Clara Industries Limited is engaged in providing flexible plastic packaging solutions. The company is known for manufacturing and supplying high-end multilayer plastic bags and multilayer plastic rolls in India. Clara Industries serves varied sectors spanning FMCG, Consumer Product, Hardware Tools, Hospitality, Housekeeping, Pharmaceuticals, Clothing & Hosiery, Edible Oil, Salt, and Sugar industry.
The company's product portfolio includes:
- Packaging Films
- Flexible Packaging
- Horticulture Bags
- HDPE Bottles
- Plastic Matts
- Printed and non-printed
- Plastic Sheets
- Plastic Bangles
The company primarily sells its products through direct orders from clients based in Rajasthan, Bihar, Uttarakhand, Himachal Pradesh, and Punjab. The company has a manufacturing unit located at Saharanpur, Uttar Pradesh, having a total area of approximately 14,714 sq. ft. In the Year 2021, Clara industries through a Business Transfer Agreement (BTA), acquired a proprietor firm named M/s Clara Petrochemical.
Competitive Strengths:
- Wide product portfolio
- Location advantage with efficient logistics
- Diversified customer base
- Focus on quality
- semi-automated manufacturing units
- Strong management team and motivated and efficient workforce.
- Engaging atmosphere for employees
| Purpose | Amount (₹ Cr) |
|---|---|
| 1 To Meet Working Capital Requirements | ₹2 |
| 2 General Corporate Purposes | ₹1 |
| Metric | 18-Nov-21 | ||
|---|---|---|---|
| Total Assets | 5 | — | — |
| Revenue | 1 | — | — |
| PAT | 0 | — | — |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| NII / HNI | — | 333,000 (47%) | — |
| Retail (RII) | — | 333,000 (47%) | — |
| Market Maker | — | 36,000 (5%) | — |
| Total | — | 702,000 (100%) | — |
* Amount calculated at upper price band (₹43) · ** Total includes all investor categories
- 1 Initiation of Refund 27 Dec 2021
- 2 Credit of Shares to Demat 28 Dec 2021
- Retail allocation is strong at 47% of the total offering.
- HNI/NII demand is strong at 47%.
This IPO shows strong fundamentals and healthy investor demand. Research the business model and compare with sector peers before applying.
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