Chittorgarh.com Logo
Loading...

Krishna Defence and Allied Industries Limited IPO (krishna defence ipo) Detail

Mar 25, 2022 - Mar 29, 2022

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:

  1. We offer a diversified range of products.
  2. Precision engineering expertise with complex product manufacturing capability.
  3. Strong R&D capabilities with a focus on innovation.
  4. Long-Standing Relationship with our customers.
  5. Experienced Qualified Management and Employee base.

Company Financials

Summary of financial Information (Restated Consolidated)
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

Objects of the Issue

The company intends to utilize the proceeds of the Issue to meet the following objectives:

  1. To meet Working Capital requirements.
  2. General Corporate Purpose.
  3. To meet issue expenses.

krishna defence ipo Details

krishna defence ipo Date Mar 25, 2022 to Mar 29, 2022
krishna defence ipo Face Value ₹10 per share
krishna defence ipo Price ₹37 to ₹39 per share
krishna defence ipo Lot Size 3000 Shares
Issue Size3,048,000 shares of ₹10
(aggregating up to ₹11.89 Cr)
Fresh Issue3,048,000 shares of ₹10
(aggregating up to ₹11.89 Cr)
Issue Type Book Built Issue IPO
Listing At NSE SME
QIB Shares Offered50% of the net offer
Retail Shares Offered35% of the net offer
NII (HNI) Shares Offered15% of the net offer
Company Promoters

Mr. Ankur Ashwin Shah is the company promoter.

krishna defence ipo Timeline (Tentative Timetable)

krishna defence ipo opens on Mar 25, 2022, and closes on Mar 29, 2022. The krishna defence ipo bid date is from Mar 25, 2022 10.00 A.M. to Mar 29, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.

Event Date
krishna defence ipo Opening Date Mar 25, 2022
krishna defence ipo Closing Date Mar 29, 2022
Basis of Allotment Apr 1, 2022
Initiation of Refunds Apr 4, 2022
Credit of Shares to Demat Apr 5, 2022
krishna defence ipo Listing Date Apr 6, 2022

krishna defence ipo Lot Size

The krishna defence ipo lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹117,000).

Application Lots Shares Amount
Minimum 1 3000 ₹117,000
Maximum 1 3000 ₹117,000

krishna defence ipo Promoter Holding

Pre Issue Share Holding 100%
Post Issue Share Holding 73.38%

krishna defence ipo Review

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...


krishna defence ipo Subscription Status (Bidding Detail)

The krishna defence ipo is subscribed 74.84 times on Mar 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)

CategorySubscription (times)
QIB8.84
NII159.90
Retail132.28
Total74.84

krishna defence ipo Prospectus

krishna defence ipo Rating

358
4.2
Rating:Rated 4.2 stars
Vote Here ...

krishna defence ipo Listing Date

Listing Date Wednesday, April 6, 2022
BSE Script Code
NSE Symbol KRISHNADEF
Listing In ST Group of Securities
ISIN INE0J5601015
IPO Price ₹39 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
NSE SME
IPO Price: ₹39.00
Open: ₹75.00
Low: ₹72.00
High: ₹78.75
Last Trade: ₹78.75

Company Contact Information

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/

krishna defence ipo Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

krishna defence ipo Review

krishna defence ipo Recommendation Summary

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

Read All Reviews Post Your Review Manage Reviews


IPO Broker Recommendations

krishna defence ipo FAQs

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 Mar 25, 2022, and closes on Mar 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

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'krishna defence 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 krishna defence ipo opens on Mar 25, 2022 and closes on Mar 29, 2022.

krishna defence ipo lot size is 3000 Shares and the minimum order quantity is .

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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for krishna defence ipo will be done on Apr 1, 2022, and the allotted shares will be credited to your demat account by Apr 5, 2022. Check the krishna defence ipo allotment status.

The krishna defence ipo listing date is on Wednesday, April 6, 2022.
Open an Instant Account with Zerodha

krishna defence ipo Message Board

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

Loading...

