Clara Industries IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 16, 2022Let’s have a detailed review of the company and analytics of the Clara Industries IPO release date, IPO offer price, subscription, Clara Industries Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 43 |
| Listing At | BSE, SME |
| Min. Order Quantity | 3000 Shares |
| Listing Date | Dec 29, 2021 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs Lakh |
| IPO Size | Rs 301.86 Lakh |
| Tick Size | 1 |
Clara Industries IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
Clara Industries IPO – Summary
They are engaged in the business of providing flexible plastic packaging solutions to their clients, they serve varied sectors spanning FMCG, Consumer Products, Hardware Tools, Hospitality, Housekeeping, Pharmaceuticals, Clothing & Hosiery, Edible Oil, Salt, and Sugar.
Their Company is known in the industry for manufacturing and supplying of high-end multilayer Plastic bags and multilayer Plastic rolls in India. Their Promoters initially started the business of flexible packaging way back in the year 2014 in the name of M/s Clara Petrochemicals, a sole proprietorship firm. Inflexible packaging, they manufacture printed films with surface printing as well as reverse printing, films between 51 microns and above as mandated by government laws, and also laminate in two-, three- and four-layer structures.
The Promoter of this company is MS. PARRY KUKREJA AND MR. NIKHIL KUKREJA. The lead manager to the issue is GRETEX CORPORATE SERVICES LIMITED, and the Registrar to this issue is BIG SHARE SERVICES PRIVATE LIMITED.
Clara Industries IPO Date
The opening and the closing date of Clara Industries IPO are Dec 16, 2021, and Dec 21, 2021, respectively.
Clara Industries IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 16th Dec | 1.32x | 0.19x | 0.75x |
| 2nd Day – 17th Dec | 1.33x | 0.42x | 0.88x |
| 3rd Day – 20th Dec | 1.33x | 1.25x | 1.29x |
| 4th Day – 21st Dec | 1.51x | 1.55x | 1.53x |
| Shares Offered or Net Issue | 333,000 | 333,000 | 666,000 |
The shares subscribed by the public will be updated here.
Check Clara Industries IPO LIVE Subscription
- Clara Industries IPO LIVE Bid details on BSE
For the Latest Bid details click on the above links.
Clara Industries IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Clara Industries Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Dec 24, 2021 |
| Refunds Initiation | Dec 27, 2021 |
| Credit of Shares to Demat Account | Dec 28, 2021 |
| Share Listing Date | Dec 29, 2021 |
Clara Industries IPO Price
The face value of each share is Rs.10, but the price band of the IPO is Rs.43
Clara Industries IPO Size
This Initial Public Issue of 7,02,000 Equity Shares of Rs.10 each for cash at a price of Rs.43 per equity share aggregating to Rs.301.86 Lakh.
Clara Industries IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of [●] Equity Shares of Rs.10/ each.
Issue Size: 7,02,000 Equity Shares of Rs.10 each, aggregating to Rs.301.86 Lakh
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Clara Industries IPO – Live Performance
The listing date of this IPO is Dec 29, 2021. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Clara Industries Share Price |
Clara Industries IPO Grey Market Premium
The Clara Industries Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
Clara Industries IPO – Company Overview
They also manufacture standing pouches, side gazette pouches, Press & lock pouches, and other pouches as per the customer’s requirement. Their Company has installed various testing equipment by virtue of which it will develop new packaging solutions at a cheaper cost without affecting the quality of the products.
They regularly conduct batch-wise tests on all their products for examining their strength, quality aspects, etc. Their machines are capable of manufacturing multiple products at one point in time Their Business is not seasonal in nature but demand for some items such as Plastic bangles and peanuts packaging are seasonal.
They manufacture plastic bangles which sell mostly during the festive time like Diwali and Karva Chauth whereas demand for peanuts tends to increase during the period September to January. Moreover, their promoters have been in the industry for more than a decade, by using his experience their company does assemble plastic packaging machines for clients.
Clara Industries IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | |
| 18-Nov-21 | |
| Total Assets | 467.32 |
| *Total Revenue | 62.74 |
| Total Expense | 22.07 |
| Profit After Tax | 30.48 |
Earnings per Equity Share (in Lakh)
| 18-Nov-21 | |
| Basic & Diluted | 9.11 |
Further, their PAT for the period ended on November 31, 2021, was Rs. 30.48 Lakh.
