Kalahridhaan Trendz Limited IPO Detail
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.
Company Promoters
Niranjan Agarwal, Aditya Agarwal and Sunitadevi AgarwalIPO Details
| IPO Opening Date | Feb 15, 2024 |
| IPO Closing Date | Feb 20, 2024 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹45 per equity share |
| Market Lot | 3000 Shares |
| Min Order Quantity | 3000 Shares |
| Listing At | NSE SME |
| Issue Size | ₹22.49 Cr |
| Fresh Issue | ₹22.49 Cr |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.00x | 0.00x | 0.00x | 0.78x | 1.47x | 0.00x |
| Day 2 | 0.00x | 0.00x | 0.00x | 1.00x | 2.51x | 1.76x |
| Day 3 | 0.00x | 0.00x | 0.00x | 1.82x | 4.46x | 3.14x |
| Day 4 | 0.00x | 0.00x | 0.00x | 6.66x | 9.63x | 8.15x |
IPO Tentative Timetable
The Kalahridhaan Trendz Limited IPO open date is Feb 15, 2024, and the close date is Feb 20, 2024. The issue may list on Feb 23, 2024.
| IPO Open Date | Feb 15, 2024 |
| IPO Close Date | Feb 20, 2024 |
| Basis of Allotment Date | Feb 21, 2024 |
| Initiation of Refunds | Feb 22, 2024 |
| Credit of Shares to Demat Account | Feb 22, 2024 |
| IPO Listing Date | Feb 23, 2024 |
IPO Lot Size
The Kalahridhaan Trendz Limited IPO market lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹135000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 3000 | ₹135000 |
| Maximum | 1 | 3000 | ₹135000 |
IPO Promoter Holding
| Pre Issue Share Holding | 96.22% |
| Post Issue Share Holding | 68.24% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 5979.36 | 13235.91 | 110.54 |
| 31-Mar-22 | 10297.94 | 18390.46 | 246.20 |
| 31-Mar-23 | 10962.55 | 18417.01 | 666.01 |
| 30-Sep-23 | 10979.30 | 8434.54 | 478.72 |
Objects of the Issue:
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 IPO Registrar:
Bigshare Services Pvt Ltd
Kalahridhaan Trendz Limited IPO Lead Manager(s):
Interactive Financial Services Ltd
Company Contact Information:
Kalahridhaan Trendz Limited
57 Ashra Industrial Estate,
B/H Mahalaxmi Fabrics,
Nr. Narol Cross Road, Ahmedabad - 382405
