Incorporated in 2022, Labelkraft Technologies Limited is engaged in the business of providing barcode code solutions. The company offer services to many different segments of industries like FMCG, logistics service providers, chemicals, garments, etc.
Prior to the incorporation, the operations were run by the Promoter, Ranjeet Solanki via a proprietorship concern under the name of “Solanki Enterprises” since 1997.
The company has been established to fulfill the mission of offering reasonably priced barcode labels, printing, and solutions, keeping customer satisfaction at the foremost.
Labelkraft is committed to offering quality products, giving meticulous attention at each level, and providing ease in services. The company has established itself as a solution provider catering to the customers’ needs related to printing barcode ribbons, barcode labels, product labels, barcode printers, scanners, ID card printing products, Patient wrist bands, RFID products, and self-adhesive tape products.
The products of Labelkraft Technologies Limited are applied and used by various industries for their multipurpose use including logistics, industrial packaging, etc.
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 30-Nov-22 | 587.16 | 68.68 | 4.09 | 9.09 | 4.09 | 67.10 |
| Amount in ₹ Lakhs |
Objects of the Issue
The company intends to utilize the proceeds of the Issue to meet the following objectives:
- Funding Capital Expenditure towards the installation of additional plant and machinery
- Funding of Working capital requirements
- General Corporate Purpose
- Issue expenses.
Labelkraft Technologies IPO Details
| IPO Date | Mar 13, 2023 to Mar 15, 2023 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹55 per share |
| Lot Size | 2000 Shares |
| Issue Size | 864,000 shares of ₹10 (aggregating up to ₹4.75 Cr) |
| Fresh Issue | 864,000 shares of ₹10 (aggregating up to ₹4.75 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
Labelkraft Technologies IPO Reservation
| NII (HNI) Shares Offered | 50% of the Net Issue |
| Retail Shares Offered | 50% of the Net Issue |
| Market Maker portion | 44,000 shares (HEM SECURITIES LTD.) |
Labelkraft Technologies IPO Tentative Timetable
Labelkraft Technologies IPO opens on Mar 13, 2023, and closes on Mar 15, 2023. The Labelkraft Technologies IPO bid date is from Mar 13, 2023 10.00 A.M. to Mar 15, 2023 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.
| Event | Tentative Date |
|---|---|
| Opening Date | Mar 13, 2023 |
| Closing Date | Mar 15, 2023 |
| Basis of Allotment | Mar 20, 2023 |
| Initiation of Refunds | Mar 21, 2023 |
| Credit of Shares to Demat | Mar 22, 2023 |
| Listing Date | Mar 23, 2023 |
Labelkraft Technologies IPO Lot Size
The Labelkraft Technologies IPO lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹110,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹110,000 |
| Retail (Max) | 1 | 2000 | ₹110,000 |
| HNI (Min) | 2 | 4,000 | ₹220,000 |
Labelkraft Technologies IPO Promoter Holding
Ranjeet Kumar Solanki is the Promoter of the company.
| Pre Issue Share Holding | 99.71% |
| Post Issue Share Holding | 73.16% |
Labelkraft Technologies IPO Review
LTL has just 52 days of working post corporatization and on the basis of its performance thereafter, the issue appears exorbitantly priced. Tiny paid-up equity capital post-IPO indicates a longer gestation period for migration to the mainboard. The company is operating in a highly competitive and fragmented segment. There is no harm in skipping this pricey bet. Read detail review…
Labelkraft Technologies IPO Prospectus
Company Contact Information
Labelkraft Technologies Limited
14/12,
Jayachamarajendra Road,
Bengaluru – 560002
Phone: +91 080-40927665
Email: cs@labelkraft.com
Website: http://www.labelkraft.com/
Labelkraft Technologies IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/