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Kranti Industries Limited IPO (Kranti Industries IPO) Detail

Feb 14, 2019 - Feb 20, 2019

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

Company Promoters:

The promoters of the company are Mrs Indubala Subhash Vora, Mr Sachin Subhash Vora, and Mr Sumit Subhash Vora.

Company Financials:

Summary of financial Information (Restated)
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)

Objects of the Issue:

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

Kranti Industries IPO Details

IPO Opening Date Feb 14, 2019
IPO Closing Date Feb 20, 2019
Issue Type Fixed Price Issue IPO
Face Value ₹10 per equity share
IPO Price ₹37 per equity share
Market Lot 3000 Shares
Min Order Quantity 3000 Shares
Listing At BSE SME
Issue Size2,319,000 Eq Shares of ₹10
(aggregating up to ₹8.58 Cr)
Fresh Issue1,752,000 Eq Shares of ₹10
(aggregating up to ₹6.68 Cr)
Offer for Sale567,000 Eq Shares of ₹10
(aggregating up to ₹2.10 Cr)

Kranti Industries IPO Lot Size

The Kranti Industries IPO market lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹111,000).

Application Lots Shares Amount (Cut-off)
Minimum 1 3000 ₹111,000
Maximum 1 3000 ₹111,000

Kranti Industries IPO Promoter Holding

Pre Issue Share Holding 68.18%
Post Issue Share Holding 54.61%

Kranti Industries IPO Subscription Status (Bidding Detail)

The Kranti Industries IPO is subscribed 1.29x times on Feb 20, 2019 19:49. The public issue subscribed 1.31x in the retail category, in the QIB category, and 1.26x in the NII category. Check Day by Day Subscription Details (Live Status)

CategoryIPO Subscription
NII

1.26x

RII

1.31x

Total

1.29x

Kranti Industries IPO Prospectus

Kranti Industries IPO Rating

78
3.9
Rating:Rated 3.9 stars
Vote Here ...

Kranti Industries IPO Listing Date

Listing Date Thursday, February 28, 2019
BSE Script Code 542459
NSE Symbol
Listing In MT Group of Securities
ISIN INE911T01010
IPO Price ₹37 per equity share
Face Value ₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹37.00
₹35.25
₹35.25
₹37.00
₹36.95

Company Contact Information

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/

Kranti Industries IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: kranti.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

Kranti Industries IPO Reviews / Ratings

Kranti Industries IPO FAQs

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 equity 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 3000 Shares.

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, Edelweiss, 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.

The Kranti Industries IPO listing date is on Thursday, February 28, 2019.

Kranti Industries IPO Message Board

Ranked Members  Ranked Members

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59. Priyanka Meghwal |Mar 12, 2019 20:05
https://www.bseindia.com/corporates/anndet_new.aspx?newsid=0ab839f5-ec80-4c02-afa2-12d23ef97562

Commercial production started for the JV of Rajkot. See company informs their investor out each and every activity unlike other sme listed company
58. Priyanka Meghwal |Mar 7, 2019 18:03
https://www.bseindia.com/corporates/anndet_new.aspx?newsid=8519617b-336c-4e8e-8fde-1c04bddba5d0

Intimation regarding Inauguration of Joint Venture named as KRANTI SFCI PVT LTD. pursuant to Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.

