Kalahridhaan Trendz IPO consists of a fresh issue of shares worth INR 22.49 crores. The company seeks funds to meet working capital requirements and general corporate purposes.
Kalahridhaan Trendz Limited IPO – Important Details
| Kalahridhaan Limited IPO Date | February 15, 2024 to February 20, 2024 |
| Kalahridhaan Limited IPO Listing Date | February 23, 2024 |
| Kalahridhaan Limited IPO Price | INR 45 per share |
| Kalahridhaan Limited IPO Lot Size | 3000 Shares |
| Kalahridhaan Limited IPO Total Issue Size | INR 22.49 crores |
| Kalahridhaan Limited IPO Basis of Allotment | February 21, 2024 |
| Kalahridhaan Limited IPO Initiation of Refunds | February 22, 2024 |
| Kalahridhaan Limited IPO Credit of Shares to Demat | February 22, 2024 |
| Kalahridhaan Limited IPO Issue Type | Fixed Price Issue |
| Kalahridhaan Limited IPO Listing At | NSE SME |
Kalahridhaan Trendz Ltd IPO- Company Profile
Kalaridhaan Trendz Limited is engaged mainly in the business of manufacturing and Trading Fabric with embroidery works, Trading of grey cloths, purchase of grey cloth, and printing and dyeing for preparing suiting, shirting, and dress materials for sale in the B2B market only. The Company prepares the suiting, shirting & dress material products and focuses on the wholesale market. The Company is a first-stage wholesaler directly supplying the material to the wholesalers.
The Managing Director, Mr. Niranjan Agrawal, and the whole-time Director, Mr. Adity Agrawal, are the promoters of Leawhole-timpani. Mr. Niranjan Agrawal has over three decades of experience in the textile industry.
The business of the Company has two segments-
- Embroidery Knitting activities
- Cloths dying and Printing activities.
Kalahridhaan Trendz Ltd IPO – Fundamental Analysis
Kalahridhaan Trendz Limited’s IPO financials reveal steady revenue, significant profit growth, and strong equity expansion, highlighting its potential as a solid investment in its sector with impressive profitability and operational efficiency indicators.
Revenue Stability:
The company’s revenue has shown stability, slightly increasing from ₹18,390.14 lakhs in 2022 to ₹18,416.85 lakhs in 2023, suggesting a steady market demand for its products or services.
Equity Expansion:
Equity has nearly doubled from ₹899.96 lakhs in 2021 to ₹1,812.23 lakhs in 2023, reflecting strong investor confidence and the company’s ability to reinvest earnings effectively.
Profitability:
Profit after tax has significantly increased, from ₹110.54 lakhs in 2021 to ₹666.01 lakhs in 2023, showcasing the company’s operational efficiency and growing profitability.
Return on Net Worth (RoNW):
The RoNW has shown impressive growth, from 12.28% in 2021 to 36.75% in 2023, indicating the company’s increasing efficiency in generating profits from shareholders’ equity.
Diluted EPS:
The Diluted EPS has substantially increased, indicating enhanced earnings power per share, from ₹1.81 in 2021 to ₹10.93 in 2023.
Asset Growth:
Total assets have almost doubled, indicating significant investment in the company’s operational capacity and potential for future growth.
Liability Management:
Total liabilities have remained relatively stable from 2022 to 2023, suggesting that the company has managed its debt levels effectively while growing its asset base.
Kalahridhaan Trendz Limited IPO Financial Information
| Particular | As of 31 March 2021 | As of 31 March 2022 | As of 31 March 2023 |
| Revenue (₹ in lakhs) | 13,235.91 | 18,390.14 | 18,416.85 |
| Equity (₹ in lakhs) | 899.96 | 1,146.22 | 1,812.23 |
| Expenses (₹ in lakhs) | 13,082.75 | 18,060.51 | 17,527.05 |
| Profit and Loss After Tax (₹ in lakhs) | 110.54 | 246.20 | 666.01 |
| RoNW (%) | 12.28% | 21.48% | 36.75% |
| NAV per Equity Share (₹) | 14.77 | 18.81 | 29.74 |
| Diluted EPS only (₹) | 1.81 | 4.04 | 10.93 |
| Total Assets (in lakhs) | 5,979.36 | 10,297.94 | 10962.55 |
| Total Liabilities (in lakhs) | 507.94 | 9,151.72 | 9,150.32 |
Kalahridhaan Trendz IPO Peer Comparison
Kalahridhaan Trendz Limited showcases a high RoNW of 36.75% and an EPS of ₹10.93, significantly outperforming peers like SPL Industries, Kitex Garments, and Monte Carlo Fashion in profitability efficiency, despite having a lower total income, indicating robust operational effectiveness.
| Company | Total Income (₹ in lakhs) | Face Value per Equity Share (₹) | P/E | EPS (₹) | RoNW (%) | NAV per Equity Share (Basic) (₹) |
| Kalahridhaan Trendz Limited | 18,416.85 | 10 | 4.12 | 10.93 | 36.75% | 29.74 |
| SPL Industries Limited | 29,836.57 | 10 | 9.03 | 8.22 | 12.72% | 64.64 |
| Kitex Garments Limited | 60,007.21 | 1 | 26.08 | 8.94 | 6.65% | 136.07 |
| Monte Carlo Fashion Limited | 1,13,854.00 | 10 | 10.84 | 64.03 | 17.09% | 374.67 |
Kalahridhaan Trendz Limited IPO Objective
The main objective of Kalaridhaan Trendz’s IPO is to meet working capital needs and to meet the general corporate purpose.