320 Comments

145. SamJos |   Link |Apr 11, 2022 3:31:02 AM
Alloted one lot (applied 76 lots). Daily buyer's circuit. What to do? Sell or hold? No experience in SME trading.
145.1. PRIMARY MARKET LEARNER |   Link |Apr 11, 2022 8:57:06 AM
There Is No Such Complexity In SME Trading.
Look QIB Has 50% Share Which is In Lock In.
80% HNIs and Retailers Have Changed Hands.
Valuations Are Starched Now. So It can't Rerate untill Q4 Results Ced Out and Show Positive Signals
It's a Joy Ride Be There Untill You Enjoy It.
I also Have One Lot Allotted in Retail.
145.2. Kundan Mishra |   Link |Apr 11, 2022 9:29:20 AM
@Primary Market Learner
Good explanation :)
Holding 1 lot @75.
144. lokes |   Link |Apr 5, 2022 1:48:33 AM
IPO Guru IPO Guru (3100+ Posts, 3300+ Likes)
In my opinion, expected price range is approx 53 to 57.....so better to book profits if listing/trading above 60 and buy if listing/trading below 49-50....
I am not allotted here....
144.3. snipperRaj |   Link |Apr 7, 2022 9:33:24 AM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Thanks Ravu
144.4. GauravJ |   Link |Apr 8, 2022 7:32:46 AM
How do you trade in pre trade, which app do you use
143. anantagg |   Link |Apr 6, 2022 1:03:46 AM
I think listing should be above Rs 60
143.2. IProfitO |   Link |Apr 6, 2022 9:47:42 AM
Bang on listed at 75.
143.3. anantagg |   Link |Apr 7, 2022 1:48:34 AM
I didn’t apply this one but I was just tracking it.
142. PRIMARY MARKET LEARNER |   Link |Apr 6, 2022 1:37:52 PM
Holding 1 Lot.
70% Retailers And HNIs Have Changed The Hands.
30% Remaining and New Operators Will Ride Krishna Now.
Congratulations To All Allottees and Specially Who Are Still Holding.
Triple Digits 🔜
142.1. Kundan Mishra |   Link |Apr 6, 2022 4:10:12 PM
Didn't get allotment.
Hence bought 1 Lot at 75.
Will hold.
141. Jupiterr |   Link |Apr 4, 2022 12:22:30 PM
How can we sell SME in groww?
Do we need to contact customer care and sell or we can sell it from the app by ourselves?
141.8. montu parashar |   Link |Apr 6, 2022 2:52:54 PM
After four to five days you can sell it from your groww account.but it advisible that not to use groww account for sme ipo...
141.9. Jupiterr |   Link |Apr 6, 2022 3:10:04 PM
4-5 days :( I thought I might be able to sell tomm
Is there any way to transfer shares from groww dp to zerodha dp online and quickly?
Please advice
140. UMESHsme |   Link |Apr 6, 2022 10:31:08 AM
I can not sell in angel broking

Error showing order quantity exceeds total quantity.
140.1. Vibhor Saxena |   Link |Apr 6, 2022 11:11:21 AM
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
You must do POA for angel broking
It is also a probability that your haven't received the shares in your demat
139. Ravu |   Link |Apr 6, 2022 10:02:17 AM
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
What a listing...Beyond all expectations
138. GJ 😀 |   Link |Apr 5, 2022 7:20:11 PM
IPO Mentor IPO Mentor (800+ Posts, 200+ Likes)
0 out of 3 applied
138.1. krupa |   Link |Apr 6, 2022 9:52:54 AM
IPO Mentor IPO Mentor (800+ Posts, 500+ Likes)
0/1
137. krupa |   Link |Apr 6, 2022 9:52:13 AM
IPO Mentor IPO Mentor (800+ Posts, 500+ Likes)
Listing 75
Congrats to all allotees
136. Mayur Miraj |   Link |Apr 6, 2022 7:33:17 AM
Good Morning

