Kalahridhaan Trendz IPO is a fixed price issue of Rs 22.49 crores. The issue is entirely a fresh issue of 49.98 lakh shares.
Kalahridhaan Trendz IPO opens for subscription on February 15, 2024 and closes on February 20, 2024. The allotment for the Kalahridhaan Trendz IPO is expected to be finalized on Wednesday, February 21, 2024. Kalahridhaan Trendz IPO will list on NSE SME with tentative listing date fixed as Friday, February 23, 2024.
Kalahridhaan Trendz IPO price is ₹45 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹135,000. The minimum lot size investment for HNI is 2 lots (6,000 shares) amounting to ₹270,000.
Interactive Financial Services Ltd is the book running lead manager of the Kalahridhaan Trendz IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Kalahridhaan Trendz IPO is Sunflower Broking.
Refer to Kalahridhaan Trendz IPO RHP for detailed information.
Kalahridhaan Trendz IPO Details
| IPO Date | February 15, 2024 to February 20, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹45 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 4,998,000 shares (aggregating up to ₹22.49 Cr) |
| Fresh Issue | 4,998,000 shares (aggregating up to ₹22.49 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 12,189,000 |
| Share holding post issue | 17,187,000 |
| Market Maker portion | 252,000 shares Sunflower Broking |
Kalahridhaan Trendz IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the net offer |
| Other Shares Offered | 50% of the net offer |
Kalahridhaan Trendz IPO Timeline (Tentative Schedule)
Kalahridhaan Trendz IPO opens on February 15, 2024, and closes on February 20, 2024.
| IPO Open Date | Thursday, February 15, 2024 |
| IPO Close Date | Tuesday, February 20, 2024 |
| Basis of Allotment | Wednesday, February 21, 2024 |
| Initiation of Refunds | Thursday, February 22, 2024 |
| Credit of Shares to Demat | Thursday, February 22, 2024 |
| Listing Date | Friday, February 23, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 20, 2024 |
Kalahridhaan Trendz IPO Lot Size
Investors can bid for a minimum of 3000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹135,000 |
| Retail (Max) | 1 | 3000 | ₹135,000 |
| HNI (Min) | 2 | 6,000 | ₹270,000 |
| Lot Size Calculator | |||
Kalahridhaan Trendz IPO Promoter Holding
Niranjan Agarwal, Aditya Agarwal and Sunitadevi Agarwal are the promoters of the company.
| Share Holding Pre Issue | 96.22% |
| Share Holding Post Issue | 68.24% |
About Kalahridhaan Trendz Limited
Kalahridhaan Trendz Limited was founded in 2016 and is a company that dyes and processes textiles.
The company is engaged in manufacturing and trading of fabrics with embroidery, trading of grey fabrics, buying of grey fabrics and printing and dyeing of suiting, shirting and dress fabrics for sale in the B2B market.
The company has two divisions:
- Embroidery and knitting
- Dyeing and printing of cloths
The company’s manufacturing facility is located in Ahmedabad, Gujrat, and has a production capacity of 1.00 lakh metres per day.
As on December 31, 2023, the company employed a total of 12 permanent employees in various departments.
Kalahridhaan Trendz Limited Financial Information (Restated)
Kalahridhaan Trendz Limited’s revenue increased by 0.14% and profit after tax (PAT) rose by 170.52% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 10,979.30 | 10,962.55 | 10,297.94 | 5,979.36 |
| Revenue | 8,434.54 | 18,417.01 | 18,390.46 | 13,235.91 |
| Profit After Tax | 478.72 | 666.01 | 246.20 | 110.54 |
| Net Worth | 2,290.94 | 1,202.78 | 536.77 | 290.56 |
| Reserves and Surplus | 1,072.04 | 1,202.78 | 536.77 | 290.56 |
| Total Borrowing | 6,702.43 | 6,105.33 | 5,249.90 | 3,145.56 |
| Amount in ₹ Lakhs | ||||
Key Performance Indicator
The market capitalization of Kalahridhaan Trendz IPO is Rs 77.34 Cr.
| KPI | Values |
|---|---|
| ROE | 42.09% |
| ROCE | 17.39% |
| Debt/Equity | 3.19 |
| RoNW | 36.75% |
| P/BV | 1.51 |
Check Kalahridhaan Trendz IPO Peer Comparison here.
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 5.46 | 5.57 |
| P/E (x) | 8.24 | 8.08 |
Note:
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2023 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2023 that is available in RHP.
Objects of the Issue (Kalahridhaan Trendz IPO Objectives)
The company proposes to utilize the Net Proceeds from the issue towards the following objects:
- Working capital requirement
- General Corporate Purpose, and
- Meeting Public Issue Expenses.
Kalahridhaan Trendz Limited Contact Details
Kalahridhaan Trendz Limited
57 Ashra Industrial Estate,
B/H Mahalaxmi Fabrics,
Nr. Narol Cross Road, Ahmedabad – 382405
Phone: +91 6353302166
Email: cs@kalahridhaan.com
Website: http://www.kalahridhaan.com/
Kalahridhaan Trendz IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html