(i) Krishna Defence is engaged in the diversified business of manufacturing defence application products, dairy equipment products and kitchen equipments. They have entered into various licensing agreement with Defence Research and Development Organisation (“DRDO”) for obtaining the know-how and rights which enable them to manufacture and supply specialized defence application products for the Indian Armed Forces.
(ii) Under defence application
They provide a wide array of high performance products for naval applications and other utilities such as ship building steel bulb bar, special steel alloy bricks used as ballast weight for critical applications, super alloys weld consumables like welding wire, flux and electrodes, food container and improved space heating device, which is also known as bukhari.
In the year 2006, Krishna Defence IPO attempted for the first time to develop ship Building Steel Bulb Bars which was a very critical component for the Indian Navy’s indigenization program and the attempt successfully yielded the result in the trial batch exactly as per the requirement of the Indian Navy. They received appreciation certificate from Defence Metallurgical Research Laboratory (DMRL), Hyderabad for successfully carrying out the project of manufacturing the indigenized steel Bulb Bars which are used in hull construction of Naval warships.
Over the years the Company was awarded Transfer of Technology for manufacture and sale of various defence application products to be supplied to Indian Armed forces like: 5.5 Ltr Plastic Food Container for Extreme Cold Condition, Space Heating Device (Bukhari) used at high altitude in very Cold conditions, Man Mounted Cooling Krishna Defence and Allied Industries Limited 118 System to be used in extremely Hot Conditions as well as cold conditions, Solar Snow Melter to be used at high altitude, Improvised Explosive Device (IED) Containment Vessel to be used for protection and Mounting & support Equipment for Camouflage Net.
(iii) Under Dairy Equipment
In 1997, they started the operations in the dairy equipment manufacturing as a partnership firm, M/s Krishna Industries and over the years the company has developed a wide range of dairy equipment products such as stainless steel milk Cans, Milk Cooling Tanks or Bulk Milk Coolers, Milking Machine, Cow Brooming Brush and Robotic Milk Collection Unit.
The Company achieved a new milestone in 2015 in the dairy industry after acquiring patent for invention of automated milk analysis and collection apparatus called Robotic Milk Collection Unit (RMCU) upto to the year 2035. The developed product works like a kiosk for Milk Collection for Milk Society, and it analyzes the farmer milk not only for Fat & SNF but also tests the milk for adulteration. The RMCU ensures only top-quality milk is collected by the Milk Society and below par milk or adulterated milk is rejected.
(iv) Under Kitchen Equipment
In the year 2010, they stretched its operations into the business of manufacturing Kitchen Equipment and commenced manufacturing of Bulk Cooking Equipment like Rice Cauldron, Dal Cauldron, Braising Pan, Distribution Vessels, Rice Chute, Dal Storage Tank, which are used by organizations which run Midday Meal Programs where cooking is done for up to 1,00,000 meals a day.Presently they are supplying products to The Akshayapatra Foundation.
(v) Homeland and Security Products
In the year 2020, the Company has also forayed in a new business vertical of manufacturing and marketing of Homeland & Security products, wherein they plan to manufacture products like Modular Vehicle Barrier, Automatic tyre Killer, Multi-purpose Launcher and Long Range LED Searchlight used by the Indian Armed Forces, for which they have entered into agreements with foreign vendors for import of critical component required to manufacture/assemble these products in the factory.
(vi) Manufacturing Facilities in Gujarat
Krishna Defence IPO have two manufacturing facilities in Gujarat, located at Kalol and Halol district near Vadodara. The manufacturing facilities are accredited with ISO 9001:2015 quality management system as manufacturer and exporter of stainless-steel milk cans, milking machine, milk coolers, dairy and kitchen Equipment, milk testing Equipment, Galley Equipment, shipbuilding steel bulb bars, modular vehicle barrier & automatic tyre killer.
(viii) Revenue growth of Krishna Defence IPO
a) FY21= 20 Crores, FY20= 35 Crores and FY19 = 25 Crores – Revenue
b) FY21= 1.22 Crores, FY20= 1.93 Crores and FY19 = 0.74 Crores – PAT
Objects of the Krishna Defence IPO:
The Issue includes a fresh Issue of up to 30,48,000 Equity Shares of our Company at an Issue Price of Rs. 39 per Equity Share. We intend to utilize the proceeds of the Issue to meet the following objects: -
1. To meet Working Capital requirements
2. General Corporate Purpose
3. To meet issue expenses
Krishna Defence IPO Details:
||Mar 25 2022
||Mar 29 2022
|| ₹ 10 Per Equity Share
|| ₹ 37-39 Per Equity Share
||Apr 06 2022
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