IPO Details
Bidding Dates
12 Mar '23 - 14 Mar '23
Minimum Investment
₹110,000 / 1 Lots ( 2000 Shares )
Price Range
₹55
Maximum Investment
₹110,000 / 1 Lots ( 2000 Shares )
Retail Discount
To be announced
Issue Size
₹4.75 Cr
Investor category and sub category
Qualified Institutional Buyers | Non-Institutional Investors | Retail Individual Investors |IPO Dates
Important dates with respect to IPO allotment and listing
IPO Opening Date
Mar 12, 2023
IPO Closing Date
Mar 14, 2023
Basis of Allotment
Mar 19, 2023
Initiation of Refunds
Mar 20, 2023
Credit of Shares to Demat
Mar 21, 2023
IPO Listing Date
Mar 22, 2023
IPO Subscription Details
| Date | Retail | Total |
|---|---|---|
Day 1Mar 12, 2023 |
3.94 | 2.59 |
Day 2Mar 13, 2023 |
13.68 | 8.69 |
Day 3Mar 14, 2023 |
59.84 | 53.42 |
IPO Subscription Status Live
| Investor Category | Subscription (Times) |
|---|---|
| Qualified Institutions Buyer | [.] |
| Non-Institutional Buyers | 46.84 |
| Retail Investors | 59.84 |
| Employees | [.] |
| Others | [.] |
| Total | 53.42 |
About Company
The company offers barcode printing solutions to sectors like FMCG, logistics service providers, chemicals, garments, and others. The company was incorporated in 2022, however, the promoter had been engaged in a proprietorship business since 1997. Labelkraft Technologies started producing barcodes in 2009. The aim of the company is to offer affordable, high-quality barcodes
They operate in the line of providing barcode printers, software, scanners, mobile computers, and manufacturing regular consumables required for barcode printers. Their product range includes barcode ribbons, labels, product labels, barcode printers, scanners, ID card printing products, Patient wristbands, RFID products, and self-adhesive tapes.
The products of LabelKraft technologies have several use cases in logistics, industrial packaging, and other segments.
Labelkraft Technologies Ltd. IPO Objective
The company proposes to utilise the funds for the following objectives.
- The company wants to expand with new capacity installation.
- Funding working capital requirements
- Meet general corporate purposes and issue expenses
Why should you invest in Labelkraft Technologies Ltd.?
Here are your top reasons to bid for the Labelkraft Technologies Limited IPO.
- The promoter is experienced with over 25 years of industry exposure. Promoter Ranjeet Solanki started barcode printing and trading in barcode equipment in 2009.
- The company offers a diversified product portfolio of barcode printing equipment and barcode printer, scanner, software, etc.
- The company has a track record of meeting customer demands in a timely fashion, which helped them build long-term business relations with its clients.
Labelkraft Technologies Ltd. Noteworthy highlights>/p>
- Labelkraft Technologies Limited belongs to the warehousing and logistics industry which is undergoing rapid changes with the adoption of automation and robotics.
- Expansion of the retail business, healthcare, and pharmaceutical industry will boost the growth of barcodes and labels.
Know before investing
Strengths
3-
Government focuses on increasing the usage of barcodes, encouraging MSMEs to use barcodes by paying 75% of the one-time registration fee.
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The company has established relationships with its clients from different industry segments.
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The company is an affordable, high-quality barcode printing and equipment store for its customers.
Risks
3-
Investors must note that the company, incorporated in 2022, has a limited financial and operational history.
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With the introduction of new labeling items and innovations, the demand for barcode products may decline.
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Any disruption in the supply chain and procurement of raw materials will impact the business’s future cash flow.
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Labelkraft Technologies IPO FAQs
Labelkraft Technologies Ltd. IPO of ₹4.75 crore will open for subscription on March 13, 2023. It is a fixed price issue with IPO share price set at ₹55 per share with a lot size of 2000 shares.
The basis of allotment date is March 20, 2023.
One lot of Labelkraft Technologies Ltd. IPO has 2000 shares.
The IPO will open on March 13, 2023.
Retail investors can apply for a minimum of one lot.
The listing date of Labelkraft Technologies Ltd. on BSE SME is March 23, 2023.
You can check the allotment status of your IPO application from the Angel One app.
To check the IPO allotment status, enter the application number, DP ID, and PAN number into the app.
Listing gain refers to the difference of the IPO’s opening and offer prices. The listing gain is influenced by changing investors’ interests, global parameters, and short vs long-term outlooks.
The bank initially blocks the amount you bid for an IPO. It will debit the money when the shares are allotted or unblock the amount after the UPI mandate expiry date.
Login to your UPI handle and approve the payment mandate to complete the IPO application process.
You can submit only one application using one PAN card.
The minimum size of the application will be one lot of 2000 shares.
