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.
| Purpose | Amount (₹ Cr) |
|---|---|
| Capital Expenditure for setting up of New Strapping Line | ₹12 |
| Repayment of certain secured borrowings in full availed by our Company | ₹4 |
| General Corporate Expenses | ₹1 |
| Issue Expenses | ₹1 |
| Metric | 15-Feb-23 | 31-Mar-22 | 31-Mar-21 |
|---|---|---|---|
| Total Assets | 2,697 | 1,544 | 1,292 |
| Revenue | 6,351 | 1,872 | 971 |
| PAT | 786 | 151 | -67 |
| Net Worth | 945 | 160 | -120 |
| Reserves | 445 | -340 | -422 |
| Total Borrowing | 1,193 | 939 | 1,337 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| QIB | — | 1,508,000 (45%) | — |
| NII / HNI | — | 454,000 (14%) | — |
| Retail (RII) | — | 1,058,000 (32%) | — |
| Market Maker | — | 300,000 (9%) | — |
| Total | — | 3,320,000 (100%) | — |
* Amount calculated at upper price band (₹54) · ** Total includes all investor categories
- 1 Initiation of Refund 25 May 2023
- 2 Credit of Shares to Demat 26 May 2023
- Retail allocation is good at 32% of the total offering.
- HNI/NII demand is good at 14%.
- Institutional (QIB) interest is strong at 45%.
- The IPO P/E of 3x reflects a strong valuation relative to typical market ranges.
- Pre-issue EPS of ₹16.
This IPO shows moderate investor interest. Review financial details and compare valuation with industry peers before investing.
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