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Krishca Strapping Solutions Limited IPO

Krishca Strapping Solutions Limited IPO

IPO Date :
Issue Price :
Allotment Date :
Listing Date :
List Price :
Lot Size:
Subscription:
Listed Price: ₹ 118.80 (+120.00%)

Krishca Strapping Solutions Limited's has transitioned to a publicly listed entity following its IPO debut on 29-05-2023 at the NSE exchange. The public offering successfully raised 33,20,000 Shares, consisting of 33,20,000 Sharesin new capital.

The IPO featured a competitive price range of ₹51 to ₹54 and minimum application size of 2000 shares. Market reception was evidenced through subscription activity between 16-05-2023 and 19-05-2023, reflecting investor appetite for the offering.

Allotment of shares was completed on 24-05-2023, distributing equity to successful applicants. The listing marked the beginning of the company's journey as a publicly traded corporation, subject to market dynamics and regulatory oversight.

Krishca Strapping IPO Details
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

IPO Reservation
Krishca Strapping IPO Key Performance Indicator
Company Financials ( In Lakhs )

Krishca Strapping IPO About Company

Incorporated in 2017, Krishca Strapping Solutions Limited is a manufacturer and wholesaler of strapping tools and strapping seals. The company operates a manufacturing facility in Chennai with an annual capacity of 18,000 MT of steel straps and 80 million seals. Its product range includes PLC-controlled automatic production lines, automated heat treatment processes for uniform grain structure, and pollution-free, lead-free production. The steel straps meet American, European, and Indian standards, including IS 5872:1990, ASTM D-3953, and BS EN 13246:2001, and the company employs a team of 50 professionals.


Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."


Krishca Strapping IPO Strength Factors

NA


Krishca Strapping IPO Risk Factors

NA


Krishca Strapping IPO Lead Manager(s)

  • Share India Capital Services Private Limited

Krishca Strapping IPO Promoter(s)

  1. Mr. Lenin Krishnamoorthy Balamanikandan

Krishca Strapping IPO Company Details

Krishca Strapping Solutions Limited
Phone:
address:

Krishca Strapping IPO Registrar

Purva Sharegistry India Private Limited
Name:
Phone:

Krishca Strapping IPO FAQs