- Funding incremental working capital requirements of the Company: Their working capital-intensive business seeks additional funding to support incremental requirements in Fiscal 2024, anticipating increased profitability and attainment of proposed targets outlined in their business plan. The Company plans to utilize INR 16.07 crores for the said purpose.
- General Corporate Purposes: The Company aims to deploy the balance funds towards the general corporate goal, including funding growth, marketing, contingencies, ordinary business needs, and meeting expenses.
Kalahridhaan Trendz Ltd IPO Risks And Challenges
Kalaridhaan Trendz Limited’s risks include heavy dependence on the top 10 customers and suppliers for revenue and purchases. The vulnerability of manufacturing facilities to unplanned slowdowns, shutdowns, or disruptions poses threats to operations and financial health.
- Two-thirds of the Company’s revenue is generated by its top 10 customers, highlighting their significant contribution. Any potential loss of a customer or reduction in order volume poses a substantial risk to revenue and profitability.
- Approximately two-thirds of the Company’s purchases are sourced from its top 10 suppliers. The potential loss of any of these suppliers would disrupt the supply chain, impacting the Company’s operations.
- The Company’s manufacturing facilities are crucial to its operations but are also vulnerable to various risks. These include unplanned slowdowns, unscheduled shutdowns, or prolonged disruptions, which could negatively affect business operations, financial performance, cash flow, and overall financial health.
Kalahridhaan Trendz Limited IPO – Industry & Market Potential
India is the world’s second-largest producer of textiles and garments. It is also the sixth-largest exporter of textiles, spanning apparel, home, and technical products. India has a 4% share of the global trade in textiles and clothing. The textiles and apparel industry contributes 2.3% to the country’s GDP, 13% to industrial production, and 12% to exports. Around 45 million workers are employed in the textiles sector, including 3.5 million handloom workers.
Total textile exports are expected to reach US$ 65 billion by FY26. The Indian textile and apparel industry is predicted to grow at 10% CAGR from 2019 to 20 and earn US$ 190 billion by 2025 to 26. The Indian apparel market stood at US$ 40 billion in 2020 and is expected to reach US$ 135 billion by 2025. The Rs. 10,683 crore (US$ 1.44 billion) PLI scheme is anticipated to boost textile manufacturers significantly. The scheme proposes to incentivize MMF (artificial fiber) apparel, MMF fabrics, and ten segments of technical textiles products.
Kalahridhaan Trendz Limited IPO – Type of Offer
Kalahridhaan Trendz Limited IPO plans a fresh issue of shares, seeking INR 42.20 crores to augment the company’s working capital needs.
The company will issue 49,98,000 new shares to raise capital, aiming to collect INR 22.49 crores. The company intends to utilize the proceeds from the fresh issue to meet working capital needs, repay loans, and general operations.
Kalahridhaan Trendz Ltd IPO Offer Size
The offer size of Kalaridhaan’s IPO is INR 22.49 crores. The funds generated will meet working capital needs, repay loans, and general operations.
Kalahridhaan Trendz Ltd IPO Allotment Structure
Kalaridhaan Trendz IPO’s allotment structure includes a category for Retail Individual Investors (RII) with investments below ₹2 lakhs, a category for other investors exceeding ₹2 lakhs, and a reservation of 2,52,000 shares for Market Makers.
- Retail Individual Investors (RII): These individual investors apply for shares with a total value of less than Rs.2 lakhs.
- Other than retail individual investors: Such applications where the value exceeds INR 2 lakhs.
- Market Maker Reservation: A certain percentage or number of shares is reserved for market makers. The company has set aside 2,52,200 shares for this purpose.
How to apply for Kalahridhaan Trendz Limited IPO ?
To apply for the Atmastco Limited IPO through Alice Blue, you would typically follow these steps:
- Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.
- Check for IPO Details: Once your account is active, you can check for the Atmastco Limited IPO details in the IPO section of the Alice Blue platform.
- Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
- Submit the Application: Confirm all your details and submit your application.
You can apply for the Atmastco Limited IPO at Alice Blue in just a few clicks!
Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.
Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
How do you check Kalahridhaan Trendz Ltd IPO Allotment Status?
Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:
Log in to your Alice Blue Account: You can do this through the Alice Blue website or their trading app.
- Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
- Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
- Select the Atmastco Limited IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Atmastco Limited IPO.
- Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.
If you face any issues, it’s recommended that you contact Alice Blue’s customer support for detailed assistance.
Apart from Alice Blue, there are other ways to check the allotment status of the Atmastco Limited IPO:
● Registrar’s Website: Visit the website of Bigshare Services Private Limited, the registrar of the Kalaridhaan Trendz IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.
● NSE SME: You can also check the allotment status on the official websites of the National Stock Exchange (NSE) SME (Small Medium Enterprise) Platform. You would need your application number and PAN to check the status.
Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.
Kalahridhaan Trendz IPO Offer Registrar
The registrar for the Kalaridhaan Trendz IPO is Bigshare Services Private Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
Contact information for the registrar:
Bigshare Services Private Limited
Office No. S6-2,
6th Floor, Pinnacle Business Park,
Next to Ahura Centre,
Mahakali Caves Road,
Andheri (East), Mumbai – 400093
www.bigshareonline.com
Kalaridhaan Trendz Limited IPO FAQs
The allotment date of Kalaridhaan Trendz Limited IPO is February 21, 2024.
The price band of the company is INR 45 per share.
Kalahridhaan Trendz IPO consists of a fresh issue of shares worth INR 22.49 crores. The company seeks funds to meet working capital requirements and general corporate purposes.
The listing date of Kalaridhaan Trendz Limited’s IPO is February 23, 2024.
