Clara Industries Limited is engaged in providing flexible plastic packaging solutions. The company is known for manufacturing and supplying high-end multilayer plastic bags and multilayer plastic rolls in India. Clara Industries serves varied sectors spanning FMCG, Consumer Product, Hardware Tools, Hospitality, Housekeeping, Pharmaceuticals, Clothing & Hosiery, Edible Oil, Salt, and Sugar industry.
The company’s product portfolio includes:
- Packaging Films
- Flexible Packaging
- Horticulture Bags
- HDPE Bottles
- Plastic Matts
- Printed and non-printed
- Plastic Sheets
- Plastic Bangles
The company primarily sells its products through direct orders from clients based in Rajasthan, Bihar, Uttarakhand, Himachal Pradesh, and Punjab. The company has a manufacturing unit located at Saharanpur, Uttar Pradesh, having a total area of approximately 14,714 sq. ft. In the Year 2021, Clara industries through a Business Transfer Agreement (BTA), acquired a proprietor firm named M/s Clara Petrochemical.
Competitive Strengths:
- Wide product portfolio
- Location advantage with efficient logistics
- Diversified customer base
- Focus on quality
- semi-automated manufacturing units
- Strong management team and motivated and efficient workforce.
- Engaging atmosphere for employees
Company Promoters:
Ms. Parry Kukreja and Mr. Nikhil Kukreja are the company promoters.
Company Financials:
| Particulars | For the year/period ended (₹ in millions) |
|---|---|
| 18-Nov-21 | |
| Total Assets | 46.73 |
| Total Revenue | 6.27 |
| Profit After Tax | 3.04 |
Objects of the Issue:
- To meet working capital requirements
- General corporate purposes
Clara Industries IPO Details
| IPO Opening Date | Dec 16, 2021 |
| IPO Closing Date | Dec 21, 2021 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹43 per equity share |
| Market Lot | 3000 Shares |
| Min Order Quantity | 3000 Shares |
| Listing At | BSE SME |
| Issue Size | 702,000 Eq Shares of ₹10 (aggregating up to ₹3.02 Cr) |
| Fresh Issue | 702,000 Eq Shares of ₹10 (aggregating up to ₹3.02 Cr) |
Clara Industries IPO Tentative Timetable
The Clara Industries IPO open date is Dec 16, 2021, and the close date is Dec 21, 2021. The issue may list on Dec 29, 2021.
| IPO Open Date | Dec 16, 2021 |
| IPO Close Date | Dec 21, 2021 |
| Basis of Allotment Date | Dec 24, 2021 |
| Initiation of Refunds | Dec 27, 2021 |
| Credit of Shares to Demat Account | Dec 28, 2021 |
| IPO Listing Date | Dec 29, 2021 |
Clara Industries IPO Lot Size
The Clara Industries IPO market lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹129,000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 3000 | ₹129,000 |
| Maximum | 1 | 3000 | ₹129,000 |
Clara Industries IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 71.70% |
Clara Industries IPO Review
The company is operating in a highly competitive and fragmented segment. Its financial data is not in line with the asking price. Based on FY21 and H1 FY22 earnings, the issue is exorbitantly priced. Considering its post-issue equity base, it will have longer gestation for migration to the mainboard. There is no harm in ignoring this pricy IPO.
Company Contact Information
Clara Industries Limited
127/1 Gram Simbhalka Junardar Paragna,
Tehsil and District Saharanpur- 247001,
Uttar Pradesh, India
Phone: +91- 81718 84399
Email: info@clara.co.in
Website: http://clara.co.in/
Clara Industries IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com