Kalahridhaan Trendz IPO: A New Investment Opportunity ππ°
π The much-awaited IPO of Kalahridhaan Trendz Limited opened on February 15th, offering investors a chance to invest until February 20th. The company aims to raise βΉ22.49 crore through this NSE SME IPO.
π΅ The price band for Kalahridhaan Trendz Limited’s IPO has been set at βΉ45 per share, with 49.98 lakh new shares to be issued. There will be no offer for sale (OFS) under this IPO.
π The lot size for the IPO is set at 3,000 shares, requiring retail investors to invest a minimum of βΉ135,000. The company plans to utilize the funds raised for capital requirements and general corporate purposes.
π’ Kalahridhaan Trendz, established in 2016, is a textile company engaged in the production and trading of fabrics, dyeing, printing, and more. The company has two divisions: weaving & knitting and fabric dyeing & printing.
π The company’s manufacturing facility is located in Ahmedabad, Gujarat, with a production capacity of 1 lakh meters per day. Kalahridhaan Trendz has seen a 0.14% increase in revenue and a 170.52% increase in profit after tax in the financial years ending in March 2023 and March 2022.
π After successful subscription, shares will be allotted on February 21st, and the company’s shares will be listed on the NSE SME on February 23rd. Interactive Financial Services Limited is the book running lead manager for the IPO, while Bigshare Services Private Limited is the registrar.
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