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Kranti Industries IPO is a fixed price issue of Rs 8.58 crores. The issue is a combination of fresh issue of 17.52 lakh shares aggregating to Rs 6.68 crores and offer for sale of 5.67 lakh shares aggregating to Rs 2.10 crores.
Kranti Industries IPO bidding started from February 14, 2019 and ended on February 20, 2019. The shares got listed on BSE SME on February 28, 2019.
Kranti Industries IPO price is ₹37 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹111,000.
Fast Track Finsec Pvt Ltd is the book running lead manager of the Kranti Industries IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Kranti Industries IPO RHP for detailed information.
| IPO Date | February 14, 2019 to February 20, 2019 |
| Listing Date | February 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 |
| Market Maker portion | 117,000 shares |
Kranti Industries IPO offers 2,319,000 shares. 1,101,000 (47.48%) to NII, 1,101,000 (47.48%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 117,000 (5.05%) |
| Other Shares Offered | 1,101,000 (47.48%) |
| Retail Shares Offered | 1,101,000 (47.48%) |
| Total Shares Offered | 2,319,000 (100%) |
Investors can bid for a minimum of 3000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| 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.
| Share Holding Pre Issue | 68.18% |
| Share Holding Post Issue | 54.61% |
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
| 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 February 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 | February 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/initial_offer/public-issues.html
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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 February 14, 2019, and closes on February 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 February 14, 2019 and closes on February 20, 2019.
Kranti Industries IPO lot size is 3000 Shares, and the minimum amount required is ₹111,000.
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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