Shree Karni Fabcom Ltd
Price Range
₹220 - ₹227
Min. Quantity
600
Closes on
11 March 2024
Min. investment
₹1,36,200/600 Shares
Shree Karni Fabcom Ltd IPO Timeline
Shree Karni Fabcom Ltd was originally formed as a Limited Liability Partnership under the name Shree Karni Fabcom LLP', dated March 7, 2018 issued by the Registrar of Companies, Gujarat at Ahmedabad. Subsequently, Shree Karni Fabcom LLP got converted into a Private Company under the name Shree Karni Fabcom Private Limited' and a Certificate of Incorporation dated April 11, 2023 was issued by the Registrar of Companies, Central Registration Centre. Then again, Company converted into a Public Company and the name of Company was changed to Shree Karni Fabcom Limited'. A fresh Certificate of Incorporation dated October 20, 2023 was issued by the Registrar of Companies, Gujarat at Ahmedabad.
| Event | Date |
|---|---|
| Shree Karni Fabcom Ltd IPO Opening Date | 6 March 2024 |
| Shree Karni Fabcom Ltd IPO Closing Date | 11 March 2024 |
| Basis of Allotment | 12 March 2024 |
| Initiation of Refunds | 13 March 2024 |
| Credit of Shares to Demat | 13 March 2024 |
| Shree Karni Fabcom Ltd IPO Listing Date | 14 March 2024 |
Shree Karni Fabcom Ltd IPO Details
| Shree Karni Fabcom Ltd IPO Date | 6 March 2024 to 11 March 2024 |
| Shree Karni Fabcom Ltd IPO Face Value | ₹10 per share |
| Shree Karni Fabcom Ltd IPO Price | ₹220 to ₹227 per share |
| Shree Karni Fabcom Ltd IPO Lot Size | 600 |
| Issue Size | Shares of ₹10 (aggregating up to ₹42.49 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹42.49 Cr) |
| Offer for Sale | - |
| Issue Type | Book Building - SME |
| Listing At | NSE - SME |
| QIB Shares Offered | - |
| Retail Shares Offered | - |
| NII (HNI) Shares Offered | - |
| Company Promoters | Manoj Kumar Karnani, Radhe Shyam Daga, Rajiv Lakhotua |
Shree Karni Fabcom Ltd IPO Lot Size
The Shree Karni Fabcom Ltd IPO lot size is 600 shares. A retail-individual investor can apply for up to 1 lots (600 shares or ₹1,36,200).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 600 | ₹1,36,200 |
| Maximum | 1 | 600 | ₹1,36,200 |
- Strengths
- Risks
- Opportunities
- Specialized technical textile manufacturers with long standing market presence.
- Established track record.
- Existing client and supplier relationships.
- Quality Assurance and Quality Control of its products.
- Strategically located manufacturing facilities with modern infrastructure and integrated manufacturing facilities with a core focus on quality.
- Cost efficient sourcing and locational advantage.
- Well experienced management team with proven project management and implementation skills.
Company Financials
Shree Karni Fabcom Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Funding the capital expenditure setting up a dyeing unit in Navsari Dist
- Funding the purchase of new machinery propsed to be installed at its new unit proposed to be set up for mfg bags in Palsana
- Funding working capital requirements of the company
- General corporate purposes
Shree Karni Fabcom Ltd IPO Promoter Holding
| Pre Issue Share Holding | 24.04% |
| Post Issue Share Holding | 17.68% |
Shree Karni Fabcom Ltd IPO Subscription Status (Bidding Detail)
The Shree Karni Fabcom Ltd IPO is subscribed 197.2897 times on 11 March 2024 05:00:00 PM. The public issue subscribed 0 times in the retail category, 0 times in the QIB category, and 0 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | - | - | - | - | 197.2897 |
Shree Karni Fabcom Ltd IPO Prospectus
Shree Karni Fabcom Ltd IPO Listing Date
| Listing Date | 14 March 2024 |
| BSE Script | 92620 |
| NSE Symbol | SHREEKARNI |
| Listing In | NSE - SME |
| ISIN | INE0S4Y01010 |
| IPO Price | ₹227 |
| Face Value | ₹10 |
Company Contact Information
Plot 188 189 190 Block # 314Rajhans Texpa Vill. Baleshvar,Surat-394317
Phone: +91 262 235 0900
Email: shreekarni@skflindia.com
Website: www.skflindia.com
Shree Karni Fabcom Ltd IPO Registrar
Shree Karni Fabcom Ltd IPO Lead Manager(s)
- Horizon Management Pvt Ltd
FAQ
What is the issue size of Shree Karni Fabcom Ltd IPO?
I have pre-applied for Shree Karni Fabcom Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.