Kalahridhaan Trendz IPO: Check Out Issue Size, Objectives & More

On February 15, 2024, Kalahridhaan Trendz initiated its initial public offering (IPO), which will conclude on February 20, 2024. The valuation of the IPO is Rs 22.49 crore, with a fresh issue consisting of 49.98 lakh shares. The price of each share is Rs 45.

Investors have the opportunity to bid with a minimum lot size of 3,000 shares. Retail investors can participate with a minimum investment of Rs 1,35,000, while High Net Worth Individuals (HNIs) have the option to invest in 2 lots or 6,000 shares, amounting to Rs 2,70,000.

About the company

Established in 2016, Kalahridhaan Trendz Limited specializes in dyeing and processing textiles. The company actively manufactures and trades fabrics with embroidery, engages in grey fabric trading, and specializes in printing and dyeing suiting, shirting, and dress fabrics, catering specifically to the B2B market.

Also read: Thaai Casting IPO: Check Out Reserve Portion, Price Band & More

Price Band

The company has set the IPO price band at Rs 45 per share.

Issue Size

The Kalahridhaan Trendz IPO, valued at Rs 22.49 crore, consists entirely of a fresh issue. It comprises 49,98,000 equity shares, each with a face value of Rs 10. This IPO does not have an offer-for-sale component.

Objectives of the issue

The company intends to utilize the net proceeds from the IPO for various purposes, including covering public issue expenses, addressing general corporate requirements, and fulfilling working capital needs.

Disclaimer: The information provided in this blog post is for informational purposes only and should not be construed as investment or trading advice. The author is not a financial advisor and does not have any professional qualifications in this area. The author does not guarantee the accuracy or completeness of the information provided. Any action you take based on the information in this blog post is done at your own risk. Please consult with a financial advisor before making any investment decisions.