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Kalahridhaan Trendz IPO is a fixed price issue of Rs 22.49 crores. The issue is entirely a fresh issue of 49.98 lakh shares.
Kalahridhaan Trendz IPO bidding started from February 15, 2024 and ended on February 20, 2024. The allotment for Kalahridhaan Trendz IPO was finalized on Wednesday, February 21, 2024. The shares got listed on NSE SME on February 23, 2024.
Kalahridhaan Trendz IPO price is ₹45 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹135,000. The minimum lot size investment for HNI is 2 lots (6,000 shares) amounting to ₹270,000.
Interactive Financial Services Ltd is the book running lead manager of the Kalahridhaan Trendz IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Kalahridhaan Trendz IPO is Sunflower Broking.
Refer to Kalahridhaan Trendz IPO RHP for detailed information.
| IPO Date | February 15, 2024 to February 20, 2024 |
| Listing Date | February 23, 2024 |
| Face Value | ₹10 per share |
| Price | ₹45 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 4,998,000 shares (aggregating up to ₹22.49 Cr) |
| Fresh Issue | 4,998,000 shares (aggregating up to ₹22.49 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 12,189,000 |
| Share holding post issue | 17,187,000 |
| Market Maker portion | 252,000 shares Sunflower Broking |
Kalahridhaan Trendz IPO offers 4,998,000 shares. 2,373,000 (47.48%) to NII, 2,373,000 (47.48%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 252,000 (5.04%) |
| Other Shares Offered | 2,373,000 (47.48%) |
| Retail Shares Offered | 2,373,000 (47.48%) |
| Total Shares Offered | 4,998,000 (100%) |
Kalahridhaan Trendz IPO opens on February 15, 2024, and closes on February 20, 2024.
| IPO Open Date | Thursday, February 15, 2024 |
| IPO Close Date | Tuesday, February 20, 2024 |
| Basis of Allotment | Wednesday, February 21, 2024 |
| Initiation of Refunds | Thursday, February 22, 2024 |
| Credit of Shares to Demat | Thursday, February 22, 2024 |
| Listing Date | Friday, February 23, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 20, 2024 |
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 | ₹135,000 |
| Retail (Max) | 1 | 3000 | ₹135,000 |
| HNI (Min) | 2 | 6,000 | ₹270,000 |
| Lot Size Calculator | |||
Niranjan Agarwal, Aditya Agarwal and Sunitadevi Agarwal are the promoters of the company.
| Share Holding Pre Issue | 96.22% |
| Share Holding Post Issue | 68.24% |
Kalahridhaan Trendz Limited was founded in 2016 and is a company that dyes and processes textiles.
The company is engaged in manufacturing and trading of fabrics with embroidery, trading of grey fabrics, buying of grey fabrics and printing and dyeing of suiting, shirting and dress fabrics for sale in the B2B market.
The company has two divisions:
The company's manufacturing facility is located in Ahmedabad, Gujrat, and has a production capacity of 1.00 lakh metres per day.
As on December 31, 2023, the company employed a total of 12 permanent employees in various departments.
Kalahridhaan Trendz Limited's revenue increased by 0.14% and profit after tax (PAT) rose by 170.52% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 10,979.30 | 10,962.55 | 10,297.94 | 5,979.36 |
| Revenue | 8,434.54 | 18,417.01 | 18,390.46 | 13,235.91 |
| Profit After Tax | 478.72 | 666.01 | 246.20 | 110.54 |
| Net Worth | 2,290.94 | 1,202.78 | 536.77 | 290.56 |
| Reserves and Surplus | 1,072.04 | 1,202.78 | 536.77 | 290.56 |
| Total Borrowing | 6,702.43 | 6,105.33 | 5,249.90 | 3,145.56 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Kalahridhaan Trendz IPO is Rs 77.34 Cr.
| KPI | Values |
|---|---|
| ROE | 42.09% |
| ROCE | 17.39% |
| Debt/Equity | 3.19 |
| RoNW | 36.75% |
| P/BV | 1.51 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 5.46 | 5.57 |
| P/E (x) | 8.24 | 8.08 |
The company proposes to utilize the Net Proceeds from the issue towards the following objects:
[Dilip Davda] The company is operating in a highly competitive and fragmented segment. It primarily works on B2B model for manufacturing and trading in fabric with embroidery and grey fabrics. Based on FY24 annualized super earnings, the issue appears reasonably priced, but sustainability of such margins going forward raised concerns. Well-informed/cash surplus investors may consider parking funds for the medium term. Read detail review...
The Kalahridhaan Trendz IPO is subscribed 8.15 times on February 20, 2024 6:20:00 PM. The public issue subscribed 9.63 times in the retail category, times in the QIB category, and 6.66 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 6.66 |
| Retail | 9.63 |
| Total | 8.15 |
Total Application : 7,618 (9.63 times)
| Listing Date | February 23, 2024 |
| BSE Script Code | |
| NSE Symbol | KTL |
| ISIN | INE02M801018 |
| Final Issue Price | ₹45 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹45.00 |
| ₹47.15 |
| ₹47.15 |
| ₹49.50 |
| ₹49.50 |
Kalahridhaan Trendz Limited
57 Ashra Industrial Estate,
B/H Mahalaxmi Fabrics,
Nr. Narol Cross Road, Ahmedabad - 382405
Phone: +91 6353302166
Email: cs@kalahridhaan.com
Website: http://www.kalahridhaan.com/
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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Kalahridhaan Trendz IPO is a SME IPO of 4,998,000 equity shares of the face value of ₹10 aggregating up to ₹22.49 Crores. The issue is priced at ₹45 per share. The minimum order quantity is 3000 Shares.
The IPO opens on February 15, 2024, and closes on February 20, 2024.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Kalahridhaan Trendz IPO using UPI as a payment gateway. Zerodha customers can apply in Kalahridhaan Trendz IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Kalahridhaan Trendz IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Kalahridhaan Trendz IPO opens on February 15, 2024 and closes on February 20, 2024.
Kalahridhaan Trendz IPO lot size is 3000 Shares, and the minimum amount required is ₹135,000.
You can apply in Kalahridhaan Trendz 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 Kalahridhaan Trendz IPO will be done on Wednesday, February 21, 2024, and the allotted shares will be credited to your demat account by Thursday, February 22, 2024. Check the Kalahridhaan Trendz IPO allotment status.
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