IPO Issue Details
Issue Price / Price Band₹39 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size3,000 Shares per Lot
Total Issue Size30,48,000 shares (aggregating up to ₹11.89 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenFri, 25 Mar 2022
Subscription CloseTue, 29 Mar 2022
Anchor AllotmentThu, 24 Mar 2022
Basis of AllotmentFri, 01 Apr 2022
Initiation of RefundsMon, 04 Apr 2022
Credit of Shares to DematTue, 05 Apr 2022
Listing DateWed, 06 Apr 2022
UPI Mandate Deadline2022-03-29
Application & Investment Details
Retail — Min (1 Lots)₹1,17,000 — 3,000 shares
Retail — Max (13 Lots)₹1,521,000 (13 Lots)
HNI — Min (2 Lots)₹2,34,000 — 6,000 shares
P/E Ratio (Pre-IPO)18x
Net Offer to Public28,92,000 shares (aggregating up to ₹11.28 Cr)
Reserved for Market Maker1,56,000 shares (aggregating up to ₹0.6084 Cr)
Pre-IPO Promoter Holding84,00,000 shares
Post-IPO Promoter Holding1,14,48,000 shares
About Krishna Defence & Allied Industries Ltd.
Krishna Defence and Allied Industries Limited develops, manufactures, and designs Defence Application Products, Kitchen and Dairy Equipment Products. The company was incorporated in 1996 and has two manufacturing plants located in Gujarat, Kalol and Halol district near Vadodara.The company manufactures and offers a wide range of products including Ballast Bricks, Improvised Explosive Device Containment Vessels, Automatic Tyre Killer, Crowd Control Barriers, Bulk milk cooler with thermal storage system, Cow Grooming Brush, Daal Cooker, Rice Storage Chute, Stainless Steel Milk Cans, Milk Cooling Tanks or Bulk Milk Coolers, Solar Powered Milk Cooling Tanks, I-Data (Automated Data Monitoring System for Milk Tanks), Heat Recovery Unit, Auto-CIP system Containerized Milk Procurement Unit, Milking Machine, Bulk Cooking Equipment like Rice Cauldron, Ship Building Steel section, Weld Consumables, etc.Krishna Defence and Allied Industries started a new vertical in 2020 which manufactures and markets Homeland & Security products like Modular Vehicle Barrier, Automatic Tyre Killer, Multi-purpose Launcher, and Long-Range LED Searchlight to be used by the Indian Armed Forces, Forest Department, Police Department, etc.Competitive Strengths:We offer a diversified range of products.Precision engineering expertise with complex product manufacturing capability.Strong R&D capabilities with a focus on innovation.Long-Standing Relationship with our customers.Experienced Qualified Management and Employee base.
Objects of the Issue
Krishna Defence & Allied Industries Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 To meet Working Capital requirements
9.00
2
2 General Corporate Purpose
1.71
Shareholding & Lock-in
Pre-IPO Promoter Holding
84,00,000 shares
Post-IPO Promoter Holding
1,14,48,000 shares