Kalahridhaan Trendz Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Kalahridhaan

CMP

40.00

-3.25 (-7.51%)

  • DRHP
₹45

Offer Price

₹ 22.49 Cr

Issue Size

₹ 1,35,000

Min Investment

3,000

Lot size

Time Line

  • 15
    Feb 2024
    Open
  • 20
    Feb 2024
    Close
  • 21
    Feb 2024
    Finalisation of Basis of Allotment
  • 22
    Feb 2024
    Initiation of Refunds
  • 22
    Feb 2024
    Transfer of Shares to Demat Account
  • 23
    Feb 2024
    Listing Date

Objects of the Offer

  • Maintain and expand long-term relationships with clients.

  • Optimal Utilization of Resources.

  • Commencement of Process house operations.

Strengths

  • Our Wide and variety range of products Existing client relationship.

  • Strategically located manufacturing facilities with modern machines.

  • Quality Service.

  • Experienced promoters, directors and managerial Team.

Risks

  • The company does not own its registered office.

  • The top ten Buyers of its Product and top ten suppliers for raw material contribute majority of revenue and source of Raw Material. The company does not have long term agreement with the customer or supplier. The loss of any Customer or a decrease in the volume of order by any customer or any disruption in supply of raw material by any supplier may adversely affect its revenues and profitability.

  • There are outstanding litigations by and against the Company which if determined against it, could adversely impact financial conditions.

  • There have been instances of delay in filing of Goods and Service Tax (GST) returns and return of Tax Deducted at Source (TDS) dues.

  • Its business is dependent on its manufacturing facilities and the company is subject to certain related risks; Unplanned slowdowns, unscheduled shutdowns or prolonged disruptions in its manufacturing operations or under - utilization of its manufacturing capacities could have an adverse effect on its business, results of operations, cash flows and financial condition.

Company Promoters

Promoters Holding

Issue For IPO
27.98%
Pre Holding

96.22%

Post Holding

68.24%

Top Promoters Holding

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2023 3-Yr trend
Revenue 183.90 (38.90%) 184.17 (0.20%) 36.75 (-)
Gross Profit 183.90 (38.90%) 184.17 (0.20%) 36.75 (-)
Net Income 183.90 (38.90%) 184.17 (0.20%) 36.75 (-)
Assets 183.90 (38.90%) 184.17 (0.20%) 36.75 (-)
Liabilities 183.90 (38.90%) 184.17 (0.20%) 36.75 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Kalahridhaan Trendz Ltd 184.17 6.66 79.22 61.10 36.75 0.00 29.74 3.48 0.77
SPL Industries Ltd 284.67 23.84 209.10 209.10 14.71 8.22 55.86 11.39 0.07
Kitex Garments Ltd 557.00 57.55 1,133.99 1,133.99 6.70 8.56 146.88 5.07 0.03
Monte Carlo Fashions Ltd 1,117.71 132.52 1,496.42 1,496.42 17.06 63.92 374.53 8.85 0.26

Book Running Managers

  • Interactive Financial Services Ltd

Registrar & Transfer Agent

Bigshare Services Pvt Ltd

Office No 56-2,
Pinnacle Busine.Park,
Mahakali Caves Road - Mumbai - 400093
Phone : 91-22-62638200 Fax: 91-22-63638299

Company Contact Information

57 Ashra Industrial Estate B/H,
Mahalaxmi Fabrics Nr Narol C.R,
Ahmedabad - 382405
Phone : +91 63533 02166 Email : cs@kalahridhaan.com www.kalahridhaan.com

Offer Related Information

Initial public issue of 49,98,000 equity shares of face value of Rs. 10/- each of Kalahridhaan Trendz Limited ("KTL" or the "Company" or the "Issuer") for cash at a price of Rs. 45/- per equity share including a share premium of Rs. 35/- per equity share (the "Issue Price") aggregating to Rs. 22.49 crores ("The Issue"), of which 2,52,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 45/- per equity share including a share premium of Rs. 35/- per equity share... More

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