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Krishca Strapping Solutions Limited IPO (Krishca Strapping Solutions IPO) Detail

May 16, 2023 - May 19, 2023

Krishca Strapping Solutions IPO is a book built issue of Rs 17.93 crores. The issue is entirely a fresh issue of 33.2 lakh shares.

Krishca Strapping Solutions IPO bidding started from May 16, 2023 and ended on May 19, 2023. The allotment for Krishca Strapping Solutions IPO was finalized on Wednesday, May 24, 2023. The shares got listed on NSE SME on May 26, 2023.

Krishca Strapping Solutions IPO price band is set at ₹51 to ₹54 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹108,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹216,000.

Share India Capital Services Private Limited is the book running lead manager of the Krishca Strapping Solutions IPO, while Purva Sharegistry India Pvt Ltd is the registrar for the issue. The market maker for Krishca Strapping Solutions IPO is Share India Securities.

Refer to Krishca Strapping Solutions IPO RHP for detailed information.

Krishca Strapping Solutions IPO Details

IPO Date May 16, 2023 to May 19, 2023
Listing Date May 26, 2023
Face Value ₹10 per share
Price Band ₹51 to ₹54 per share
Lot Size 2000 Shares
Total Issue Size3,320,000 shares
(aggregating up to ₹17.93 Cr)
Fresh Issue3,320,000 shares
(aggregating up to ₹17.93 Cr)
Issue Type Book Built Issue IPO
Listing At NSE SME
Share holding pre issue8,750,000
Share holding post issue12,070,000
Market Maker portion300,000 shares
Share India Securities

Krishca Strapping Solutions IPO Reservation

Krishca Strapping Solutions IPO offers 3,620,000 shares. 1,208,000 (33.37%) to QIB, 362,400 (10.01%) to NII, 845,600 (23.36%) to RII 904,000 (24.97%) to Anchor investors.

Investor Category Shares Offered
Anchor Investor Shares Offered904,000 (24.97%)
Market Maker Shares Offered300,000 (8.29%)
QIB Shares Offered1,208,000 (33.37%)
NII (HNI) Shares Offered362,400 (10.01%)
Retail Shares Offered845,600 (23.36%)
Total Shares Offered3,620,000 (100%)

Krishca Strapping Solutions IPO Timeline (Tentative Schedule)

Krishca Strapping Solutions IPO opens on May 16, 2023, and closes on May 19, 2023.

IPO Open Date Tuesday, May 16, 2023
IPO Close Date Friday, May 19, 2023
Basis of Allotment Wednesday, May 24, 2023
Initiation of Refunds Thursday, May 25, 2023
Credit of Shares to Demat Friday, May 26, 2023
Listing Date Friday, May 26, 2023
Cut-off time for UPI mandate confirmation 5 PM on May 19, 2023

Krishca Strapping Solutions IPO Lot Size

Investors can bid for a minimum of 2000 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 2000 ₹108,000
Retail (Max) 1 2000 ₹108,000
HNI (Min) 2 4,000 ₹216,000
Lot Size Calculator

Krishca Strapping Solutions IPO Promoter Holding

Mr. Lenin Krishnamoorthy Balamanikandan is the company promoter.

Share Holding Pre Issue 86.34%
Share Holding Post Issue 62.6%

About Krishca Strapping Solutions Limited

Incorporated in 2017, Krishca Strapping Solutions Limited is a manufacturer and wholesaler of Strapping Tools and Strapping Seal.

The company has a manufacturing facility in Chennai with a capacity of 18,000 MT of steel straps and 80 million Seals per annum.

Krishca Strapping Solutions' product range includes:

  • PLC Controlled automatic production line.
  • Automated heat treatment process-Uniform grain structure.
  • Pollution-free production process - Lead-free.
  • Super Jumbo coils upto 500 Kg

The steel strap quality requirements of the company are in compliance with American, European, and Indian standards. That is IS 5872:1990 - Cold rolled steel straps (box strappings) specification; ASTM D-3953 - Standard Specification for Strapping, Flat Steel and Seals; and BS EN 13246:2001 - Packaging.

Krishca Strapping Solutions has a team of 50 employees working for them.

