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
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) | |||||
|---|---|---|---|---|---|---|
| 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
| 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 Size | 2,319,000 Eq Shares of ₹10 (aggregating up to ₹8.58 Cr) |
| Fresh Issue | 1,752,000 Eq Shares of ₹10 (aggregating up to ₹6.68 Cr) |
| Offer for Sale | 567,000 Eq Shares of ₹10 (aggregating up to ₹2.10 Cr) |
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 |
| Pre Issue Share Holding | 68.18% |
| Post Issue Share Holding | 54.61% |
Related Articles
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)
| Category | IPO Subscription |
|---|---|
| NII | 1.26x |
| RII | 1.31x |
| Total | 1.29x |
| Listing Date | Thursday, February 28, 2019 |
| BSE Script Code | 542459 |
| NSE Symbol | |
| Listing In | MT |
| ISIN | INE911T01010 |
| IPO Price | ₹37 per equity share |
| Face Value | ₹10 per equity share |
|
|
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
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai - 400083
Phone: +91-22-4918 6270
Email: kranti.ipo@linkintime.co.in
Website: http://www.linkintime.co.in
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.
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Commercial production started for the JV of Rajkot. See company informs their investor out each and every activity unlike other sme listed company