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Kalahridhaan Trendz IPO
Price Band
₹
Issue Size
₹22.49 Cr
Lot Size
3,000 shares
Min Investment
₹135,000
GMP
+₹3.0 (6.67%)
Issue Price
₹45.0
Subject to Sauda
₹6800
Paid only if allotted
Kalahridhaan Trendz IPO AI Summary
- Kalahridhaan Trendz IPO is listed on NSE SME in the Other Textile Products sector.
- Subscription window: 15 Feb–20 Feb 2024, listing on 23 Feb 2024.
- Current GMP is +₹3.0 (6.67%) — unofficial and can change daily.
Kalahridhaan Trendz Limited is entering the market with an IPO priced at ₹45.0 per share, aiming to raise ₹22.49 Cr. The company has shown growth in revenue and profits over the past few years, with an implied P/E of 8.24 at the issue price, which is lower than its peers. Investors should consider their risk tolerance and the company's fundamentals before participating.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Kalahridhaan Trendz IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 20 Feb 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Kalahridhaan Trendz IPO Grey Market Premium (GMP) Today
GMP
+₹3.0
GMP %
+6.67%
Est. Listing
₹48.0
Updated: 25 Jul 2026 14:07
About the Company
Kalahridhaan Trendz Limited was founded in 2016 and is a company that dyes and processes textiles. The company is engaged in manufacturing and trading of fabrics with embroidery, trading of grey fabrics, buying of grey fabrics and printing and dyeing of suiting, shirting and dress fabrics for sale in the B2B market. The company has two divisions: Embroidery and knitting Dyeing and printing of cloths The company's manufacturing facility is located in Ahmedabad, Gujrat, and has a production capacity of 1.00 lakh metres per day. As on December 31, 2023, the company employed a total of 12 permanent employees in various departments.
Company Financials (₹ Cr)
As of 2023-09-30
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 109.79 | 109.63 | 102.98 | 59.79 |
| Total Income | 84.35 | 184.17 | 183.90 | 132.36 |
| Profit After Tax | 4.79 | 6.66 | 2.46 | 1.11 |
| NET Worth | 22.91 | 12.03 | 5.37 | 2.91 |
| Reserves and Surplus | 10.72 | 12.03 | 5.37 | 2.91 |
| Total Borrowing | 67.02 | 61.05 | 52.50 | 31.46 |
Key Ratios
EPS
₹5.46
NAV
₹29.74
ROE
42.09%
ROCE
17.39%
RoNW
36.75%
P/B Value
1.51
P/E Ratio
8.24
Market Cap
₹77.34 Cr
PAT Margin
3.62%
Debt/Equity
3.19
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic |
|---|---|---|---|---|
| Monte Carlo Fashions Ltd | 374.67 | 17.09% | 10.84 | 64.03 |
| Kitex Garments Ltd. | 136.07 | 6.65% | 26.08 | 8.94 |
| Spl Industries Ltd. | 64.64 | 12.72% | 9.03 | 8.22 |
| Kalahridhaan Trendz Limited This IPO | 29.74 | 36.75% | 8.24 | 5.46 |
Promoters
Niranjan Agarwal, Aditya Agarwal and Sunitadevi Agarwal
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Working Capital Requirements 16.07 2 General Corporate Purposes 5.35
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹132.36 Cr in the year ending 31 Mar 2021, rising to ₹183.90 Cr by 31 Mar 2022, and slightly decreasing to ₹184.17 Cr by 31 Mar 2023. As of 30 Sep 2023, total income was ₹84.35 Cr, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit After Tax was ₹1.11 Cr in the year ending 31 Mar 2021, increasing to ₹2.46 Cr by 31 Mar 2022, and further rising to ₹6.66 Cr by 31 Mar 2023. As of 30 Sep 2023, profit after tax was ₹4.79 Cr, though this is a 9-month figure, not a full year, so isn't directly comparable.
Valuation
At the issue price of ₹45.0, Kalahridhaan Trendz has an implied P/E of 8.24, compared to peers trading at P/E ratios ranging from 9.03 to 26.08.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the expected listing price of an IPO based on unofficial trading in the shares before they are listed on the stock exchange. A positive GMP suggests that the shares may list at a premium to the issue price, while a negative GMP indicates potential listing at a discount.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment strategy and risk tolerance, considering the company's fundamentals and market conditions.
Who May Want to Wait
Investors who prefer stable, established companies with consistent earnings may want to avoid IPOs like this, which can involve higher risks and uncertainties.
IPO Timeline, Explained
The IPO opens for subscription on February 15, 2024, and closes on February 20, 2024. Allotment of shares will take place on February 21, 2024, with the listing date set for February 23, 2024.
Listing Gains — The Risk
Listing gains can vary significantly and are influenced by market conditions, investor sentiment, and the company's performance. There is no guarantee of immediate profits on the listing day, and investors should be prepared for potential volatility.
This evaluation is generated from Kalahridhaan Trendz's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Kalahridhaan Trendz IPO GMP today?
Kalahridhaan Trendz IPO GMP today is +₹3.0 (6.67%). GMP is an unofficial grey-market indicator and can change daily.
When does Kalahridhaan Trendz IPO open and close?
Kalahridhaan Trendz IPO opens on 15 February 2024 and closes on 20 February 2024.
When does Kalahridhaan Trendz IPO list on the stock exchange?
Kalahridhaan Trendz IPO listed on 23 February 2024 at ₹48.0.
What is the lot size for Kalahridhaan Trendz IPO?
The lot size for Kalahridhaan Trendz IPO is 3000 shares, requiring a minimum investment of ₹135,000.
What is the lot size for this IPO?
The lot size for Kalahridhaan Trendz's IPO is 3000 shares.
What is the minimum investment required?
The minimum investment required is ₹135,000.
What is the issue price of the shares?
The issue price is ₹45.0 per share.
When does the IPO open and close?
The IPO opens on February 15, 2024, and closes on February 20, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the IPO based on unofficial trading.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
15 Feb 2024
Close
20 Feb 2024
Allotment
21 Feb 2024
Listing
23 Feb 2024
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