Company Financials

Krishca Strapping Solutions Limited Financial Information (Restated Standalone)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of Krishca Strapping Solutions IPO is Rs 65.18 Cr.

Pre IPO Post IPO
EPS (Rs) 15.71
P/E (x) 3.43

Objects of the Issue (Krishca Strapping Solutions IPO Objectives)

The company intends to utilize the net proceeds from the issue towards the funding of the following objects:

  1. Capital Expenditure for setting up of New Strapping Line
  2. Repayment of certain secured borrowings in full
  3. General corporate expenses and issue expenses

Krishca Strapping Solutions IPO Review (Apply)

[Dilip Davda]  KSSL has created a niche place and increased its market share within a short span. It is now adding one more production line to meet the demand and also repaying partial debt resulting in increased earnings. Based on its FY23 performance, the issue is lucratively priced. Investors may consider parking funds for medium to long-term rewards. Read detail review...

Krishca Strapping Solutions IPO Subscription Status (Bidding Detail)

The Krishca Strapping Solutions IPO is subscribed 336.57 times on May 19, 2023 7:29:00 PM. The public issue subscribed 572.83 times in the retail category, 36.10 times in the QIB category, and 786.89 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Total Application : 242,194 (572.56 times)

Krishca Strapping Solutions IPO Rating

Rating:Rated 3.6 stars
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Krishca Strapping Solutions IPO Listing Details

Listing Date May 26, 2023
BSE Script Code
Final Issue Price ₹54 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

Check IPO Performance…

Krishca Strapping Solutions Limited Contact Details

Krishca Strapping Solutions Limited
Building 01B,
LOGOS Mappedu Logistics Park Sathara,
Thiruvallur Taluk Thiruvallur District - 631203
Phone: +91-9884111098

Krishca Strapping Solutions IPO Registrar

Purva Sharegistry India Pvt Ltd

Phone: +91-022-23018261/ 23016761

Krishca Strapping Solutions IPO - Buy or Not

Krishca Strapping Solutions IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 7 1 0

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Krishca Strapping Solutions IPO FAQs

Krishca Strapping Solutions IPO is a SME IPO of 3,320,000 equity shares of the face value of ₹10 aggregating up to ₹17.93 Crores. The issue is priced at ₹51 to ₹54 per share. The minimum order quantity is 2000 Shares.

The IPO opens on May 16, 2023, and closes on May 19, 2023.

Purva Sharegistry India Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Zerodha customers can apply online in Krishca Strapping Solutions IPO using UPI as a payment gateway. Zerodha customers can apply in Krishca Strapping Solutions IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Krishca Strapping Solutions IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Krishca Strapping Solutions IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Krishca Strapping Solutions IPO opens on May 16, 2023 and closes on May 19, 2023.

Krishca Strapping Solutions IPO lot size is 2000 Shares, and the minimum amount required is ₹108,000.

You can apply in Krishca Strapping Solutions 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 Krishca Strapping Solutions IPO will be done on Wednesday, May 24, 2023, and the allotted shares will be credited to your demat account by Friday, May 26, 2023. Check the Krishca Strapping Solutions IPO allotment status.

The Krishca Strapping Solutions IPO listing date is on May 26, 2023.
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Krishca Strapping Solutions IPO Message Board

Ranked Members of Forum  Ranked Members | Members with Most Likes



360. ManishDwiv |   Link |  Bookmark |June 14, 2023 7:25:01 PM
Top Contributor Top Contributor (500+ Posts, 200+ Likes)
Mravi sir sold 64000 shares today.
360.1. Takamichi |   Link |  Bookmark |June 19, 2023 11:36:21 PM
IPO Mentor IPO Mentor (800+ Posts, 700+ Likes)
Many new IPOs r coming management
359. Ravinder Singh Kachoora |   Link |  Bookmark |June 9, 2023 11:26:19 AM
Anyone can suggest the exit price for this
359.1. Logij Kumar |   Link |  Bookmark |June 9, 2023 7:10:56 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
When? Time?
359.2. SJogi |   Link |  Bookmark |June 10, 2023 9:51:40 AM
IPO Mentor IPO Mentor (800+ Posts, 800+ Likes)
Hold for minimum 1 months.
358. Sweetypandya |   Link |  Bookmark |June 2, 2023 9:40:08 AM
KRISHCA STRAPPING “To consider and approve the financial results for the period ended March 31, 2023      Financial Results on 08-Jun-2023”
What we will expect here? Anyone have idea? Thank You.
358.1. MRavichandran |   Link |  Bookmark |June 2, 2023 12:38:43 PM
IPO Guru IPO Guru (2000+ Posts, 2700+ Likes)
it would be good as per my guess as they are growing fast in last few quarters.
this result update only for 45 days.