Kya lagta kitni lagti Listing hogi?
136.1. Bharat vaishnavi |   Link |Apr 6, 2022 9:48:03 AM
75 per.. Pre open
135. PRIMARY MARKET LEARNER |   Link |Apr 5, 2022 9:06:16 PM
Any GMP Update ?
And Shall I Hold For Long Term Or Not Can Anyone Suggest ?
134. Mayur Miraj |   Link |Apr 5, 2022 8:31:37 PM
What is the Expected Listing tomorrow?
134.1. guruipo |   Link |Apr 5, 2022 9:01:58 PM
58rs listing
134.2. guruipo |   Link |Apr 5, 2022 9:02:10 PM
58rs listing
133. Wishal |   Link |Apr 4, 2022 10:40:44 PM
Latest gmp 17
132. Wishal |   Link |Apr 4, 2022 5:15:39 PM
Koe ke demat mai shares credit hue?
132.1. montu parashar |   Link |Apr 4, 2022 10:36:09 PM
Nahi hua abhi tak..
131. AMIT IND |   Link |Apr 4, 2022 10:07:42 PM
Any listing rates expectation.
131.1. KAUSHIK SHAH |   Link |Apr 4, 2022 10:18:43 PM
Listing can be approximately at Rs.55/-
130. krupa |   Link |Apr 4, 2022 11:53:33 AM
IPO Mentor IPO Mentor (800+ Posts, 500+ Likes)
Kisika upi fund release huwa?
My amount still block
130.3. Avenue |   Link |Apr 4, 2022 3:04:51 PM
already passed 3 pm and still funds not released from ICICI.

Luckily did not need funds today, but things would have been unpleasant if today was last date of any good IPO. Usually funds are released in time from ICICI but this is my first bad experience. may be because of bigshare, but even in other bigshare IPOs there was no such delay.
130.4. Avenue |   Link |Apr 4, 2022 3:30:08 PM
Krishna Funds finally released by ICICI at 3:30 pm..
129. krupa |   Link |Apr 4, 2022 2:59:51 PM
IPO Mentor IPO Mentor (800+ Posts, 500+ Likes)
Amount release in bob
128. Dr Jay Pandya MDS |   Link |Apr 4, 2022 11:41:53 AM
Did everybody get their refund? I haven’t got it yet
128.1. krupa |   Link |Apr 4, 2022 12:22:43 PM
IPO Mentor IPO Mentor (800+ Posts, 500+ Likes)
No
128.2. Kundan Mishra |   Link |Apr 4, 2022 1:08:07 PM
Not yet.
127. Vinny |   Link |Apr 3, 2022 8:10:59 PM
Hello @MRavi...Need some advise with the NRIs funding into Indian Markets...i hope you wont mind asking me following ques:

1. My friend is Indian and currently working/residing in Dubai. If he wants to invest in Indian IPOs, would he need the Aadhar card? (he already have a brokers account and an NRO bank account)
2. Does he needs to submit the tax returns?
3. Is a NRO bank account sufficient or he needs a separate bank account wherein he can easily trade in IPO? He would be funding this account from his Dubai bank account.
4. Any other critical aspect to keep in mind for an NRI to invest in Indian market?

Thanks very much for your help! Cheers!
127.1. MRavichandran |   Link |Apr 4, 2022 7:56:38 AM
IPO Guru IPO Guru (1400+ Posts, 1800+ Likes)
@Vinny,
Please see my responses as below;

1. Please ask your friend to open NRE account and link with the demat account ( I won’t suggest IPO applications through NRO account which is more than 30% TDS. NRE savings zero interest). NRI doesn’t need to link aadar card ( it’s better to link Aadar and PAN though).

2. If he has Indian income he requires tax returns ( I file tax returns always) better to check a auditor. My suggestion is that filing tax returns will make sure when he returns to India at later date, will be beneficial for clean records.

3. Please See item # 1, and don’t transfer money from Dubai to NRO account (it suppose to be a NRE account, which has benefits than NRO). I would Suggest to open a NRE account with trading account in a reputed online brokers or banks ( it’s so easy with IPO applications)

4. Please check depending on your risks, some banks give 6% interest rates for NRE savings. Use ASBA when applying IPO’s. ( don’t enter in secondary market if you are new. Try to apply in quality IPO’s)

Hope the above helps
All the best

Thanks
127.2. Vinny |   Link |Apr 4, 2022 9:00:34 AM
thanks much for your guidance
126. PRIMARY MARKET LEARNER |   Link |Apr 3, 2022 3:05:26 PM
Got 1/4
Third Party Application Alloted From SBI Bank