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

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.

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 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 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 not known yet.


Kranti Industries IPO Subscription

Day / Date QIB NII RII Total Subscription
Day 1 
Day 2
Day 3
Day 4
Day 5
Shares Offered or Net Issue

The shares subscribed by the public will be updated herein on a daily basis, once the IPO is open for subscription.


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, but the price band of the IPO is not yet disclosed. 


Kranti Industries IPO Equity Share Offering

Initial public offer of up to 23,88,000 Equity Shares of Rs. 10 each, at an Offer Price of Rs. [●] per Equity Share.


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

Particulars  No. Of Equity Shares
 Equity Shares Offered  Up to 23,88,000* Equity Shares of face value of Rs. 10/- each aggregating up to Rs. [●] lakhs
 Of which:
Fresh Issue Up to 17,84,000* Equity Shares of face value of Rs. 10/- each aggregating up to Rs. [●] lakhs.
Offer for sale Up to 6,04,000* Equity Shares of face value of Rs. 10/- each
aggregating up to Rs. [●] lakhs
 Of which:
QIB Portion Up to [●]* Equity Shares of face value of Rs. 10/- each aggregating up to Rs. [●] lakhs
Of which
Available for allocation to Mutual Funds only (5% of the QIB portion) (Excluding the Anchor Investor Portion) Up to [●]* Equity Shares of face value of Rs. 10/- each aggregating up to Rs. up to [●] lakhs.
Balance for all QIBs including Mutual Funds
 Retail Investors Portion  Up to [●]* Equity Shares of face value of Rs. 10/- each aggregating up to Rs. [●] lakhs
 Non-Retail Investors Portion Up to [●]* Equity Shares of face value of Rs. 10/- each aggregating to Rs. up to [●] 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 [●] Equity Shares of face value of Rs. 10/- each

Kranti Industries IPO Issue Object

These are the IPO Issue Objects of the company

  • Working capital requirements of our Company
  • General corporate purposes

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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

 


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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:
Investor Grievance Email:
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:
Investor grievance email:
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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