12-Feb-2024
2 mins read
Kalaharidhaan Trendz Limited IPO 2024 is open for subscription from Thursday, February 15, 2024 and will close on Tuesday, February 20, 2024. The price is decided at Rs 45 per share. The minimum lot size of this application for the retail category is 3000 shares. Whereas, the minimum lot size for HNI category is 2 lots consisting of 6000 shares. The minimum amount of investment required for retail category investors is Rs 1,35,000 (45 x 3000 shares). However for HNI category the minimum investment amount is required Rs 2,70,000 (45 x 6000 shares). Kalaharidhaan Trendz Limited IPO 2024 is a fixed price issue of Rs 22.49 crores. The issue is entirely a fresh issue of 48.98 lakh equity shares. The allotment for this IPO is expected to be finalized on Wednesday, February 21, 2024. Kalaharidhaan Trendz Limited IPO will list on NSE SME and listing date fixed on Friday, February 23, 2024. The book running lead manager of Kalaharidhaan Trendz Limited IPO is Interactive Financial Services Limited. The registrar for this IPO is Bigshare Services Private Limited. The market maker for the Kalaharidhaan Trendz Limited IPO is Sunflower Broking.
About Kalaharidhaan Trendz Limited
Kalaharidhaan Trendz is a full-fledged textile dyeing and processing company founded in 2016. It is engaged in the business of manufacturing and trading of fabrics with embroidery, trading of grey fabrics, buying of grey fabrics and printing and dying of suiting, shirting and dress fabrics for sale in the B2B market. Company is first stage wholesalers, who directly supply materials to the wholesalers. In the case of Embroidery Segment, the Company undertakes the embroidery work for its own business as well as on behalf of the other clients. In addition to this, they also get embroidery work outsourced. The company also deals in the purchase and sale of grey clothes as well as the suiting, shirting, and dress materials. They have two embroidery knitting machines having a capacity of 15000 meters per day. As a part of an expansion of business activities, as a part of forward integration, they have also taken over the textile Dyeing and printing business unit on a rent basis in February 2018, where they are carrying out the dying and printing of suiting, shirting and dress materials for our own use as well as on job work too.
Objectives of the Issue
The important objective of this IPO is to raise capital from the public by diluting the equity. The net proceeds from this issue will be used to meet the capital expenditure of the company. Other than this, the funds will be used to meet the general corporate purposes and issue expenses.
Financial Performance of Kalaharidhaan Trendz Limited
Company’s revenue increased by 0.14% and profit after tax increased by 170.52% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30-Sep-23 | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| Assets | 10,979.30 | 10,962.55 | 10,297.94 | 5,979.36 |
| Revenue | 8,434.54 | 18,417.01 | 18,390.46 | 13,235.91 |
| Profit After Tax | 478.72 | 666.01 | 246.2 | 110.54 |
| Net Worth | 2,290.94 | 1,202.78 | 536.77 | 290.56 |
| Reserves and Surplus | 1,072.04 | 1,202.78 | 536.77 | 290.56 |
| Total Borrowing | 6,702.43 | 6,105.33 | 5,249.90 | 3,145.56 |
| Amt in Rs. Lakhs |
Other Important Details of Kalaharidhaan Trendz Limited IPO
| IPO Date | February 15, 2024 to February 20, 2024 |
| Listing Date | 23-Feb-24 |
| Face Value | Rs 10 per share |
| Price | Rs 45 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 4,998,000 shares (amounting to Rs 22.49 Crore) |
| Fresh Issue | 4,998,000 shares (amounting to Rs 22.49 Crore) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 12,189,000 |
| Shareholding post issue | 17,187,000 |
| Market Maker portion | 252,000 shares |
| Sunflower Broking |
Lot Size of Kalaharidhaan Trendz Limited IPO
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 3000 | Rs 135,000 |
| Retail (Max) | 1 | 3000 | Rs 135,000 |
| HNI (Min) | 2 | 6,000 | Rs 270,000 |
IPO Reservation of Kalaharidhaan Trendz Limited
| Investor Category | Shares Offered |
| Retail Shares Offered | 50% of the net offer |
| Other Shares Offered | 50% of the net offer |
Promoters of Kalaharidhaan Trendz Limited and Their Holdings
The Promoters of the company are Niranjan Agarwal, Aditya Agarwal and Sunitadevi Agarwal.
| Shareholding Pre Issue | 96.22% |
| Shareholding Post Issue | 68.24% |
Time-Table of Kalaharidhaan Trendz Limited IPO 2024
| IPO Open Date | Thursday, February 15, 2024 |
| IPO Close Date | Tuesday, February 20, 2024 |
| Basis of Allotment | Wednesday, February 21, 2024 |
| Initiation of Refunds | Thursday, February 22, 2024 |
| Credit of Shares to Demat | Thursday, February 22, 2024 |
| Listing Date | Friday, February 23, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 20, 2024 |
Key Performance Indicator of Kalaharidhaan Trendz Limited IPO 2024
The market capitalization of Kalaharidhaan Trendz Limited is Rs 77.34 Crore.
| KPI | Values |
| ROE | 42.09% |
| ROCE | 17.39% |
| Debt/Equity | 3.19 |
| RoNW | 36.75% |
| P/BV | 1.51 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 5.46 | 5.57 |
| P/E (x) | 8.24 | 8.08 |
Lead Manager(s) of Kalaharidhaan Trendz Limited IPO 2024
The lead manager for Kalaharidhaan Trendz Limited IPO is Interactive Financial Services Limited.
How to Apply for Kalaharidhaan Trendz Limited IPO 2024
Wait for the public issue to open for subscription, then click on this link to apply for the Kalaharidhaan Trendz Limited IPO with Bigul https://ipo.bonanzaonline.com/.
How to Check Allotment Status of Kalaharidhaan Trendz Limited IPO 2024
The registrar for Kalaharidhaan Trendz Limited IPO is Bigshare Services Private Limited. To check your allotment status, please click on this link below https://www.bigshareonline.com/ipo_Allotment.html
FAQs
- What is Kalaharidhaan Trendz Limited IPO 2024?
Kalaharidhaan Trendz Limited IPO 2024 is a fixed price issue of Rs 22.49 crores. The issue is entirely a fresh issue of 48.98 lakh equity shares. The price is decided at Rs 45 per share. The minimum lot size of this application for the retail category is 3000 shares.
- Who are the lead managers for the Kalaharidhaan Trendz Limited IPO 2024?
Interactive Financial Services Limited are appointed as the lead managers for the IPO.
- What is the role of Bigshare Services Private Limited in this IPO?
Bigshare Services Private Limited is the registrar for the Kalaharidhaan Trendz Limited handling the IPO’s administrative aspects.
- How can I apply for the Kalaharidhaan Trendz Limited IPO 2024?
The public subscription of this IPO will open on February 15, 2024. Visit Bigul website for the application process.
- How will the net proceeds from the IPO be utilized?
The net proceeds from the issue will be utilized to meet the requirements of the working capital. Other than this, the general corporate purposes like capital expenditure, acquisitions are also fulfilled.
- How can I check the allotment status of the IPO?
You can check the allotment status of the Kalaharidhaan Trendz Limited IPO 2024 by visiting here https://www.bigshareonline.com/ipo_Allotment.html
- What is the financial performance of Kalaharidhaan Trendz Limited?
Company’s revenue increased by 0.14% and profit after tax increased by 170.52% between the financial year ending with March 31, 2023 and March 31, 2022.