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Clara Industries Limited IPO (Clara Industries IPO) Detail

Dec 16, 2021 - Dec 21, 2021

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:

  • Packaging Films
  • Flexible Packaging
  • Horticulture Bags
  • HDPE Bottles
  • Plastic Matts
  • Printed and non-printed
  • Plastic Sheets
  • Plastic Bangles

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:

  • Wide product portfolio
  • Location advantage with efficient logistics
  • Diversified customer base
  • Focus on quality
  • semi-automated manufacturing units
  • Strong management team and motivated and efficient workforce.
  • Engaging atmosphere for employees

Company Financials

Summary of financial Information (Restated Standalone)
Particulars For the year/period ended (₹ in millions)
  18-Nov-21
Total Assets 46.73
Total Revenue 6.27
Profit After Tax 3.04

Objects of the Issue

  • To meet working capital requirements
  • General corporate purposes

Clara Industries IPO Details

IPO Date Dec 16, 2021 to Dec 21, 2021
Listing Date Wednesday, December 29, 2021
Face Value ₹10 per share
Price ₹43 per share
Lot Size 3000 Shares
Issue Size702,000 shares of ₹10
(aggregating up to ₹3.02 Cr)
Fresh Issue702,000 shares of ₹10
(aggregating up to ₹3.02 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Company Promoters

Ms. Parry Kukreja and Mr. Nikhil Kukreja are the company promoters.

Clara Industries IPO Tentative Timetable

Clara Industries IPO opens on Dec 16, 2021, and closes on Dec 21, 2021. The Clara Industries IPO bid date is from Dec 16, 2021 10.00 A.M. to Dec 21, 2021 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Tentative Date
Opening Date Dec 16, 2021
Closing Date Dec 21, 2021
Basis of Allotment Dec 24, 2021
Initiation of Refunds Dec 27, 2021
Credit of Shares to Demat Dec 28, 2021
Listing Date Dec 29, 2021

Clara Industries IPO Lot Size

The Clara Industries IPO lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹129,000).

Application Lots Shares Amount
Retail (Min) 1 3000 ₹129,000
Retail (Max) 1 3000 ₹129,000

Clara Industries IPO Promoter Holding

Pre Issue Share Holding 100%
Post Issue Share Holding 71.70%

Clara Industries IPO Review

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...


Clara Industries IPO Subscription Status (Bidding Detail)

The Clara Industries IPO is subscribed 1.53 times on Dec 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)

CategorySubscription (times)
NII1.51
Retail1.55
Total1.53

Clara Industries IPO Prospectus

Clara Industries IPO Rating

44
3.8
Rating:Rated 3.8 stars
Vote Here ...

Clara Industries IPO Listing Date

Listing Date Wednesday, December 29, 2021
BSE Script Code 543435
NSE Symbol
Listing In MT Group of Securities
ISIN INE0JJS01014
IPO Price ₹43 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹43.00
₹43.20
₹43.20
₹45.30
₹44.00

Company Contact Information

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/

Clara Industries IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Clara Industries IPO Review

Clara Industries IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 1
Members 0 0 0

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Clara Industries IPO FAQs

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 Dec 16, 2021, and closes on Dec 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

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Clara Industries IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Clara Industries IPO opens on Dec 16, 2021 and closes on Dec 21, 2021.

Clara Industries IPO lot size is 3000 Shares and the minimum order quantity is .

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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Clara Industries IPO will be done on Dec 24, 2021, and the allotted shares will be credited to your demat account by Dec 28, 2021. Check the Clara Industries IPO allotment status.

The Clara Industries IPO listing date is on Wednesday, December 29, 2021.
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Clara Industries IPO Message Board

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10 Comments

5. Gaurav DD dimer |   Link |Dec 16, 2021 8:46:22 AM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Ups:-
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.
5.1. MDinesh |   Link |Dec 17, 2021 3:21:08 AM
Will apply based on last day subscription figures
5.2. MDinesh |   Link |Dec 21, 2021 2:55:49 PM
Looks like HNI''s are not interested in this IPO, skipping it as subscription numbers are not great till now
4. MDinesh |   Link |Dec 18, 2021 6:29:05 AM
IPO Registrar - Bigshareonline track record in SME IPO''s is poor. Nidan and Omnipotent, share price below the listed price. On contrary, Sigachi (Mainline IPO) is doing good.

3. ipobazaar |   Link |Dec 16, 2021 11:15:58 PM
can we sell shares on listing day just like main line IPOs
3.1. MDinesh |   Link |Dec 17, 2021 3:17:40 AM
Yes you can
2. SSingh |   Link |Dec 16, 2021 10:13:41 AM
Farzi company. Avoid!!!
1. Kiaan |   Link |Dec 14, 2021 5:45:02 PM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
Extraordinary!!
4 crore assets and IPO of the same size.
Profit 50% of revenue.
Period unknown .
Unbelievable that such cos. are also allowed to raise capital , that to at high premium..Does not deserve price of even Rs 5/- as it will also become zero.
1.1. JagdishBose |   Link |Dec 14, 2021 10:57:50 PM
They have lot of good made in India product, so they have some chance of doing good? Because lot of people are focusing on buying only made in India type product.
1.2. Taiyaan |   Link |Dec 15, 2021 12:50:11 AM
If loss making companies can list on main boarrd on 2X IPO price then what''s wrong with the profit making ones?