Kalahridhaan Trendz Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | February 15, 2024 to February 20, 2024 |
| Listing Date | February 23, 2024 |
| Face Value | ₹ 10 per share |
| Price | ₹ 45 per share |
| Lot Size | 3,000 Shares |
| Total Issue Size | 49,98,000 shares (aggregating up to ₹ 22.49 Cr) |
| Fresh Issue | 49,98,000 shares (aggregating up to ₹ 22.49 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 1,21,89,000 |
| Share holding post issue | 1,71,87,000 |
| Market Maker portion | 2,52,000 shares Sunflower Broking |
About Kalahridhaan Trendz Limited IPO
Kalahridhaan Trendz Ltd. (KTL) is engaged mainly in the business of manufacturing and trading of Fabric with embroidery works, trading of grey cloths, purchase of grey cloth and printing and dyeing for preparing suiting, shirting and dress materials for sale in the B2B market only. The company is preparing the suiting, shirting & dress material products and focusing on the whole sale market. Kalahridhaan is a full-fledged textile dyeing & processing company standing tall in the Textile Industry for a combined 40+ years. Nestled in the textile hub of Ahmedabad, Kalahridhaan produces up to 1.00 Lakhs meters per day, contributing to a large sector with a manufacturing space of 1, 50,000 sq. Ft.Kala Hridhaan Trendz IPO is a fixed price issue of Rs 22.49 crores. The issue is entirely a fresh issue of 49.98 lakh shares.
Kalahridhaan Trendz IPO price is ₹45 per share. The minimum lot size for an application is 3000 Shares. Interactive Financial Services Ltd is the book running lead manager of the Kalahridhaan Trendz IPO, while Big share Services Pvt Ltd is the registrar for the issue. The market maker for Kalahridhaan Trendz IPO is Sunflower Broking.
Objectives of Kalahridhaan Trendz IPO
The company proposes to utilise the Net Proceeds from the issue towards the following objectives:
- 1. Working capital requirement.
- 2. General Corporate Purpose.
- 3. Meeting Public Issue Expenses.
Kalahridhaan Trendz Limited IPO Review
The company is operating in a highly competitive and fragmented segment. It primarily works on B2B models for manufacturing and trading in fabric with embroidery and grey fabrics. Based on FY24 annualized super earnings, the issue appears reasonably priced, but sustainability of such margins going forward raised concerns. Well-informed/cash surplus investors may consider parking funds for the medium term.
Kalahridhaan Trendz Limited IPO Financial Information
Latest Revenue
8,434.54
₹ Crore
Profit After Tax
478.72
₹ Crore
Net Worth
2,290.94
₹ Crore
Total Borrowing
6,702.43
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 30 Sep 2023 | 10,979.30 | 8,434.54 | 478.72 | 2,290.94 | 6,702.43 | ||||
| 31 Mar 2023 | 10,962.55 | 18,417.01 | 666.01 | 1,202.78 | 6,105.33 | ||||
| 31 Mar 2022 | 10,297.94 | 18,390.46 | 246.20 | 536.77 | 5,249.90 | ||||
| 31 Mar 2021 | 5,979.36 | 13,235.91 | 110.54 | 290.56 | 3,145.56 | ||||
| Amount in ₹ Crore | |||||||||
Kalahridhaan Trendz Limited Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 42.09% |
| ROCE | 17.39% |
| Debt/Equity | 3.19 |
| RoNW | 36.75% |
| P/BV | 1.51 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 5.46 | 5.57 |
| P/E (x) | 8.24 | 8.08 |
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Competitive Strengths
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Kalahridhaan Trendz Limited IPO Timeline
| IPO Open Date | Thursday, February 15, 2024 |
| IPO Close Date | Tuesday, February 20, 2024 |
| Basis of Allotment | Wednesday, February 21, 2024 |
| Initiation of Refunds | Thursday, February 22, 2024 |
| Credit of Shares to Demat | Thursday, February 22, 2024 |
| Listing Date | Friday, February 23, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 20, 2024 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹135,000 |
| Retail (Max) | 1 | 3000 | ₹135,000 |
| HNI (Min) | 2 | 6,000 | ₹270,000 |