Kalahridhaan Trendz IPO

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 nameKalahridhaan Trendz Limited
Company Websitehttps://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 date15 February 2024
IPO Closing20 February 2024
Basis of Allotment21 February 2024
Initiation Refund22 February 2024
Credit to Demat Account22 February 2024
Listing Date23 February 2024
(Cut-off time for UPI mandate confirmation – 5 PM on February 20, 2024)

Kalahridhaan Trendz IPO details

Issue typeFixed Price Issue IPO
IPO issue size₹22.49 Cr – 4,998,000 shares
Fresh Issue₹22.49 Cr – 4,998,000 shares
Offer for saleNil
Face value₹10 per share
Offer Price₹45 per share
Lot size3000 Shares
Market Maker portion252,000 shares
Shareholding pre-issue12,189,000
Shareholding post-issue17,187,000
Listing ExchangeNSE SME

Kalahridhaan Trendz IPO Lot Size

Retail (Min)13000₹135,000
Retail (Max)13000₹135,000
HNI (Min)26,000₹270,000

Kalahridhaan Trendz IPO Reservation Details

Retail Shares Offered50%
Other Shares Offered50%

Kalahridhaan Trendz Financial Performance

 FY 2021FY 2022FY 2023H1 FY 2024
Net income1.112.466.664.79
(Amount in ₹ Crores)

Kalahridhaan Trendz Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio5.81
RONW (%)12.2821.4836.75
ROCE (%)10.1610.3517.39
EBITDA (%)3.113.607.48

Company Promoters

  • Niranjan Agarwal
  • Aditya Agarwal
  • Sunitadevi Agarwal

Promoter Holding

Pre Issue Share Holding96.22%
Post Issue Share Holding68.24%

Kalahridhaan Trendz IPO Lead Manager(s)

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

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

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

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