Shree Karni Fabcom Limited IPO
NSE SMEListed On: Mar 14, 2024 at ₹ 260.0
₹ 272400 /1200 Shares
*Min Investment
06 Mar, 2024
Open Date11 Mar, 2024
Close Date12 Mar, 2024
Allotment Date14 Mar, 2024
Listing DateShree Karni Fabcom Limited IPO Issue Details
- Issue Price ₹200-227 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 18,72,000 shares(aggregating up to ₹42.49 crore)
- Fresh Share 18,72,000 shares(aggregating up to ₹42.49 crore)
- Listing at NSE SME
- List Price 260.0
- Listing Date 2024-03-14
- Lead Manager Horizon Management Private Limited
- Registrar Mas Services Limited
Market Lot Size
Investors can bid for a minimum of 600 shares and in multiples thereof. The following 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 |
| NII (min) | 2 | 1,200 | ₹2,72,400 |
Shree Karni Fabcom Limited IPO Reservation
Shree Karni Fabcom Limited IPO offers total 18,72,000 shares. Out of which 3,55,800 (19.01%) allocated to QIB, 2,67,000 (14.26%) allocated to NII,6,22,800 (33.27%) allocated to RII, NA (NA%) allocated to employees and 5,32,800 (28.46%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 5,32,800 (28.46%) | |
| Market Maker Shares Offered | 93,600 (5%) | |
| QIB Shares Offered | 3,55,800 (19.01%) | |
| NII (HNI) Shares Offered | 2,67,000 (14.26%) | |
| Retail Shares Offered | 6,22,800 (33.27%) | |
| Total Shares Offered | 18,72,000 (100%) |
Shree Karni Fabcom Limited IPO Details
Shree Karni Fabcom Limited IPO is an SME IPO, priced at ₹200-227 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 comprises a total issue of 18,72,000 equity shares, aggregating up to ₹42.49 crores..
The IPO bidding window is open from Mar 6, 2024 to Mar 11, 2024. The allotment is expected to be finalized on Mar 12, 2024, and the tentative listing date is Mar 14, 2024.
The minimum lot size for Retail investors is 600 shares, with a minimum investment of ₹1,36,200. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,72,400.
Horizon Management Private Limited is acting as the lead manager to the issue. The registrar of the IPO is Mas Services Limited, and MLB Stock Broking Private Limited will act as the market maker for this issue.
Shree Karni Fabcom Limited IPO Subscription Analysis And Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 355,800 / 267,000 | 622,800 | 1,245,600 |
Day 1 06-03-24 06:00 PM | 0.04 / 11.26 x | 29.88 x | 17.37 x |
Day 2 07-03-24 06:00 PM | 0.71 / 37.93 x | 86.24 x | 51.45 x |
Day 3 11-03-24 06:00 PM | 1122.94 / 461.72 x | 329.21 x | 295.84 x |
Shree Karni Fabcom Limited Valuations
Shree Karni Fabcom Limited Company Financials
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
|---|---|---|---|
| Assets | 9,864.25 | 5,911.11 | 2,743.05 |
| Revenue | 12,704.05 | 8,365.18 | 3,289.86 |
| Profit After Tax | 555.25 | 514.84 | 153.48 |
| Net Worth | 2,602.24 | 1,321.61 | 671.23 |
| Reserves & Surplus | 2,502.24 | 1,221.61 | 571.23 |
| Total Borrowing | 3,658.72 | 2,718.09 | 1,451.30 |
About Shree Karni Fabcom Limited Company
Shree Karni Fancom Limited was incorporated in March 2018. Their products include customized knitted and woven fabrics for industries related to luggage, medical arch support, chairs, shoes, and clothes. They specialise in producing Woven Fabrics, Knitted Fabrics, Coated Fabrics, and 100% Polyester. The companies source yarn, resin, acrylic and coating chemicals used in the technical textiles.
The manufacturing unit is equipped with state-of-the-art, highly automated machines that manufacture specialized technical textiles. Installed capacities are 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, and 2023 revenue were ₹3287.42 lakhs, ₹8357.36 lakhs and ₹12694.65 lakhs, respectively. During the same period, the revenue has shown a CAGR of 56.89%.
INTERTEK has given the certificate for management system ISO 9001:2015.
It sells its products to different contract manufacturers of branded luggage and shoe manufacturers, traders, and others situated in 13 states.
The company as of November 30, 2023 has 39 employees distributed across various departments.
Shree Karni Fabcom Limited - Promoter(s)
Manoj Kumar Karnani
Radhe Shyam Daga
Rajiv Lakhotia
Raj Kumar Agarwal
Pre Issue Share Holding : 96.16%
Post Issue Share Holding : 70.07%
Shree Karni Fabcom Limited IPO - Issue Objectives
Funding the capital expenditure setting up a dyeing unit in Navsari District, Surat, Gujarat
Funding the purchase of new machinery proposed to be installed at the new unit proposed to be set up for manufacturing bags in Palsana, Surat, Gujarat, with an intent to expand the product portfolio
Funding working capital requirements of the company
General Corporate Purposes.
Shree Karni Fabcom Limited IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Shree Karni Fabcom Limited | 23.8 | 23.8 | 260.22 | N/A | 21.34 | N/A | Consolidated |
| Nobletex Industries Limited | 19.17 | 19.17 | 88.94 | N/A | 24.16 | N/A | Standalone |
Notes:
- P/E Ratio cannot be computed as the peer company is an unlisted company.
- Return on Net Worth (%) = Profit for the year ended March 31, 2023, divided by Total Equity of the Company as on March 31, 2023.
- NAV is computed as the Total Equity of the Company as on March 31, 2023, divided by the outstanding number of equity shares as on March 31, 2023.
- Market capitalization to revenue from operations cannot be computed as the peer company is an unlisted company.
Contact Details
Shree Karni Fabcom Limited
Plot 188,189,190, Block No. 314, Rajhans Texpa Village Baleshvar, Taluka Palsana, Surat - 394 317
+91 262 235 0900
Registrar Contact Details
Shree Karni Fabcom Limited IPO - FAQs
Ans. Shree Karni Fabcom Limited IPO is a SME IPO. The issue is priced at ₹200-227 per equity share. The minimum order quantity is 600 Shares. The IPO opens on Mar 6, 2024, and closes on Mar 11, 2024. Mas Services Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The Shree Karni Fabcom Limited IPO opens on Mar 6, 2024 and closes on Mar 11, 2024.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Shree Karni Fabcom Limited IPO is 1,872,000 shares(aggregating up to ₹42.5 Cr).
Ans. The Shree Karni Fabcom Limited IPO price band is set between ₹200-227 per equity share.
Ans. To apply for Shree Karni Fabcom Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Shree Karni Fabcom Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Shree Karni Fabcom Limited IPO is Mar 12, 2024.
Ans. The Shree Karni Fabcom Limited IPO will be listed on Mar 14, 2024.
Ans. Follow the steps to check the Shree Karni Fabcom Limited IPO allotment status online.
