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 ₹ 660.34 Lacs.
The company has 155 employees (including temporary workers) on its payroll.
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
The promoters of the company are Mrs Indubala Subhash Vora, Mr Sachin Subhash Vora, and Mr Sumit Subhash Vora.
|Particulars||For the year/period ended (in Rs. Lakhs)|
|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
|Issue Open||Feb 14, 2019 - Feb 20, 2019|
|Issue Type||Fixed Price Issue IPO|
|Issue Size||2,319,000 Eq Shares of Rs 10 |
(aggregating up to Rs 8.58 Cr)
|Fresh Issue||1,752,000 Eq Shares of Rs 10 |
(aggregating up to Rs 6.68 Cr)
|Offer for Sale||567,000 Eq Shares of Rs 10 |
(aggregating up to Rs 2.10 Cr)
|Face Value||Rs 10 Per Equity Share|
|Issue Price||Rs 37 Per Equity Share|
|Market Lot||3000 Shares|
|Min Order Quantity||3000 Shares|
|Listing At||BSE SME|
|Pre Issue Share Holding||68.18%|
|Post Issue Share Holding||54.61%|
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