Krishna Defence IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 17, 2022Let’s have a detailed review of the company and analytics of the Krishna Defence IPO release date, IPO offer price, subscription, Krishna Defence 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 37 to 39 |
| Listing At | NSE, SME |
| Min. Order Quantity | 3000 Shares |
| Listing Date | Apr 6, 2022 |
| Offer for Sale | Rs Lakhs |
| Fresh Issue | Rs 1189 Lakhs |
| IPO Size | Rs 1189 Lakhs |
| Tick Size | 1 |
Krishna Defence IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
Krishna Defence IPO – Summary
Their Company was originally formed as a partnership firm under the Indian Partnership Act, 1932 in the name and style of “M/s. Krishna Industries”, pursuant to a deed of partnership entered between Mr. Ankur Ashwin Shah, Mrs. Pallavi Ashwin Shah and Mr. Bhadresh Sanatkumar Joshi in 1997.
Later the partnership firm was dissolved by mutual consent of the partners w.e.f March 31, 2002 vide dissolution deed dated April 01, 2002 and the business of M/s. Krishna Industries was taken over by Mr. Ankur Ashwin Shah as a Proprietor
The Promoter of this company is Mr. Ankur Ashwin Shah. The lead manager to the issue is HEM SECURITIES LIMITED, and the Registrar to this issue is BIGSHARE SERVICES PRIVATE LIMITED.
Krishna Defence IPO Date
The opening and the closing date of Krishna Defence IPO are Mar 25, 2022 and Mar 29, 2022 Respectively.
Krishna Defence IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – 25th March | 0.00x | 5.21x | 18.60x | 7.30x |
| 2nd Day – 28th March | 1.48x | 11.66x | 51.71x | 20.63x |
| 3rd Day – 29th March | 8.84x | 159.90x | 132.28x | 74.84x |
| Shares Offered or Net Issue | 1,443,000 | 435,000 | 1,014,000 | 2,892,000 |
The shares subscribed by the public will be updated here.
Check Krishna Defence IPO LIVE Subscription
- Krishna Defence IPO LIVE Bid details on NSE
- Krishna Defence IPO LIVE Bid details on SME
For the Latest Bid details click on the above links.
Krishna Defence 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.
Krishna Defence Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Apr 1, 2022 |
| Refunds Initiation | Apr 4, 2022 |
| Credit of Shares to Demat Account | Apr 5, 2022 |
| Share Listing Date | Apr 6, 2022 |
Krishna Defence IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.37 to 39
Krishna Defence IPO Equity Size
This Initial Public Issue of 30,48,00 Equity Shares of Rs.10 each for cash at a price of Rs.37 to 39 per equity share aggregating to Rs.1189 Lakhs.
Krishna Defence IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 3,048,000 Equity Shares of Rs.10/ each.
Issue Size: 3,048,000 Equity Shares of Rs.10 each, aggregating to Rs.1189 Lakhs
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Krishna Defence IPO – Live Performance
The listing date of this IPO is Apr 6, 2022. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Krishna Defence Share Price |
Krishna Defence IPO Grey Market Premium
The Krishna Defence Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
Krishna Defence IPO – Company Overview
They are engaged in the diversified business of manufacturing defence application products, dairy equipment products and kitchen equipments. They have entered into various licensing agreement with Defence Research and Development Organisation (“DRDO”) for obtaining the know-how and rights which enable them to manufacture and supply specialized defence application products for the Indian Armed Forces.
Under defence application, they provide a wide array of high performance products for naval applications and other utilities such as ship building steel bulb bar, special steel alloy bricks used as ballast weight for critical applications, super alloys weld consumables like welding wire, flux and electrodes, food container and improved space heating device, which is also known as bukhari
Krishna Defence 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 & Lakhs) | ||||
| 30-Sept-21 | 31-Mar-21 | Mar-20 | 31-Mar-19 | |
| Total Assets | 5,804.14 | 5,620.06 | 6,141.36 | 6,599.65 |
| Total Revenue | 2,098.20 | 3,618.84 | 2,572.37 | 5,890.85 |
| Total Expense | 1,931.94 | 3,356.64 | 2,458.94 | 5,602.55 |
| Profit After Tax | 122.11 | 193.65 | 74.61 | 206.44 |
Earnings per Equity Share (in Lakhs)
| 30-Sept-21 | 31-Mar-21 | Mar-20 | 31-Mar-19 | |
| Basic & Diluted | 1.45 | 2.31 | 0.89 | 2.46 |
Further, their PAT for the period ended on Sept 30, 2021, March 31, 2021, March 31, 2020, and March 31, 2019, were Rs. 122.11 Lakhs, Rs. 193.65 Lakhs, Rs. 74.61 Lakhs and Rs. 206.44 Lakhs respectively.
