Kranti Industries IPO – Review, Allotment, Subscription, GMP & DRHP

Let’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.

 


Kranti Industries IPO Review & Ratings

IPO Ratings & Review
CriteriaRatings
Industry Sentiments8.5/10
Industry Ranking7.8/10
Company Background7.9/10
Company Reputation7.9/10
Competitive Edge7.7/10
Financial Statements7.8/10
Popularity Index8.4/10
Promoters Reputation7.7/10
Retail Appetite7.9/10
Top Brokers Review7.9/10
Overall Ratings8.1/10
Star Ratings★★★★☆

Summary of Kranti Industries IPO

Kranti Industries IPOKranti 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 / DateQIBNIIRIITotal Subscription
    Day 1: Feb 140.24x0.04x0.14x
    Day 2: Feb 150.43x0.07x0.25x
    Day 3: Feb 180.54x0.30x0.42x
    Day 4: Feb 190.63x0.32x0.48x
    Day 5: Feb 200.72x0.63x0.68x
    Shares Offered or Net Issue1,101,0001,101,0002,202,000

    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-1831-Mar-1831-Mar-1731-Mar-16
    Total Assets5,015.134,378.064,401.164,135.49
    Total Revenue3,321.914,610.922,925.192,884.41
    Total Expense3,118.704,550.293,036.652,898.07
    Profit After Tax203.2260.63(111.46)(13.66)

    Earnings per Equity Share (in Lakhs)

    31-Mar-1831-Mar-1731-Mar-16
    Basic & Diluted1.28-1.32-0.30

    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 Issue17,52,000 Equity Shares of face value of Rs10/- each aggregating to Rs 648.24 lakhs.
    Offer for sale5,67,000 Equity Shares of face value of Rs10/- each aggregating to Rs 209.79 lakhs.
    of which
    Market Maker Reservation Portion1,17,000 Equity Shares of face value of Rs10/- each aggregating to Rs 43.29 lakhs
    Net Offer to Public22,02,000 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 Portion11,01,000 Equity Shares of face value of Rs10/- each aggregating to Rs 407.37 lakhs.
     Equity Shares outstanding prior to the Issue70,50,000 Equity Shares of face value of Rs. 10/- each
     Equity Shares outstanding after the Issue88,02,000 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 EPSRONW (%)NAV (Rs.)
    31-Mar-16-0.30-1.71
    31-Mar-17-1.32-7.65
    31-Mar-181.286.9118.48
    • Competitive Peers:
      Sr. No. ParticularsFace Value  (in Rs.)Basic EPS (In Rs.)P/E RatioRONW in %
      1Endurance Technologies Limited1027.7841.4920.00
      2MM Forgings Limited1050.2012.6017.10
      3Bharat Forge Limited216.3830.9217.7
      4Rico Auto Industries Limited14.3015.7210.7

     


     

    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 ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
    Angel Broking7.5/107.4/108.5/108.1/107.1/10
    Sharekhan7.2/107.1/108.6/108.1/107.2/10
    Kotak Securities7.3/107.5/108.4/108.1/107.3/10
    ICICI Direct7.3/107.3/108.7/108.1/107.1/10
    IIFL7.5/107.2/108.8/108.0/107.1/10
    Edelweiss7.5/107.4/108.4/108.3/107.2/10
    Zerodha7.4/107.1/108.5/108.1/107.0/10
    5Paisa7.1/107.1/108.4/108.1/107.1/10
    Karvy7.4/107.3/108.2/108.1/107.1/10
    Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

    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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