In its Initial Public Offering (IPO), Krishca Strapping Solutions Limited will release equity shares through a book-built issue. The Krishca Strapping IPO is scheduled for May 16th – May 19th, 2023. In this IPO, the company plans to sell 3,320,000 shares of stock at a price range of 51 to 54 rupees , with each share having a face value of Rs 10. Let’s find out more about this IPO coming up in May 2023.
About Krishca Strapping Solutions Limited
Krishca Strapping Solutions Limited, founded in 2017, is a manufacturer and wholesaler of Strapping Tools and Strapping Seals. Their manufacturing facility in Chennai possesses an impressive capacity of 18,000 metric tons of steel straps and 80 million seals per year. With cutting-edge technology, automated processes, and a commitment to lead-free production, Krishca Strapping Solutions crafts high-quality products that meet American, European, and Indian standards. Supported by a dedicated team of 50 employees, their passion for excellence shines through in every aspect of their work.
Krishca Strapping IPO Issue Details
| Issue Type | Book Built IPO Issue |
| Issue Opens | 16th May 2023 |
| Issue Closes | 19th May 2023 |
| Face Value | Rs 10 Per Share |
| Issue Price | Rs 51 to Rs 54 Per Share |
| Issue Size | 3,320,000 Shares (Rs 17.93 crores) |
| Minimum Order Quantity | 2000 Shares |
| Listing | NSE, SME |
Purpose of the Issue
The net proceeds from the offering will be used by the company to finance the following initiatives:
- New Strapping Line Investments Expenditures.
- Complete payoff of some previously secured loans.
- Corporate overhead and distribution costs.
Company Contact Details
- Registered & Corporate Office: Building 01B, LOGOS Mappedu Logistics Park Sathara, Thiruvallur Taluk Thiruvallur District – 631203
- Telephone: +91-9884111098
- Website: https://krishcastrapping.com/
Krishca Strapping Solutions IPO – Lead Managers of the Issue
Share India Capital Services Private Limited
- Office Address: :A-15, Sector-64, Noida – 201301, Uttar Pradesh, India
- Telephone: +91-0120-4910000
- Email: anand.srivastava@shareindia.co.in
Krishca Strapping Solutions Limited IPO – Registrar of the Issue
The registrar of this IPO issue is Purva Sharegistry India Pvt Ltd
- Telephone: +91-022-2301 8261
- Email: support@purvashare.com
- Website: https://purvashare.com/
Krishca Strapping IPO Issue Prospectus
Click here to read the Final Prospectus of this IPO Issue.
Disclaimer: Investingly just provides basic information as update about the issues. Investingly never gives advices or recommendations to anyone. Investments into securities are subject to market risk. Please read the offer and issue documents carefully before investing. It is also advised to consult your financial advisor of necessary suggestions.
