Kranti Industries IPO – Review, Allotment, Subscription, GMP & DRHP
Last Updated Date: Nov 17, 2022Let’s have a detailed review of the company and analytics of the Kranti Industries IPO release date, IPO offer price, subscription, Kranti Industries IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.
Kranti Industries Limited is engaged in the business of manufacturing and supplying of precision machined components. With an operating history of more than two decades, the company is primarily known for range of automotive component and non-automotive (off highway) components.
- Issue Price of this IPO is Rs 37 . Check the Live Share Price here Kranti Industries Share Price
- To track the performance of this IPO, click on this link – IPO Performance
Kranti Industries IPO Review & Ratings
| IPO Ratings & Review | |
| Criteria | Ratings |
| Industry Sentiments | 8.5/10 |
| Industry Ranking | 7.8/10 |
| Company Background | 7.9/10 |
| Company Reputation | 7.9/10 |
| Competitive Edge | 7.7/10 |
| Financial Statements | 7.8/10 |
| Popularity Index | 8.4/10 |
| Promoters Reputation | 7.7/10 |
| Retail Appetite | 7.9/10 |
| Top Brokers Review | 7.9/10 |
| Overall Ratings | 8.1/10 |
| Star Ratings | ★★★★☆ |
Summary of Kranti Industries IPO
Kranti Industries Limited is engaged in the business of manufacturing and supplying of precision machined components. With an operating history of more than two decades, the company is primarily known for range of automotive component and non-automotive (off highway) components. It has Initial public offer of up to 23,88,000 Equity Shares of Rs. 10 each. From FY 2013-14 to FY 2016-2017, as per the Restated Financial Statements,
- The EBITDA and PAT margin of the company in Financial Year 2017- 18 was 60.63 and 89.33 as compared to (111.46) and (93.77) in Financial Year 2016-17.
- The Net Asset Value per Equity Share as at September 30, 2018, March 31, 2018, March 31, 2017 and March 31, 2016 was 5,015.13 ,Rs.4,378.06, Rs. 4,401.16 and Rs. 4,135.49 (all in lakhs)respectively.
- Our Revenue From Operations as per Standalone Restated Financial Statement as at September 30,2018, March 31, 2018, March 31, 2017 and March 31, 2016 was Rs. 3,321.91 Lakhs, Rs. 4,610.92 Lakhs, Rs.2,925.19 Lakhs and Rs. 2,884.41 Lakhs respectively.
The Promoters of this company are Mr. Sachin Subhash Vora , Mr. Sumit Subhash Vora and Mrs. Indubala Subhash Vora. The lead manager to the issue is Fast Track Finsec Private Limited and the Registrar to this issue is Link Intime India Private Limited .
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Kranti Industries IPO Date
The opening and the closing date of Kranti Industries IPO is Feb 14, 2019 – Feb 20, 2019.
Kranti Industries IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| Day 1: Feb 14 | – | 0.24x | 0.04x | 0.14x |
| Day 2: Feb 15 | – | 0.43x | 0.07x | 0.25x |
| Day 3: Feb 18 | – | 0.54x | 0.30x | 0.42x |
| Day 4: Feb 19 | – | 0.63x | 0.32x | 0.48x |
| Day 5: Feb 20 | – | 0.72x | 0.63x | 0.68x |
| Shares Offered or Net Issue | – | 1,101,000 | 1,101,000 | 2,202,000 |
The shares subscribed by the public will be updated here.
Kranti Industries IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Kranti Industries IPO Price Band
The face value of each share is Rs 10, and the Offer price is Rs 37.
Kranti Industries IPO Equity Share Offering
Net Offer to Public: 22,02,000 Equity Shares of face value of Rs10/- each aggregating to Rs 814.74 lakhs.
Public Offer of Equity Shares: 23,19,000 Equity Shares of face value of Rs 10/- each aggregating to Rs 858.03 lakhs.
Fresh Issue is 17,52,000 Equity Shares of face value of Rs10/- each aggregating to Rs 648.24 lakhs.
Kranti Industries Limited – Company Overview
Kranti Industries Limited manufacture customized products for reputed Original Equipment Manufacturers (OEMs) of diverse industries such as passenger cars, electric cars, two wheelers, tractors, construction machineries, railways, light vehicles, off-highway, heavy trucks etc. Over the years the Company has diversified its product portfolio and presently caters to various sectors by developing components for construction, automobile, commercial vehicle, pneumatic tool, wind mill, medical industry, etc.
The Company is promoted by Mr. Sachin Subhash Vora , Mr. Sumit Subhash Vora and Mrs. Indubala Subhash Vora and each of their promoters are having good industrial exposure.