Just 4 trading sessions of listing & company has mentioned about its Rajkot JV in prospectus & it has made the announcement. Good corporate governance
58.1. RT |Mar 7, 2019 18:27
What does it mean? Kranti ka share badhega Kya ??
58.2. Priyanka Meghwal |Mar 11, 2019 00:17
100 % badhega. Koi doubt he nahi hai. Corporate governance bahot Accha hai.
57. RT |Mar 1, 2019 17:02
Sab kuchh Ulta - pulta ho raha hai. Kamaai ka time gaya.
56. Small Investor |Feb 28, 2019 12:58
IPO Guru IPO Guru (1400+ Posts, 800+ Likes)
Jisko UC pr hona chahiy wo LC pr h and jisko LCpr hona chhahiy wo UC pr h
Kranti on UC
Mindpool on LC
55. Small Investor |Feb 28, 2019 09:53
IPO Guru IPO Guru (1400+ Posts, 800+ Likes)
Dear Admin please Upload Application Wise Subscription of Kranti and Mindpoll tch.
54. Priyansh Agrawal |Feb 28, 2019 09:49
Sold 36.95
53. RAJAKUMAR |Feb 28, 2019 09:06
IPO Guru IPO Guru (1400+ Posts, 1100+ Likes)
Sold last lot at 36 No regret
53.1. Small Investor |Feb 28, 2019 09:34
IPO Guru IPO Guru (1400+ Posts, 800+ Likes)
now UC
52. RAJAKUMAR |Feb 28, 2019 08:50
IPO Guru IPO Guru (1400+ Posts, 1100+ Likes)
i Booked loss in two lots at 35.25
52.1. shivani |Feb 28, 2019 09:01
bad luck
51. Priyansh Agrawal |Feb 26, 2019 16:40
Allotment out
50. Dinesh Singh |Feb 25, 2019 09:14
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
Allotment will be out taday.
49. Dinesh Singh |Feb 18, 2019 10:11
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
Due to possibility of conflict/war between India and Pakistan market may crash down.
Hence please think before applying to any IPO.
It is issued in the public interest.
49.4. SME AWARENESS |Feb 18, 2019 12:22
U r correct sir, as of now i have seen HNI application is 80% of the total application, so i think we should apply. Plz suggest.
49.5. Dinesh Singh |Feb 18, 2019 12:43
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
It is 47% and not 80%.
48. SME AWARENESS |Feb 17, 2019 20:45
Grey Market Premium is Rs. 4,500.Must apply for listing gain
48.1. SMEconsultants |Feb 18, 2019 12:28
In Ahmedabad and Jaipur
47. smeanalysts |Feb 14, 2019 10:13
It will be available below 25 rs after some time post listing . Clear avoid this high debt and previous loss making coMpany.
47.1. Anjali Khushlani |Feb 16, 2019 11:00
Have u really gone through company's profile ...
The technology they have are very few in India...

47.2. SME AWARENESS |Feb 17, 2019 12:06
Can u give the guarantee for this, as per my view 5% listing gain is sure shot.
46. SME AWARENESS |Feb 17, 2019 11:53
After reviewing the company profile, my view is that investors should apply in this IPO for a fantastic return in long term, the same has been suggested by Dilip sir as well.
45. Anjali Khushlani |Feb 16, 2019 10:58
Hi...
Looking to invest in both mind pool n kranti

Please suggest ...
44. Small Investor |Feb 14, 2019 20:13
IPO Guru IPO Guru (1400+ Posts, 800+ Likes)
पुलवामा आतंकी हमले में शहीद हुये हमारे जांबाज, बहादुर ,हमारे रक्षक,जवानों को शत शत नमन । पकिस्तान मुर्दाबाद पकिस्तान मुर्दाबाद..
43. To The Point |Feb 14, 2019 14:04
Looks a good buy, can make profit on listing
42. smeanalysts |Feb 13, 2019 12:45
listing wale din discount opening
41. Stock Trading Advisor |Feb 8, 2019 23:44
This message has been removed by a moderator.
41.5. smeanalysts |Feb 12, 2019 17:27
i think you need to check your eyes number.
It is at 71.20 which is very nearby issue price and once cross 73 will reach 100 with no stopping
41.6. smeanalysts |Feb 12, 2019 17:35
stockwatchwill face heavy loss as company will not pay him salary this month .
he is saying again and again back to back lower corcuit wherease it has not hit any LC since last 2 days
it is consolidating near issue price and will soon surpass 75 to cross 100+ in coming days
40. smeanalysts |Feb 12, 2019 11:52
POSTING HEAVY LOSSES IN PREVIOUS YEARS AND ALSO HAVE HEAVY DEBT

THE LEAD MANAGER IS NEW WITH NOONE HAS EVER KNOWN ITS NAME

SMC GLOBAL HAS BAD REPUTATION

DOES ANYONE STILL WANT TO APPLY?