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Incorporated in 1995, Pune based Kranti Industries Limited is a company engaged in the business of manufacturing and supplying of precision machined components. The company is primarily known for a range of automotive component and non-automotive (off highway) components.
The company manufactures different types of automotive components varying from 100 MM to 1200 MM in size. It also manufactures customized products for reputed Original Equipment Manufacturers (OEMs) of diverse industries such as passenger cars, electric cars, two-wheelers, light vehicles, tractors, construction machinery, off-highway, heavy trucks and railways etc.
Over the years Kranti Industries has diversified its product portfolio. It currently caters to various sectors by developing components for automobile, commercial vehicle, construction, pneumatic tool, windmill, medical industry, etc.
The company's client base includes Graziano Transmission India Pvt. Ltd, John Deere India Pvt. Ltd, CNH Industrial (India) Private Limited formerly known as (New Holland Fiat (I) Pvt. Ltd), Carraro India Pvt. Ltd, Jaya Hind Industries Limited, Endurance Technologies limited, Neosym Industry Limited (Sanaswadi) and Meltwel Scrap Traders, etc.
The company has two manufacturing facilities located at Pune, Maharashtra.
The current Order Book of the company, as on November 30, 2018, is approximately Rs 660.34 Lacs.
The company has 155 employees (including temporary workers) on its payroll.
Competitive Strengths:
1. More than 20 years of experience
2. Stable customer base with 10 largest customers accounting for around 96% of total domestic sales
3. Diverse product portfolio catering to different market needs
4. Well established manufacturing facilities located at automotive hub
| IPO Date | Feb 14, 2019 to Feb 20, 2019 |
| Listing Date | Feb 28, 2019 |
| Face Value | ₹10 per share |
| Price | ₹37 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 2,319,000 shares (aggregating up to ₹8.58 Cr) |
| Fresh Issue | 1,752,000 shares (aggregating up to ₹6.68 Cr) |
| Offer for Sale | 567,000 shares of ₹10 (aggregating up to ₹2.10 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Other Shares Offered | 1,101,000 (50.00%) |
| Retail Shares Offered | 1,101,000 (50.00%) |
| Market Maker portion | 117,000 shares |
| Total Shares Offered | 2,202,000 |
The Kranti Industries IPO lot size is 3000 shares.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹111,000 |
| Retail (Max) | 1 | 3000 | ₹111,000 |
| Lot Size Calculator | |||
The promoters of the company are Mrs Indubala Subhash Vora, Mr Sachin Subhash Vora, and Mr Sumit Subhash Vora.
| Pre Issue Share Holding | 68.18% |
| Post Issue Share Holding | 54.61% |
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 30-Sep-18 | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | |||
| Total Assets | 5,015.10 | 4,378.06 | 4,401.16 | 4,135.49 | ||
| Total Revenue | 3,321.91 | 4,610.92 | 2,925.19 | 2,884.41 | ||
| Profit After Tax | 137.14 | 89.97 | (92.85) | (21.02) | ||
The Offer comprises a Fresh Issue of 17,52,000 Equity Shares and an Offer for Sale of 5,67,000 Equity Shares, the Selling Shareholder. The Selling Shareholder will be entitled to the proceeds from the Offer for Sale. The Company will not receive any proceeds from the Offer for Sale. The Objects of the fresh Issue are-
1. To meet the working capital requirement
2. For General Corporate Purposes
3. To Meet the Issue Expenses
[Dilip Davda] Kranti Industries have a diverse product range. It is catering to major segments in moving equipment/automobile sectors across the board. It also has a few specialized components (for EVs) under development. With all these factors, it is posed for bright prospects ahead. FY18 and H! FY19 is hinting at growth pattern. Investors may consider it for long term rewards. Read detail review...
The Kranti Industries IPO is subscribed 1.29 times on Feb 20, 2019 7:49:03 PM. The public issue subscribed 1.31 times in the retail category, times in the QIB category, and 1.26 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 1.26 |
| Retail | 1.31 |
| Total | 1.29 |
Related Articles
| Listing Date | Feb 28, 2019 |
| BSE Script Code | 542459 |
| NSE Symbol | |
| ISIN | INE911T01010 |
| Final Issue Price | ₹37 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹37.00 |
| ₹35.25 |
| ₹35.25 |
| ₹37.00 |
| ₹36.95 |
Kranti Industries Limited
Gat No.267/B/1,
Post Pirangut, Tal. Mulshi,
Pune- 412 115
Phone: +91-20-6675 5676
Email: cs@krantiindustries.com
Website: http://www.krantiindustries.com/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: kranti.ipo@linkintime.co.in
Website: https://linkintime.co.in/
Are you an SME company looking for an IPO to raise funds and get listed in the stock market? We can help. Contact us today... SME IPO Enquiry Form
Kranti Industries IPO is a SME IPO of 2,319,000 equity shares of the face value of ₹10 aggregating up to ₹8.58 Crores. The issue is priced at ₹37 per share. The minimum order quantity is 3000 Shares.
The IPO opens on Feb 14, 2019, and closes on Feb 20, 2019.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Kranti Industries IPO opens on Feb 14, 2019 and closes on Feb 20, 2019.
Kranti Industries IPO lot size is 3000 Shares and the minimum order quantity is .
You can apply in Kranti 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 Kranti Industries IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Kranti Industries IPO allotment status.
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RHP
IPO Guru (1600+ Posts, 900+ Likes)
Commercial production started for the JV of Rajkot. See company informs their investor out each and every activity unlike other sme listed company