Shree Karni Fabcom Limited IPO is an NSE SME IPO. They are going to raise ₹42.49 Crores via IPO. The issue is priced at ₹220 to 227 per equity share. The IPO is to be listed on NSE.
Shree Karni Fabcom Limited IPO opens for subscription on March 06, 2024. and closes on March 11, 2024. The allotment for the Shree Karni Fabcom Limited IPO is expected to be finalized on March 12, 2024. Shree Karni Fabcom Limited IPO will list on NSE SME with tentative listing date fixed as Friday, March 14, 2024.
| IPO Details | allotment |
| Minimum Investment ₹136,200 /1 Lot (600 shares) | Price Range ₹220-₹227 | |
| Max Quantity 1 Lots/600 Shares | Max Investment ₹136,200 | Retail Discount ₹0 |
| Investor category and subcategory Individual- HNI & Retail | Issue Size 42.49 Cr | Employee Discount ₹0 |
| Total Issue Size 1,872,000 Shares (aggregating up to ₹42.49 Cr) | Share Holding Pree Issue 5,200,000 | Issue Type Book Built Issue IPO |
| Fresh Issue Share 1,872,000 Shares (aggregating up to ₹42.49 Cr) | Share Holding Post Issue 7,072,000 | Listing At NSE SME |
| Market Maker Portion 93,600 shares (MLB Stock Broking) | Face value ₹10 pr share. |
IPO Dates
| Offer Starts | 06 March 2024 |
| Offer Ends | 11 March 2024 |
| Allotment | 12 March 2024 |
| Refunds | 13 March 2024 |
| Credit of shares to Demat account | 13 March 2024 |
| IPO Listing | 14 March 2024 |
About Shree Karni Fabcom Limited
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.
Their product applications span a wide spectrum, including luggage, roofing, agriculture nets, vehicle covers, tents, armed forces fabric, sports kits, chairs, medical arch support, umbrellas, and raincoats. Their manufacturing unit is equipped with automated machines for manufacturing specialized technical textiles with installed capacity of 70,000 meters per day for weaving, 90,000 kilos per month for knitting, 50,000 meters per day for poly acrylic and polyurethane coating, 15,000 meters per day for PVC / 8,000 meters per day for EVA lamination and 40,000 meters per day heat embossing. They market and sell under their brand ‘SKFL’. They propose to utilize a portion of the Net Proceeds of this Issue towards setting up of dyeing facility and forward integration for manufacturing of bags at land already purchased in very close vicinity to our existing manufacturing setup.
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.
| Incorporated in | Managing Director |
| 2018 | Mr. |
Share Holding
| Share Holding Pre-Issue | 100.00% |
| Share Holding Post-Issue | 73.59% |
Shree Karni Fabcom Limited IPO Lot Size
The Shree Karni Fabcom Limited IPO minimum market lot is 600 shares with a ₹136,200 application amount.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 600 | ₹136,200 |
| Retail (Max) | 1 | 600 | ₹136,200 |
| HNI (Min) | 2 | 1,200 | ₹272,400 |
Shree Karni Fabcom Limited IPO Prospectus
| Shree Karni Fabcom Limited IPO Prospectus | |
| DRHP Draft Prospectus | Click Here |
| RHP Draft Prospectus | Click Here |
Financials
| Year | 2023 | 2022 | 2021 |
| Revenue | ₹12,704.05 | ₹8,365.18 | ₹3,289.86 |
| Assets | ₹9,864.25 | ₹5,911.11 | ₹2,743.05 |
| Profit | ₹555.25 | ₹514.84 | ₹153.48 |
| values are in ₹. Lakhs |
Fundamentals
Company’s key performance indicators
| Values | Values | ||
| Market cap | 160.53 Cr | ROE | 42.56% |
| P/E (X) | 21.26 | ROCE | 11.34% |
| POST P/E (X) | 13.16 | EPS | 10.68 |
| Debt to Equity | RONW | 42.56% |
Objects of the Issue
The Objects of the company is to raise funds for:
- 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.
Brokerage Firm IPO Review
- To be updated soon
| Shree Karni Fabcom Limited Contact Details | |
| Address | 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 |
| shreekarni@skflindia.com | |
| Website | http://www.skflindia.com/ |
| Shree Karni Fabcom Limited IPO Registrar | |
| . | Mas Services Limited |
| Phone | (011) 2610 4142 |
| ipo@masserv.com | |
| Website | https://www.masserv.com/opt.asp |
| Shree Karni Fabcom Limited IPO Allotment Status Check |
| Shree Karni Fabcom Limited IPO Allotment Status Check Click Here |
| Shree Karni Fabcom Limited Lead Managers | |
| Horizon Management Private Limited 19 R N Mukherjee Road, Main Building, 2nd Floor, Kolkata – 700 001, West Bengal, India | |
| Phone | +91 33 4600 0607 |
| smeipo@horizon.net.co | |
| Website | https://www.horizonmanagement.in |
Shree Karni Fabcom Limited IPO FAQs
What is Shree Karni Fabcom Limited IPO?
- Shree Karni Fabcom Limited IPO is an NSE SME IPO. They are going to raise ₹42.49 Crores via IPO. The issue is priced at ₹220 to ₹227 per equity share. The IPO is to be listed on NSE.
- The IPO opens on March 06, 2024. and closes on March 11, 2024.
When Shree Karni Fabcom Limited IPO will open?
- The IPO is to open on March 06, 2024. for QIB is, NII, and Retail Investors. and closes on March 11, 2024
What is Shree Karni Fabcom Limited IPO Investors Portion?
- The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
What is Shree Karni Fabcom Limited IPO Size?
- Shree Karni Fabcom Limited IPO size is ₹42.49 crores.
What is Shree Karni Fabcom Limited IPO Price Band?
- Shree Karni Fabcom Limited IPO Price Band is ₹220 to ₹227 per equity share.
What is Shree Karni Fabcom Limited IPO Minimum and Maximum Lot Size?
- The IPO bid is Minimum 1 Lot (600 Shares) with ₹136,200. and Maximum Lot Size 1 Lots (600 Shares) with ₹136,200
What is Shree Karni Fabcom Limited IPO Allotment Date?
- Shree Karni Fabcom Limited IPO allotment date is March 12, 2024.
What is Shree Karni Fabcom Limited IPO Listing Date?
- Shree Karni Fabcom Limited IPO listing date is March 14, 2024. The IPO to list on NSE.