Shree Karni Fabcom Limited IPO

NSE SME

Listed On: Mar 14, 2024 at ₹ 260.0

₹ 136200 /600 Shares

Check Allotment

Shree Karni Fabcom Limited IPO Details

06 Mar, 2024

Open Date

11 Mar, 2024

Close Date

12 Mar, 2024

Allotment Date

14 Mar, 2024

Listing Date

Issue Price

₹200-227 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

NSE SME

Registrar

Mas Services Limited

List Price

260.0

Listing Date

2024-03-14

Market Lot

600 Shares (₹136,200/-)

Lead Manager

Horizon Management Private Limited

Issue Size

1,872,000 shares(aggregating up to ₹42.5 Cr)

Retail Portion

35%

Subscription

295.84 times

IPO Docs

DRHP RHP

The IPO of Shree Karni Fabcom Limited is priced at ₹200-227 per equity share, which has a face value of ₹10 Per Equity Share each. The company shall list its equity shares on NSE SME. Mas Services Limited is the registrar of the issue.

Shree Karni Fabcom Limited IPO bid opening date is from Mar 6, 2024 and the bid closing date was Mar 11, 2024.
Shree Karni Fabcom Limited IPO allotment result will be available on Mar 12, 2024. The tentative listing date for Shree Karni Fabcom Limited is Mar 14, 2024.

The total issue size is 1,872,000 shares(aggregating up to ₹42.5 Cr).

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

Total No. of Applications: 3,43,005 (Approx)

Shree Karni Fabcom Limited Valuations

EPS Pre IPO

₹10.68/-

EPS Post IPO

₹17.25/-

P/E Pre IPO

21.26

P/E Post IPO

13.16

ROE

42.56%

ROCE

11.34%

RoNW

42.56%

PAT Margin

10.75

Price to Book Value

6.17

Shree Karni Fabcom Limited Company Financials All values are in ₹ Lakh

	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 The 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)

Pre Issue Share Holding: 96.16%

Post Issue Share Holding: 70.07%

Company Promoter(s)

Manoj Kumar Karnani
Radhe Shyam Daga
Rajiv Lakhotia
Raj Kumar Agarwal

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.

Other Details

Company Contact Details

Shree Karni Fabcom Limited

Plot 188,189,190, Block No. 314, Rajhans Texpa Village Baleshvar, Taluka Palsana, Surat - 394 317

Phone: +91 262 235 0900

Email: shreekarni@skflindia.com

Website: http://www.skflindia.com/

Registrar Contact Details

Mas Services Limited

Phone: (011) 2610 4142

Email: ipo@masserv.com

Website: https://www.masserv.com/opt.asp

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. The size of Shree Karni Fabcom Limited IPO is 1,872,000 shares(aggregating up to ₹42.5 Cr).

Ans. The IPO price band is set between ₹200-227 per equity share.

Ans. To apply for Shree Karni Fabcom Limited IPO 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 allotment status for Shree Karni Fabcom Limited IPO here.