357. Noorul |   Link |  Bookmark |June 1, 2023 3:51:00 PM
Added one lot today. Hope there will be a turnaround.
356. Beingstrong |   Link |  Bookmark |June 1, 2023 9:37:45 AM
Bought 1lot at uc 101.60.
355. Logij Kumar |   Link |  Bookmark |June 1, 2023 9:18:50 AM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Bought 1 lot today @96 for long.
355.1. Logij Kumar |   Link |  Bookmark |June 1, 2023 9:26:24 AM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Will buy more lots in 70s and 50s, if operaters being it to that level. Let's see. (Not a recommendation to buy, take your own decision).
354. Sweetypandya |   Link |  Bookmark |May 31, 2023 1:00:23 PM
@ImhilliSir.. Actually I m new and I made a mistake. I bought big lot(16000 share on 114rs) Before KRISHCA listening every site & everyone given positive reviews. Now all opinions are coming on bearish. 4th LC is Today. Sir any idea when it will be open and what’s future, I’ll be expected on KRISHCA? Bcos I used my all money in one stock.. how many days will be expected here?
354.3. SMEARV |   Link |  Bookmark |May 31, 2023 9:55:11 PM (300+ Posts)
@Imhilli Today only 86000 share traded and 6lacs share where on selling side. It will not open LC till a big buying comes. It may be go for 2 more LC.
May be big guys want share to go more down so they can buy it at lower price. The same Down side happened in Robu and look what happened after that.
Note : This is not a recommendation for selling or buying. It is just a observation from my side I may be wrong.
354.4. Imhilli |   Link |  Bookmark |June 1, 2023 2:39:46 PM
IPO Guru IPO Guru (1200+ Posts, 700+ Likes)
Hope you are relaxed now.
353. smart man |   Link |  Bookmark |May 31, 2023 9:31:52 AM
This is heart breaking 😢, I purchased this on listing at a very high price, thinking it will move up 🚀
352. Jonsnow |   Link |  Bookmark |May 30, 2023 11:36:43 AM (300+ Posts)
At what price one should enter in it?...
352.5. Allan |   Link |  Bookmark |May 30, 2023 6:34:56 PM (200+ Posts)
What an irony for an ipo that was subscribed 336 times continues to be in LC and most likely going by present trends with the way everyone is queing up to sell their shares, they look like the will be happy to sell even at 1 rs premium.

They were 2 IPOs this one and Remus that closed together, DD sir gave an avoid rating to remus and it's performing extremely level ironically and in UC. I guess sme ipos remains a grey area that no one can UNDERSTAND and higher subscription figures are only an eye wash like krischa has proved.

On another note, I'm still wondering how the so called GMP buyers make money .. Most of the smes hardly sustain their GMP.
352.6. Imhilli |   Link |  Bookmark |May 30, 2023 10:30:48 PM
IPO Guru IPO Guru (1200+ Posts, 700+ Likes)
Better to avoid highly negative comments based on just gut feeling. Many new investors may panic and take a abrupt decision. Comments based on data analysis and technical information are most welcome.
So far I couldn't get any fundamental reason which will trigger such a deap correction. It might have gone under operators play.

