Support and Resistance Levels
Past performance
About Krishca Strapping Solutions Ltd Krishca Strapping Solutions Limited, established in December 2017 and headquartered in Chennai, specializes in manufacturing high tensile steel straps. Initially a private company, it transitioned to a public company in December 2022. The company, founded by Mr. Lenin K. Balamanikandan, operates an integrated manufacturing facility in Sivakasi, Tamil Nadu, with an annual production capacity of 18,000 MT. Krishca Strapping Solutions is known for its environmentally friendly production processes, including lead-free, heat-treated steel strapping with a wax coating for smoother machine operation.
The company employs advanced technology such as PLC controlled automatic production lines and automated heat treatment processes. Krishca Strapping Solutions is planning a public issue with the fresh issuance of up to 3,320,000 equity shares, aimed at expanding its market presence and production capabilities. This move positions the company to leverage its expertise in steel strapping manufacturing and distribution both domestically and potentially in international markets.