Krishca Strapping Solutions was founded in December 2017 with the intention of providing a complete range of packaging solutions to the steel industry. The commercial production at Krishca Strapping Solutions’ Chennai facility began in March 2020. Krishca Strapping Solutions is a young and dynamic team of 50 individuals, who have been schooled in human relations skills, and Krishca Strapping Solutions emphasizes the significance of safe production.
Krishca Strapping is a facility located in Chennai, India, that produces high-tensile steel straps treated with heat using cutting-edge equipment monitored by proficient metallurgists and engineers. The production line is governed by Programmable Logic Controllers (PLCs) that enable the heat treatment process to produce a uniform grain structure, and the manufacturing procedure is pollution-free and devoid of lead. The company specializes in producing Super Jumbo coils of steel straps weighing up to 500 Kg
The quality standards of the steel straps manufactured by Krishca Strapping comply with the specifications outlined by the American, European, and Indian standards. These standards include IS 5872:1990, ASTM D-3953, and BS EN 13246:2001, which define the specifications for cold-rolled steel straps, flat steel and seals, and tensional steel strapping, respectively.
What is Industrial Strapping?
Industrial strapping is the process of bundling products together using a strap. It is a critical component of packaging, ensuring that products are kept secure during transportation and storage. There are several types of strapping materials available, including steel, polyester, and polypropylene. Each material has its unique set of advantages and disadvantages. Selecting the right one for your business depends on several factors, such as the type of product being packaged, the transportation method, and the storage conditions.
Krishca Strapping Solutions IPO Complete Details:
| IPO Date | 16 May 2023 to 19 May 2023 |
| Issue Type | Book Built Issue |
| Listing At | NSE SME |
| Face Value | 10 Rs. Per Share |
| Price | 51 to 54 Rs. |
| Lot Size | 2000 |
| Issue Size | 3,320,000 shares (Rs.17.93 Cr) |
| Fresh Issue | 3,320,000 shares (Rs.17.93 Cr) |
| Listing Date | 29 May 2023 |
Krishca Strapping Solutions IPO Timetable:
| Activity | Date* |
|---|---|
| Opening Date | 16 May 2023 |
| Closing Date | 19 May 2023 |
| Allotment | 24 May 2023 |
| Initiation of Refunds | 25 May 2023 |
| Credit of Shares to Demat Account | 26 May 2023 |
| Listing Date | 29 May 2023 |
Company Financial Details:
| Period Ended | Assets | Revenue | Profit After Tax | Borrowings | Reserves and Surplus |
|---|---|---|---|---|---|
| 31 March 2020 | 915.75 | 98.15 | -223.92 | 827.36 | -237.02 |
| 31 March 2021 | 1,292.02 | 971.05 | -67.25 | 1,337.48 | -421.64 |
| 31 March 2022 | 1,544.00 | 1,871.71 | 150.54 | 939.28 | -340.49 |
| 15 February 2023 | 2,696.96 | 6,351.23 | 785.75 | 1,193.01 | 445.26 |
AS OF NOW, the GMP OF Krishca Strapping Solutions LIMITED is Around 70 Rs.