Clara Industries Limited IPO Detail
Clara Industries Limited is engaged in providing flexible plastic packaging solutions. The company is known for manufacturing and supplying high-end multilayer plastic bags and multilayer plastic rolls in India. Clara Industries serves varied sectors spanning FMCG, Consumer Product, Hardware Tools, Hospitality, Housekeeping, Pharmaceuticals, Clothing & Hosiery, Edible Oil, Salt, and Sugar industry.
The company's product portfolio includes:
- Packaging Films
- Flexible Packaging
- Horticulture Bags
- HDPE Bottles
- Plastic Matts
- Printed and non-printed
- Plastic Sheets
- Plastic Bangles
The company primarily sells its products through direct orders from clients based in Rajasthan, Bihar, Uttarakhand, Himachal Pradesh, and Punjab. The company has a manufacturing unit located at Saharanpur, Uttar Pradesh, having a total area of approximately 14,714 sq. ft. In the Year 2021, Clara industries through a Business Transfer Agreement (BTA), acquired a proprietor firm named M/s Clara Petrochemical.
Competitive Strengths:
- Wide product portfolio
- Location advantage with efficient logistics
- Diversified customer base
- Focus on quality
- semi-automated manufacturing units
- Strong management team and motivated and efficient workforce.
- Engaging atmosphere for employees
Company Promoters
Ms. Parry Kukreja and Mr. Nikhil KukrejaIPO Details
| IPO Opening Date | Dec 16, 2021 |
| IPO Closing Date | Dec 21, 2021 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹43 per equity share |
| Market Lot | 3000 Shares |
| Min Order Quantity | 3000 Shares |
| Listing At | BSE SME |
| Issue Size | ₹3.02 Cr |
| Fresh Issue | ₹3.02 Cr |
| Offer for Sale | - |
| Retail Portion | - |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 1.33x | 0.42x | 0.88x |
IPO Tentative Timetable
The Clara Industries Limited IPO open date is Dec 16, 2021, and the close date is Dec 21, 2021. The issue may list on Dec 29, 2021.
| IPO Open Date | Dec 16, 2021 |
| IPO Close Date | Dec 21, 2021 |
| Basis of Allotment Date | Dec 24, 2021 |
| Initiation of Refunds | Dec 27, 2021 |
| Credit of Shares to Demat Account | Dec 28, 2021 |
| IPO Listing Date | Dec 29, 2021 |
IPO Lot Size
The Clara Industries Limited IPO market lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹129000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 3000 | ₹129000 |
| Maximum | 1 | 3000 | ₹129000 |
IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 71.70% |
Company Financials:
For the year/period ended (₹ in Millions)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 18-Nov-21 | 46.73 | 6.27 | 3.04 |
Objects of the Issue:
- To meet working capital requirements
- General corporate purposes
Clara Industries Limited IPO Registrar:
Bigshare Services Pvt Ltd
Clara Industries Limited IPO Lead Manager(s):
Gretex Corporate Services Pvt Ltd
