Kranti Industries IPO is all about to make its debut on 14 Feb 2019 with issue size of INR 8.58 cr
Kranti Industries Limited, situated in Pune, is a business that manufactures and supplies precision machined components. It was founded in 1995. The company is best recognised for a variety of non-automotive (off highway) and automotive components.
The company produces a variety of vehicle parts with sizes ranging from 100 MM to 1200 MM. Also, it produces specialised goods for reputable Original Equipment Manufacturers (OEMs) in a variety of markets, including those for passenger cars, electric cars, two-wheelers, light vehicles, tractors, construction equipment, off-highway, heavy trucks, and railways, among others.
Kranti Industries has broadened its range of products over the years. By creating components for automobiles, commercial vehicles, construction, pneumatic tools, windmills, the medical industry, etc., it currently serves a variety of industries.
INDUSTRY OVERVIEW
Although manufacturing and trade show indications of slowing, global economy has continued to be robust. However, the withdrawal of monetary policy accommodation in advanced economies has resulted in tighter global financing conditions. In many industrialised economies, inflation is still below central bank targets despite a slow but steady march upward. Exporters of commodities are making a comeback, but energy exporters’ recovery is still lagging. The influence of the U.S. fiscal expansion is projected to diminish, monetary policy stimulus is reduced, rising energy prices weigh on consumption, and growth in advanced economies is expected to decline. With risks skewed to the negative, uncertainty surrounding predictions for global growth has intensified.
Kranti Industries IPO Details
| IPO Date | Feb 14, 2019 to Feb 20, 2019 |
| Listing Date | Feb 28, 2019 |
| Face Value | ₹10 per share |
| Price | ₹37 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 2,319,000 shares(aggregating up to ₹8.58 Cr) |
| Fresh Issue | 1,752,000 shares(aggregating up to ₹6.68 Cr) |
| Offer for Sale | 567,000 shares of ₹10(aggregating up to ₹2.10 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
Company Financials
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
| 30-Sep-18 | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | |||
| Total Assets | 5,015.10 | 4,378.06 | 4,401.16 | 4,135.49 | ||
| Total Revenue | 3,321.91 | 4,610.92 | 2,925.19 | 2,884.41 | ||
| Profit After Tax | 137.14 | 89.97 | (92.85) | (21.02) |
Objects of the Issue
The Offer consists of a Fresh Issue of 17,52,000 Equity Shares and an Offer for Sale by the Selling Shareholder of 5,67,000 Equity Shares. The profits from the offer for sale will be payable to the selling shareholder. The Offer for Sale will not generate any revenue for the Business. The purpose of the new issue is to:
1. Provide the necessary working capital.
2. General Business Purposes
3. To Cover the Issue’s Costs
Kranti Industries IPO Prospectus
Company Contact Information
Kranti Industries Limited
Gat No.267/B/1,
Post Pirangut, Tal. Mulshi,
Pune- 412 115
Phone: +91-20-6675 5676
Email: cs@krantiindustries.com
Website: http://www.krantiindustries.com/
Kranti Industries IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: kranti.ipo@linkintime.co.in
Website: https://linkintime.co.in/
Kranti Industries IPO Lead Manager(s)
- Fast Track Finsec Pvt Ltd (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