Clara Industries IPO – Promoters
The Promoter of this company is:
- MS. PARRY KUKREJA
- MR. NIKHIL KUKREJA
List of Related Parties (Key Managerial Personnel)
- Parry Kukreja, Anil Sachdeva
- Nikhil Kukreja, Executive Director
- Priyanka Mediratta, Non-Executive Director
- Manmohan Singh, Independent Director
- Ajay Kumar Jain, Independent Director
Clara Industries IPO – Promoters Holding
- Pre Issue Share Holding – 100%
- Pos Issue Share Holding – 71.70%
Clara Industries IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 7,02,000 Equity Shares aggregating up to Rs.301.86 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 36,000 Equity Shares aggregating up to Rs.15.48 Lakh |
| Net Issue to the Public | Up to 6,66,000 Equity Shares aggregating up to Rs.286.38 Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 3,33,000 Equity Shares |
| Other than Retail Individual Investors | Not more than 3,33,000 Equity Shares |
| Equity Shares outstanding prior to the Issue | 17,78,980 Equity Shares |
| Equity Shares outstanding after the Issue | 24,80,980 Equity Shares |
Clara Industries IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. To meet Working Capital requirements
2. General Corporate Purpose
Clara Industries – Business Strategy
- Enhance profitability by supplying products to the end customers
- To reap the benefit by enhancing manufacturing capacities
- Cost-effectiveness
- Maintain their focus to strengthen customer relationship
- Increase Brand awareness
- Building-up as a Professional Organisation
- Continue to attract and retain talent
- Strategic Acquisition and Alliance Opportunities
Clara Industries IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Integrated in-house execution capabilities
- Leveraging their Market skills and Relationships
- Quality Service
- Enhance customer base by entering new geographies to establish long-term relationships
- Efficient Business Model and Low Labour Costs
- Needs of customers
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 18-Nov-21 | 9.11 | 16.16 | 74.21 |
Clara Industries IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| Clara Industries Limited | 10 | 4.72 | 9.11 | 16.16 | 62.74 |
| Listed Peers | |||||
| Uflex Limited | 10 | 11.85 | 31.91 | 9.30 | 4,635.07 |
Clara Industries IPO Lead Managers
| Lead Managers |
| GRETEX CORPORATE SERVICES LIMITED Office No. 13, 1st Floor, New Bansilal Building, Raja Bahadur Mansion, 9-15, Homi Modi Street, Fort, Mumbai – 400 001, Maharashtra, India. Tel No.: +91 – 22 – 4002 5273 / 98368 22199 / 98368 21999 Email: info@gretexgroup.com / mbk@gretexgroup.com Website: www.gretexcorporate.com Contact Person: Ms. Dimple Magharam Slun SEBI Registration No: INM000012177 CIN: U74999MH2008PLC288128 |
Clara Industries IPO Registrar to offer
| Registrar to the Offer |
| BIGSHARE SERVICES PRIVATE LIMITED 1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road, Marol, Andheri East, Mumbai – 400 059, Maharashtra, India. Tel No.: +91 – 22 – 6263 8200; Fax No.: +91 – 22 – 6263 8299 E-mail: ipo@bigshareonline.com Investor Grievance E-mail: investor@bigshareonline.com Website: www.bigshareonline.com Contact Person: Mr. Swapnil Kate SEBI Registration No.: INR000001385 CIN: U99999MH1994PTC076534 |
Clara Industries IPO – Other Details
- Statutory Auditor – M/s. Gupta Agarwal & Associates., Chartered Accountants
- Legal Counsel to the Company – ADV SHAIILESH L DALVI
- Bankers to the Company – PUNJAB NATIONAL BANK
Clara Industries IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Clara Industries Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Clara Industries IPO Review FAQs
Ques – What is the Issue Size of Clara Industries IPO?
Answer – The Company is making an initial public offer of 7,02,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
Ques – What is the Price band of Clara Industries IPO?
Answer – The price band for this particular IPO ranges between Rs 43. As far as the face value of the share is of concern, it is Rs.10 per share.
Ques – What is the Clara Industries IPO Open Date?
Answer – The opening and closing dates for this IPO have been updated. The IPO is set to open on Dec 16, 2021, while the closing date is set at Dec 21, 2021.
Ques – What is the Clara Industries IPO Allotment Date?
Answer – They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Dec 24, 2021, refund initiation is on Dec 27, 2021, credit of shares is on Dec 28, 2021, and share listing date is on Dec 29, 2021.
Ques – What is the Clara Industries IPO Listing Date?
Answer – Shares of this company shall be listed in the exchanges on Dec 29, 2021. The date, when the listing would be done, is stagnant on Dec 29, 2021.
Ques – Who is the Registrar of Clara IPO?
Answer – One of the reputed registrars is managing the issue of this IPO, i.e. Bigshare Services Private Limited. Their website will help you regarding the further information you are on the lookout for.
Ques – Who is the Promoter of Clara IPO?
Answer – Here are the promoters of this IPO – MS. PARRY KUKREJA AND MR. NIKHIL KUKREJA. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
Ques – What is the GMP of Clara IPO?
Answer – They have obtained the GMP of this IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Ques – Is Clara Industries IPO good for Investment?
Answer – They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
Ques – What is the PAT of Clara Industries Company?
Answer – They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2021 in Lakh is 30.48.
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