Krishca strapping

PNNMumbai (Maharashtra) [India], June 13: Krishca Strapping Solutions Limited (NSE Code: KRISHCA), a leading manufacturer and wholesaler of high tensile steel straps, strapping seals and strapping tools has announced its audited financial result for FY23. Key Financials at a Glance:FY23: Total Revenues at Rs 72.41 crore; up 286.81 per cent EBITDA at Rs 13.87 crore; up 330.75 per cent EBITDA Margin at 19.15 per cent Vs 17.20 per cent Net Profit at Rs 9.34 crore; up 518.54 per cent Net Profit Margin at 12.90 per cent Vs 8.07 per cent EPS at Rs 10.68 Vs Rs 2.22Commenting on the performance, Lenin Krishnamoorthy Balamanikandan, ChairmanManaging Director, Krishca Strapping Solutions Limitedsaid, ''We are delighted to announce the remarkable growth in our revenues, which have quadrupled compared to FY22, demonstrating the effectiveness of our strategies and the strength of our market position. This substantial increase in revenues has been accompanied by a significant multiplication of our profits by six, highlighting our ability to capitalize on market opportunities and drive sustainable growth. Looking ahead, we maintain a positive outlook on the demand for our products and anticipate strong performance in the current year. Furthermore, our entry into packaging contracts presents an exciting opportunity to further enhance our revenues and profitability. Leveraging our successful IPO funding, we are well-positioned to expand our production capacity and strengthen our balance sh...

Krishca Strapping IPO Description – Incorporated in 2017, Krishca Strapping Solutions is a manufacturer and wholesaler of Strapping Tools and Strapping Seal – in states with the highest steel-producing capacity in India: Odisha, Chhattisgarh, Jharkhand, Karnataka. At its Chennai facility, heat-treated high-tensile steel straps are manufactured using state-of-the-art equipment and supervised by expert metallurgists and engineers. • PLC Controlled automatic production line. • Automated heat treatment process-Uniform grain structure. • Pollution-free production process – Lead-free. • Super Jumbo coils upto 500 Kgs The company’s steel strap quality parameters align with American, European, and Indian standards. • IS 5872:1990 – Cold rolled steel straps (box strappings) specification • ASTM D-3953 – Standard Specification for Strapping, Flat Steel, and Seals • BS EN 13246:2001 – Packaging. Specification for tensional steel strapping In Chennai, the company has an integrated manufacturing facility specializing in the production of high-tensile steel straps with an annual capacity of 18,000 MT of Steel Strapping, and 65 million units of Steel Seals. Krishca Strapping also started exports of its products in FY 2022 to United Arab Emirates (UAE), Dubai and Saudi Arabia and exports contributed nearly 5% in the latest accounting period. • • • • • • • • • • • • Krishca Strapping IPO Details Krishca Strapping IPO Dates 16 – 19 May 2023 Krishca Strapping IPO Price INR 51 – 54 per share ...

Synopsis Krishca Strapping Solutions has announced its Initial Public Offering (IPO), planning to raise Rs 18 crore. The manufacturing company, incorporated in 2017, specializes in making and selling high-quality steel straps, steel seals, strapping tools and other packaging solutions. The IPO's size consists of up to 33.2 lakh equity shares with a face value of Rs 10 each. The company has a steel strapping capacity of 18,000 MT annually and aims to use the net proceeds for setting up a new strapping line, repayment of debt and for other corporate purposes. 1) Company overview Incorporated in 2017, Krishca Strapping Solutions is engaged in making and selling strapping steel, steel seals, strapping tools, and other allied packaging solutions. Apart from providing high quality strapping solutions at competitive prices, it also offers unique and customized color printing on the steel seals to facilitate customer’s branding. The company has an integrated manufacturing facility specializing in the production of high tensile steel straps with an annual steel strapping capacity of 18,000 MT and steel seals of 65 million. 2) Issue size Krishca Strapping Solutions is planning to raise about Rs 18 crore from the initial share sale. The issue size comprises fresh issuance of upto 33.2 lakh equity shares of face value of Rs 10 each. The company has fixed a price band of Rs 51-54 per share and investors can bid for 2,000 shares in one lot and in multiples thereof. 5) GMP According to m...

