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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 ₹ 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

Issue OpenFeb 14, 2019 - Feb 20, 2019
Issue TypeFixed Price Issue IPO
Issue Size2,319,000 Eq Shares of Rs 10
(aggregating up to Rs 8.58 Cr)
Fresh Issue1,752,000 Eq Shares of Rs 10
(aggregating up to Rs 6.68 Cr)
Offer for Sale567,000 Eq Shares of Rs 10
(aggregating up to Rs 2.10 Cr)
Face ValueRs 10 Per Equity Share
Issue PriceRs 37 Per Equity Share
Market Lot3000 Shares
Min Order Quantity3000 Shares
Listing AtBSE SME

Kranti Industries IPO Promoter Holding

Pre Issue Share Holding68.18%
Post Issue Share Holding54.61%

Related Articles

Kranti Industries IPO Subscription Status (Bidding Detail)

Kranti Industries IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

NII

RII

Total

Shares Offered

1,101,000

1,101,000

2,202,000

Feb 19, 2019 11:09

0.55x

0.17x

0.36x

Kranti Industries IPO Prospectus

Kranti Industries IPO Rating

71
3.9
Rating:Rated 3.9 stars

Vote Here ...

Kranti Industries IPO Reviews / Ratings

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   »  Report
   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 Lead Manager(s)

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Kranti Industries IPO Review / Comments

avatar
49. Dinesh Singh  Feb 18, 2019 10:11 I Like It. | Report Abuse Reply
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.
avatar
49.4. SME AWARENESS  Feb 18, 2019 12:22 I Like It. | Report Abuse
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.
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49.5. Dinesh Singh  Feb 18, 2019 12:43 I Like It. | Report Abuse
It is 47% and not 80%.
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48. SME AWARENESS  Feb 17, 2019 20:45 I Like It. | Report Abuse Reply
Grey Market Premium is Rs. 4,500.Must apply for listing gain
avatar
48.1. SMEconsultants  Feb 18, 2019 12:28 I Like It. | Report Abuse
In Ahmedabad and Jaipur
avatar
47. smeanalysts  Feb 14, 2019 10:13 I Like It. 1 | Report Abuse Reply
It will be available below 25 rs after some time post listing . Clear avoid this high debt and previous loss making coMpany.
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47.1. Anjali Khushlani  Feb 16, 2019 11:00 I Like It. | Report Abuse
Have u really gone through company's profile ...
The technology they have are very few in India...

avatar
47.2. SME AWARENESS  Feb 17, 2019 12:06 I Like It. | Report Abuse
Can u give the guarantee for this, as per my view 5% listing gain is sure shot.
avatar
46. SME AWARENESS  Feb 17, 2019 11:53 I Like It. | Report Abuse Reply
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.
avatar
45. Anjali Khushlani  Feb 16, 2019 10:58 I Like It. | Report Abuse Reply
Hi...
Looking to invest in both mind pool n kranti

Please suggest ...
avatar
44. Small Investor  Feb 14, 2019 20:13 I Like It. 1 | Report Abuse Reply
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
पुलवामा आतंकी हमले में शहीद हुये हमारे जांबाज, बहादुर ,हमारे रक्षक,जवानों को शत शत नमन । पकिस्तान मुर्दाबाद पकिस्तान मुर्दाबाद..
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43. To The Point  Feb 14, 2019 14:04 I Like It. 1 | Report Abuse Reply
Looks a good buy, can make profit on listing
avatar
42. smeanalysts  Feb 13, 2019 12:45 I Like It. | Report Abuse Reply
listing wale din discount opening
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41. Stock Trading Advisor  Feb 8, 2019 23:44 I Like It. 2 | Report Abuse Reply
This message has been removed by a moderator.
avatar
41.5. smeanalysts  Feb 12, 2019 17:27 I Like It. 1 | Report Abuse
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
avatar
41.6. smeanalysts  Feb 12, 2019 17:35 I Like It. 1 | Report Abuse
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
avatar
40. smeanalysts  Feb 12, 2019 11:52 I Like It. | Report Abuse Reply
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?
avatar
39. smeanalysts  Feb 12, 2019 10:11 I Like It. | Report Abuse Reply
Stay away market maker is smc gLobal with very bad reputation
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38. smeanalysts  Feb 11, 2019 13:03 I Like It. | Report Abuse Reply
Value investing growth
Stop making Nonsense comments. Ritco listed at 77
There has been no lc on Friday as well as today. Stock will perform good even in long run. Just wait and watch.
avatar
38.9. Priyanka Meghwal  Feb 11, 2019 23:19 I Like It. | Report Abuse
Smeanalysts- anyone disagrees with you become company's agent. I simple said the Ritco price nose dived. Now whether volume happens or not investor lost money. And please don't be abusive.
avatar
38.10. smeanalysts  Feb 12, 2019 08:41 I Like It. | Report Abuse
Can you please explain how and when ritco price nosedived. Do you know meaning of nosedive. Noone lost anything in ritco but in kranti everyone will lose money
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37. Darsh ipo  Feb 11, 2019 23:13 I Like It. | Report Abuse Reply
Rajkot which broker give a 1000 and 3500 rs...in kranti...plz...telll
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36. smeanalysts  Feb 11, 2019 17:12 I Like It. 1 | Report Abuse Reply
people it will list at discount. see the company agents work is only to promote this company shows they have no confidence on getting issue subscribed.

lets make it no subscription at all and let company agent subscribe and put fake bids
avatar
35. smeanalysts  Feb 11, 2019 15:01 I Like It. 3 | Report Abuse Reply
it is pathetic issue. please avoid at all cost.
high debt
no name for lead manager
have post losses for many years and just before ipo shown profit

smc global market maker have very bad track record .

Please avoid this as fair price is not more than 15 rs.
avatar
34. Small Investor  Feb 11, 2019 14:57 I Like It. | Report Abuse Reply
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
I Will go for Apply in Kranti and Mindpool
avatar
33. Priyanka Meghwal  Feb 11, 2019 13:47 I Like It. | Report Abuse Reply
Kranti industry- Application rate Rs 1000
S to S: 3500
Rajkot broker quoted
avatar
32. Valueinvestinggrowth  Feb 11, 2019 12:52 I Like It. 1 | Report Abuse Reply
Smeanalysts- you are making your own fun. Plz check the ritco price. It is seller circuit and readin at Rs 69.55. Investors have bleeded heavily on your recommended. Back to back seller circuit in ritco. Beware from smeanalyst
avatar
31. smeanalysts  Feb 11, 2019 06:40 I Like It. 1 | Report Abuse Reply
This company has been posting losses earlier and just before IPO it came into profits. They have huge debt and low profits. Also market maker is not trustworthy with earlier bad track record. Please avoid this otherwise get ready to lose money.
avatar
30. Tally Experts  Feb 9, 2019 11:14 I Like It. | Report Abuse Reply
mujhe SME IPO m Invest krna h koi bta sakta h inme se konsa Stock Acha Rhega
Innovators fasad
softtech engineers
oswal seeds
lexus granito
CMM Projects
Sarveshwar Foods
Jhandewala Foods
Lagnam Spintex
kyoki all above stock are below issue prices and Resealable prices
pls help
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