
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
Overall Subscription
0.00x
Total Demand
QIB Multiplier
0.00x
Institutions & Funds
NII / HNI
0.00x
High Net-Worth
Retail (RII)
0.00x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| Qualified Institutional (QIB) | 1,524,359 | — | 0.00x |
| Non-Institutional (NII / HNI) | 457,308 | — | 0.00x |
| Retail Individual (RII) | 1,067,051 | — | 0.00x |
| Total | 3,048,718 | 0 | 0.00x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| Retail (RII) | 356 | 356 | 1.00x |
| HNIs (10L +) | 2 | 2 | 1.00x |
| HNIs (2-10L) | 11 | 11 | 1.00x |
| Total Applications | 369 | 369 | 1.00x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
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.
Currently, Krishna Defence and Allied Industries Limited IPO Grey Market Premium (GMP) is not actively quoted or is quoted flat at ₹0. The shares are expected to list close to the issue price band of ₹37 to ₹39 per equity share.
The retail lot size is 3000 shares requiring a minimum application amount of ₹1,17,000. Expected listing price is ₹39 per equity share.
The Krishna Defence and Allied Industries Limited IPO aggregate issue size is ₹11.89 Crores with an equity price band set at ₹37 to ₹39 per equity share. The retail lot size is 3000 shares requiring a minimum capital outlay of approx. ₹1,17,000.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 0.00x (Retail: 0.00x, QIB: 0.00x, NII: 0.00x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Bigshare Services Private Limited) and the BSE status verification website on or around 2022-04-01. Investors can verify status using PAN card or application number.
Krishna Defence and Allied Industries Limited shares are scheduled to list on NSE on 2022-04-06.