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Krishca Strapping Solutions Limited IPO

5 Mins 16 May 2023 0 COMMENT

Founded in December 2017, Krishca Strapping Solutions aims to provide total packaging solutions for the steel industry. The company started commercial production at their Chennai plant in March 2020.


The Chennai plant has a capacity of 18,000 MT of steel straps and 80 million Seals per annum.

Krishca Strapping Solutions' product range includes:

  • PLC Controlled automatic production line
  • Automated heat treatment process – Uniform grain structure
  • Pollution free production process – Lead free
  • Super Jumbo coils up to 500 Kgs

IPO details

IPO subscription dates: May 16 to May 19, 2023

Price: Rs. 51-54 per share

Lot size: 2000 shares (i.e., Rs. 1,02,000 to Rs. 1,08,000)

IPO Objective

  • Capital Expenditure for setting up of New Strapping Line
  • Repayment of certain secured borrowings in full
  • General corporate expenses and issue expenses

Company Financials


  • The company’s steel strap quality parameters are in line with the American, European and Indian standards.
  • The company provides its customers with the best quality, customised steel strapping and seal products.
  • It owns India’s first lead-free, environment-friendly production line and a state-of-the-art manufacturing facility in Chennai.

Major Business-Related Risk

  • The company had negative cash flow in the financial year 2020 and might experience similar negative cash flow.
  • The company does not own the registered office and the corporate office.
  • The company and/or Associate Company has not complied with certain statutory provisions under various laws and such noncompliance /lapses might attract certain penalties.
  • The company does not own the registered trademark, which might adversely affect the business in case of any misuse by a third-party.
  • They do not enter into long-term relationships with its customers and works on an order basis.

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  • Fill in the required details

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  • Confirm your request

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