Krishna Defence IPO Details: Krishna Defence and Allied Industries’ first public offering (IPO) of Rs. 30,48,000 shares is open for subscription from March 25 to March 29, 2022. The price of the initial public offering (IPO) and the lot size have yet to be announced. Keep up with us to learn more about the Krishna Defence SME IPO, including the issue size, minimum order amount, company overview, financials, live subscription, grey market premium (GMP), allotment status, and more.
Krishna Defence IPO Details
|Opening Date||Mar 25, 2022|
|Close Date||Mar 29, 2022|
|Price Band||Rs. 37 to Rs. 39 per equity share|
|Lot Size||3000 Shares|
|Issue Size (Rs. Cr.)||3,048,000 Eq Shares of Rs. 10 (aggregating up Rs. 11.89 Cr.)|
|Face Value||Rs. 10 per equity share|
|Issue Type||Book Built Issue IPO|
|Exchange Board||NSE, SME|
|Fresh Issue||3,048,000 Eq Shares of Rs. 10 (aggregating up to Rs. 11.89 Cr.)|
|QIB Shares Offered||50%|
|Retail Shares Offered||35%|
|NII (HNI) Shares Offered||15%|
Krishna Defence IPO Date
The IPO date for Krishna Defence has been set. The Krishna Defence IPO will take place on March 25, 2022, and will conclude on March 29, 2022.
Krishna Defence IPO Price
The IPO Price for Krishna Defence has been set. Krishna Defence IPO Price is Rs. 37 to Rs. 39 per equity share. Krishna Defence IPO will take place on last week of March 2022.
Krishna Defence IPO Lot Size
The lot size of Krishna Defence IPO is 3000 Shares. This is the minimum order quantity for this IPO. An individual retail investor can apply for up to one lot 3000 shares or Rs. 117,000.
Krishna Defence IPO Allotment Date and Listing Date
The IPO for Krishna Defence will begin on 25 March 2022, and end on 29 March 2022. The Krishna Defence IPO Allotment Date is (To be announced) 2022. This IPO will take (To be announced) days to list. The IPO Listing Date of Krishna Defence IPO is (To be announced) 2022.
About Krishna Defence IPO
Defence applications, dairy equipment, and kitchen equipment are all manufactured by Krishna Defence and Allied Industries Ltd. It offers a variety of high-performance items for military purposes, including shipbuilding steel bulb bar, special steel alloy brics, super alloys weld consumables, flux and electrodes, food containers, and space heating devices. It produces stainless steel Milk Cans, Milk Cooling Tanks, Bulk Milk Coolers, Milking Machines, Cow Brooming Brushes, and Robotic Milk Collection Units in the dairy segment, and bulk cooking equipment such as rice cauldrons, dal cauldrons, braising pans, rice chutes, dal storage tanks, distribution vessels, and so on in the kitchen segment.
It also holds a licence from the Defence Research and Development Organization (DRDO) to manufacture and deliver specialised defence application goods to the Indian Armed Forces. It makes defence items such as Plastic Food Containers, Space Heating Devices, and Man-Mounted Cooling Systems, among others. It has entered the industry of producing and marketing Homeland & Security Products in the year 2020.
The majority of the company’s revenue comes from the government sector, which includes both the federal and state governments, as well as related companies. Kalol and Halol are the locations of the company’s manufacturing facilities in Gujarat.
Promoters of Krishna Defence IPO
Promoters of Krishna Defence IPO are Mr. Ankur Ashwin Shah is the company promoter.