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SME IPO Status: Listed [16th May 2023 to 19th May 2023]
Krishca Strapping Solutions Limited offers a SME IPO issue size of 3,320,000 equity shares worth Rs up to 17.93 Cr. The subscription for this SME IPO is opening from 16 May 2023 to 19 May 2023 . And the price band is defined in a range of Rs 51 to Rs 54 per share along with the lot size of 2000 shares and its multiple. The face value of each share is Rs 10 per share. This company is going to list its SME IPO on the NSE Emerge exchange.
Stay updated with us to know more about the Krishca Strapping Solutions Limited IPO Review including company overview, financial, live subscription, allotment, GMP, and more.
| SME IPO Issue Opening Date: | 16th May 2023 |
| SME IPO Issue Closing Date: | 19th May 2023 |
| SME IPO Issue Price: | ₹51-54 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | NSE SME |
| Retail Quota: | Not less than 35.00% of the Offer |
| SME IPO Issue Type: | Book Build Issue |
| SME IPO Issue Size: | ₹17.93 Cr |
| Fresh Issue: | ₹17.93 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 86.34% |
| Promoter Holding Post IPO: | 62.6% |
| Allotment Status: | Allotment Status |
| NSE Code: | KRISHCA |
Get important updates regarding Krishca Strapping Solutions SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 24th May 2023 |
| Refunds Initiation* | 25th May 2023 |
| Credit of Shares to Demat* | 26th May 2023 |
| SME IPO Listing Date* | 26th May 2023 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹51-54 |
| Market Lot: | 2000 Shares |
| 1 Lot Amount: | ₹108000 |
| Min HNI Lots: | 4000 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 26-05-2023 | 54 | 68 | 1,30,000 | ₹122 (125.93%) | 26-May-2023 10:35 |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Krishca Strapping Solutions Ltd Established in the year 2017 in Sivakasi, Tamil Nadu, it is a Private Limited based firm, engaged as the Manufacturer and Wholesaler of Strapping Tools, Strapping seals, etc. Their products are high in demand due to their premium quality and affordable prices.
At their Chennai facility, Heat treated high tensile Steel Straps are manufactured using state-of-the-art equipment and supervised by expert metallurgists and engineers.
The integrated quality management system ensures consistency of physical and chemical properties. Some key control measures include:
| Incorporation | Sector | IPO Issue Size | Website |
| 2017 | Steel Industry | ₹17.93 Cr | http://www.krishcastrapping.com/ |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 1,208,000 (50%) | 362,400 (15%) | 845,600 (35%) | 2,416,000 | |
| 1 | 16th May 2023 19:31 | 1.75x | 25.86x | 44.63x | 20.38x |
| 2 | 17th May 2023 19:31 | 1.89x | 63.91x | 136.22x | 58.21x |
| 3 | 18th May 2023 19:31 | 4.82x | 150.47x | 291.94x | 127.16x |
| 4 | 19th May 2023 19:31 | 36.10x | 786.89x | 572.83x | 336.57x |
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 915.75 | 98.15 | -223.92 | 64.34 | -237.02 | 827.36 |
| 31-Mar-21 | 1,292.02 | 971.05 | -67.25 | -120.28 | -421.64 | 1,337.48 |
| 31-Mar-22 | 1,544.00 | 1,871.71 | 150.54 | 159.51 | -340.49 | 939.28 |
| 15-Feb-23 | 2,696.96 | 6,351.23 | 785.75 | 945.26 | 445.26 | 1,193.01 |
| Amount in ? Lakhs | ||||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Krishca Strapping Solutions Limited | 13.49 | 13.49 | 16.69 | 0.81 | ||
| Usha Martin Ltd. | 6.94 | 5.91 | 30.44 | 26.85 | 22.78 | |
| Metal Coatings India Ltd. | 4.5 | 3.85 | 46.36 | 22.06 | 8.31 |
Last Updated on 29-May-2023 09:00:13
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Krishca Strapping Solutions SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Krishca Strapping Solutions SME IPO with Zerodha.
Alternate approch to apply in Krishca Strapping Solutions SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Krishca Strapping Solutions SME IPO Review and Important Updates
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To subscribe or apply in Krishca Strapping Solutions SME IPO, you can use the following methods:
| Krishca Strapping Solutions SME IPO Applying Mode | Method | Details |
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Krishca Strapping Solutions SME IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Krishca Strapping Solutions SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Krishca Strapping Solutions SME IPO. Most of the Syndicate Banks provide access to apply in Krishca Strapping Solutions IPO via ASBA process. You must have your net banking access, DP ID information to apply in Krishca Strapping Solutions SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Krishca Strapping Solutions SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Krishca Strapping Solutions SME IPO Review and Important Updates
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Krishca Strapping Solutions SME IPO is going to be list on 26-05-2023. NSE Code for Krishca Strapping Solutions is KRISHCA. BSE Code for Krishca Strapping Solutions is .
Other relevant questions:
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Krishca Strapping Solutions SME IPO Allotment Date is 24-05-2023.
Other relevant questions:
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