Krishca Strapping Solutions SME IPO: There were 126.88x subscriptions on Day 3, GMP jumps by 138%

As an SME IPO, Krishca Strapping Solutions offers 3,320,000 shares with a par value of Rs. 10 aggregated up to ₹17.93 crores. The issue price per share for the offer is between ₹51 bis ₹54. The IPO will open for subscription on May 16, 2023 and close on May 19, 2023. Purva Sharegistry India Pvt Ltd is the registrar for the IPO and the lead manager is Share India Capital Services Private Limited. Monday 29 May 2023 is the expected date for the intended listing of Krishca Strapping Solutions shares on the NSE SME. Under the terms of the offer, qualified institutional buyers (QIBs) will receive 50% of the net offer, HNI/NII investors will receive 15% of the offer and retail investors will receive the remaining 35%.

As an SME IPO, Krishca Strapping Solutions offers 3,320,000 shares with a par value of Rs. 10 aggregated up to ₹17.93 crores. The issue price per share for the offer is between ₹51 bis ₹54. The IPO will open for subscription on May 16, 2023 and close on May 19, 2023. Purva Sharegistry India Pvt Ltd is the registrar for the IPO and the lead manager is Share India Capital Services Private Limited. Monday 29 May 2023 is the expected date for the intended listing of Krishca Strapping Solutions shares on the NSE SME. Under the terms of the offer, qualified institutional buyers (QIBs) will receive 50% of the net offer, HNI/NII investors will receive 15% of the offer and retail investors will receive the remaining 35%.

Krishca Strapping Solutions IPO received 126.88 subscriptions. As of May 18, 2023 18:20:00, the public issue had received subscriptions in retail category 291.16, QIB category 4.82 and NII category 150.44.

Krishca Strapping Solutions IPO received 126.88 subscriptions. As of May 18, 2023 18:20:00, the public issue had received subscriptions in retail category 291.16, QIB category 4.82 and NII category 150.44.

According to the GMP trend, the gray market premium was initially approx ₹28, but from May 18, 2023 it jumped to the level from May 18, 2023. According to the GMP chart, the expected list price is expected to be around ₹129 per share considering the top price level of Krishca Strapping Solutions Ltd IPO ₹54. This gives Krishca Strapping Solutions Ltd a strong listing premium of 138.89% over the listing price estimated by the gray market.

According to the GMP trend, the gray market premium was initially approx ₹28, but from May 18, 2023 it jumped to the level from May 18, 2023. According to the GMP chart, the expected list price is expected to be around ₹129 per share considering the top price level of Krishca Strapping Solutions Ltd IPO ₹54. This gives Krishca Strapping Solutions Ltd a strong listing premium of 138.89% over the listing price estimated by the gray market.

AR Ramachandran, Tips2trades co-founder and coach, said, “While the earnings turnaround was great from FY22, the high debt-to-equity ratio and low ROE making Krishca Strapping Solutions’ IPO is a somewhat expensive bet.” Investors should look to wait for a correction after the listing to buy at better levels.

AR Ramachandran, Tips2trades co-founder and coach, said, “While the earnings turnaround was great from FY22, the high debt-to-equity ratio and low ROE making Krishca Strapping Solutions’ IPO is a somewhat expensive bet.” Investors should look to wait for a correction after the listing to buy at better levels.

VLA Ambala (SEBI Registered Research Analyst), Stock Market Today (SMT), said: “Krishca Strapping Solutions was established in December 2017 providing packaging solutions for the steel industry and started commercial production in March 2020 at their Chennai facility. The company reported year-over-year growth in its net worth. To be more specific: in December 2021 it was (all in CR) -120, in December 202 it was 159 and now in February it is 945 with borrowing down almost 12% and total sales from 971.5 to 6351 .23 has increased . All of this information and financial inputs give a signal to sign up for this IPO. The IPO subscription will be open from May 16-19, 2023. The price per share is fixed at Rs. 51-54, and the lot size is 2000 shares which is Rs. 1,02,000 to Rs. 1,08,000. The IPO aims to raise funds for various purposes, including building a new line of restructuring, repaying secured loans and covering general corporate and issuance costs. Mainly for business operations and expansion costs.”

VLA Ambala (SEBI Registered Research Analyst), Stock Market Today (SMT), said: “Krishca Strapping Solutions was established in December 2017 providing packaging solutions for the steel industry and started commercial production in March 2020 at their Chennai facility. The company reported year-over-year growth in its net worth. To be more precise: in December 2021 it was -120 (all in kr.), in December 202 it was 159 and now in the month of February it was 945, with borrowing down by almost 12% and total turnover of 971.5 has risen to 6351.23 . All of this information and financial inputs give a signal to sign up for this IPO. The IPO subscription will be open from May 16-19, 2023. The price per share is fixed at Rs. 51-54, and the lot size is 2000 shares which is Rs. 1,02,000 to Rs. 1,08,000. The IPO aims to raise funds for various purposes, including building a new line of restructuring, repaying secured loans and covering general corporate and issuance costs. Mainly for business operations and expansion costs.”

VLA Ambala further added: “Despite high inflation and pressures in the metals sector, this company has historically managed to generate good sales. However, Krishca Strapping Solutions experienced negative cash flow in 2020 and may continue to face similar challenges.” The company does not have ownership rights to its corporate headquarters and headquarters, which may result in potential disadvantages. Failure to comply with legal requirements may result in penalties. The lack of a registered trademark exposes the company to potential abuse. In addition, the company operates on an order basis and does not establish long-term customer relationships. So senior management or top management levels have a lot to do to compete in the market. The price range for the listing is 51-54 per share, which is substantial. It is a subscription on our part to be a growth partner in its growth as stated in the past performance.

VLA Ambala further added: “Despite high inflation and pressures in the metals sector, this company has historically managed to generate good sales. However, Krishca Strapping Solutions experienced negative cash flow in 2020 and may continue to face similar challenges.” The company does not have ownership rights to its corporate headquarters and headquarters, which may result in potential disadvantages. Failure to comply with legal requirements may result in penalties. The lack of a registered trademark exposes the company to potential abuse. In addition, the company operates on an order basis and does not establish long-term customer relationships. So senior management or top management levels have a lot to do to compete in the market. The price range for the listing is 51-54 per share, which is substantial. It is a subscription on our part to be a growth partner in its growth as stated in the past performance.

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