Kalahridhaan Trendz Limited IPO

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Kalahridhaan Trendz Private Limited, under the seasoned leadership of Mr. Niranjan Agrawal and Mr. Adity Agrawal, epitomizes the growth and dynamism inherent in India’s textile industry. With a legacy that spans over three decades, Mr. Niranjan Agrawal’s journey from a pivotal role in a textile group to establishing a hallmark in the textile business outlines the company’s foundational strengths in finance, administration, and marketing. His ventures, starting with a commission agent business and culminating in the establishment of Kalahridhaan Trendz Private Limited in 2016-17, showcase a strategic expansion and diversification within the textile sector.

Kalahridhaan Trendz specializes in the manufacturing and trading of embroidered fabric, grey cloths, and the production of suiting, shirting, and dress materials targeted at the B2B market. Positioned as first-stage wholesalers, the company supplies material directly to other wholesalers, establishing a critical link in the supply chain. The company’s embroidery unit, equipped with advanced knitting machines capable of producing 15,000 meters per day, emphasizes both in-house production and outsourced work, demonstrating flexibility and capacity in meeting varied client demands.

The business’s expansion into dying and printing in 2018 signifies a forward integration strategy, enhancing its product offerings and service capabilities. This diversification not only broadens the company’s operational scope but also enriches its value proposition to clients by providing a comprehensive suite of textile processing services under one roof.

Kalahridhaan Trendz operates through two main segments: Embroidery Knitting and Cloth Dyeing and Printing. The Embroidery Unit focuses on the complete lifecycle of dress material production, from procurement of grey fabrics and yarns to the development of designs, ensuring quality at every stage of production. The Cloth Dyeing and Printing segment encompasses a series of specialized processes, including singeing, desizing, scouring, bleaching, mercerizing, dyeing, and printing, culminating in stringent quality control measures. These processes are vital for achieving the desired fabric characteristics, such as color fastness, dimensional stability, and aesthetic appeal.

Quality control is paramount at Kalahridhaan Trendz, with rigorous procedures in place for both raw material procurement and finished product inspection. The company’s commitment to quality extends to sampling, where designs are tested and refined based on customer feedback, ensuring that the final product meets the highest standards of excellence.

In summary, Kalahridhaan Trendz Private Limited exemplifies innovation, quality, and growth in the textile industry. Through strategic leadership, diverse business activities, and a commitment to excellence, the company stands as a beacon of industry best practices and customer satisfaction in the B2B textile market.

Objects of the Kalahridhaan Trendz Limited IPO:

The company proposes to utilize the Net Proceeds from the issue towards the following objects: i. Working capital requirement ii. General Corporate Purpose, and iii. Meeting Public Issue Expenses.

Kalahridhaan Trendz Limited IPO Details:

Open Date: Feb 15 2024
Close Date: Feb 20 2024
Total Shares: 4,998,000
Face Value: ₹ 10 Per Equity Share
Issue Type: fixed issue
Issue Size: 22.49 Cr.
Lot Size: 3000 Shares
Issue Price: ₹ 45 Per Equity Share
Listing At: NSE Emerge
Listing Date: Feb 23 2024

Promoters And Management:

Niranjan Agarwal aged 60 years, is a Promoter and Managing Director of the company. He has been associated with the Company as a director since Inception i.e. May 27, 2016. He is not Matriculate. He has been leading the Strategy and Business Development department of the Company from the year 2016. He is also the Supreme authority in all operational, financial and marketing proposals by the teams. He possesses more than 40 Year of experience in the textile industry. His major roles include administering business strategies to streamline company growth and ensure smooth running of existing operations. Aditya Agarwal aged 30 years, is a Whole-time director of the company. He has been associated with the Company as a director since Inception i.e. May 27, 2016. He has completed his Bachelor of Technology in Chemical Engineering from Nirma University, Gujarat in the year 2015. He Possessed expertise in Textile chemicals, Manufacturing and designing of products. His responsibilities include acting as a mediator between other Directors and company team heads. He supervises all client interactions and manages the client relations. Sunitadevi Agarwal aged 56 years, is a Promoter & Non-Executive Director of the company. She is not Matriculate. She is always associated with the routine course of business of the Company. Currently, she looks after the HR related matters in the Company.

Financials of Kalahridhaan Trendz Limited IPO:

Particulars ( In Lakhs )
2021
2022
2023
6M-FY24
Revenue from Operations 13,236 18,390 18,417 8,427
Other Income 0 0.32 0.16 7
Total Revenue 13,236 18,390 18,417 8,435
Cost of Material Consumed 11,405 18,626 15,337 6,000
Manufacturing Expenses 2,032 1,026 1,064 667
Change in Inventories -719 -2,061 512 636
Employees Benefit Expenses 24 46 76 26
Other Expenses 82 91 51 61
EBITDA 411 662 1,377 1,044
Depreciation & Amortisation 19 19 23 46
Finance cost 239 313 463 363
EBIT 392 643 1,353 999
OPM (%) 3.11% 3.60% 7.48% 12.38%
PBT 153 330 890 635
Tax 43 84 224 156
PAT 111 246 666 479
NPM (%) 0.84% 1.34% 3.62% 5.68%
No.of Shares 171.87 171.87 171.87 171.87
EPS 0.64 1.43 3.87 2.78

Comparison With Peers:

Name of the Company Revenue (In Crore) PAT (In Crore) EPS ( in Rs) P/E CMP Mcap (In Crore)
Kalahridhaan Trendz Limited 184 7 3.87 11.6 45 77
SPL Industries Limited 285 24 8.22 13.9 69.8 202
Kitex Garments Limited 557 57 8.65 43.4 255 1,696
Monte Carlo Fashion Limited 1,118 133 64.03 13.7 661 1,370
* All the data is as per FY23.

Lead Manager of Kalahridhaan Trendz Limited IPO:

  1. Interactive Financial Services

Registrar of Kalahridhaan Trendz Limited IPO:

  1. Bigshare Services Private Limited

Company Address:

Kalahridhaan Trendz Limited 57 Ashra Industrial Estate, B/H Mahalaxmi Fabrics, Nr. Narol Cross Road, Ahmedabad - 382405 Phone: +91 6353302166 Email: cs@kalahridhaan.com Website: http://www.kalahridhaan.com/

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