Clara Industries Limited IPO (Clara Industries IPO) Detail

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:

ParticularsFor the year/period ended (₹ in millions)
Total Assets46.73
Total Revenue6.27
Profit After Tax3.04

Objects of the Issue:

  • To meet working capital requirements
  • General corporate purposes

Clara Industries IPO Details

IPO Opening DateDec 16, 2021
IPO Closing DateDec 21, 2021
Issue TypeFixed Price Issue IPO
Face Value₹10 per equity share
IPO Price₹43 per equity share
Market Lot3000 Shares
Min Order Quantity3000 Shares
Listing AtBSE SME
Issue Size702,000 Eq Shares of ₹10
(aggregating up to ₹3.02 Cr)
Fresh Issue702,000 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 DateDec 16, 2021
IPO Close DateDec 21, 2021
Basis of Allotment DateDec 24, 2021
Initiation of RefundsDec 27, 2021
Credit of Shares to Demat AccountDec 28, 2021
IPO Listing DateDec 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).

ApplicationLotsSharesAmount (Cut-off)

Clara Industries IPO Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding71.70%

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

Clara Industries IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

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