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.
Krishca Strapping Solutions IPO Details
| IPO Date | to |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | [.] to [.] per share |
| Lot Size | |
| Total Issue Size | 3,320,000 shares (aggregating up to ₹[.] Cr) |
| Fresh Issue | 3,320,000 shares (aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
Krishca Strapping Solutions IPO Reservation
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 915.75 | 98.15 | -223.92 | 64.34 | -237.02 | 827.36 |
| 31-Mar-21 | 1,292.02 | 971.05 | -67.25 | -120.28 | -421.64 | 1,337.48 |
| 31-Mar-22 | 1,544.00 | 1,871.71 | 150.54 | 159.51 | -340.49 | 939.28 |
| 15-Feb-23 | 2,696.96 | 6,351.23 | 785.75 | 945.26 | 445.26 | 1,193.01 |
| Amount in ₹ Lakhs |
Objects of the Issue
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- Capital Expenditure for setting up of New Strapping Line
- Repayment of certain secured borrowings in full
- General corporate expenses and issue expenses
Krishca Strapping Solutions IPO Prospectus
Company Contact Information
Krishca Strapping Solutions Limited
Building 01B,
LOGOS Mappedu Logistics Park Sathara,
Thiruvallur Taluk Thiruvallur District – 631203
Phone: +91-9884111098
Email: cs@krishcastrapping.com
Website: http://www.krishcastrapping.com/
Krishca Strapping Solutions IPO Registrar
Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com
Website: http://www.purvashare.com