Krishca Strapping IPO

Krishca Strapping Solutions Limited

₹1,02,000 /2000 sharesMinimum Investment

Krishca Strapping IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
NSE₹54.00₹119.00₹65.00 (120.37%)

Krishca Strapping IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
16 May ‘23 - 19 May ‘23₹1,02,0002,000₹51 - ₹54
Issue SizeIPO Doc
17.93Cr
RHP PDF

About Krishca Strapping

Krishca Strapping Solutions was incorporated on December 12, 2017. It is a manufacturer and wholesaler of strapping steel, steel seals, strapping tools, etc. Their product range includes a PLC-controlled automatic production line, a pollution-free production process - lead-free, an automated heat treatment process - uniform grain structure, and super jumbo coils up to 500 kg. The company started as a private limited company named Krishca Strapping Solutions Private Limited. However, on December 12, 2022, the shareholders passed a special resolution at an Extraordinary General Meeting, and the company became a public limited company.;
Parent Organisation
Krishca Strapping Solutions Limited
Founded
2017
Managing Director
Lenin Krishnamoorthy Balamanikandan

Strengths & Risks

  • Here are some strengths of Krishca Strapping Solutions Limited:
  • The company’s integrated manufacturing facility in Chennai specializes in producing high-tensile steel straps. The facility has an annual capacity of 18,000 MT of Steel Strapping and 65 million Steel Seals.
  • Krishca has adopted India’s first ‘Lead-Free’ environment-friendly production line to heat steel strapping.
  • Krishca provides unique and customized color printing on steel seals.
  • Here are some risk factors associated with Krishca Strapping Solutions Limited:
  • The company does not own a registered office or corporate office.
  • The company had negative cash and cash equivalent generated during the financial year 2020.
  • The company/associate company is non-compliant with certain statutory provisions under various laws. Such non-compliance may result in penalties.
  • The company conducts business with its customers on a purchase-order basis and generally does not enter into long-term contracts with most of them. Any failure to maintain customer relationships may negatively impact the company's business, prospects, results of operations, and financial condition.
  • The company does not possess a registered trademark, and failure to protect it may result in adverse effects due to possible misuse by any third party.
  • The steel industry is known for its high cyclicality, and fluctuations in steel prices may negatively impact the company's operations and financial condition.
  • A significant portion of the company's revenue depends on a few clients, and dependence on a few suppliers for procurement is also high. Any loss of a major client or supplier may adversely affect the company's business operations and profitability.
  • The company has availed an unsecured loan from its directors, which is repayable on demand. Any demand from the lender to repay such an unsecured loan may affect the company's cash flow and financial condition. The company may incur further indebtedness during the business, and there is no assurance that it will be able to service its existing and/or additional indebtedness.
  • The company's manufacturing activities are labor-intensive and depend on the availability of skilled and unskilled laborers in large numbers. Any unavailability or inability to retain such personnel may affect the company's business operations.

Financials

*All values are in Rs. Cr
No Graph Data To Display

Application details

Apply asPrice bandApply upto
Regular51 - 54₹2 Lakh
High Networth Individual51 - 54₹2 - 5 Lakh
For Krishca Strapping SME IPO, eligible investors can apply as Regular.
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