Krishna Defence IPO GMP, Financial Summary, Allotment Details

All about Krishna Defence IPO GMP

Some people have black and white lives in this colorful world where black is all negatives while white is all positives. But at a certain point to balance this black and white, there is a need to adopt a middle path, the grey.

The same goes in the stock market where grey is just not the colour but is a market.

Grey market IPO is an unofficial market where IPO shares and applications are bought/sold before officially getting launched on the stock exchange. The Grey Market IPO mainly functions on Grey Market Premium (GMP) and Kostak.

The amount at which the grey market IPO shares are traded before the listing in the stock exchange market is Grey Market Premium(GMP).

GMP also helps in understanding the listing of an IPO when the issue opens.

The price which the individual pays before IPO listing for the IPO Application is Kostak.

GMP of Krishna defence and allied Industries IPO

DateGMPKostakSubject to
29 march₹ 15,000
28 march₹ 15,000
27 march₹ 15,000
26 march₹ 15,000
25 march₹ 15,000
24 march₹ 15,000
23 march
22 march
21 march

Krishna Defence and allied Industries IPO

Krishna defence and allied Industries Ltd. manufactures, develops and designs a variety of products of Defence Application, Dairy Equipment and Kitchen. The company was established in 1996 and has started a new vertical in 2020 which markets and manufactures Homeland and Security products.

Company promoter: Mr Ankur Ashwin Shah

Financial summary of Krishna Defence and allied Insurance

For the Year/ Period endedRevenue (Rs. in Lakhs)Assets (Rs. in Lakhs)Profit After Tax (PAT) (Rs. in Lakhs)
September 20212098.205804.14122.11
March 20213618.845620.06193.65
March 20202572.376141.3674.61
March 20195890.856599.65206.44

Also Check:- How to Link your LIC policy to Pan Card -for LIC IPO

Krishna Defence and allied Insurance IPO details

Issue opens25 March 2022
Issue ends29 March 2022
Issue size3,048,000 equity shares of ₹10
Listing onNSE SME
Price Band₹37 – ₹39 per equity share
IPO lot sizeMinimum 3000 shares for 1 lot
Minimum amount₹ 117,000
Allotment Date1 April 2022
Refund4 April 2022
Credit to Demat Account5 April 2022
IPO Listing Date6 April 2022
NII (HNI) Shares Offered15% of the net offer
Retail shares offered35% of the net offer
QIB shares offered50% of the net offer

Lead Managers: Hem Securities Ltd.


Registrar: Bigshare Services Pvt. Ltd.