Krishca Strapping Solution Limited

Company Name	Krishca Strapping Solution Limited
Open Date	16-05-2023
Close Date	19-05-2023
Exchange	NSE SME
Lot Size	2000 Shares
Issue Price	₹51 to ₹54 per share
Issue Size	3,320,000 Equity Shares
Application Amount	₹ 1,08,000
Recommendation	Risk_Averse - Should Wait Risk_Seekers - Should Apply

Established in the year 2017 at Sivakasi, Tamil Nadu, “Krishca Strapping Solutions Private Limited”, engaged as the Manufacturer and Wholesaler of Strapping Tool, Strapping Seal, etc and products are high in demand due to their premium quality and affordable prices. At Chennai facility, Heat treated high tensile Steel Straps are manufactured using state-of-the-art equipment and supervised by expert metallurgists and engineers.

PLC Controlled automatic production line
Automated heat treatment process–Uniform grain structure
Pollution free production process – Lead free
Super Jumbo coils upto 500 Kg

(Read more on the review)

Summary of Financials (All financials in Lakh)

For the Period Ended	Mar-21	Mar-22	Feb-23
Total Assets	1,292.02	1,544.00	2,696.96
Net Assets	-120.28	159.51	945.26
Total Borrowings	1,337.48	939.28	1,193.01
Total Revenue	971.05	1,871.71	6,351.23
Profit After Tax	-67.25	150.54	785.75

Tentative Timeline

Opening Date	16-05-2023
Closing Date	19-05-2023
Basis of Allotment	24-05-2023
Initiation of Refunds	25-05-2023
Credit of Shares to Demat	26-05-2023
Listing Date	26-05-2023

Objects of the Issue

Capital Expenditure for setting up of New Strapping Line.

Repayment of certain secured borrowings in full.

General corporate expenses and issue expenses.

Contact Information

Registered Office	Krishca Strapping Solutions Limited Building 01B, LOGOS Mappedu Logistics Park Sathara, Thiruvallur Taluk Thiruvallur District - 631203
Phone	91-9884111098
Email	cs@krishcastrapping.com
Website	http://www.krishcastrapping.com/

Offer Documents

Krishca Strapping Solutions IPO DRHP

Krishca Strapping Solutions IPO RHP

Registrar Details

Name	Purva Sharegistry India Pvt Ltd
Phone	91-022-23018261/ 23016761
Email	support@purvashare.com
Website	https://www.purvashare.com/queries/

IPO Reservation

Anchor Investor Shares Offered	9,04,000 (24.97%)
Market Maker Shares Offered	3,00,000 (8.29%)
QIB Shares Offered	12,08,000 (33.37%)
NII (HNI) Shares Offered	3,62,400 (10.01%)
Retail Shares Offered	8,45,600 (23.36%)
Total Shares Offered	36,20,000 (100%)

Shareholding Pattern

Share Holding Pre Issue (Promoters)	86.34%
Share Holding Post Issue (Promoters)	62.6%