Shree Karni Fabcom Limited IPO
- IPO Date06 Mar, 2024 to 11 Mar, 2024
- Listing Date14 Mar, 2024
- Face Value₹10 per share
- Issue Price₹220 to ₹227 per share
- Lot Size600 Shares
- Minimum Investment₹1,36,200
- Listing AtNSE SME
- Total Issue Size18,72,000 Shares
(aggregating up to ₹42.49 Cr) - Fresh Issue18,72,000 Shares
(aggregating up to ₹42.49 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue52,00,000
- Shareholding post issue70,72,000
IPO Dates
Closing Date
11 Mar, 2024
Initiation of Refunds
13 Mar, 2024
Listing Date
14 Mar, 2024
06 Mar, 2024
Opening Date
12 Mar, 2024
Basis of Allotment
13 Mar, 2024
Credit of Shares
Shree Karni Fabcom Limited Lot Size
Investors can bid for a minimum of 600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹1,36,200 |
| Retail (Max) | 1 | 600 | ₹1,36,200 |
| HNI (Min) | 2 | 1200 | ₹2,72,400 |
Shree Karni Fabcom Limited Promoter Holding
The promoters of the company are Manoj Kumar Karnani, Radhe Shyam Daga, Rajiv Lakhotia and Raj Kumar Agarwal
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 96.16% | 70.07% |
Shree Karni Fabcom Limited COMPANY INFORMATION
Shree Karni Fabcom IPO is a book built issue of Rs 42.49 crores. The issue is entirely a fresh issue of 18.72 lakh shares. Shree Karni Fabcom IPO bidding opened for subscription on March 6, 2024 and will close on March 11, 2024. The allotment for the Shree Karni Fabcom IPO is expected to be finalized on Tuesday, March 12, 2024. Shree Karni Fabcom IPO will list on NSE SME with tentative listing date fixed as Thursday, March 14, 2024. Shree Karni Fabcom IPO price band is set at ₹220 to ₹227 per share. The minimum lot size for an application is 600 Shares. The minimum amount of investment required by retail investors is ₹136,200. The minimum lot size investment for HNI is 2 lots (1,200 shares) amounting to ₹272,400. Horizon Management Private Limited is the book running lead manager of the Shree Karni Fabcom IPO, while Mas Services Limited is the registrar for the issue. The market maker for Shree Karni Fabcom IPO is MLB Stock Broking. Refer to Shree Karni Fabcom IPO RHP for detailed information.
Incorporated in March 2018, Shree Karni Fancom Limited produces customized knitted and woven fabrics for industries such as luggage, medical arch support, chairs, shoes, and apparel. They specialize in Woven Fabrics, Knitted Fabrics, Coated Fabrics, and 100% polyester, and source yarn, resin, acrylic, and coating chemicals to produce specialized technical textiles.
The manufacturing unit has modern, highly automated machines that produce specialized technical textiles with installed capacities of 70k meters/day for weaving, 90k kilos/month for knitting, 50k meters/day for coatings, 15k meters/day for PVC, 8k meters/day for EVA lamination, and 40k meters/day for heat embossing.
Revenue from operations for 8 months ended Nov 30, 2023 was ₹7572.22 lakhs. Fiscals 2021, 2022, 2023 revenue was ₹3287.42 lakhs, ₹8357.36 lakhs, and ₹12694.65 lakhs respectively. Revenue grew at a CAGR of 56.89% during this period.
The company has been awarded a certificate for their management system, ISO 9001:2015 by INTERTEK.
The company sells its products to various contract manufacturers of branded luggage and shoe manufacturers, traders, and others located in 13 states.
As on November 30, 2023, the company has 39 employees in various departments.
FAQs About Shree Karni Fabcom Limited Ipo
Shree Karni Fabcom Limited IPO will open on 06 Mar, 2024 and close on 11 Mar, 2024. Investors must apply within this period to participate.
The Shree Karni Fabcom Limited IPO price band is set between ₹220.00 and ₹227.00 per share. The minimum lot size is 600, requiring an investment of at least ₹136200.00.
The Shree Karni Fabcom Limited IPO shares are expected to be listed on 14 Mar, 2024, subject to regulatory approvals and final allotment.
You can track your Shree Karni Fabcom Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Shree Karni Fabcom Limited IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.