๐๐ป๐ฒ๐ผ๐ฑ๐ฌ๐ช ๐ข๐ฝ๐ป๐ช๐น๐น๐ฒ๐ท๐ฐ ๐ข๐ธ๐ต๐พ๐ฝ๐ฒ๐ธ๐ท๐ผ ๐๐ฝ๐ญ
โถ๏ธincorporated in 2017,
Engaged in making and selling strapping steel,steel seals,strapping tools & other allied packaging solutions
โถ๏ธIt provides high quality strapping solutions at competitive prices & customisation
โถ๏ธincorporated in 2017,
Engaged in making and selling strapping steel,steel seals,strapping tools & other allied packaging solutions
โถ๏ธIt provides high quality strapping solutions at competitive prices & customisation
โถ๏ธ It has an integrated manufacturing facility in Chennai under leadership of
Mr. Lenin Krishnamoorthy
specialising in the production of high tensile steel straps with
an annual capacity of 18,000 MT and steel seals of 65 million
โถ๏ธteam of 50 members
Mr. Lenin Krishnamoorthy
specialising in the production of high tensile steel straps with
an annual capacity of 18,000 MT and steel seals of 65 million
โถ๏ธteam of 50 members
โถ๏ธThe strategic location of companyโs factory in Chennai, ๐จ๐ง๐ ๐จ๐ ๐ญ๐ก๐ ๐ฅ๐๐ซ๐ ๐๐ฌ๐ญ ๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐ก๐ฎ๐๐ฌ ๐ข๐ง ๐๐ง๐๐ข๐
With easy access to raw materials from both local & overseas sources enabling the company to procure raw materials at competitive prices
With easy access to raw materials from both local & overseas sources enabling the company to procure raw materials at competitive prices
โถ๏ธMr. Terli Venkata Shivaji is Wholetime Director of the Co.He has knowledge and experience in the Steel strapping
โถ๏ธMrs. Navaneethakrishnan Saraladevi aged 32 years, is Whole Time Director cum CFO of the Company
She has over 5 years of experience in Sales and Finance.
โถ๏ธMrs. Navaneethakrishnan Saraladevi aged 32 years, is Whole Time Director cum CFO of the Company
She has over 5 years of experience in Sales and Finance.
๐๐๐ซ๐ค๐๐ญ ๐ฌ๐ข๐ณ๐ ๐จ๐ ๐๐ญ๐ซ๐๐ฉ๐ฉ๐ข๐ง๐ ๐๐ญ๐๐๐ฅ
โถ๏ธ India has been the world's 2nd largest producer of crude steel, with an output of 10.14 MT, as of April 2022.
In FY22, the production of crude steel and finished steel stood at 133.596 MT and 120.01 MT
โถ๏ธ India has been the world's 2nd largest producer of crude steel, with an output of 10.14 MT, as of April 2022.
In FY22, the production of crude steel and finished steel stood at 133.596 MT and 120.01 MT
โถ๏ธ Krishca Strapping currently holds a market share of approximately 7.5% in the steel straps industry.The overall market size is projected to grow by 5-10% over the next 15yrs
โถ๏ธthe market leader,
SIGNODE INDIA, holds a significant Mkt Share of 50% & Revenue 1700cr profit 200Cr
โถ๏ธthe market leader,
SIGNODE INDIA, holds a significant Mkt Share of 50% & Revenue 1700cr profit 200Cr
โถ๏ธThe growth in the Indian steel sector has been driven by the domestic availability of raw materials such as iron ore and cost-effective labour. Consequently, the steel sector has been a major contributor to India's manufacturing output
โถ๏ธFor the period ending February 2023,
the company has clocked REVENUES of Rs 63 cr
NET PROFIT of Rs 7.85cr
During FY22,
REVENUES were at 18 cr
NET PROFIT 1.5cr
YOY
REVENUE Growth 250%
NET PROFIT growth 456%
(As per numbers reported in DRHP)
the company has clocked REVENUES of Rs 63 cr
NET PROFIT of Rs 7.85cr
During FY22,
REVENUES were at 18 cr
NET PROFIT 1.5cr
YOY
REVENUE Growth 250%
NET PROFIT growth 456%
(As per numbers reported in DRHP)
โถ๏ธThe company's debt-to-equity ratio (D/E) post IPO is expected to be 0.47x, which is below 1 & considered favorable.
This indicates a manageable level of debt for the company
This indicates a manageable level of debt for the company
โถ๏ธThe company's Trade-receivables amount to around 10 crores, with a receivables days figure of approximately 58, which indicates a decent collection period.
Objects of the issue
โถ๏ธThe company plans to use the net proceeds for
**CAPITAL EXPENDITURE to set up a new strapping line,
** Repayment of certain debt and other general corporate purposes
โถ๏ธThe company plans to use the net proceeds for
**CAPITAL EXPENDITURE to set up a new strapping line,
** Repayment of certain debt and other general corporate purposes
Lot size 2000 shares
Risk factors
โถ๏ธThe company does business on a purchase order basis and does not enter into long term contracts with most of them
โถ๏ธThe steel industry is highly cyclical & volatility in steel prices may have an adverse effect on the companys earnings
โถ๏ธhas Negative Net cashflows
โถ๏ธThe company does business on a purchase order basis and does not enter into long term contracts with most of them
โถ๏ธThe steel industry is highly cyclical & volatility in steel prices may have an adverse effect on the companys earnings
โถ๏ธhas Negative Net cashflows
โถ๏ธThere are challenges posed by a competitive market and the company's relatively short operational history.
Sharing the business I studied
Above data all extracted from DRHP
Kindly do ur due diligence before buying this Sme stock
Disc- I have not applied for this Ipo. Neither do plan to invest
Above data all extracted from DRHP
Kindly do ur due diligence before buying this Sme stock
Disc- I have not applied for this Ipo. Neither do plan to invest
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