IPO Details
Bidding Dates
15 Feb 24 - 20 Feb 24
Price Range ₹
45 - 0
Total Equity
₹ 22.49Cr
Lot Size
3000
Exchange Status
NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
0.00×
Qualified Institutional Buyers
0.00×
Employees
0.00×
Retail Investors
0.00×
Total subscription Rate
0.00×
IPO Timeline
Offer start
15 Feb 2024
Offer end
20 Feb 2024
Allotment
21 Feb 2024
Refund initiation
22 Feb 2024
Demat transfer
22 Feb 2024
Listing
23 Feb 2024
Offer start
15 Feb 2024
Offer end
20 Feb 2024
Allotment
21 Feb 2024
Refund initiation
22 Feb 2024
Demat transfer
22 Feb 2024
Listing
23 Feb 2024
About Company
Kalahridhaan Trendz Ltd. (KTL) primarily operates in the manufacturing and trading of fabric with embroidery works, along with the trading of grey cloths. They engage in the purchase of grey cloth, printing, and dyeing for the production of suiting, shirting, and dress materials, which are exclusively targeted at the B2B market. KTL focuses on wholesale distribution, serving as first-stage wholesalers who directly supply materials to other wholesalers. In the Embroidery Segment, the company performs embroidery work for its own business and on behalf of clients, with additional outsourcing of embroidery work. Furthermore, KTL engages in the purchase and sale of grey cloths, as well as suiting, shirting, and dress materials.
Year Founded
27-05-2016
Promotor Details
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 96.22 | 68.24 |
| Share Capital | 11728061 | 11728061 |
Offer to Public
49,98,000.00 Cr
Project Details
- Working Capital Requirement - 160.7cr
- General corporate purposes - 53.5cr
Objectives
- Working capital requirement.General Corporate Purpose.Meeting Public Issue Expenses.
Highlights
- Engaged in both manufacturing and trading of fabric with embroidery works, as well as trading of grey cloths, allowing for multiple revenue streams and market opportunities.
- Exclusive targeting of the business-to-business (B2B) market ensures a focused approach to clientele and potentially higher volume sales.
- Serving as first-stage wholesalers enables direct supply to other wholesalers, facilitating efficient distribution and potentially favorable business relationships.
- Offers embroidery services for its own products and on behalf of clients, providing flexibility and additional revenue streams.
- Equipped with a manufacturing facility in Ahmedabad, Gujarat, with a substantial production capacity of 1.00 lakh meters per day, ensuring efficient production and scalability.
Challenges
- Operating in the textiles industry, which is highly competitive, may pose challenges in terms of market differentiation and maintaining profitability.
- Revenue generation heavily reliant on market demand for fabric and embroidery services, making the company vulnerable to fluctuations in consumer preferences and economic conditions.
- Limited workforce of 12 permanent employees as of December 31, 2023, may pose challenges in meeting production demands and expansion goals.
- Inherent risks associated with manufacturing and trading activities, such as supply chain disruptions, quality control issues, and regulatory compliance, may impact business operations and financial performance.
- Reliance on a single manufacturing facility located in Ahmedabad, Gujarat, may expose the company to risks associated with regional factors such as labor availability, infrastructure, and regulatory changes.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2023 | 10,962.55 | 609.45 | 246.20 | 246.20 | 2.0199 |
| 2021 | 5,975.70 | 609.45 | 110.54 | 110.54 | 0.9069 |
| 2022 | 10,293.97 | 609.45 | 246.20 | 246.20 | 2.0199 |
