Kranti Industries IPO Issue 2019: Kranti Industries Limited, A Pune based company engaged in the business of Automotive & Non-Automotive components, is issuing the Initial Public Offering (IPO) from 14-February-2019 to 20-February-2019.
Kranti Industries IPO Issue 2019 Details
| Issue Type | Fixed Price Issue |
|---|---|
| Issue Open | 14-February-2019 (Tentative) |
| Issue Closes | 20-February-2019 |
| Face Value | Rs 10 per Equity Share |
| Issue Price | Rs 37 per Equity Share |
| Issue Size | 2,319,000 equity shares of Rs 8.58 Crores |
| Minimum Order | 3000 Shares |
| Listing | BSE SME |
(Read: IPO process in India Steps)
Kranti Industries IPO Issue 2019: Objects of the Issue
According to the Kranti Industries Limited, following are the objects of the IPO Issue:-
- Complying to the working capital requirements of the company.
- To bear the general corporate expenditures, and
- To fulfil the expenditure requirements during the issue.
About Kranti Industries Limited
Kranti Industries Limited is a Pune based company and it was incorporated in the year 1995. This company is engaged in manufacturing and supply of precision machined components. During their history of more than 20 years, they are known for the manufacturing and supply if non-automotive (off highway) components. This company manufactures customized products for Original Equipment Manufacturers (OEMs) for industries such as passenger cars, electric cars, two-wheelers, tractors, railways etc. Their product portfolio comprises the components for construction, automobile, commercial vehicles, windmill, medical industry etc. Please visit to the company’s website for details information.
As on 30th September 2018, the total assets of the company is Rs 5,015.10 Lakhs and the total revenue of the company is Rs 3,321.91 Lakhs.
Promoters: Mr Sachine Subhash Vora, Mr Sumit Subhash Vora, and Mrs Indubala Subhash Vora.
Registered Office of the Company: Gat No.267/B/1, Post Pirangut, Tal. Mulshi, Pune- 412 115, Maharashtra, India.
Telephone: +91-20-6675 5676
Website: www.krantiindustries.com
Lead Manager to the Kranti Industries IPO Issue 2019
Fast Track Finsec Private Limited
B-502, Statesman House, 148 Barakhamba Road, New Delhi – 110001.
Telephone: +91-11-43029809
Kranti Industries IPO Issue 2019 Registrar
Link Time India Private Limited
Please go through this draft prospectus for more detailed information.
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Disclaimer: This post is just an information about the issue. It does not give any advice or recommendation. Investments into securities are subject to market risk. Please read the offer document carefully before investing. It is also advised to consult your financial advisor of necessary suggestions.
Tags: #IPO #Stock Market #Kranti Industries IPO #investments #Upcoming IPO Issue
Hi can anyone tell that when the issue will open?..also if someone can share some links about the company as I would like to know more about the company clients and everything.
The Company has started growing and has good potential if we see the numbers and the clients that they have.
Please, anyone, give more relevant insights.
You may visit the company’s website for more details.
Read the article about the company on ET that this company supplies motor parts to tesla motors.
Read more: https://economictimes.indiatimes.com/small-biz/sme-sector/Kranti-Industries—Indian-supplier-to-Tesla-Motors—prepares-to-launch-IPO/articleshow/52464426.cms
I never heard of this company before but now when I have started going through its website and other information available online, it seems to have great potential. Is there any information about their expansion plans available online?
As the company is into Electric car manufacturing, I think they will provide a good profit to the investors as the automobile industry is considered to be one of the best sector to invest in.
Hey Ankit!
Here’s some links for reference
https://krantiindustries.com
https://www.chittorgarh.com/ipo_review/kranti-industries-ipo/2761/
You may also find the DRHP on the website. Also, this has recently been recommended by the tiger of SME stock Dilip Davada and has SMC global as market maker. Looks very promising!
Being in the automobile industry the company will surely give high profits as the sector is rising from 5-6 years and giving good returns to the investors. a good IPO according to me to Invest in.