Kranti Industries is incorporated 1995 based in Maharashtra. The company is a manufacturer and supplier of precision machined components. The company become one of India’s biggest critical Automotive Component and Non-Automotive (off Highway) component suppliers. The company has client list includes Oerlikon, New Holland Fiat Group, John Deere, Carraro, Bharat Gears, Endurance Technologies, Mahindra and many others have been associated with Kranti Industries over a long period of time. They make critical machinery for automotive commercial vehicles, agricultural machinery, construction machinery, and several other complex gears required in building big machines. Kranti Industries make customized products for passenger cars, electric cars, two wheelers, tractors, construction machinery, railways, light vehicles, off-highway, heavy trucks etc. Kranti Industries ipo is starting from 14-Feb and ends on 20-Feb. The price band is around Rs.37 with 3000 market lot. The ipo size is around Rs.8.58 crore rupees.
IPO Review:
- Risky
Kranti Industries IPO Dates & Price Band:
- IPO Open: 14-February-2019
- IPO Close: 20-February-2019
- IPO Size: Approx Rs 8.58 Crore
- Face Value: Rs.10 Per Equity Share
- Price Band: Rs.37 Per Equity Share
- Listing on: BSE SME
- Shares: 23,88,000
- Retail Portion: 50%
IPO Market Lot:
- Shares: Apply for 3000 Shares (Minimum Lot Size)
- Amount: Rs.1,11,000
IPO Allotment & Listing:
- Basis of Allotment: 26-February-2019
- Refunds: 27-February-2019
- Credit to demat accounts: 28-February-2019
- Listing: 01-March-2019
Financial Results:
| Rs. in Crore | |||||
| Revenue | Assets | PAT | |||
| 2015 | – | – | – | ||
| 2016 | 28.84 | 28.98 | -0.21 | ||
| 2017 | 29.25 | 30.37 | -0.93 | ||
| 2018 | 46.11 | 45.50 | 0.90 | ||
| 2019 (H1) | 33.22 | 31.19 | 1.37 | ||
Kranti Industries IPO Important Links:
Kranti Industries IPO Allotment Status:
Company Promoters:
- Mr Sachin Subhash Vora
- Mr Sumit Subhash Vora
- Mrs Indubala Subhash Vora
Quick Links:
Draft Red Herring Prospectus
Red Herring Prospectus
IPO Registrar:
Link Intime India Private Limited
C-101, 1st Floor, 247 Park
Lal Bahadur Shastri Marg, Vikhroli (West)
Mumbai – 400 083
Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: [email protected]
Website: http://www.linkintime.co.in
IPO Lead Managers:
- Fast Track Finsec Pvt Ltd
Company Address:
Kranti Industries Limited
Gat No.267/B/1
Post Pirangut, Tal. Mulshi
Pune- 412 115, Maharashtra
Phone: +91 20 6675 5676
Email: [email protected]
Website: www.krantiindustries.com
0 Responses
The price band is also nominal, and the industry is also to invest in as automobile industry is growing continuously from past years and is the second best industry to invest in.
Have not heard about the company more but while seeing there insights and numbers, I can assure the profit will be good
Current year the company has made a lot of expansion and such expansion providng them right in terms of enhancemant of revenue and profit after tax. So calculation of 10 PE is pretty good.
I never heard of this company before but now when I have started going through its website and other information available online, it seems to have great potential. Is there any information about their expansion plans available online?