
Industrials · NSE
Krishna Defence and Allied Industries Limited designs and manufactures products for defence, kitchen, and dairy industries. Established in 1996, the company has two manufacturing plants in Gujarat, located in Kalol and Halol near Vadodara. It offers a wide range of products, including ballast bricks, explosive containment vessels, automatic tyre killers, and crowd control barriers for security purposes. In the dairy sector, it provides bulk milk coolers, stainless steel milk cans, milking machines, cow grooming brushes, and heat recovery units. The company also produces kitchen equipment like daal cookers, rice cauldrons, and storage chutes, along with industrial products such as shipbuilding steel sections, welding consumables, and automated data monitoring systems for milk tanks. In 2020, Krishna Defence expanded into Homeland and Security products, introducing modular vehicle barriers, long-range LED searchlights, multi-purpose launchers, and other solutions for the Indian Armed Forces, Police, and Forest Department.
Price Band
₹37 – ₹39
Issue Size
₹11.89 Cr
Lot Size
3000 shares
GMP
Est. Listing
₹39
at current GMP
Subscribed
—
Open
25 Mar 2022
Close
29 Mar 2022
Allotment
1 Apr 2022
Refund
2 Apr 2022
Demat Credit
3 Apr 2022
Listing
6 Apr 2022
Designated Registrar: Bigshare Services Private Limited
Allotment Date
1 Apr 2022
Basis finalization
Refunds Initiate
2 Apr 2022
Mandate release
Demat Credit
3 Apr 2022
Shares in demat
Listing Debut
6 Apr 2022
Trading begins
Krishna Defence and Allied Industries Limited is bringing an initial public offering (IPO) in the Industrials sector with an aggregate issue size of ₹11.89 Crores. The shares are offered at a price band of ₹37 to ₹39 per equity share on NSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 3000 shares (approx. ₹1,17,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Bigshare Services Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2022-04-03, while un-allotted funds or UPI block mandates will be released on 2022-04-02.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.