Krishca Strapping Solution Limited

Company Profile
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
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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

Registrar Details

Name Purva Sharegistry India Pvt Ltd
Phone 91-022-23018261/ 23016761

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%

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