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
| Date | GMP | Kostak | Subject 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 ended | Revenue (Rs. in Lakhs) | Assets (Rs. in Lakhs) | Profit After Tax (PAT) (Rs. in Lakhs) |
| September 2021 | 2098.20 | 5804.14 | 122.11 |
| March 2021 | 3618.84 | 5620.06 | 193.65 |
| March 2020 | 2572.37 | 6141.36 | 74.61 |
| March 2019 | 5890.85 | 6599.65 | 206.44 |
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Krishna Defence and allied Insurance IPO details
| Issue opens | 25 March 2022 |
| Issue ends | 29 March 2022 |
| Issue size | 3,048,000 equity shares of ₹10 |
| Listing on | NSE SME |
| Price Band | ₹37 – ₹39 per equity share |
| IPO lot size | Minimum 3000 shares for 1 lot |
| Minimum amount | ₹ 117,000 |
| Allotment Date | 1 April 2022 |
| Refund | 4 April 2022 |
| Credit to Demat Account | 5 April 2022 |
| IPO Listing Date | 6 April 2022 |
| NII (HNI) Shares Offered | 15% of the net offer |
| Retail shares offered | 35% of the net offer |
| QIB shares offered | 50% of the net offer |
Lead Managers: Hem Securities Ltd.
Email: ib@hemsecurities.com
Registrar: Bigshare Services Pvt. Ltd.
Email: IPO@bigshareonline.com