Dive into the details of Kalahridhaan Trendz IPO, a game-changer in textiles. Explore key dates, pricing, and the company’s journey, promising innovation and quality in the B2B textile market.
Kalahridhaan Trendz IPO: Revolutionizing Textiles
In the dynamic landscape of India’s textile industry, Kalahridhaan Trendz Limited emerges as a force to be reckoned with. Let’s unravel the details of this groundbreaking IPO that promises growth, dynamism, and a legacy spanning over three decades.
Key IPO Details
Issue Overview
Kalahridhaan Trendz IPO presents a fixed price issue of Rs 22.49 crores, offering 4,998,000 shares as an entirely fresh issue.
Subscription Period
Mark your calendars! The subscription window opens on February 15, 2024, and concludes on February 20, 2024.
Allotment and Listing
Anticipate the allotment results on February 21, 2024, with a tentative listing date set for February 23, 2024, on NSE SME.
Pricing and Lot Size
Seize the opportunity at Rs 45 per share, with a minimum lot size of 3000 shares. Retail investors can enter the game with a minimum investment of ₹135,000.
Company Snapshot
Also read: Thaai Casting IPO: Unveiling Growth Opportunities in High-Pressure Die Casting
About Kalahridhaan Trendz Limited
Founded in 2016, Kalahridhaan Trendz is a textile powerhouse specializing in dyeing and processing textiles. With manufacturing facilities in Ahmedabad, Gujarat, the company boasts a daily production capacity of 1.00 lakh meters.
Business Segments
- Embroidery and Knitting: Focused on producing 15,000 meters per day, combining in-house and outsourced work.
- Dyeing and Printing: A strategic move in 2018 for forward integration, enriching its product offerings.
Financial Performance
Witnessing remarkable growth, the company’s revenue increased by 0.14%, and profit after tax surged by 170.52% between March 31, 2022, and March 31, 2023.
Kalahridhaan Trendz IPO Timeline
- Open Date: February 15, 2024
- Close Date: February 20, 2024
- Allotment: February 21, 2024
- Listing Date: February 23, 2024
Leadership and Management
Promoters
The driving forces behind Kalahridhaan Trendz are Niranjan Agarwal, Aditya Agarwal, and Sunitadevi Agarwal. With a collective experience exceeding 40 years in the textile industry, they bring strategic vision and operational expertise to the table.
Objectives of the Issue
- Working Capital Requirement
- General Corporate Purpose
- Meeting Public Issue Expenses
In conclusion, Kalahridhaan Trendz IPO is not just an investment opportunity; it’s a journey into the heart of a company dedicated to redefining the textile landscape in India. Stay tuned for the textile revolution!
Note: All figures and dates are based on available information as of the last update in January 2023.
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