Kranti Industries Limited IPO
(i) The Company was incorporated in the year 1995. The Company initially catered to the tractor industry in the automotive sector with major dependency on very few customers. Further, with a view to expand the business and undertake additional orders, the Company acquired a majority stake in “Wonder
Precision Private Limited” in the year 2013 (Subsidiary).
The Subsidiary is engaged in the business of manufacturing of precision machined components primarily for the automotive industry and is located at Plot No. J-63, Bhosari, MIDC, Pune Maharashtra.
With an operating history of more than two (2) decades, Kranti Industries is primarily known for range of automotive component and non-automotive (off highway) components.
(ii) They manufacture various automotive components varying from 100 MM to 1200 MM in size. They manufacture customized products for reputed Original Equipment Manufacturers (OEMs) of diverse industries such as passenger cars, electric cars, two-wheelers, tractors, construction machinery railways, light vehicles, off-highway, heavy trucks etc.
(iii) Over the years the Company has diversified its product portfolio and presently caters to various sectors by developing components for construction, automobile, commercial vehicle, pneumatic tool, windmill medical industry, etc.
(iv) They have a diversified client base and are committed to continuing to diversify our product offerings, customer base, and geographical footprint, thereby minimizing the exposure to individual geographies, industry sectors,
Top Client List:
Graziano Transmission India Pvt. Ltd, John Deere India Pvt. Ltd, CNH Industrial (India) Private Limited formerly known (New Holland Fiat (I) Pvt. Ltd), Carraro India Pvt. Ltd, Jaya Hind Industries Limited, Endurance Technologies limited, Neosym Industry Limited (Sanaswadi) and Meltwel Scrap Traders, etc.
They have two manufacturing units adjacent to each other located at Pune, Maharashtra having a total area of approximately 4,100 square meters and 2,730 square meters respectively.
The manufacturing units have received ISO 9001:2015 and IATF 16949:2016 certification from Kiwa Cermet Italia.
Further, the Company has received “Performance Appreciation Award” for outstanding contribution for new part development in casting and machining commodity from Oerlikon in the year of 2018.
The current Order Book as on 18.01.2019 is approximately ₹ 9.30 Cr
Objects of the Kranti Industries Limited IPO:
Kranti Industries Limited IPO Details:
|Open Date:||Feb 14 2019|
|Close Date:||Feb 20 2019|
|Face Value:||₹ 10 Per Equity Share|
|Issue Type:||Fixed Price|
|Issue Size:||8.58 Cr.|
|Lot Size:||3000 Shares|
|Issue Price:||₹ 37 Per Equity Share|
|Listing At:||BSE SME|
|Listing Date:||Feb 28 2019|
Promoters And Management:
Financials of Kranti Industries Limited IPO:
(Particulars in Lakhs)
|Year||ROE||ROCE||D/E||Current Ratio||Receivable days|
|Paid Up Capital||1||1||1|
|Reserves and Surplus||-58.09||-36.789||-6.29|
|Sales and Other Income||400.48||453.91||295.387|
Recommendation on Kranti Industries Limited IPO:
Lead Manager of Kranti Industries Limited IPO:
Registrar of Kranti Industries Limited IPO:
Bid Details of Kranti Industries Limited IPO as on
20 Feb 2019 | 11:58:06 PM
|Category||No.of shares offered||No. of shares bid|