Krishca Strapping Solutions Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Krishca Strapp.

CMP

221.80

-2.45 (-1.09%)

₹54

Offer Price

₹ 17.93 Cr

Issue Size

₹ 1,08,000

Min Investment

2,000

Lot size

Time Line

  • 16
    May 2023
    Open
  • 19
    May 2023
    Close
  • 24
    May 2023
    Finalisation of Basis of Allotment
  • 25
    May 2023
    Initiation of Refunds
  • 26
    May 2023
    Transfer of Shares to Demat Account
  • 26
    May 2023
    Listing Date

Strengths

  • Well equipped with advance technology

  • Experienced Promoters and Technically Sound Operation Team

  • Track record of growth and profitability

  • First Remote Pilot Training Organizations in Maharashtra.

  • Long term relationship with clients and repeat business

Risks

  • The company has had negative cash & cash equivalent generated during the financial year 2020 in the past based on the Restated Summary Information of the Company and may, in the future, experience similar negative cash flows.

  • The company do not own registered office and the corporate office which are currently in use by the Company.

  • The Company/Associate Company has not complied with certain statutory provisions under various laws. Such noncompliance /lapses may attract certain penalties.

  • The company generally do business with its customers on purchase order basis and do not enter into long term contracts with most of them. The company inability to maintain relationships with its customers could have an adverse effect on its business, prospects, results of operations and financial condition.

  • The company do not own registered trademark. Its in ability or failure to protect the company trademark may adversely affect its business on account of possible misuse by any third party.

Company Promoters

Promoters Holding

Issue For IPO
19.46%
Pre Holding

70.80%

Post Holding

51.34%

Top Promoters Holding

Financials

All values in Cr

Mar-2021 Mar-2022 Mar-2022 3-Yr trend
Revenue 9.41 (880.20%) 18.61 (97.80%) 0.81 (-)
Gross Profit 9.41 (880.20%) 18.61 (97.80%) 0.81 (-)
Net Income 9.41 (880.20%) 18.61 (97.80%) 0.81 (-)
Assets 9.41 (880.20%) 18.61 (97.80%) 0.81 (-)
Liabilities 9.41 (880.20%) 18.61 (97.80%) 0.81 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Krishca Strapping Solutions Ltd 18.61 1.51 10.99 9.39 0.81 0.00 3.19 2.14 0.85
Usha Martin Ltd 2,688.07 291.27 2,742.88 2,742.88 17.19 9.56 55.58 10.61 0.22
Metal Coatings (India) Ltd 142.26 2.82 49.46 49.46 8.31 3.85 46.36 5.70 0.29

Book Running Managers

  • Share India Capital Services Pvt Ltd

Registrar & Transfer Agent

Purva Sharegistry (I) Pvt Ltd

9 ShivShakti Indl Es,
J R Boricha Marg,
Lower Parel - Mumbai - 400 011
Phone : 91-22-23010771/23018261 Fax: 91-22-23012517

Company Contact Information

Bldg. 01B Logos Mappedu Logis.,
Park Satharai Village,
Thiruvallaur - 631203
Phone : 91-9344991199 Email : cs@krishcastrapping.com www.krishcastrapping.com

Offer Related Information

Initial public issue of 33,20,000 equity shares of face value of Rs. 10.00 each ("Equity Shares") of the company for cash at a price of Rs. [*] per equity share (including a share premium of Rs. [*] per equity share) ("Issue Price") aggregating up to Rs. [*] crores ("Issue / Offer"). This issue includes a reservation of 3,00,000 equity shares aggregating up to Rs. [*] crores for subscription by market maker ("Market Maker Reservation Portion"). The issue less the market maker reservation... More

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