Kalahridhaan Trendz IPO | Test Value Band And Different Particulars
This transfer is anticipated to considerably bolster the corporate’s working capital, deal with common company functions, and canopy the bills associated to the general public concern.
New Delhi: Kalahridhaan Trendz Restricted is all set to launch its Preliminary Public Providing (IPO) on February 15. The IPO will stay open for subscription until February 20, 2024. Priced at Rs 45 per share with lots measurement of 3000 shares, the IPO goals to lift Rs 22.49 crore via the difficulty of 4,998,000 shares.
This transfer is anticipated to considerably bolster the corporate’s working capital, deal with common company functions, and canopy the bills associated to the general public concern.
Based in 2016, Kalahridhaan Trendz focuses on the manufacturing and buying and selling of materials with embroidery, alongside buying and selling and dyeing of suiting, shirting, and gown supplies completely within the B2B market. Working with two divisions, Embroidery and Knitting, and Material Dyeing and Printing, the corporate boasts a strategic manufacturing facility in Ahmedabad, Gujarat, with a strong manufacturing capability of 1.00 lakh meters per day.
Monetary Efficiency and Progress Prospects
The corporate’s monetary efficiency has proven spectacular progress, with income seeing a marginal enhance and Revenue After Tax (PAT) hovering by 170.52 per cent between the monetary years ending March 31, 2023, and March 31, 2022. With belongings constantly rising and a considerable enhancement in internet value, Kalahridhaan Trendz presents a robust case for monetary stability and progress potential. Moreover, the corporate’s employment of 277 people, together with 265 contract labor, as of December 31, 2023, underscores its dedication to scaling operations and fostering employment.
IPO Particulars and Funding Insights
The IPO is listed at NSE SME, with 252,000 shares reserved for the market maker, guaranteeing liquidity post-listing. The pre and post-issue shareholding figures reveal a rise in fairness base, from 12,189,000 shares to 17,187,000 shares, reflecting the corporate’s growth technique.
