How To Check Kalahridhaan Trendz IPO Allotment Status

Kalahridhaan Trendz concluded its initial public offering (IPO) subscription with impressive numbers. The IPO, which aimed to raise ₹22.49 crore through the sale of fresh shares, witnessed a total subscription of 8.15 times on its final day.

Checking IPO Allotment Status on Registrar’s Website

Follow these steps to check the Kalahridhaan Trendz IPO allotment status:

1. Go to Bigshare Services Pvt Ltd’s official website.
2. Choose one of the available servers to check your IPO Allotment Status.
3. From the list of companies, choose “Kalahridhaan Trendz Limited.”
4. In the ‘Selection Type’ dropdown, select either Application number, Beneficiary ID, or PAN (Permanent Account Number) ID.
5. Depending on your selection in the previous step, enter your application number, PAN, or Beneficiary ID.
6. Fill in the captcha to confirm that you are not a robot.
7. Click the “Search” button to view your allotment status.

Kalahridhaan Trendz IPO Allotment and Listing Details

Investors who applied for the IPO can expect the allotment to be finalized on Wednesday, February 21, 2024. The allotment status can be checked on the official website of the IPO registrar, Bigshare Services Pvt Ltd.

Kalahridhaan Trendz is scheduled to make its market debut on the NSE SME platform on Friday, February 23, 2024. This listing will follow a series of steps including the IPO closure, allotment basis determination, initiation of refunds, and credit of shares to investors’ Demat accounts.

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Kalahridhaan Trendz IPO Subscription Status

The offering, priced at ₹45 per share, was open from February 15 to February 20, 2024. Notably, non-institutional buyers subscribed 6.66 times, while retail investors showed even greater interest, subscribing 9.63 times.

The strong subscription numbers reflect investor confidence in Kalahridhaan Trendz’s business model and market potential.

Kalahridhaan Trendz Company Background

Established in 2016, Kalahridhaan Trendz Limited operates in the textile manufacturing and trading sector. The company’s expertise lies in dyeing and processing textiles, with a focus on embroidered fabrics. It also engages in the trading, buying, printing, and dyeing of suiting, shirting, and dress fabrics primarily for B2B sales.

Kalahridhaan Trendz operates from its manufacturing facility in Ahmedabad, Gujarat, with a significant daily production capacity of 1.00 lakh meters. The company’s diverse operations include divisions dedicated to embroidery, knitting, and the dyeing and printing of cloths.

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