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Clara Industries Limited IPO (Clara Industries IPO) Detail

December 16, 2021 - December 21, 2021

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.

Clara Industries IPO Details

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 Size702,000 shares
(aggregating up to ₹3.02 Cr)
Fresh Issue702,000 shares
(aggregating up to ₹3.02 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Market Maker portion36,000 shares

Clara Industries IPO Reservation

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 Offered36,000 (5.13%)
Other Shares Offered333,000 (47.44%)
Retail Shares Offered333,000 (47.44%)
Total Shares Offered702,000 (100%)

Clara Industries IPO Timeline (Tentative Schedule)

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

Clara Industries IPO Lot Size

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

Clara Industries IPO Promoter Holding

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

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

About Clara Industries Limited

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)
Total Assets 46.73
Total Revenue 6.27
Profit After Tax 3.04

Objects of the Issue (Clara Industries IPO Objectives)

  • To meet working capital requirements
  • General corporate purposes

Clara Industries IPO Review (Avoid)

[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...

Clara Industries IPO Subscription Status (Bidding Detail)

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)

CategorySubscription (times)

Clara Industries IPO Prospectus

Clara Industries IPO Rating

Rating:Rated 3.8 stars
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Clara Industries IPO Listing Details

Listing Date December 29, 2021
BSE Script Code 543435
NSE Symbol
Final Issue Price ₹43 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

Check IPO Performance…

Clara Industries Limited Contact Details

Clara Industries Limited
127/1 Gram Simbhalka Junardar Paragna,
Tehsil and District Saharanpur- 247001,
Uttar Pradesh, India
Phone: +91- 81718 84399

Clara Industries IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Clara Industries IPO - Buy or Not

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 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

  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 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.

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

Ranked Members of Forum  Ranked Members | Members with Most Likes



5. Gaurav DD dimer |   Link |  Bookmark |December 16, 2021 7:46:22 AM
IPO Mentor IPO Mentor (1200+ Posts, 400+ Likes)
1) Small size - less free float, less than 250 Shareholders
2) Complete fresh issue.
3) Good promoter shareholding
4) LM performance except markolline

1) Financials not available to compare
2) High price as per dilip sir review.
5.1. MDinesh |   Link |  Bookmark |December 17, 2021 2:21:08 AM
Will apply based on last day subscription figures
5.2. MDinesh |   Link |  Bookmark |December 21, 2021 1:55:49 PM
Looks like HNI''s are not interested in this IPO, skipping it as subscription numbers are not great till now
4. MDinesh |   Link |  Bookmark |December 18, 2021 5:29:05 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 |  Bookmark |December 16, 2021 10:15:58 PM
can we sell shares on listing day just like main line IPOs
3.1. MDinesh |   Link |  Bookmark |December 17, 2021 2:17:40 AM
Yes you can
2. SSingh |   Link |  Bookmark |December 16, 2021 9:13:41 AM
IPO Guru IPO Guru (1400+ Posts, 800+ Likes)
Farzi company. Avoid!!!
1. Kiaan |   Link |  Bookmark |December 14, 2021 4:45:02 PM
Top Contributor Top Contributor (500+ Posts, 200+ Likes)
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 |  Bookmark |December 14, 2021 9:57:50 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 |  Bookmark |December 14, 2021 11:50:11 PM
If loss making companies can list on main boarrd on 2X IPO price then what''s wrong with the profit making ones?