Kranti Industries Ltd.
 
Gat No.267/B/1, Post Pirangut, Tal. Mulshi, Pune, Maharashtra - 412115
Phone: 66755676

Public Issue of 2319000 Equity Shares of Rs 10.00 each for Cash at a Premium of Rs 27.00 per share.
Issue Open DateIssue Closing DateApplication MoneyAllotment Money
14/02/201920/02/201937.00 -
Lead Managers Registrar Listed at
FAST TRACK FINSEC PRIVATE LIMITED
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park,
Lal Bahadur Shastri Marg,, Vikhroli (West),
Mumbai, Maharashtra - 400083
Phone: 49186200 Fax: 49186195
BSE
Object of the issue

The Issue includes a fresh Issue of 25, 90,000 Equity Shares of the Company at an Issue Price of Rs.12.00 per Equity Share.

The Company proposes to utilize the funds which are being raised through this Issue towards the below mentioned objects and gain benefits of listing on SME platform of BSE:

The Objects of the Issue are as follows:

- To reduce overall indebtedness of the Company by partial repayment of the outstanding Term Loan from HDFC Bank Limited,
- General Corporate Purposes,
- To Meet the Issue Expenses.

Project Cost
(Rs. in Crs.)
ISSUE EXPENSES0.80
WORKING CAPITAL REQUIREMENTS4.30
GENERAL CORPORATE EXPS.1.38
TOTAL COST6.48
Means of Finance
(Rs. in Crs.)
PUBLIC ISSUES6.48
TOTAL COST6.48
Promoted by

The Promotors of the company are Mr. Sachin Subhash Vora, Mr. Sumit Subhash Vora and Mrs. Indubala Subhash Vora

1. Mr. Sachin Subhash Vora : his born on November 23, 1980 aged 38 years is one of one the Promoter and Managing Director of the Company. He has more than 15 years of experience in the auto components industry. He has completed his B.E. Industrial Electronics) from University of Pune in the year 2002. He is responsible for the development and implementation of Company‘s growth strategy and expansion in India and overseas. His leadership abilities have been instrumental in growth and development of the Company. He is the guiding force behind all the corporate decision and is responsible for the entire business operation of the Company.

Driving Licence Number: MH/12/99/10809

PAN: ACNPV4341E

Aadhar Number: 2907 0267 8698

2. Mr. Sumit Subhash Vora : his born on January 13, 1984, aged 35 years, is one the Promoter and whole –time director of the Company. He has more than 15 years of experience in auto components industry. He is diploma in Mechanical Engineering from Maharashtra State Board of Technical Education in the year 2002. He is responsible for looking after the business administration, including accounting, budgeting etc. He is also actively involved in sale and marketing of the Company‘s products to diverse sectors in the industry.

Driving Licence Number: MH/12/2000/0118068

PAN: ACVPV4627P

Aadhar Number: 9146 0618 7685

3. Mrs. Indubala Subhash Vora : her born on September 25, 1961, aged 57 years, is one of the Promoter of the Company. She is the Non- Executive Director of the Company having more than twenty (20) years of experience with the Company. She is the promoter of the Company and is responsible for the development and implementation of Company‘s growth strategy and expansion. Her involvement with the job machining industry in different capacities along with her prior business knowledge acts as a support to the functioning of the Company.

PAN: AALPV8616N

Aadhar Number: 7338 4775 1112