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Krishca Strapping Solutions IPO is a book build IPO listing on NSE EMERGE exchange. The company is based in Tiruvallur and caters to Steel sector. Share India Capital Services Private is the merchant banker of Krishca Strapping Solutions IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 3rd March 2023.
Krishca Strapping Solutions IPO open date is 16th May 2023 and close date is 19th May 2023. IPO Allotment Date is 24th May 2023 and Listing date is 26th May 2023.Krishca Strapping Solutions IPO size is Rs 17.93 Cr. crores with IPO price of Rs 54.00 Cr.. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Share India Capital Services Private Limited is the book-running lead manager of the Krishca Strapping Solutions IPO. Purva Sharegistry India Private Limited is the Registrar and Market Maker is Share India Securities Limited for Krishca Strapping Solutions IPO.
Krishca Strapping Solutions IPO anchor investors are the below investors. The number of anchor investors in this IPO is 2.
| Anchor Investor Name | No. of shares Allotted | Offer Price (in Rs.) | Amount Invested (in Rs.) |
|---|---|---|---|
| Rajasthan Global Securities | 718,000.00 | ₹54.00 | ₹38,772,000.00 |
| Saint Capital Fund | 186,000.00 | ₹54.00 | ₹10,044,000.00 |
Krishca Strapping Solutions IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Krishca Strapping Solutions IPO, based in Tiruvallur, operates in the Steel sector with a focus on Manufacturing of Heat treated high tensile Steel Straps. The company is launching its SME IPO on the NSE EMERGE exchange, using the Book Building Issue method. Krishca Strapping Solutions IPO size is ₹ 17.93 Cr. Crores with fresh issue size of Rs 17.93 Cr. Crores and Offer for sale being Nil.
The IPO allotment date for Krishca Strapping Solutions IPO is expected to be 24th May 2023, after the finalization of basis of allotment. Investors can check Krishca Strapping Solutions IPO allotment status on the registrars website, Purva Sharegistry India Private Limited. Krishca Strapping Solutions IPO refund dates are 25th May 2023.
Krishca Strapping Solutions IPO is expected to be listed on 26th May 2023.
The upper price band for the Krishca Strapping Solutions IPO is set at ₹ 54.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Krishca Strapping Solutions IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Krishca Strapping Solutions IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 19th May 2023. After submission, funds are blocked until the basis of allotment of Krishca Strapping Solutions IPO is finalised.
The merchant banker for Krishca Strapping Solutions IPO is Share India Capital Services Private Limited . Share India Capital Services Private Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Krishca Strapping Solutions IPO RHP for further details.
The registrar for Krishca Strapping Solutions IPO is Purva Sharegistry India Private Limited. Investors can go to Purva Sharegistry India Private Limited registrar website for IPO allotment status, refund processing, and other queries related to Krishca Strapping Solutions IPO through their official website or helpline.
Krishca Strapping Solutions IPO was subscribed 336.57 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 17.93 Cr.
Avg IPO Size (Sector Based)
:
₹ 32.34 Cr.
Sector: Steel
SME IPO so far:
26
Merchant Banker:
Share India
SME IPO by BRLM so far:
47
City:
Tiruvallur
SME IPO so far:
3
Revenue (annualised):
₹ 69.28 cr.
PE
Ratio:
7.26x
Average Sector PE Ratio: 16.09x
Krishca Strapping Solutions IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Krishca Strapping Solutions Financial Review Page
Merchant Banker(s) of Krishca Strapping Solutions IPO: Share India Capital Services Private Limited
Krishca Strapping Solutions IPO subscription was 336.57 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Krishca Strapping Solutions IPO listed at a listing price of 118.80 against the offer price of 54.00.
The current market price of Krishca Strapping Solutions is 223.35.
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