The Krishca Strapping IPO minimum market lot is 2000 shares with ₹108,000 application amount. The IPO to list on NSE. Krishca Strapping Solutions Limited is a manufacturer of Strapping Tools and Strapping Seal. They provide steel straps that cater to a wide range of applications. Their straps are designed with exceptional physical and geometrical properties that guarantee the safe and secure transport of your goods. IPOWatch View We recommend investors may apply an IPO with Longterm Views Investors should also look at the QIB, NII, and Retail numbers before investing. Krishca Strapping IPO Subscription Status Category Day 4 QIB 36.10 NII 786.89 RII 572.83 Total 336.57 Krishca Strapping IPO Investor Categories • Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds • Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc • Retail Individual Investors (RII): Retail Individual Investors or NRIs • Employee (EMP): Eligible Employees • Others: Eligible Shareholders Krishca Strapping IPO Review • Apply Krishca Strapping IPO Date & Price Band IPO Open: May 16, 2023 IPO Close: May 19, 2023 IPO Size: Approx ₹17.93 Crores, 3,320,000 Equity Shares Face Value: ₹10 Per Equity Share IPO Price Band: ₹51 to ₹54 Per Equity Share IPO Listing on: NSE SME Retail Quota: 35% of the net offer QIB Quota: 50% of the net offer NII Quota: 15% of the net offer DRHP Draft Prospectus: RHP Draft Prospectus: Anchor Investors in IPO: Krish...

Krishca Strapping Solutions, one of the leading manufacturers of high tensile steel straps, seals and tools, plans to raise ₹18 crore through an initial public offer which opens on May 16. The A total of 33.20 lakh equity shares of ₹10 each will be issued, with 10.58 lakh shares reserved for retail investors and 3 lakh for market maker. Of the net proceeds from the IPO, the company will use ₹12 crore to fund capital expenditure for setting up a new strapping line and ₹4 crore to repay certain secured borrowing. Lenin Krishnamoorthy Balamanikandan, Chairman and Managing Director, Krishca Strapping Solutions, said: “We intend to grab major market share in the domestic market and enhance our presence in the export market with increased capacity and entry into packing contracts.”

About Krishca Krishca Strapping Solutions was founded in December 2017 with the aim of providing total packaging solutions for the steel industry. We started our commercial production at our Chennai plant in March 2020. We are a young and energetic team of 50. Our employees are trained in human relations skills, and we make sure they understand the importance of safe production. We have the most brilliant people working with us in the industry who understand the demands of the market. We are driven by what we create. Crafting a high-calibre product at a good value for customers is the fundamental objective of our company. Every batch of steel strap that leaves our factories also carries the weight of this objective. At Krishca Strapping, we value our customers' belief in our product and ensure that we do not let them down. Krishca Strapping offers products and solutions that are designed to provide the best quality and service to its customers. Our beliefs, commitment, and ethics are defined by every employee. At Krishca Strapping, we believe in continuous innovation with end-to-end solutions. It is important to us that we consistently provide a high-quality product at a good value. Our manufacturing processes at every step of the way are leading-edge, sophisticated, and standardised to ensure consistent quality. Technology At our Chennai facility, heat-treated high-tensile steel straps are manufactured using state-of-the-art equipment and supervised by expert metallurgist...

PNNMumbai (Maharashtra) [India], June 13: Krishca Strapping Solutions Limited (NSE Code: KRISHCA), a leading manufacturer and wholesaler of high tensile steel straps, strapping seals and strapping tools has announced its audited financial result for FY23. Key Financials at a Glance:FY23: Total Revenues at Rs 72.41 crore; up 286.81 per cent EBITDA at Rs 13.87 crore; up 330.75 per cent EBITDA Margin at 19.15 per cent Vs 17.20 per cent Net Profit at Rs 9.34 crore; up 518.54 per cent Net Profit Margin at 12.90 per cent Vs 8.07 per cent EPS at Rs 10.68 Vs Rs 2.22Commenting on the performance, Lenin Krishnamoorthy Balamanikandan, ChairmanManaging Director, Krishca Strapping Solutions Limitedsaid, ''We are delighted to announce the remarkable growth in our revenues, which have quadrupled compared to FY22, demonstrating the effectiveness of our strategies and the strength of our market position. This substantial increase in revenues has been accompanied by a significant multiplication of our profits by six, highlighting our ability to capitalize on market opportunities and drive sustainable growth. Looking ahead, we maintain a positive outlook on the demand for our products and anticipate strong performance in the current year. Furthermore, our entry into packaging contracts presents an exciting opportunity to further enhance our revenues and profitability. Leveraging our successful IPO funding, we are well-positioned to expand our production capacity and strengthen our balance sh...