Krishna Defence IPO – Promoters
The Promoter of this company is:
- Mr. Ankur Ashwin Shah
List of Related Parties (Key Managerial Personnel)
- Mr. Ankur Ashwin Shah, Managing Director
- Mr. Sandeep Ramrao Kadam, Whole Time Director
- Mr. Suvendu Banerjee, Whole-time Director
- Mrs. Preyal Ankur Shah, Additional Non Executive Director & Chairperson
- Mr. Divyakant Ramniklal, Independent Director
- Mr. Jay kumar Toshniwal, Independent Director
Krishna Defence IPO – Promoters Holding
- Pre Issue Share Holding – 100%
- Pos Issue Share Holding – 73.38%
Krishna Defence IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 30,48,000 Equity Shares aggregating up to Rs.[●] Million |
| of which: | |
| Issue Reserved for the Market Makers | Up to 1,56,000 Equity Shares aggregating up to Rs.[●] Million |
| Net Issue to the Public | Up to 28,92,000 Equity Shares aggregating up to Rs.[●] Million |
| Of which: | |
| Retail Investors Portion | Not less than 4,35,000 Equity Shares |
| Other than Retail Individual Investors | Not more than 10,14,000 Equity Shares |
| Equity Shares outstanding prior to the Issue | 84,00,000 Equity Shares |
| Equity Shares outstanding after the Issue | X Equity Shares |
Krishna Defence 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
3. To meet issue expenses
Krishna Defence IPO – Business Strategy
- Continue to strengthen their existing product portfolio and diversify into products with attractive growth and profitability prospects
- Capitalize on upward trend of Defense and Dairy sector, increasing indigenization, commercialization and policy initiatives in the sectors.
- Expand international presence through increase in exports
Krishna Defence 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:
- They offer a diversified range of products.
- Precision engineering expertise with complex product manufacturing capability
- Strong R&D capabilities with a focus on innovation
- Long Standing Relationship with their customers
- Experienced and Qualified Management and Employee base
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | 2.31 | 10.74 | 21.46 |
| 31-Mar-20 | 0.89 | 4.64 | 19.16 |
| Mar-19 | 2.46 | 13.45 | 18.27 |
Krishna Defence IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| Krishna Defence Limited | 10 | [●] | 2.31 | 10.74 | 3,618.84 |
| Listed Peers | |||||
| NA | – | – | – | – | – |
Krishna Defence IPO Lead Managers
| Lead Managers |
| HEM SECURITIES LIMITED 904,A Wing, Naman Midtown, Senapati Bapat Marg, Elphinstone Road, Lower Parel, Mumbai-400013, India Tel. No.: +91- 022- 49060000 Fax No.: +91- 022- 22625991 Website: www.hemsecurities.com Email: ib@hemsecurities.com Investor Grievance Email: redressal@hemsecurities.com Contact Person : Mrs. Roshni Lahoti SEBI Regn. No. INM000010981 |
Krishna Defence IPO Registrar to offer
| Registrar to the Offer |
| BIGSHARE SERVICES PRIVATE LIMITED Address:-1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road, Marol, Andheri East, Mumbai – 400059 Tel No.: +91-022-62638200 Fax No.: +91 22 6263 8280 Website: www.bigshareonline.com Email: ipo@bigshareonline.com Contact Person: Mr. Swapnil Kate SEBI Regn. No.: INR000001385 |
Krishna Defence IPO – Other Details
- Statutory Auditor – CNK & ASSOCAITES LLP
- Legal Counsel to the Company – Vedanta Law Chambers
- Bankers to the Company – Axis Bank Limited
Krishna 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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Krishna Defence Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Krishna Defence IPO Review FAQs
Ques – What is the Issue Size of Krishna IPO?
Answer – The Company is making an initial public offer of 30,48,000 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 the net issue.
Ques – What is the Price band of Krishna Defence IPO?
Answer – The price band for this particular IPO ranges between Rs. 37 to 39. As far as the face value of the share is of concern, it is Rs.10 per share.
Ques – What is the Krishna Defence IPO Open Date?
Answer – The opening and closing dates for this IPO have been updated. The IPO is set to open on Mar 25, 2022, while the closing date is set at Mar 29, 2022.
Ques – What is the Krishna Defence IPO Allotment Date?
Answer – They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Apr 1, 2022, refund initiation is on Apr 4, 2022, credit of shares is on Apr 5, 2022, and share listing date is on Apr 6, 2022.
Ques – What is the Krishna Defence IPO Listing Date?
Answer – Shares of this company shall be listed in the exchanges Apr 6, 2022. The date, when the listing would be done, is stagnant on Apr 6, 2022.
Ques – Who is the Registrar of Krishna Defence 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 Krishna IPO?
Answer – Here are the promoters of this IPO – Mr. Ankur Ashwin Shah. 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 GMP of Krishna 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 Krishna Defence 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 Krishna Defence 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 Lakhs is 193.65, 2020 is 74.61, 2019 is 206.44. PAT from Sep 2021 is 122.11.
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