Kalahridhaan Trendz Limited IPO
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:
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:
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 |
Lead Manager of Kalahridhaan Trendz Limited IPO:
Registrar of Kalahridhaan Trendz Limited IPO:
Company Address:
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