Kalahridhaan Trendz IPO will open for subscription from 15 February 2024. The company aims for an issue size of ₹22.49 Cr through this IPO.
Company Overview
| Full name | Kalahridhaan Trendz Limited |
| Sector | Textile |
| Industry | Textile |
| Company Website | https://www.kalahridhaan.com/ |
About Company
Kalahridhaan Trendz primarily focuses on manufacturing and trading fabric with embroidery works, as well as trading grey cloth and purchasing grey cloth for printing and dyeing. Their products include suiting, shirting, and dress materials aimed at the wholesale market, specifically catering to B2B customers. The company’s main business activities can be primarily divided into two segments:
- Embroidery Knitting activities
- Cloth dying and Printing activities
In addition, Kalahridhaan Trendz outsources embroidery work. The company is also involved in purchasing and selling grey clothes, suits, shirting, and dress materials. It possesses two embroidery knitting machines with a capacity of 15,000 meters per day.
Currently, all the products are free of formaldehyde (FB). The company achieves this by sourcing dyes, chemicals, and auxiliaries from international standards and manufacturers such as Huntsman, Kroda, Colortex, Jay Chemicals, Atul, Dystar, Jaysynth, Tata Chemicals, GACL, Rudolf, Clariant, and many others. As of 31 December 2023, Kalahridhaan Trendz has a total of 12 permanent employees across various departments.
The Objectives of the Issue
- Working capital requirement
- General Corporate Purpose, and
- Meeting Public Issue Expenses.
Kalahridhaan Trendz IPO Timetable
| IPO Opening date | 15 February 2024 |
| IPO Closing | 20 February 2024 |
| Basis of Allotment | 21 February 2024 |
| Initiation Refund | 22 February 2024 |
| Credit to Demat Account | 22 February 2024 |
| Listing Date | 23 February 2024 |
Kalahridhaan Trendz IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹22.49 Cr – 4,998,000 shares |
| Fresh Issue | ₹22.49 Cr – 4,998,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Offer Price | ₹45 per share |
| Lot size | 3000 Shares |
| Market Maker portion | 252,000 shares |
| Shareholding pre-issue | 12,189,000 |
| Shareholding post-issue | 17,187,000 |
| Listing Exchange | NSE SME |
Kalahridhaan Trendz IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹135,000 |
| Retail (Max) | 1 | 3000 | ₹135,000 |
| HNI (Min) | 2 | 6,000 | ₹270,000 |
Kalahridhaan Trendz IPO Reservation Details
| Retail Shares Offered | 50% |
| Other Shares Offered | 50% |
Kalahridhaan Trendz Financial Performance
| FY 2021 | FY 2022 | FY 2023 | H1 FY 2024 | |
| Revenue | 132.36 | 183.90 | 184.17 | 84.27 |
| Expenses | 130.83 | 180.61 | 175.27 | 77.99 |
| Net income | 1.11 | 2.46 | 6.66 | 4.79 |
Kalahridhaan Trendz Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 1.29 | 2.51 | 7.74 |
| PE ratio | – | – | 5.81 |
| RONW (%) | 12.28 | 21.48 | 36.75 |
| NAV | 14.77 | 18.81 | 29.74 |
| ROCE (%) | 10.16 | 10.35 | 17.39 |
| EBITDA (%) | 3.11 | 3.60 | 7.48 |
| Debt/Equity | 1.32 | 2.60 | 3.19 |
Company Promoters
- Niranjan Agarwal
- Aditya Agarwal
- Sunitadevi Agarwal
Promoter Holding
| Pre Issue Share Holding | 96.22% |
| Post Issue Share Holding | 68.24% |
Kalahridhaan Trendz IPO Lead Manager(s)
INTERACTIVE FINANCIAL SERVICES LIMITED
612, 6th Floor, Shree Balaji Heights, Kokilaben Vyas Marg,
Ellisbridge, Ahmedabad – 380 009, Gujarat, India
Phone: +91-9898055647
Email: mbd@ifinservices.in
Website: www.ifinservices.in
Kalahridhaan Trendz Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Contact Details
KALAHRIDHAAN TRENDZ LIMITED
57 Ashra Industrial Estate, B/H Mahalaxmi Fabrics,
Nr. Narol Cross Road, Ahmedabad 382405, Gujarat, India
Phone: +91 6353302166
E-mail: cs@kalahridhaan.com
Website: www.kalahridhaan.com
Kalahridhaan Trendz IPO Allotment Status
Kalahridhaan Trendz IPO allotment status will be available on Bigshare Services’ website. Click on this link to get allotment status.
Final thoughts
Kalahridhaan Trendz IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
