Kranti Industries IPO: Upcoming IPO of Kranti Industries Ltd in Feb 2019
Kranti Industries IPO Issue 2019: Kranti Industries Limited, A Pune based company engaged in the business of Automotive & Non-Automotive components, is issuing the Initial Public Offering (IPO) from 14-February-2019 to 20-February-2019.
Kranti Industries IPO Issue 2019 Details
|Issue Type||Fixed Price IPO Issue|
|Face Value||Rs 10 per Equity Share|
|Issue Price||Rs 37 per Equity Share|
|Issue Size||2,319,000 equity shares of Rs 8.58 Crores|
|Minimum Order||3000 Shares|
(Read: IPO process in India Steps)
Kranti Industries IPO Issue 2019: Objects of the Issue
According to the Kranti Industries Limited, following are the objects of the IPO Issue:-
- Complying to the working capital requirements of the company.
- To bear the general corporate expenditures, and
- To fulfil the expenditure requirements during the issue.
About Kranti Industries Limited
Kranti Industries Limited is a Pune based company and it was incorporated in the year 1995. This company is engaged in manufacturing and supply of precision machined components. During their history of more than 20 years, they are known for the manufacturing and supply if non-automotive (off highway) components. This company manufactures customized products for Original Equipment Manufacturers (OEMs) for industries such as passenger cars, electric cars, two-wheelers, tractors, railways etc. Their product portfolio comprises the components for construction, automobile, commercial vehicles, windmill, medical industry etc. The company has important clients such as Graziano Transmission India Private Pvt. Ltd., John Deere India Pvt Ltd etc.
Following are the key strengths of the company:-
- Quality Standards and ISO Certified Company.
- Experienced and professional management team.
- Stable client base
- Diversified Products range
- Well established units for manufacturing
- Use of green energy
Product Portfolio of the Company
As on 30th September 2018, the total assets of the company is Rs 5,015.10 Lakhs and the total revenue of the company is Rs 3,321.91 Lakhs.
Promoters: Mr Sachine Subhash Vora, Mr Sumit Subhash Vora, and Mrs Indubala Subhash Vora.
Registered Office of the Company: Gat No.267/B/1, Post Pirangut, Tal. Mulshi, Pune- 412 115, Maharashtra, India.
Telephone: +91-20-6675 5676
Lead Manager to the Kranti Industries IPO Issue 2019
Fast Track Finsec Private Limited
B-502, Statesman House, 148 Barakhamba Road, New Delhi – 110001.
Kranti Industries IPO Issue 2019 Registrar
Click here to see the final prospectus of the Kranti Industries IPO issue.
Disclaimer: This post is just an information about the issue. It does not give any advice or recommendation. Investments into securities are subject to market risk. Please read the offer document carefully before investing. It is also advised to consult your financial advisor of necessary suggestions.
Tags: #IPO #Stock Market #Kranti Industries IPO #investments #Upcoming IPO Issue