USE APP

Use app for best experience!
Available for Android Device.


Krishna Defence and Allied Industries Limited IPO Detail

Krishna Defence and Allied Industries Limited IPO Detail

Krishna Defence and Allied Industries Limited develops, manufactures, and designs Defence Application Products, Kitchen and Dairy Equipment Products. The company was incorporated in 1996 and has two manufacturing plants located in Gujarat, Kalol and Halol district near Vadodara.

The company manufactures and offers a wide range of products including Ballast Bricks, Improvised Explosive Device Containment Vessels, Automatic Tyre Killer, Crowd Control Barriers, Bulk milk cooler with thermal storage system, Cow Grooming Brush, Daal Cooker, Rice Storage Chute, Stainless Steel Milk Cans, Milk Cooling Tanks or Bulk Milk Coolers, Solar Powered Milk Cooling Tanks, I-Data (Automated Data Monitoring System for Milk Tanks), Heat Recovery Unit, Auto-CIP system Containerized Milk Procurement Unit, Milking Machine, Bulk Cooking Equipment like Rice Cauldron, Ship Building Steel section, Weld Consumables, etc.

Krishna Defence and Allied Industries started a new vertical in 2020 which manufactures and markets Homeland & Security products like Modular Vehicle Barrier, Automatic Tyre Killer, Multi-purpose Launcher, and Long-Range LED Searchlight to be used by the Indian Armed Forces, Forest Department, Police Department, etc.

Competitive Strengths:

  1. We offer a diversified range of products.
  2. Precision engineering expertise with complex product manufacturing capability.
  3. Strong R&D capabilities with a focus on innovation.
  4. Long-Standing Relationship with our customers.
  5. Experienced Qualified Management and Employee base.

Company Promoters

Mr. Ankur Ashwin Shah

IPO Details

IPO Opening DateMar 25, 2022
IPO Closing DateMar 29, 2022
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price ₹37 - 39 per equity share
Market Lot3000 Shares
Min Order Quantity3000 Shares
Listing AtNSE SME
Issue Size₹11.89 Cr
Fresh Issue₹11.89 Cr
Offer for Sale-
Retail Portion 35%

IPO Subscription (Bidding Detail)

AS On QIB SHNI BHNI NII RII TOTAL
Day 1 - - 0x 0x 0x

IPO Tentative Timetable

The Krishna Defence and Allied Industries Limited IPO open date is Mar 25, 2022, and the close date is Mar 29, 2022. The issue may list on Apr 06, 2022.

IPO Open DateMar 25, 2022
IPO Close DateMar 29, 2022
Basis of Allotment DateApr 01, 2022
Initiation of RefundsApr 04, 2022
Credit of Shares to Demat AccountApr 05, 2022
IPO Listing DateApr 06, 2022

IPO Lot Size

The Krishna Defence and Allied Industries Limited IPO market lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹117000).

ApplicationLotsSharesAmount (Cut-off)
Minimum13000₹117000
Maximum13000₹117000

IPO Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding73.38%

Company Financials:

For the year/period ended (₹ in Lakhs)

Financial Year Total Assets Total Revenue Profit After Tax
30-Sep-21 5,804.14 2,098.20 122.11
31-Mar-21 5,620.06 3,618.84 193.65
31-Mar-20 6,141.36 2,572.37 74.61
31-Mar-19 6,599.65 5,890.85 206.44

Objects of the Issue:

The company intends to utilize the proceeds of the Issue to meet the following objectives:

  1. To meet Working Capital requirements.
  2. General Corporate Purpose.
  3. To meet issue expenses.

Krishna Defence and Allied Industries Limited IPO Registrar:

Bigshare Services Pvt Ltd

Krishna Defence and Allied Industries Limited IPO Lead Manager(s):

Hem Securities Limited

Company Contact Information:

Krishna Defence and Allied Industries Limited

344, Floor-3, Plot-267, A To Z Industrial Estate,

Ganapatrao Kadam Marg, Lower Parel,

Delisle Road, Mumbai, Maharashtra, 400013