Krishca Strapping IPO Description – Incorporated in 2017, Krishca Strapping Solutions is a manufacturer and wholesaler of Strapping Tools and Strapping Seal – in states with the highest steel-producing capacity in India: Odisha, Chhattisgarh, Jharkhand, Karnataka. At its Chennai facility, heat-treated high-tensile steel straps are manufactured using state-of-the-art equipment and supervised by expert metallurgists and engineers. • PLC Controlled automatic production line. • Automated heat treatment process-Uniform grain structure. • Pollution-free production process – Lead-free. • Super Jumbo coils upto 500 Kgs The company’s steel strap quality parameters align with American, European, and Indian standards. • IS 5872:1990 – Cold rolled steel straps (box strappings) specification • ASTM D-3953 – Standard Specification for Strapping, Flat Steel, and Seals • BS EN 13246:2001 – Packaging. Specification for tensional steel strapping In Chennai, the company has an integrated manufacturing facility specializing in the production of high-tensile steel straps with an annual capacity of 18,000 MT of Steel Strapping, and 65 million units of Steel Seals. Krishca Strapping also started exports of its products in FY 2022 to United Arab Emirates (UAE), Dubai and Saudi Arabia and exports contributed nearly 5% in the latest accounting period. • • • • • • • • • • • • Krishca Strapping IPO Details Krishca Strapping IPO Dates 16 – 19 May 2023 Krishca Strapping IPO Price INR 51 – 54 per share ...

The Krishca Strapping IPO minimum market lot is 2000 shares with ₹108,000 application amount. The IPO to list on NSE. Krishca Strapping Solutions Limited is a manufacturer of Strapping Tools and Strapping Seal. They provide steel straps that cater to a wide range of applications. Their straps are designed with exceptional physical and geometrical properties that guarantee the safe and secure transport of your goods. IPOWatch View We recommend investors may apply an IPO with Longterm Views Investors should also look at the QIB, NII, and Retail numbers before investing. Krishca Strapping IPO Subscription Status Category Day 4 QIB 36.10 NII 786.89 RII 572.83 Total 336.57 Krishca Strapping IPO Investor Categories • Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds • Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc • Retail Individual Investors (RII): Retail Individual Investors or NRIs • Employee (EMP): Eligible Employees • Others: Eligible Shareholders Krishca Strapping IPO Review • Apply Krishca Strapping IPO Date & Price Band IPO Open: May 16, 2023 IPO Close: May 19, 2023 IPO Size: Approx ₹17.93 Crores, 3,320,000 Equity Shares Face Value: ₹10 Per Equity Share IPO Price Band: ₹51 to ₹54 Per Equity Share IPO Listing on: NSE SME Retail Quota: 35% of the net offer QIB Quota: 50% of the net offer NII Quota: 15% of the net offer DRHP Draft Prospectus: RHP Draft Prospectus: Anchor Investors in IPO: Krish...

Krishca Strapping Solutions, one of the leading manufacturers of high tensile steel straps, seals and tools, plans to raise ₹18 crore through an initial public offer which opens on May 16. The A total of 33.20 lakh equity shares of ₹10 each will be issued, with 10.58 lakh shares reserved for retail investors and 3 lakh for market maker. Of the net proceeds from the IPO, the company will use ₹12 crore to fund capital expenditure for setting up a new strapping line and ₹4 crore to repay certain secured borrowing. Lenin Krishnamoorthy Balamanikandan, Chairman and Managing Director, Krishca Strapping Solutions, said: “We intend to grab major market share in the domestic market and enhance our presence in the export market with increased capacity and entry into packing contracts.”