In a strategic move to captivate the market, Kalahridhaan Trendz Limited has announced its Fixed Price Initial Public Offering (IPO) valued at Rs 22.49 crores. The fresh issue comprises 49.98 lakh shares.
Kalahridhaan Trendz IPO Subscription WindowThe subscription set to open on February 15, 2024, and end on February 20, 2024.
Kalahridhaan Trendz IPO Allotment DateThe allotment results are anticipated to be disclosed on Wednesday, February 21, 2024.
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Kalahridhaan Trendz IPO Listing DateKalahridhaan Trendz IPO is likely to list on NSE SME by Friday, February 23, 2024.
Kalahridhaan Trendz IPO Price Band And Minimum InvestmentThe Kalahridhaan Trendz IPO is priced at a modest Rs 45 per share, investors have the opportunity to engage with a minimum lot size of 3000 shares. Retail investors can participate with a minimum investment of Rs 135,000, while High Net Worth Individuals (HNIs) can invest in 2 lots (6,000 shares), totaling Rs 270,000.
Kalahridhaan Trendz IPO GMPThe Grey Market Premium (GMP) for the Kalahridhaan Trendz IPO is currently reported to be flat.
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Interactive Financial Services Ltd spearheads the IPO as the book running lead manager, orchestrating the financial proceedings, while Bigshare Services Pvt Ltd undertakes the role of registrar. Sunflower Broking steps in as the market maker for Kalahridhaan Trendz IPO.
Kalahridhaan Trendz IPO AboutThe company was established in 2016 and Kalahridhaan Trendz Limited specialises in dyeing and processing textiles. The company engages in the manufacturing and trading of fabrics with embroidery, grey fabric trading, and the printing and dyeing of suiting, shirting, and dress fabrics for the B2B market.
Kalahridhaan Trendz IPO PurposeWith two distinct divisions focusing on embroidery and knitting, as well as dyeing and printing of cloths, Kalahridhaan Trendz Limited is poised for a market triumph. The IPO’s net proceeds will be channeled towards working capital requirements, general corporate purposes, and addressing public issue expenses.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. TN NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
