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Krishna Defence IPO

Krishna Defence and Allied Industries Limited Logo

Krishna Defence and Allied Industries Limited develops, manufactures, and designs Defence Application Products, Kitchen and Dairy Equipment Products. The company was incorporated in 1996 and has two manufacturing plants located in Gujarat, Kalol and Halol district near Vadodara.

The company manufactures and offers a wide range of products including Ballast Bricks, Improvised Explosive Device Containment Vessels, Automatic Tyre Killer, Crowd Control Barriers, Bulk milk cooler with thermal storage system, Cow Grooming Brush, Daal Cooker, Rice Storage Chute, Stainless Steel Milk Cans, Milk Cooling Tanks or Bulk Milk Coolers, Solar Powered Milk Cooling Tanks, I-Data (Automated Data Monitoring System for Milk Tanks), Heat Recovery Unit, Auto-CIP system Containerized Milk Procurement Unit, Milking Machine, Bulk Cooking Equipment like Rice Cauldron, Ship Building Steel section, Weld Consumables, etc.

Krishna Defence and Allied Industries started a new vertical in 2020 which manufactures and markets Homeland & Security products like Modular Vehicle Barrier, Automatic Tyre Killer, Multi-purpose Launcher, and Long-Range LED Searchlight to be used by the Indian Armed Forces, Forest Department, Police Department, etc.

Competitive Strengths:

  1. We offer a diversified range of products.
  2. Precision engineering expertise with complex product manufacturing capability.
  3. Strong R&D capabilities with a focus on innovation.
  4. Long-Standing Relationship with our customers.
  5. Experienced Qualified Management and Employee base.

Company Promoters:

Mr. Ankur Ashwin Shah is the company promoter.

Company Financials:

ParticularsFor the year/period ended (Rs in Lakhs)
Total Assets5,804.145,620.066,141.366,599.65
Total Revenue2,098.203,618.842,572.375,890.85
Profit After Tax122.11193.6574.61206.44

Objects of the Issue:

The company intends to utilize the proceeds of the Issue to meet the following objectives:

  1. To meet Working Capital requirements.
  2. General Corporate Purpose.
  3. To meet issue expenses.

krishna defence ipo Details

IPO Opening DateMar 25, 2022
IPO Closing DateMar 29, 2022
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price₹37 to ₹39 per equity share
Market Lot3000 Shares
Min Order Quantity3000 Shares
Listing AtNSE SME
Issue Size3,048,000 Eq Shares of ₹10
(aggregating up to ₹11.89 Cr)
Fresh Issue3,048,000 Eq Shares of ₹10
(aggregating up to ₹11.89 Cr)
QIB Shares Offered50% of the net offer
Retail Shares Offered35% of the net offer
NII (HNI) Shares Offered15% of the net offer

krishna defence ipo Tentative Timetable

The krishna defence ipo open date is Mar 25, 2022, and the close date is Mar 29, 2022. The issue may list on Apr 6, 2022.

IPO Open DateMar 25, 2022
IPO Close DateMar 29, 2022
Basis of Allotment DateApr 1, 2022
Initiation of RefundsApr 4, 2022
Credit of Shares to Demat AccountApr 5, 2022
IPO Listing DateApr 6, 2022

krishna defence ipo Lot Size

The krishna defence ipo market lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹117,000).

ApplicationLotsSharesAmount (Cut-off)

krishna defence ipo Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding73.38%

krishna defence ipo Prospectus

Company Contact Information

Krishna Defence and Allied Industries Limited
344, Floor-3, Plot-267, A To Z Industrial Estate,
Ganapatrao Kadam Marg, Lower Parel,
Delisle Road, Mumbai, Maharashtra, 400013
Phone: +91 22 4220 3800/99
Email: [email protected]

krishna defence ipo Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: [email protected]

krishna defence ipo Lead Manager(s)

  1. Hem Securities Limited