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IPO Synopsis

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  • IPO Synopsis

IPO

Krishca Strapping Solutions Ltd
Initial public issue of 33,20,000 equity shares of face value of Rs. 10.00 each ("Equity Shares") of the company for cash at a price of Rs. [*] per equity share (including a share premium of Rs. [*] per equity share) ("Issue Price") aggregating up to Rs. [*] crores ("Issue / Offer"). This issue includes a reservation of 3,00,000 equity shares aggregating up to Rs. [*] crores for subscription by market maker ("Market Maker Reservation Portion"). The issue less the market maker reservation portion is hereinafter referred to as the "Net Issue". The issue and the net issue shall constitute 27.50% and 25.02%, respectively, of the post-issue paid-up equity share capital of the company, respectively. The face value of the equity shares is Rs. 10.00 each. The price band will be decided by the company. Price Band: Rs. 51.00 to Rs. 54.00 per equity share of face value of Rs. 10/- each and the issue price is 5.1 to 5.4 times of the face value at the lower price band and the upper price band respectively. Bid can be made for minimum of 2000 equity shares and the multiples of 2000 equity shares thereafter.
Issue
Opens On Closes On
16-May-23 19-May-23
Money Payable On
Application Allotment
54.00 0.00
Minimum Application for shares in Nos : 2000 Further Multiples of : 2000
Cr Lead Managers to the Issue
Project Cost (.Cr) 16.89 Share India Capital Services Pvt Ltd
Project Financed through Current Offer (.Cr) 17.93  
Post Issue Equity Share Capital (.Cr) 12.07
Issue Price () 54.00
Projects
Capital expenditure for setting up of New Strapping Line
Repayment of certain secured borrowings in full availed by the company
General corporate expenses
Promoted By
Lenin Krishnamoorthy Balamanik
Navaneethakrishnan Saraladevi
Listing At
NSE - SME
Registrar to the Issue
No Data Available