Kalahridhaan Trendz IPO

Kalahridhaan Trendz Limited

₹1,35,000 /3000 sharesMinimum Investment

Kalahridhaan Trendz IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
NSE₹45.00₹47.00₹2.00 (4.44%)

Kalahridhaan Trendz IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
15 Feb ‘24 - 20 Feb ‘24₹1,35,0003,000₹45 - ₹45
Issue SizeIPO Doc
22.49Cr
RHP PDF

About Kalahridhaan Trendz

Kalahridhaan Trendz Limited is primarily engaged in the manufacturing and trading of fabric with embroidery, including the trading of grey cloths and handling the purchase, printing, and dyeing of materials for suiting, shirting, and dress materials. The company operates through two main divisions: embroidery and knitting, and dyeing and printing of cloths. In the embroidery segment, Kalahridhaan Trendz Limited takes on both in-house and outsourced embroidery work, while also actively participating in the purchase and sale of grey cloths. Benefiting from two embroidery knitting machines with a capacity of 15,000 meters per day, the company further expanded its business activities by renting a textile dyeing and printing unit in February 2018 for forward integration. Its manufacturing facility is situated in Ahmedabad, Gujarat. It has a production capacity of 1.00 lakh meters per day.;
Parent Organisation
Kalahridhaan Trendz Limited
Founded
2016
Managing Director
Mr. Niranjan Agarwal

Strengths & Risks

  • The company’s manufacturing unit is located on the outskirts of Ahmedabad City at Narol Circle, ensuring easy procurement of raw materials and dispatch of finished products to various clients. It benefits from convenient road, rail, and air connectivity to different states in India.
  • The promoter carries over 35 years of experience and strong market knowledge, specializing in trading, manufacturing, and embroidery of clothing and cotton grey fabric, as well as the process house of dying and printing cloth since 2016.
  • The company has demonstrated a rise in revenue and net profit over the last 3 years. Its revenue from operations was Rs. 132.36 cr, 183.90 cr, and Rs. 184.17 cr in FY 2021, 2022 and 2023 respectively. Its Profit After Tax has also shown a consistent uptrend during these years.
  • The company’s top ten buyers and suppliers contribute significantly to its revenue and raw material sourcing. No long-term agreements exist with customers or suppliers. The loss of any customer, reduced orders, or disruptions in raw material supply may adversely impact revenues and profitability. The revenue from top ten customers in the FY 2022-23, FY 2021-22 and FY 2020-21 was 66.28%, 60.68% and 45.07% of the total turnover.
  • There are outstanding litigations against the company, which, if determined against it, could adversely impact financial conditions.
  • As of September 30, 2023, the company holds unsecured loans of Rs. 20.67 cr, repayable on demand. Any repayment demand from lenders may adversely affect business operations and the company's financial condition.
  • The company has encountered negative cash flows in previous years/periods, and potential future operating losses or negative cash flows could adversely affect its results of operations, liquidity, and financial condition. Net cash flow from operating activities was Rs. (5.39) cr as of March 2021. As of March 2023, the company had an operating cash flow of Rs. (0.68) cr.
  • In the past, the company has delayed filing of Goods and Service Tax (GST) returns and return of Tax Deducted at Source (TDS) dues. There are chances of financial penalties being imposed on the company by the relevant Government authorities, which may have a material adverse impact on its cash flows and financial condition.

Financials

*All values are in Rs. Cr
No Graph Data To Display

Application details

Apply asPrice bandApply upto
Regular45 - 45₹2 Lakh
High Networth Individual45 - 45₹2 - 5 Lakh
For Kalahridhaan Trendz IPO, eligible investors can apply as Regular.
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