IPO Synopsis
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Kranti Industries Ltd
Registered Office:
Gat No. 267/B/1 Post Pirangut,Taluk Mulshi,
Pune - 412115,
Maharashtra, India.
Initial public offering of 23,19,000 equity shares of face value of (Rs) 10 each, at an offer price of (Rs)37 per equity share for cash, aggregating (Rs)8.58 Crores ("public offer") comprising of a fresh issue of up to 17,52,000 equity shares aggregating up to (Rs) 6.48 Crores ("fresh issue") and an offer for sale of up to 5,67,000 equity shares by Mrs. Basanti Vora (the "promoter group selling shareholder") aggregating up to (Rs) 2.10 Crores ("offer for sale") out of which up to 1,17,000 equity shares of face value of (Rs) 10 each, at an offer price of (Rs) 37 per equity share for cash, aggregating up to (Rs) 0.43 Crores will be reserved for subscription by the market maker to the offer (the "marke Maker reservation portion"). The offer less market maker reservation portion i.e. Offer of upto 22,02,000 equity shares of face value of (Rs) 10 each, at an offer price of (Rs) 37 per equity share for cash, aggregating up to (Rs) 8.15 Crores is hereinafter referred to as the "net offer". The public offer and net offer will constitute 26.35 % and 25.02 % respectively of the post- offer paid-up equity share capital of the company. The face value of the equity shares is (Rs) 10 each and the offer price 37 is 3.7 times the face value of the equity shares.
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
14-Feb-19
20-Feb-19
37.00-0.00
0.00-0.00
Minimum Application for shares in Nos : 3000   Further Multiples of : 3000
 
(Rs.Cr)
Lead Managers to the Issue
Project Cost
6.48
Fast Track Finsec Pvt Ltd
Project Financed through Current Offer
8.58
 
Post Issue Equity Share Capital
8.80
 
Issue Price
37.00
 
Projects
To Meet the Working Capital Requirement
General Corporate Purposes
Promoted By
Sachin Subhash Vora
Sumit Subhash Vora
Indubala Subhash Vora
Listing At
BSE - SME
Registrar to the Issue
Link Intime India Pvt Ltd
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