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krishna defence ipo is a book built issue of Rs 11.89 crores. The issue is entirely a fresh issue of 30.48 lakh shares.
krishna defence ipo bidding started from March 25, 2022 and ended on March 29, 2022. The allotment for krishna defence ipo was finalized on Friday, April 1, 2022. The shares got listed on NSE SME on April 6, 2022.
krishna defence ipo price band is set at ₹37 to ₹39 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹117,000.
Hem Securities Limited is the book running lead manager of the krishna defence ipo, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for krishna defence ipo is Hem Finlease.
Refer to krishna defence ipo RHP for detailed information.
| IPO Date | March 25, 2022 to March 29, 2022 |
| Listing Date | April 6, 2022 |
| Face Value | ₹10 per share |
| Price Band | ₹37 to ₹39 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 3,048,000 shares (aggregating up to ₹11.89 Cr) |
| Fresh Issue | 3,048,000 shares (aggregating up to ₹11.89 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 156,000 shares Hem Finlease |
krishna defence ipo offers 3,912,000 shares. 1,443,000 (36.89%) to QIB, 435,000 (11.12%) to NII, 1,014,000 (25.92%) to RII 864,000 (22.09%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 864,000 (22.09%) |
| Market Maker Shares Offered | 156,000 (3.99%) |
| QIB Shares Offered | 1,443,000 (36.89%) |
| NII (HNI) Shares Offered | 435,000 (11.12%) |
| Retail Shares Offered | 1,014,000 (25.92%) |
| Total Shares Offered | 3,912,000 (100%) |
krishna defence ipo opens on March 25, 2022, and closes on March 29, 2022.
| IPO Open Date | Friday, March 25, 2022 |
| IPO Close Date | Tuesday, March 29, 2022 |
| Basis of Allotment | Friday, April 1, 2022 |
| Initiation of Refunds | Monday, April 4, 2022 |
| Credit of Shares to Demat | Tuesday, April 5, 2022 |
| Listing Date | Wednesday, April 6, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 29, 2022 |
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 | ₹117,000 |
| Retail (Max) | 1 | 3000 | ₹117,000 |
| Lot Size Calculator | |||
Mr. Ankur Ashwin Shah is the company promoter.
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 73.38% |
Krishna Defence and Allied Industries Limited develops, manufactures, and designs Defence Application Products, Kitchen and Dairy Equipment Products. The company was incorporated in 1996 and has two manufacturing plants located in Gujarat, Kalol and Halol district near Vadodara.
The company manufactures and offers a wide range of products including Ballast Bricks, Improvised Explosive Device Containment Vessels, Automatic Tyre Killer, Crowd Control Barriers, Bulk milk cooler with thermal storage system, Cow Grooming Brush, Daal Cooker, Rice Storage Chute, Stainless Steel Milk Cans, Milk Cooling Tanks or Bulk Milk Coolers, Solar Powered Milk Cooling Tanks, I-Data (Automated Data Monitoring System for Milk Tanks), Heat Recovery Unit, Auto-CIP system Containerized Milk Procurement Unit, Milking Machine, Bulk Cooking Equipment like Rice Cauldron, Ship Building Steel section, Weld Consumables, etc.
Krishna Defence and Allied Industries started a new vertical in 2020 which manufactures and markets Homeland & Security products like Modular Vehicle Barrier, Automatic Tyre Killer, Multi-purpose Launcher, and Long-Range LED Searchlight to be used by the Indian Armed Forces, Forest Department, Police Department, etc.
Competitive Strengths:
| Particulars | For the year/period ended (Rs in Lakhs) | ||||
|---|---|---|---|---|---|
| 30-Sep-21 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | ||
| Total Assets | 5,804.14 | 5,620.06 | 6,141.36 | 6,599.65 | |
| Total Revenue | 2,098.20 | 3,618.84 | 2,572.37 | 5,890.85 | |
| Profit After Tax | 122.11 | 193.65 | 74.61 | 206.44 | |
The market capitalization of krishna defence ipo is Rs 44.65 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 18 |
The company intends to utilize the proceeds of the Issue to meet the following objectives:
[Dilip Davda] The company kept changing its business over the last few years. All these segments are poised for rising competition. KDAIL has posted inconsistency in its financial performances so far. The sustainability of margins remains a major concern. Based on the financial data, the issue appears fully priced. Considering all these, cash surplus /risk seekers may consider investment with a long-term perspective. Read detail review...
The krishna defence ipo is subscribed 74.84 times on March 29, 2022 5:00:00 PM. The public issue subscribed 132.28 times in the retail category, 8.84 times in the QIB category, and 159.90 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 8.84 |
| NII | 159.90 |
| Retail | 132.28 |
| Total | 74.84 |
| Listing Date | April 6, 2022 |
| BSE Script Code | |
| NSE Symbol | KRISHNADEF |
| ISIN | INE0J5601015 |
| Final Issue Price | ₹39 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹39.00 |
| ₹75.00 |
| ₹72.00 |
| ₹78.75 |
| ₹78.75 |
Krishna Defence and Allied Industries Limited
344, Floor-3, Plot-267, A To Z Industrial Estate,
Ganapatrao Kadam Marg, Lower Parel,
Delisle Road, Mumbai, Maharashtra, 400013
Phone: +91 22 4220 3800/99
Email: cs@krishnaallied.com
Website: http://www.krishnaallied.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Check our SME IPO Guide 
krishna defence ipo is a SME IPO of 3,048,000 equity shares of the face value of ₹10 aggregating up to ₹11.89 Crores. The issue is priced at ₹37 to ₹39 per share. The minimum order quantity is 3000 Shares.
The IPO opens on March 25, 2022, and closes on March 29, 2022.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in krishna defence ipo using UPI as a payment gateway. Zerodha customers can apply in krishna defence ipo by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in krishna defence ipo through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The krishna defence ipo opens on March 25, 2022 and closes on March 29, 2022.
krishna defence ipo lot size is 3000 Shares, and the minimum amount required is ₹117,000.
You can apply in krishna defence 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 krishna defence ipo will be done on Friday, April 1, 2022, and the allotted shares will be credited to your demat account by Tuesday, April 5, 2022. Check the krishna defence ipo allotment status.
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