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

May 16, 2023 - May 19, 2023

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.

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 ₹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

QIB Shares Offered1,208,000 (50.00%)
NII (HNI) Shares Offered362,400 (15.00%)
Retail Shares Offered845,600 (35.00%)
Total Shares Offered2,416,000

Krishca Strapping Solutions IPO Timetable (Tentative)

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

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

Krishca Strapping Solutions IPO Lot Size

The Krishca Strapping Solutions IPO lot size is 2000 shares.

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.

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

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

KPI Values
P/E (x)7.26
Market Cap (₹ Cr.)65.18
EPS (Rs)13.49
RoNW (%)0.81

Objects of the Issue

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
Vote Here ...

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…

Company Contact Information

Krishca Strapping Solutions Limited
Building 01B,
LOGOS Mappedu Logistics Park Sathara,
Thiruvallur Taluk Thiruvallur District - 631203
Phone: +91-9884111098
Email: cs@krishcastrapping.com
Website: http://www.krishcastrapping.com/

Krishca Strapping Solutions IPO Registrar

Purva Sharegistry India Pvt Ltd

Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com
Website: http://www.purvashare.com

Krishca Strapping Solutions IPO Analysis

Krishca Strapping Solutions IPO Recommendation Summary

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

Read All Reviews Post Your Review Manage Reviews

SME IPO Enquiry

SME Company Owners
We could help you get listed on the stock market.

Contact us Today

Check our SME IPO Guide New

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 order quantity is .

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, 24 May 2023, and the allotted shares will be credited to your demat account by Friday, 26 May 2023. Check the Krishca Strapping Solutions IPO allotment status.

The Krishca Strapping Solutions IPO listing date is on May 26, 2023.
Open an Instant Account with Zerodha

Krishca Strapping Solutions IPO Message Board

Ranked Members of Chittorgarh.com Forum  Ranked Members | Most Liked Members