IPO

Karnika Industries Limited IPO

NSE SME

Listed On: Oct 12, 2023 at ₹ 81.0

₹ 243200 /3200 Shares
*Min Investment

Check Allotment

29 Sep, 2023

Open Date

05 Oct, 2023

Close Date

09 Oct, 2023

Allotment Date

12 Oct, 2023

Listing Date
Karnika Industries Limited IPO Issue Details
  • Issue Price ₹76 per equity share
  • Face Value ₹10 Per Equity Share
  • Issue Price 3,299,200 shares(aggregating up to ₹25.07 Cr)
  • Listing at NSE SME
  • List Price 81.0
  • Listing Date 2023-10-12
  • Lead Manager Beeline Capital Advisors Pvt Ltd
  • Registrar Skyline Financial Services Private Ltd
Karnika Industries Limited IPO Details
  • Retail Portion 50%
Karnika Industries Limited IPO Documents
Karnika Industries Limited IPO Details


Karnika Industries Limited IPO is an SME IPO, priced at ₹76 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform.

The IPO bidding window is open from Sep 29, 2023 to Oct 5, 2023. The allotment is expected to be finalized on Oct 9, 2023, and the tentative listing date is Oct 12, 2023.


The registrar of the IPO is Skyline Financial Services Private Ltd, and

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Karnika Industries Limited IPO Subscription Analysis And Details
Retail
2.91x
Total
3.12x
As on QIB / NII Retail Total
Shares Offered / Reserved 1,566,400 1,566,400 3,132,800
Day 1 29-09-23 06:00 PM
0.10 x 0.16 x 0.13 x
Day 2 03-10-23 06:00 PM
0.03 x 0.46 x 0.25 x
Day 3 04-10-23 05:00 PM
0.56 x 0.90 x 0.73 x
Day 4 05-10-23 05:00 PM
3.32 x 2.91 x 3.12 x
Karnika Industries Limited Valuations
Earnings Per Share (EPS) ₹9.66/-
P/E Ratio 7.57
RoNW 45.76%
Net Asset Value (NAV) - Post Issue ₹N/A/-
Karnika Industries Limited Company Financials
In Lakhs
In Lakh
31-Mar-23 31-Mar-22 31-Mar-21
Assets 10,071.04 5,921.42 3,055.87
Revenue 12,605.62 9,892.52 4,779.31
Profit After Tax 826.74 454.01 81.61
About Karnika Industries Limited Company

Karnika Industries Limited, previously known as Karni International, manufactures and exports garments in India.

Karnika Industries manufactures all types of kids' wear i.e., shorts, joggers, capri, tees, rompers, sleepsuits, pajamas, winter wear, infant wear, etc. The company has well-established manufacturing units for designing, preparing the sample, quality inspection, ironing, and packing of Garments that are equipped with all the necessary hi-tech machines and tools that are required for a modern manufacturing unit.

The company sells its products under the brand KARNIKA and sub-categories as KARNIKA Care, KARNIKA Cool, KARNIKA Cube, KARNIKA Life, KARNIKA Key, KARNIKA Club.

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Karnika Industries Limited - Promoter(s)

Mr. Niranjan Mundhra

Mr. Shiv Shankar Mundhra

Mr. Mahesh Kumar Mundhr

Pre Issue Share Holding : 100%

Post Issue Share Holding : 73.39%

Karnika Industries Limited IPO - Issue Objectives
1

To Meet Working Capital Requirement.

2

General Corporate Purpose.

3

To Meet the Issue Expenses.