IPO Details
Bidding Dates
15 Feb '24 - 20 Feb '24
Minimum Investment
₹ 135,000 / 1 Lot ( 3000 Shares )
Price Range
₹45 per share
Maximum Investment
₹ 135,000 / 1 Lot ( 3000 Shares )
Retail Discount
Not Applicable
Issue Size
₹22.49 crore
Investor category and sub category
Qualified Institutional Buyers | Retail Individual Investors | Non-institutional Investor |IPO Dates
Important dates with respect to IPO allotment and listing
Opening Date
Feb 15, 2024
Closing Date
Feb 20, 2024
Basis of Allotment
Feb 21, 2024
Initiation of Refunds
Feb 22, 2024
Credit of Shares to Demat
Feb 22, 2024
Listing Date
Feb 23, 2024
Cut-off time for UPI mandate confirmation
Feb 20, 2024
About Kalahridhaan Trendz Ltd
The company is engaged mainly in the business of manufacturing and trading fabric with embroidery works, trading grey cloths, purchasing grey cloth, and printing and dyeing for preparing suiting and dress materials for sale in the B2B market. They prepare suiting, shirting and dress material products focusing on the wholesale market. They are the first-stage wholesalers who directly supply the material to other wholesalers. In the case of the embroidery segment, the company produces for itself and on behalf of the other clients.
They have two embroidery knitting machines with a capacity of 15,000 meters per day. As a part of an expansion of business activities via forward integration, they have also taken over the textile dying and printing business unit on a rent basis since February 2018, whereby they are carrying out the dying and printing of suiting, shirting and dress materials for our own use as well as on job work too.
The Indian textile and apparel industry is expected to grow at a 10% CAGR from FY 2019-20 to reach $190 billion by FY 2025-26. Therefore, consider investing in an organised company in such a growing industry.
Kalahridhaan Trendz Ltd IPO Details
Kalahridhaan Trendz Ltd IPO Dates
The dates for bidding for the Kalahridhaan Trendz IPO are February 15, 2024, to February 20, 2024.
Kalahridhaan Trendz Ltd IPO Price Band
Kalahridhaan Trendz is a fixed price IPO. The exact price range is ₹45 per share.
Kalahridhaan Trendz Ltd IPO Lot Size
The Kalahridhaan Trendz Ltd IPO lot size is 3,000 shares per lot.
Kalahridhaan Trendz Ltd IPO Objectives
The net proceeds from the issue are proposed to be utilised towards the following objectives:
- Working capital requirement
- General corporate purpose
- Meeting public issue expenses
Peer Details
The following are the listed peer companies of Kalahridhaan Trendz in India:
- SPL Industries Limited
- Kitex Garments Limited
- Monte Carlo Fashion Limited
How To Check the Allotment Status of the Kalahridhaan Trendz Ltd IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Contact Details of Kalahridhaan Trendz Ltd
Registered office: 57 Ashra Industrial Estate, B/H Mahalaxmi Fabrics, Nr. Narol Cross Road, Ahmedabad 382405, Gujarat, India
Phone: +91 6353302166
E-mail: cs@kalahridhaan.com
IPO Financials
| Particulars | Year Ending on March 31, 2023 | Year Ending on March 31, 2022 | Year ending on March 31, 2021 |
|---|---|---|---|
| Total Revenue | 18,417.01 | 18,390.46 | 13,235.91 |
| Net Profit | 666.01 | 246.20 | 110.54 |
| Return on Capital Employed | 17.39 | 10.35 | 10.16 |
| Debt-Equity Ratio | 3.19 | 2.60 | 1.32 |
Know before investing
Strengths
3-
Kalahridhaan Trendz has started processing house operations, wherein they are carrying out the dying and printing of suiting, shirting, and dress materials. Thus, they are expanding the business and customers also.
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The company’s promoter has a vast experience of over 35 years of sound market knowledge, having been involved in the trading and embroidery of clothing.
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The manufacturing units are located on the outskirts of Ahmedabad City and thus enjoy good connectivity, making the movements of the raw material and finished products very easy and comfortable.
Risks
3-
Their revenue from the top ten customers in the FY 2022-23, FY 2021-22 and FY 2020-21 was 66.28%, 60.68% and 45.07% of the total turnover. The loss of any customer or a decrease in the volume of orders may severely affect their revenues and profitability.
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The input purchases from the top ten suppliers in the FY 2022-23, FY 2021-2022 and FY 2020-21 were 64.44%, 66.17% and 75.17% of the total material purchase. The loss of any supplier due to any reason can result in the disruption of the supply chain.
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Their business depends on their ability to manage their manufacturing facility at Narol, Ahmedabad. Any disruption in the operations of that unit may severely disrupt their overall operations.
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Kalahridhaan Trendz Ltd IPO FAQs
Kalahridhaan Trendz IPO is a fixed price IPO. The dates for the IPO are February 15, 2024, to February 20, 2024.
The basis of allotment will be finalised on Wednesday, February 21, 2024. The credit of shares to the demat accounts will take place on Thursday, February 22, 2024.
The IPO subscription window is from February 15, 2024, to February 20, 2024.
The lot size for the IPO will be 3,000 shares per lot.
Kalahridhaan Trendz Ltd will be listed on the NSE Emerge on Friday, February 23, 2024.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange. The date of listing is Friday, February 23, 2024.
Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
