| Kranti Industries’ consolidated financial performance (in INR crore) | ||||||
| FY2016 | FY2017 | FY2018 | H1 FY2019 | |||
| Total revenue | 28.84 | 29.25 | 46.11 | 33.22 | ||
| Total expenses | 28.98 | 30.37 | 45.50 | 31.19 | ||
| Profit after tax | -0.21 | -0.93 | 0.90 | 1.37 | ||
More about Kranti Industries
Kranti Industries IPO Review: Auto profits?
Interview: Kranti Industries makes steady inroads with calculated risks
Kranti Industries Contact Details
Kranti Industries Limited
Gat No.267/B/1
Post Pirangut, Tal. Mulshi
Pune- 412 115, Maharashtra
Phone: +91 20 6675 5676
Email: [email protected]
Website: www.krantiindustries.com
Kranti Industries IPO Subscription Details
| Day | Subscription (no. of times) |
| Day 1 | 0.13 |
| Day 2 | 0.24 |
| Day 3 | 0.33 |
| Day 4 | 0.48 |
| Day 5 | 1.22 |
Kranti Industries Valuation (For FY2018)
Earnings Per Share (EPS): INR1.28
Price/Earnings (P/E) ratio: 28.91
Return on Net Worth (RONW): 6.91%
Net Asset Value (NAV): INR18.48 per share
Registrar of Kranti Industries IPO
Link Intime India Private Limited
C-101, 1st Floor, 247 Park
Lal Bahadur Shastri Marg, Vikhroli (West)
Mumbai – 400 083
Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: [email protected]
Website: http://www.linkintime.co.in
Kranti Industries IPO Allotment Status
Kranti Industries IPO allotment status is now available on Link Intime’s website. Click on this link to get allotment status.
Listing performance of Kranti Industries
IPO Opening Date: 14 February 2019
IPO Closing Date: 20 February 2019
Listing Date: 28 February 2019
Listing Price on BSE SME: INR35.25 per share (down 4.73% from IPO price)
Closing Price on BSE SME: INR37 per share (no change from IPO price)
I never heard of this company before but now when I have started going through its website and other information available online, it seems to have great potential. Is there any information about their expansion plans available online?
Pe ratio looks high. Time to be cautious!
Current year the ecompany has made a lot of expansion and such expansion providng them right in terms of enhancemant of revenue and profit after tax. So calculation of 10 PE is pretty good.
Good company and good industry. Profits will boom in the next few years so invest for 2-3 yrs.
Having knowledge and experience in trading field, I think the company will do great in the coming future if we check the numbers and growth graph of the company, It will be a benefit for the investors. A thumbs up for Kranti Industry IPO.
Hi can anyone tell that when the issue will open?..also if someone can share some links about the company as I would like to know more about the company clients and everything.
Having knowledge and experience in trading field, I think the company will do great in the coming future if we check the numbers and growth graph of the company, It will be a benefit for the investors. A thumbs up for Kranti Industry IPO.
Got to know from ET article that Kranti Industry is one of the supplier to TESLA.
I think they are not supplying directly to Tesla otherwise would have listed tesla as a customer in the prospectus. May be Kranti is a vendor to a company which is a supplier to tesla. Anyway, it is a good achievement.
Automotive is good business and there are good profits. After a long time, I’m seeing numbers which don’t look cooked up but need to do more research.
The company has good potential in the future as they are into electric car manufacturing and electric car concept is hot for the coming future.
According to my knowledge in the investment sector and after going thoroughly to the companies profile, history & profit numbers, I can clearly say that the IPO will provide high profits to the investors and the automobile industry is growing from past 4-5 years on a good scale.
Is it IPO worth subscribing?