Steel straps maker Krishca raises Rs.18-Cr on NSE SME platform

Krishca Strapping, a Chennai-headquartered manufacturer of high-tensile steel straps, seals, and tools, has raised around INR 18 crore through the IPO, which was subscribed 244.92 times. The firm's scrip listed at a 120% premium to its initial public offer price on the NSE's SME platform. The issue, which was sold in the price range of INR 51-54 apiece, was listed at INR 118.80 and closed at INR 112.90.