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Clara Industries IPO is a fixed price issue of Rs 3.02 crores. The issue is entirely a fresh issue of 7.02 lakh shares.
Clara Industries IPO bidding started from December 16, 2021 and ended on December 21, 2021. The allotment for Clara Industries IPO was finalized on Friday, December 24, 2021. The shares got listed on BSE SME on December 29, 2021.
Clara Industries IPO price is ₹43 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹129,000.
Gretex Corporate Services Limited is the book running lead manager of the Clara Industries IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Clara Industries IPO RHP for detailed information.
| IPO Date | December 16, 2021 to December 21, 2021 |
| Listing Date | December 29, 2021 |
| Face Value | ₹10 per share |
| Price | ₹43 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 702,000 shares (aggregating up to ₹3.02 Cr) |
| Fresh Issue | 702,000 shares (aggregating up to ₹3.02 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Market Maker portion | 36,000 shares |
Clara Industries IPO offers 702,000 shares. 333,000 (47.44%) to NII, 333,000 (47.44%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 36,000 (5.13%) |
| Other Shares Offered | 333,000 (47.44%) |
| Retail Shares Offered | 333,000 (47.44%) |
| Total Shares Offered | 702,000 (100%) |
Clara Industries IPO opens on December 16, 2021, and closes on December 21, 2021.
| IPO Open Date | Thursday, December 16, 2021 |
| IPO Close Date | Tuesday, December 21, 2021 |
| Basis of Allotment | Friday, December 24, 2021 |
| Initiation of Refunds | Monday, December 27, 2021 |
| Credit of Shares to Demat | Tuesday, December 28, 2021 |
| Listing Date | Wednesday, December 29, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 21, 2021 |
Investors can bid for a minimum of 3000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹129,000 |
| Retail (Max) | 1 | 3000 | ₹129,000 |
| Lot Size Calculator | |||
Ms. Parry Kukreja and Mr. Nikhil Kukreja are the company promoters.
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 71.70% |
Clara Industries Limited is engaged in providing flexible plastic packaging solutions. The company is known for manufacturing and supplying high-end multilayer plastic bags and multilayer plastic rolls in India. Clara Industries serves varied sectors spanning FMCG, Consumer Product, Hardware Tools, Hospitality, Housekeeping, Pharmaceuticals, Clothing & Hosiery, Edible Oil, Salt, and Sugar industry.
The company's product portfolio includes:
The company primarily sells its products through direct orders from clients based in Rajasthan, Bihar, Uttarakhand, Himachal Pradesh, and Punjab. The company has a manufacturing unit located at Saharanpur, Uttar Pradesh, having a total area of approximately 14,714 sq. ft. In the Year 2021, Clara industries through a Business Transfer Agreement (BTA), acquired a proprietor firm named M/s Clara Petrochemical.
Competitive Strengths:
| Particulars | For the year/period ended (₹ in millions) | ||||
|---|---|---|---|---|---|
| 18-Nov-21 | |||||
| Total Assets | 46.73 | ||||
| Total Revenue | 6.27 | ||||
| Profit After Tax | 3.04 | ||||
[Dilip Davda] The company is operating in a highly competitive and fragmented segment. Its financial data is not in line with the asking price. Based on FY21 and H1 FY22 earnings, the issue is exorbitantly priced. Considering its post-issue equity base, it will have longer gestation for migration to the mainboard. There is no harm in ignoring this pricy IPO. Read detail review...
The Clara Industries IPO is subscribed 1.53 times on December 21, 2021 7:52:00 PM. The public issue subscribed 1.55 times in the retail category, times in the QIB category, and 1.51 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 1.51 |
| Retail | 1.55 |
| Total | 1.53 |
| Listing Date | December 29, 2021 |
| BSE Script Code | 543435 |
| NSE Symbol | |
| ISIN | INE0JJS01014 |
| Final Issue Price | ₹43 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹43.00 |
| ₹43.20 |
| ₹43.20 |
| ₹45.30 |
| ₹44.00 |
Clara Industries Limited
127/1 Gram Simbhalka Junardar Paragna,
Tehsil and District Saharanpur- 247001,
Uttar Pradesh, India
Phone: +91- 81718 84399
Email: info@clara.co.in
Website: http://clara.co.in/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Clara Industries IPO is a SME IPO of 702,000 equity shares of the face value of ₹10 aggregating up to ₹3.02 Crores. The issue is priced at ₹43 per share. The minimum order quantity is 3000 Shares.
The IPO opens on December 16, 2021, and closes on December 21, 2021.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Clara Industries IPO using UPI as a payment gateway. Zerodha customers can apply in Clara Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Clara Industries IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Clara Industries IPO opens on December 16, 2021 and closes on December 21, 2021.
Clara Industries IPO lot size is 3000 Shares, and the minimum amount required is ₹129,000.
You can apply in Clara Industries IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Clara Industries IPO will be done on Friday, December 24, 2021, and the allotted shares will be credited to your demat account by Tuesday, December 28, 2021. Check the Clara Industries IPO allotment status.
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RHP
IPO Guru (1400+ Posts, 800+ Likes)
Top Contributor (500+ Posts, 200+ Likes)
1) Small size - less free float, less than 250 Shareholders
2) Complete fresh issue.
3) Good promoter shareholding
4) LM performance except markolline
Downs:-
1) Financials not available to compare
2) High price as per dilip sir review.