Competitive Strengths of Kranti Industries Limited:
- Quality standards and ISO certified organisation
- Experienced and professional management team
- Stable customer base
- Wide product range and product segments
- ▪ Well established manufacturing facility
- Use of green energy
Business strategies of Kranti Industries Limited:
- Brand Image
- Strengthening relationship with existing customers and widen our customer base
- Effective Utilization of Funds and Resources
- Continue to expand and increase production capacity
- To expand their business activities by entering into joint venture arrangement
- Focus on consistently meeting quality standards
Kranti Industries Limited – Financial Statements
A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:
Financial Summary:
On the basis of Standalone statement:-
| Amount (in INR & Lakhs) | ||||
| 30-Sept-18 | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | |
| Total Assets | 5,015.13 | 4,378.06 | 4,401.16 | 4,135.49 |
| Total Revenue | 3,321.91 | 4,610.92 | 2,925.19 | 2,884.41 |
| Total Expense | 3,118.70 | 4,550.29 | 3,036.65 | 2,898.07 |
| Profit After Tax | 203.22 | 60.63 | (111.46) | (13.66) |
Earnings per Equity Share (in Lakhs)
| 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | |
| Basic & Diluted | 1.28 | -1.32 | -0.30 |
From the above statements, one could find that the Kranti Industries Limited may perform well.
Kranti Industries IPO – Promoters
The Promoters of this company are:
- Mr. Sachin Subhash Vora
- Mr. Sumit Subhash Vora
- Mrs. Indubala Subhash Vora
Interest in promotion of the Company
Company is currently promoted by the Promoters in order to carry on its present business. Promoters are interested in the Company to the extent of their shareholding and directorship of the Individual Promoter in the Company and the dividend declared, if any, by the Company. The Promoters are interested in the transactions entered into the Company and the Promoter Group.
Property Interest
The promoters along with the promoter group will continue to hold collectively some percentage of the equity share capital of the company. As a result of the same, they will be able to exercise significant influence over the control of the outcome of the matter that requires approval of the majority shareholders vote.
Interest in Intellectual Rights of the Company
Promoters has not shown any interest in acquiring the intellectual rights of the company.
Kranti Industries IPO Offer Details or Issue Details
Net Offer to Public: 22,02,000 Equity Shares of face value of Rs10/- each aggregating to Rs 814.74 lakhs
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | 23,19,000 Equity Shares of face value of Rs 10/- each aggregating to Rs 858.03 lakhs. |
| Of which: | |
| Fresh Issue | 17,52,000 Equity Shares of face value of Rs10/- each aggregating to Rs 648.24 lakhs. |
| Offer for sale | 5,67,000 Equity Shares of face value of Rs10/- each aggregating to Rs 209.79 lakhs. |
| of which | |
| Market Maker Reservation Portion | 1,17,000 Equity Shares of face value of Rs10/- each aggregating to Rs 43.29 lakhs |
| Net Offer to Public | 22,02,000 Equity Shares of face value of Rs10/- each aggregating to Rs 814.74 lakhs. |
| Of which | |
| Retail Investors Portion | 11,01,000 Equity Shares of face value of Rs10/- each aggregating to Rs 407.37 lakhs. |
| Non-Retail Investors Portion | 11,01,000 Equity Shares of face value of Rs10/- each aggregating to Rs 407.37 lakhs. |
| Equity Shares outstanding prior to the Issue | 70,50,000 Equity Shares of face value of Rs. 10/- each |
| Equity Shares outstanding after the Issue | 88,02,000 Equity Shares of face value of Rs10/- each |
Kranti Industries IPO Issue Object
These are the IPO Issue Objects of the company
- Working capital requirements of our Company
- General corporate purposes
Kranti Industries IPO – Basis of the 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:
- Quality standards and ISO certified organisation
- Experienced and professional management team
- Stable customer base
- Wide product range and product segments
- Well established manufacturing facility
- Use of green energy
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-16 | -0.30 | -1.71 | – |
| 31-Mar-17 | -1.32 | -7.65 | – |
| 31-Mar-18 | 1.28 | 6.91 | 18.48 |
- Competitive Peers:
Sr. No. Particulars Face Value (in Rs.) Basic EPS (In Rs.) P/E Ratio RONW in % 1 Endurance Technologies Limited 10 27.78 41.49 20.00 2 MM Forgings Limited 10 50.20 12.60 17.10 3 Bharat Forge Limited 2 16.38 30.92 17.7 4 Rico Auto Industries Limited 1 4.30 15.72 10.7
Kranti Industries IPO Lead Managers
| Lead Managers |
| FAST TRACK FINSEC PRIVATE LIMITED B-502, Statesman House, 148 Barakhamba Road, New Delhi – 110001 Telephone: +91-11-43029809 Email: mb@ftfinsec.com Investor Grievance Email: investor@ftfinsec.com Website: www.ftfinsec.com Contact Person: Mr. Pawan Kumar Mahur SEBI Reg. No: INM000012500 |
Kranti Industries IPO Registrar to offer
| Registrar to the Offer |
| LINK INTIME INDIA PRIVATE LIMITED C-101, 1st Floor, 247 Park, Lal Bahadur Shastri Marg, Vikhroli (West), Mumbai 400 083 Telephone: +91 22 49186200 Facsimile: +91 22 49186195 Email: kranti.ipo@linkintime.co.in Investor grievance email: kranti.ipo@linkintime.co.in Contact Person: Mr. Shanti Gopalkrishnan Website: www.linkintime.co.in SEBI Registration Number: INR000004058 |
Other Details:
- Statutory Auditor – M/s. A D V & Associates, Chartered Accountant
- Bankers to the Company – HDFC Bank Limited
Kranti Industries IPO Review by Top 10 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 |
Kranti Industries IPO Grey Market Premium
The Kranti Industries IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
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Kranti Industries IPO News
News 1 – IPO ISSUE OPENS SOON [Download Prospectus]
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