Incorporated in 2017, Krishca Strapping Solutions Limited is a manufacturer and wholesaler of Strapping Tools and Strapping Seal.
The company has a manufacturing facility in Chennai with a capacity of 18,000 MT of steel straps and 80 million Seals per annum.
Krishca Strapping Solutions' product range includes:
- PLC Controlled automatic production line.
- Automated heat treatment process-Uniform grain structure.
- Pollution-free production process - Lead-free.
- Super Jumbo coils upto 500 Kg
The steel strap quality requirements of the company are in compliance with American, European, and Indian standards. That is IS 5872:1990 - Cold rolled steel straps (box strappings) specification; ASTM D-3953 - Standard Specification for Strapping, Flat Steel and Seals; and BS EN 13246:2001 - Packaging.
Krishca Strapping Solutions has a team of 50 employees working for them.
Krishca Strapping Solutions IPO Details
| Total Issue Size | 3,320,000 shares
(aggregating up to ₹17.93 Cr) |
| Fresh Issue | 3,320,000 shares
(aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
Krishca Strapping Solutions IPO Reservation
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| Market Maker portion | 300,000 shares (Share India Securities) |
Company Financials
| Period Ended | 31-Mar-20 | 31-Mar-21 | 31-Mar-22 | 15-Feb-23 |
|---|
| Total Assets | 915.75 | 1,292.02 | 1,544.00 | 2,696.96 |
|---|
| Total Revenue | 98.15 | 971.05 | 1,871.71 | 6,351.23 |
|---|
| Profit After Tax | -223.92 | -67.25 | 150.54 | 785.75 |
|---|
| Net Worth | 64.34 | -120.28 | 159.51 | 945.26 |
|---|
| Reserves and Surplus | -237.02 | -421.64 | -340.49 | 445.26 |
|---|
| Total Borrowing | 827.36 | 1,337.48 | 939.28 | 1,193.01 |
|---|
Strength
Weakness
