Kalahridhaan Trendz is scheduled to hit the market on February 15, 2024 and close on February 20, 2024. Kalahridhaan Trendz plans to raise around ₹22.49 Cr through an IPO with a sale of up to 4,998,000 equity shares of ₹10 each. The Retail offered 50%, Others Offered 50%.
Established in 2016, Kalahridhaan Trendz Limited specializes in textile dyeing and processing. The company is actively involved in the production and distribution of fabrics featuring embroidery, trading grey fabrics, procurement of grey fabrics, as well as printing and dyeing services for suiting, shirting, and dress fabrics within the B2B sector. Kalahridhaan Trendz Limited operates through two main divisions: Embroidery and knitting, and Dyeing and printing of fabrics.
Situated in Ahmedabad, Gujarat, the company's manufacturing facility boasts a daily production capacity of 1.00 lakh meters. By December 31, 2023, Kalahridhaan Trendz Limited had a workforce of 12 permanent employees working across various departments.
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Kalahridhaan Trendz IPO Details
Kalahridhaan Trendz IPO opens on Feb 15, 2024, and closes on Feb 20, 2024. The Listing date for Kalahridhaan Trendz IPO is on Feb 23, 2024. The price band for IPO is ₹45 per share and lot size of 3000 Shares.
| IPO Date | Feb 13, 2024 to Feb 15, 2024 |
| Listing Date | Feb 23, 2024 |
| Price | ₹45 per share |
| Lot Size | 3000 Shares |
| Issue Size | ₹22.49 Cr |
| Face Value | ₹10 per share |
Kalahridhaan Trendz IPO Tentative Timetable
Kalahridhaan Trendz opening date is February 15, 2024 and close date is February 20, 2024. The IPO allotment date is February 21, 2024. The refund initiation of IPO is on February 22, 2024. The credit of shares in demat account is on February 22, 2024. The listing date is on February 23, 2024.
| Event | Date |
|---|---|
| IPO Opening | Feb 15, 2024 |
| IPO Closing | Feb 20, 2024 |
| IPO Allotment Date | Feb 21, 2024 |
| Refund Initiation | Feb 22, 2024 |
| Shares Credit to Demat | Feb 22, 2024 |
| Lisiting Date | Feb 23, 2024 |
Kalahridhaan Trendz IPO Lot Size
Lot Size of this IPO is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹135,000).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 3000 | ₹135,000 |
| Retail(Maximum) | 1 | 3000 | ₹135,000 |
| HNI (Minimum) | 2 | 6000 | ₹270,000 |
Kalahridhaan Trendz IPO Promoter Holding
| Pre Issue Share Holding | 96.22% |
| Post Issue Share Holding | 68.24% |
Kalahridhaan Trendz IPO Review
Kalahridhaan Trendz Limited has showcased remarkable growth in its financial performance, with a notable increase in revenue and profit after tax for the fiscal year ending on March 31, 2023. The company's revenue saw a marginal uptick of 0.14%, while its profit after tax soared by an impressive 170.52% compared to the previous year. These positive figures are echoed in key performance indicators like the Return on Equity (ROE) of 42.09%, Return on Capital Employed (ROCE) of 17.39%, and Return on Net Worth (RoNW) of 36.75%. Furthermore, the Debt/Equity ratio of 3.19 signifies the company's sound financial health and potential for further growth.
With a market capitalization of Rs 77.34 Cr for the Kalahridhaan Trendz IPO, investors are presented with an enticing opportunity to participate in a promising venture. The post-IPO metrics, including an earnings per share (EPS) of Rs 5.57 and a price-to-earnings (P/E) ratio of 8.08, underscore the company's strong performance and future growth prospects. By focusing on using the net proceeds to address working capital requirements, general corporate purposes, and public issue expenses, Kalahridhaan Trendz Limited demonstrates a strategic approach to sustaining its upward trajectory in the market.
For those seeking a potentially rewarding investment avenue, Kalahridhaan Trendz Limited stands out as a compelling choice. Its robust financial indicators, coupled with a clear utilization plan for the IPO proceeds, position the company favorably for continued success. Investors can consider Kalahridhaan Trendz Limited as a valuable addition to their portfolio, offering a blend of stability, growth opportunities, and prudent financial management in the dynamic landscape of the market.
Kalahridhaan Trendz IPO Subscription Status (Bidding Details)
Table not foundKalahridhaan Trendz IPO Broker Recommendations
- Capital Market: To be updated soon
- Anand Rathi: To be updated soon
- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
Kalahridhaan Trendz IPO FAQs
What is Kalahridhaan Trendz IPO?
Kalahridhaan Trendz is issuing 4,998,000 equity shares with a face value of ₹10 each, totaling up to ₹22.49 Cr. The shares are being offered at a price of ₹45 each, with a minimum order quantity of 3000 shares.
Bigshare Services Pvt Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When Kalahridhaan Trendz IPO will open?
Kalahridhaan Trendz will open on February 15, 2024 for QIB, NII, and Retail Investors.
When Kalahridhaan Trendz IPO will end?
Kalahridhaan Trendz will end on February 20, 2024.
What is Kalahridhaan Trendz IPO Size?
Kalahridhaan Trendz IPO size is ₹22.49 Cr.
What is Kalahridhaan Trendz IPO Price Band?
Kalahridhaan Trendz price band is ₹45 per share.
What is the Kalahridhaan Trendz IPO Allotment Date?
Kalahridhaan Trendz allotment date is February 21, 2024.
What is the Kalahridhaan Trendz IPO Listing Date?
Kalahridhaan Trendz listing date is February 23, 2024. The IPO is to be listed on BSE and NSE.
How to Kalahridhaan Trendz IPO through Zerodha?
To apply for the IPO “Kalahridhaan Trendz” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply Kalahridhaan Trendz IPO through Upstox?
To apply for the IPO “Kalahridhaan Trendz” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check Kalahridhaan Trendz IPO Allotment Status?
For Kalahridhaan Trendz IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is Kalahridhaan Trendz IPO GMP?
You can check out here: Kalahridhaan Trendz IPO GMP