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SME IPO Status: Listed [15th Feb 2024 to 20th Feb 2024]
Kalahridhaan Trendz IPO, a SME IPO of ₹22.49 Cr was launced on 15-02-2024 to 20-02-2024 and the shares got listed on NSE SME on 23-02-2024.
The public issue of Kalahridhaan Trendz IPO (KTL) was offered at ₹45.00 per share and the ipo was listed at ₹47.15. It has delivered listing gain of 4.78%.
As the minimum lot size was 3000 shares, the IPO has offered Rs 6449.999999999995 per lot return on listing.
| SME IPO Issue Opening Date: | 15th Feb 2024 |
| SME IPO Issue Closing Date: | 20th Feb 2024 |
| SME IPO Issue Price: | ₹45.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| IPO Listing At: | NSE SME |
| Retail Quota: | 50% of the net offer |
| SME IPO Issue Type: | Fixed Price Issue |
| SME IPO Issue Size: | ₹22.49 Cr |
| Fresh Issue: | ₹22.49 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 96.22% |
| Promoter Holding Post IPO: | 68.24% |
| Allotment Status: | Allotment Status |
| NSE Code: | KTL |
Get important updates regarding Kalahridhaan Trendz SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 21st Feb 2024 |
| Refunds Initiation* | 22nd Feb 2024 |
| Credit of Shares to Demat* | 22nd Feb 2024 |
| SME IPO Listing Date* | 23rd Feb 2024 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹45.00 |
| Market Lot: | 3000 Shares |
| 1 Lot Amount: | ₹135000 |
| Min HNI Lots: | 6000 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 23-02-2024 | 45.00 | 3 | 6800 | ₹48 (6.67%) | 23-Feb-2024 9:26 |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Kalahridhaan Trendz Limited was founded in May 2016. The company is primarily engaged in manufacturing and trading of embroidered fabrics, trading of grey fabrics, sourcing of grey fabrics and printing and dyeing of suiting, shirting and dress fabrics for sale in the market.
In the embroidery segment, the company carries out embroidery work both for its own business and for other customers. It also commissions embroidery work. The company is also active in the purchase and sale of raw materials and fabrics for suits, shirts and dresses. It has two embroidery machines with a capacity of 15,000 metres per day.
As part of the expansion of business activities, the textile dyeing and printing plant was also taken over on a rental basis in February 2018, where suit, shirt and dress fabrics are dyed and printed for the company's own use and also for contract work.
| Incorporation | Sector | IPO Issue Size | Website |
| 2016 | Trading - Textile Products | ₹22.49 Cr | http://www.kalahridhaan.com/ |
The company proposes to utilize the Net Proceeds from the issue towards the following objects:
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | NII | RII | Total | |
|---|---|---|---|---|
| # of Shares Offered | 2,625,000 (262500000%) | 2,373,000 (237300000%) | 1 | |
| 1 | 15th Feb 2024 19:32 | 0.78x | 1.47x | 0.00x |
| 2 | 16th Feb 2024 19:32 | 1.00x | 2.51x | 1.76x |
| 3 | 19th Feb 2024 19:32 | 1.82x | 4.46x | 3.14x |
| 4 | 20th Feb 2024 18:22 | 6.66x | 9.63x | 8.15x |
Kalahridhaan Trendz Limited's revenue increased by 0.14% and profit after tax (PAT) rose by 170.52% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| 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 | 246.20 | 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 |
| Amount in ₹ Lakhs | ||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Kalahridhaan Trendz Limited | 5.46 | 29.74 | 8.24 | 36.75 | Standalone | |
| Spl Industries Ltd. | 8.22 | 64.64 | 9.03 | 12.72 | Standalone | |
| Kitex Garments Ltd. | 8.94 | 136.07 | 26.08 | 6.65 | Standalone | |
| Monte Carlo Fashions Ltd | 64.03 | 374.67 | 10.84 | 17.09 | Standalone |
Last Updated on 27-Feb-2024 06:02:44
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Kalahridhaan Trendz SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Kalahridhaan Trendz SME IPO with Zerodha.
Alternate approch to apply in Kalahridhaan Trendz SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Kalahridhaan Trendz SME IPO Review and Important Updates
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To subscribe or apply in Kalahridhaan Trendz SME IPO, you can use the following methods:
| Kalahridhaan Trendz SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Kalahridhaan Trendz SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Kalahridhaan Trendz SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Kalahridhaan Trendz SME IPO. Most of the Syndicate Banks provide access to apply in Kalahridhaan Trendz IPO via ASBA process. You must have your net banking access, DP ID information to apply in Kalahridhaan Trendz SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Kalahridhaan Trendz SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Kalahridhaan Trendz SME IPO Review and Important Updates
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Kalahridhaan Trendz SME IPO is going to be list on 23-02-2024. NSE Code for Kalahridhaan Trendz is KTL.
Other relevant questions:
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Kalahridhaan Trendz SME IPO Allotment Date is 21-02-2024.
Other relevant questions:
Kalahridhaan Trendz SME IPO share allotment date?Kalahridhaan Trendz SME IPO allotment date?
