Kalahridhaan Trendz Limited, a prominent player in the textile industry, is poised to launch its Initial Public Offering (IPO). Specialising in dyeing and processing textiles, the Kalaharidhaan Trendz Ltd. IPO marks a significant milestone for the company, offering investors the opportunity to partake in its growth and expansion within the textile sector. Let us now look at the Kalaharidhaan IPO highlights and some other crucial information.
Parameter | Details |
---|---|
IPO Open Date | Feb 15, 2024 |
IPO Close Date | Feb 20, 2024 |
Issue Size | Rs 22.49 crores |
Fresh Issue | 49.98 lakh shares |
IPO Price | Rs. 45 per share |
Allotment Date | Feb 21, 2024 |
Listing Date (Tentative) | Feb 23, 2024 |
Minimum Lot Size | 3000 shares |
Minimum Retail Investment | Rs. 135,000 |
Minimum HNI Investment | 2 lots (6,000 shares), Rs. 270,000 |
Book Running Lead Manager | Interactive Financial Services Ltd |
Registrar | Bigshare Services Pvt Ltd |
Market Maker | Sunflower Broking |
Checkout the List of Upcoming IPO.
Kalahridhaan Trendz Limited is aiming to raise Rs 22.49 crores through a fresh issue of 49.98 lakh shares. With subscription opening on February 15 and closing on February 20, 2024, the IPO is anticipated to be listed on NSE SME by February 23, 2024. Priced at Rs. 45 per share, the minimum lot size is 3000 shares, requiring a minimum investment of Rs. 135,000 for retail investors and Rs. 270,000 for HNIs. Interactive Financial Services Ltd serves as the book-running lead manager, with Bigshare Services Pvt Ltd as registrar and Sunflower Broking as the market maker.
Established in 2016, Kalahridhaan Trendz Limited specialises in dyeing and processing textiles, offering a diverse range of fabrics with embroidery and printing for the B2B market. With two core divisions focusing on embroidery and knitting, as well as dyeing and printing, the company operates from its manufacturing facility in Ahmedabad, Gujarat, boasting a robust production capacity of 1.00 lakh meters per day.
As of December 31, 2023, Kalahridhaan Trendz Limited sustains operations with a dedicated team of 12 permanent employees across various departments, driving its commitment to quality and innovation in the textile industry.
Particulars | March 2023 | March 2022 | March 2021 |
---|---|---|---|
Assets | 10,962.55 | 10,297.94 | 5,979.36 |
Revenue | 18,417.01 | 18,390.46 | 13,235.91 |
Profit After Tax | 666.01 | 246.20 | 110.54 |
Net Worth | 1,202.78 | 536.77 | 290.56 |
*All the figures are in lakhs.
Here's a table outlining the strengths and weaknesses of the Kalahridhaan Trendz Ltd
Strengths | Weaknesses | ||
---|---|---|---|
Prime Location of Manufacturing Unit | The company doesn't own its registered office | ||
Unique Product Offering | Reliance on top buyers and suppliers for revenue and raw material | ||
High-Demand Product Line, Establishing Brand Presence | Lack of long-term agreements with customers or suppliers | ||
Experienced Promoters and Team | The potential revenue impact from the loss of customers or orders | ||
Litigations may negatively affect financial condition | |||
Instances of delayed GST and TDS returns | |||
Dependency on manufacturing facilities for business |
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An IPO also known as initial pulic offering or stock launch is a process when a private company sale its shares to public for the first time. Learn more about IPO at our knowledge centre.
A lot size is the minimum number of shares that an investor has to bid for. A lot size differs for each IPO and is fixed by the company.
IPO Price Band is the price range within which investors can bid for the shares. The minimum price is called the floor price and the maximum price is called the cap price.
Issue size is the total value of an IPO. It is calculated by multiplying the number of shares offered by the company by the issue price per share.
You will receive an email on your registered email id if the IPO shares are allotted to you. Alternatively, you can also visit the registrar of the company’s official website and provide the details as asked in the allotment status section of the website.
IPOs, as such, do not have any taxes. You are taxed only when you decide to sell the IPO shares. Any monetary profit you make while selling the IPO shares is referred to as ‘capital gains’.
Capital gains tax is charged depending on how long you held the shares for. If you owned the shares for less than 12 months, it is considered as short-term capital gains and if it is over 12 months, it is referred as long-term capital gains.
Tax on short-term capital gains is 15%. It is 10% for equity gains in the long run (over 12 months). Do remember that you are taxed if the equity proceeds exceed Rs 1 lakh.
The price per share for the Kalahridhaan IPO is fixed at Rs. 45, without a specified price band.
The minimum lot size for the Kalahridhaan Trendz Ltd. IPO is 3000 shares.
The minimum investment required for retail investors to participate in the Kalahridhaan Trendz IPO is RS. 135,000, considering the minimum lot size of 3000 shares priced at Rs. 45 per share.