Kalahridhaan Trendz IPO allotment: Check status, listing date, GMP, other details

The allotment of SME IPO of Kalahridhaan Trendz will be finalised later today. On the allotment date, investors get to know about the number of shares allotted to them as against the bids made.

Investors can check the status of Kalahridhaan Trendz IPO allotment by logging in to the official website of the registrar, which is Bigshare Services in this case.

Follow the step by step process mentioned below to check the status of allotment.


Step 1: Visit the IPO Allotment Status page on Bigshare Services website

Step 2: Select IPO from the dropdown

Step 3: Put Application number and enter captcha and 'Submit'.

Kalahridhaan Trendz GMP

In the unlisted market, the company's shares are trading with a premium of Rs 3 in the unlisted market as against an offer price of Rs 45. The tentative listing date is set as February 23.

The IPO, which is an entirely fresh equity issue of 49.9 lakh shares, was subscribed 8 times at close.

The net proceeds from the public offer will be used for working capital requirements, general corporate purposes and issue expenses.

Kalahridhaan Trendz is engaged in the business of manufacturing and trading of fabric with embroidery works, grey cloths, purchase of grey cloth and printing and dyeing for preparing suiting, shirting and dress materials for sale in the market.

In the embroidery segment, the company undertakes embroidery work for its own business as well as on behalf of the other clients. In addition to this it also gets embroidery work out sourced.

For the period ended September 2023, the company clocked revenues of Rs 84.2 crore and net profit of Rs 4.8 crore.

Interactive Financial Services is acting as the lead manager to the issue and Bigshare Services is the registrar.

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