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Let’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 ValueRs 10
Price BandRs 37 to 39
Listing AtNSE, SME
Min. Order Quantity3000 Shares
Listing DateApr 6, 2022
Offer for SaleRs Lakhs
Fresh IssueRs 1189 Lakhs
IPO SizeRs 1189 Lakhs
Tick Size1

Krishna Defence IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.


Krishna Defence IPO – Summary

Krishna Defence IPOTheir 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 / DateQIBNIIRIITotal Subscription
1st Day – 25th March0.00x5.21x18.60x7.30x
2nd Day –  28th March1.48x11.66x51.71x20.63x
3rd Day – 29th March8.84x159.90x132.28x74.84x
Shares Offered or Net Issue1,443,000435,0001,014,0002,892,000

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 FinalizationApr 1, 2022
Refunds InitiationApr 4, 2022
Credit of Shares to Demat AccountApr 5, 2022
Share Listing DateApr 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-2131-Mar-21Mar-2031-Mar-19
    Total Assets5,804.14 5,620.06 6,141.366,599.65
    Total Revenue2,098.203,618.842,572.375,890.85
    Total Expense1,931.943,356.642,458.945,602.55
    Profit After Tax122.11193.6574.61206.44

    Earnings per Equity Share (in Lakhs)

    30-Sept-2131-Mar-21Mar-2031-Mar-19
    Basic & Diluted1.452.310.892.46

     

    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:

    1. 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 MakersUp to 1,56,000 Equity Shares aggregating up to Rs.[●]
    Million
    Net Issue to the PublicUp 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 InvestorsNot more than 10,14,000 Equity Shares
     Equity Shares outstanding prior to the Issue84,00,000 Equity Shares
     Equity Shares outstanding after the IssueX 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 EPSRONW (%)NAV (Rs.)
    31-Mar-212.3110.7421.46
    31-Mar-200.894.6419.16
    Mar-192.4613.4518.27

    Krishna Defence IPO: Competitive Peers

    Face Value (Rs.)P/EEPS  (Rs.)Return on Net Worth (%)Total Income (Rs. in Lakhs)
    Krishna Defence Limited10[●]2.3110.743,618.84
    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 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

     


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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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