Kalahri dhaan Trendz (NSE SME)
February 15, 2024 – February 20, 2024
| Price | ₹45 - ₹45 |
| Premium | ₹3 |
|---|---|
| Lot size | 3000 |
| Allotment | Feb 21, 2024 |
| Listing | Feb 23, 2024 |
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Subscription
Last updated on 20-Feb-2024 17:01:02
| Category | Offered | Applied | Times |
|---|---|---|---|
| NIB | 2373000 | 16047000 | 6.76 |
| RETAIL | 2373000 | 22854000 | 9.63 |
| Total | 4746000 | 38901000 | 8.2 |
| Retail Apps | 7618 | © IPO Premium | |
| HNI Interest Cost per share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹0.41 | @8% ₹0.47 | @9% ₹0.53 | @10% ₹0.58 | @11% ₹0.64 | @12% ₹0.7 |
About
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 3000 | 135000 | 791 |
| HNI | 2 | 6000 | 270000 | 791 |
Established in 2016, Kalahridhaan Trendz Limited is a prominent player in the textile industry, specializing in dyeing and processing textiles. The company's core activities include the manufacturing and trading of fabrics with embroidery, trading of grey fabrics, and printing and dyeing of suiting, shirting, and dress fabrics for the B2B market.
With a focus on two primary divisions, namely Embroidery and Knitting, as well as Dyeing and Printing of cloths, Kalahridhaan Trendz Limited caters to a diverse clientele with varied textile requirements.
Strategically situated in Ahmedabad, Gujarat, the company's manufacturing facility boasts a production capacity of 1.00 lakh meters per day, ensuring efficient and timely delivery of products to meet customer demands.
As of December 31, 2023, Kalahridhaan Trendz Limited maintains a dedicated workforce of 12 permanent employees across various departments, reflecting its commitment to operational excellence and customer satisfaction.
Kalahridhaan Trendz IPO Details
| Issue Size | 4,998,000 shares (aggregating up to ₹22.49 Cr) |
| Fresh Issue | 4,998,000 shares (aggregating up to ₹22.49 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 12,189,000 |
| Share holding post issue | 17,187,000 |
| Market Maker portion | 252,000 shares Sunflower Broking |
Kalahridhaan Trendz IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the net offer |
| Other Shares Offered | 50% of the net offer |
Kalahridhaan Trendz IPO Lead Manager(s)
- Interactive Financial Services Ltd
Key Performance Indicator
| KPI | 2023 | 2022 | 2021 |
|---|---|---|---|
| ROE | 42.09% | 21.86% | 11.66% |
| ROCE | 17.39% | 10.35% | 10.16% |
| D/E Ratio | 3.19 | 2.60 | 1.32 |
| RONW | 36.75% | 21.48% | 12.28% |
| Basic & Diluted EPS | 10.93 | 4.04 | 1.81 |
| P/E Ratio | 8.24 | - | - |
| P/BV Ratio | 1.51 | - | - |
· Unique product manufacturing approach presents significant market opportunities for growth and expansion.
· Strategic location of the manufacturing unit near Ahmedabad, Gujarat, offers logistical advantages and access to key markets.
· Experienced promoters and management team bring valuable expertise and leadership to the company.
· Commitment to quality ensures product excellence and customer satisfaction.
Risks
· High working capital requirements may strain financial resources and liquidity.
· Product demand may be influenced by changing preferences of end consumers, posing potential market volatility.
· Manpower-intensive operations may increase operational costs and resource management complexities.
· Previous negative cash flows indicate financial challenges and potential liquidity issues.
· Operating within a highly competitive industry demands continuous innovation and differentiation to maintain market position.
· Historical losses incurred by Group Companies raise concerns about financial stability.
Company Financials
Kalahridhaan Trendz Limited Financial Information (Restated)
Kalahridhaan Trendz Limited's revenue increased by 0.14% and profit after tax (PAT) rose by 170.52% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period | 30 Sep 2023 | Mar 2023 | Mar 2022 | Mar 2021 |
| Assets | 10,979.30 | 10,962.55 | 10,297.94 | 5,979.36 |
| Revenue | 8,434.54 | 18,417.01 | 18,390.46 | 13,235.91 |
| Profit | 478.72 | 666.01 | 246.20 | 110.54 |
| Net Worth | 2,290.94 | 1,202.78 | 536.77 | 290.56 |
| Reserves | 1,072.04 | 1,202.78 | 536.77 | 290.56 |
| Borrowing | 6,702.43 | 6,105.33 | 5,249.90 | 3,145.56 |
| Amount in ₹ Lakhs | ||||
Strength
Weakness
Lead Manager(s)
Address
Kalahridhaan Trendz Limited
57 Ashra Industrial Estate,
B/H Mahalaxmi Fabrics,
Nr. Narol Cross Road, Ahmedabad - 382405
Phone: +91 6353302166
Email: cs@kalahridhaan.com
Website: http://www.kalahridhaan.com/