My apology if I hurt anyone.
351. IPOse Dukhi Atma |   Link |  Bookmark |May 30, 2023 11:41:09 AM
Heavy LC today ! Don't think it will open tomorrow. Probably on Thurs, it should open
350. Logij Kumar |   Link |  Bookmark |May 30, 2023 10:16:10 AM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Who is in hurry to sell this great company?
349. arvindarvind |   Link |  Bookmark |May 29, 2023 9:35:54 AM
Top Contributor Top Contributor (900+ Posts, 200+ Likes)
Max to max 2 to 3 more LC.
LC may open day after tomorrow....
349.5. gala |   Link |  Bookmark |May 30, 2023 11:32:31 AM
IPO Mentor IPO Mentor (500+ Posts, 200+ Likes)
Sellers soo heavy might fall another 25%
349.6. arvindarvind |   Link |  Bookmark |May 30, 2023 12:43:17 PM
Top Contributor Top Contributor (900+ Posts, 200+ Likes)
Tomorrow or day after tomorrow circuit will be open
Let's see
348. SJogi |   Link |  Bookmark |May 29, 2023 9:39:57 AM
IPO Mentor IPO Mentor (800+ Posts, 800+ Likes)
bought 2 lots today at LC.
will buy more if LC is there tomorrow.
348.10. MRavichandran |   Link |  Bookmark |June 1, 2023 5:40:35 AM
IPO Guru IPO Guru (2000+ Posts, 2700+ Likes)
As many advised, you have made a big bet in first instance. Not all stocks pre open buys give return immediately. The company is good, please be patient for LC to break. If you are a long term investor, no need to panic about it now. I am holding all my lots and no intention to sell any time soon.
All the best 
Hope all is well with you. all the best for your present and future investments 

348.11. Imhilli |   Link |  Bookmark |June 1, 2023 2:44:17 PM
IPO Guru IPO Guru (1200+ Posts, 700+ Likes)
@MRavichandran Sir, thanks for your wishes. Your presence and comments add huge value to this forum
347. Gabreil |   Link |  Bookmark |May 29, 2023 9:21:07 AM
Please advise should I hold or sell ?
346. Neeljuh |   Link |  Bookmark |May 29, 2023 9:18:34 AM
Again LC .. :(
345. Gabreil |   Link |  Bookmark |May 29, 2023 12:47:03 AM
I have 1 lot.
Please advise should I update autosell at 109 ?
Should I sell or hold ?
344. sandeep manisha |   Link |  Bookmark |May 27, 2023 9:10:12 PM
company 2023 result very good watch and redar
343. Mahavir dugar |   Link |  Bookmark |May 27, 2023 5:36:19 PM
NII Subscription was 786 times and retail was 573 times if you are the Luckiest one among 573 applicant then do not lose your luck in a hurry . Be patient and you will be rewarded handsomely in next 1-2 months.
342. Mahavir dugar |   Link |  Bookmark |May 27, 2023 5:28:33 PM

MULTIPLIER SHARE & STK       BUY      70,000      117.17      

RAGHAV KAROL HUF      BUY      1,00,000      118.80      

SELVAMURTHY AKIL      BUY      70,000      117.98      

SETU SECUS PVT LTD       BUY 64,000      114.93

SHARE INDIA SEC LTD      SELL      1,00,000
342.1. Imhilli |   Link |  Bookmark |May 29, 2023 12:29:36 AM
IPO Guru IPO Guru (1200+ Posts, 700+ Likes)
Selvamurthy is our MRAVI Sir
342.2. Logij Kumar |   Link |  Bookmark |May 29, 2023 6:08:35 AM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Nowadays, bulk deals mean further downfall. T+1 has become BTST in SME. (Retailors like us just keep looking and can't sell for 2 days.). T+2 was better in keeping SME share price steady. Let's see, what happens today.
341. SSingh |   Link |  Bookmark |May 26, 2023 8:01:46 PM
IPO Guru IPO Guru (1400+ Posts, 800+ Likes)
Approx 30.25% IPO shares traded today.
Significant chunk still remains with ‘unknown’ janta (unknown to operators, LM etc.). 
Hence I see atleast 15%-20% downside from here. Let’s see where does this heads from here. Should stabilize around ₹90-₹95 range. Let’s see!
341.3. Mahavir dugar |   Link |  Bookmark |May 27, 2023 5:19:38 PM
Total issue size - 3320000

Market maker - 300000

Anchor investors -904000

So Free Float shares is 2116000 Only .

Please correct me if I am wrong..
341.4. Logij Kumar |   Link |  Bookmark |May 29, 2023 6:13:13 AM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
@ Mahavir dugar, MM can buy or dump anytime, especially if it is at 2X level.