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Shree Karni Fabcom IPO is a book built issue of Rs 42.49 crores. The issue is entirely a fresh issue of 18.72 lakh shares.
Shree Karni Fabcom IPO bidding started from March 6, 2024 and ended on March 11, 2024. The allotment for Shree Karni Fabcom IPO was finalized on Tuesday, March 12, 2024. The shares got listed on NSE SME on March 14, 2024.
Shree Karni Fabcom IPO price band is set at ₹220 to ₹227 per share. The minimum lot size for an application is 600 Shares. The minimum amount of investment required by retail investors is ₹136,200. The minimum lot size investment for HNI is 2 lots (1,200 shares) amounting to ₹272,400.
Horizon Management Private Limited is the book running lead manager of the Shree Karni Fabcom IPO, while Mas Services Limited is the registrar for the issue. The market maker for Shree Karni Fabcom IPO is MLB Stock Broking.
Refer to Shree Karni Fabcom IPO RHP for detailed information.
| IPO Date | March 6, 2024 to March 11, 2024 |
| Listing Date | March 14, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹220 to ₹227 per share |
| Lot Size | 600 Shares |
| Total Issue Size | 1,872,000 shares (aggregating up to ₹42.49 Cr) |
| Fresh Issue | 1,872,000 shares (aggregating up to ₹42.49 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 5,200,000 |
| Share holding post issue | 7,072,000 |
| Market Maker portion | 93,600 shares MLB Stock Broking |
Shree Karni Fabcom IPO offers 1,872,000 shares. 355,800 (19.01%) to QIB, 267,000 (14.26%) to NII, 622,800 (33.27%) to RII and 532,800 (28.46%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 532,800 (28.46%) |
| Market Maker Shares Offered | 93,600 (5.00%) |
| QIB Shares Offered | 355,800 (19.01%) |
| NII (HNI) Shares Offered | 267,000 (14.26%) |
| Retail Shares Offered | 622,800 (33.27%) |
| Total Shares Offered | 1,872,000 (100%) |
Shree Karni Fabcom IPO raises Rs 12.09 crore from anchor investors. Shree Karni Fabcom IPO Anchor bid date is March 5, 2024. Shree Karni Fabcom IPO Anchor Investors list
| Bid Date | March 5, 2024 |
| Shares Offered | 532,800 |
| Anchor Portion Size (In Cr.) | 12.09 |
| Anchor lock-in period end date for 50% shares (30 Days) | April 11, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | June 10, 2024 |
Shree Karni Fabcom IPO opens on March 6, 2024, and closes on March 11, 2024.
| IPO Open Date | Wednesday, March 6, 2024 |
| IPO Close Date | Monday, March 11, 2024 |
| Basis of Allotment | Tuesday, March 12, 2024 |
| Initiation of Refunds | Wednesday, March 13, 2024 |
| Credit of Shares to Demat | Wednesday, March 13, 2024 |
| Listing Date | Thursday, March 14, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 11, 2024 |
Investors can bid for a minimum of 600 shares and in multiples thereof. The below 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 | ₹136,200 |
| Retail (Max) | 1 | 600 | ₹136,200 |
| HNI (Min) | 2 | 1,200 | ₹272,400 |
| Lot Size Calculator | |||
The promoters of the company are Manoj Kumar Karnani, Radhe Shyam Daga, Rajiv Lakhotia and Raj Kumar Agarwal
| Share Holding Pre Issue | 96.16% |
| Share Holding Post Issue | 70.07% |
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.
The manufacturing unit has modern, highly automated machines that produce specialized technical textiles with installed capacities of 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, 2023 revenue was ₹3287.42 lakhs, ₹8357.36 lakhs, and ₹12694.65 lakhs respectively. Revenue grew at a CAGR of 56.89% during this period.
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.
As on November 30, 2023, the company has 39 employees in various departments.
Shree Karni Fabcom Limited's revenue increased by 51.87% and profit after tax (PAT) rose by 7.85% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Nov 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 14,124.38 | 9,864.25 | 5,911.11 | 2,743.05 |
| Revenue | 7,599.48 | 12,704.05 | 8,365.18 | 3,289.86 |
| Profit After Tax | 813.44 | 555.25 | 514.84 | 153.48 |
| Net Worth | 1,912.17 | 2,602.24 | 1,321.61 | 671.23 |
| Reserves and Surplus | 1,392.17 | 2,502.24 | 1,221.61 | 571.23 |
| Total Borrowing | 9,504.27 | 3,658.72 | 2,718.09 | 1,451.30 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Shree Karni Fabcom IPO is Rs 160.53 Cr.
KPI as of November 30, 2023.
| KPI | Values |
|---|---|
| ROE | 42.56% |
| ROCE | 11.34% |
| RoNW | 42.56% |
| P/BV | 6.17 |
| PAT Margin (%) | 10.75 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 10.68 | 17.25 |
| P/E (x) | 21.26 | 13.16 |
The Company proposes to utilize the Net Proceeds from the Issue towards the following objects:
1. Funding the capital expenditure setting up a dyeing unit in Navsari District, Surat, Gujarat;
2. 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;
3. Funding working capital requirements of the company; and
4. General Corporate Purposes.
[Dilip Davda] The company specializes in technical fibre and fabrics. It has also entered in to bags manufacturing and specialized fabrics that is used across various purposes and this trade is run on B2B model with many renowned customers. For the reported years, the company has posted growth in its top lines. While its bottom line posted pressure due to accounting adjustments for its expansion plans that are now fully ready to reap benefits and this is reflected in its current working for FY24 till November 30, 2023. The management is confident of maintaining this trend in coming years with addition of high margin products in its portfolio. Based on annualized super earnings of FY24, the issue appears reasonably priced. Investors may lap it up for the medium to long term rewards. Read detail review...
The Shree Karni Fabcom IPO is subscribed 296.43 times on March 11, 2024 6:21:00 PM. The public issue subscribed 330.45 times in the retail category, 112.94 times in the QIB category, and 461.58 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 112.94 |
| NII | 461.58 |
| Retail | 330.45 |
| Total | 296.43 |
Total Application : 343,005 (330.45 times)
| Listing Date | March 14, 2024 |
| BSE Script Code | |
| NSE Symbol | SHREEKARNI |
| ISIN | INE0S4Y01010 |
| Final Issue Price | ₹227 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹227.00 |
| ₹260.00 |
| ₹260.00 |
| ₹273.00 |
| ₹273.00 |
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/
Mas Services Limited
Phone: (011) 2610 4142
Email: ipo@masserv.com
Website: https://www.masserv.com/opt.asp
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Shree Karni Fabcom IPO is a SME IPO of 1,872,000 equity shares of the face value of ₹10 aggregating up to ₹42.49 Crores. The issue is priced at ₹220 to ₹227 per share. The minimum order quantity is 600 Shares.
The IPO opens on March 6, 2024, and closes on March 11, 2024.
Mas Services Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Shree Karni Fabcom IPO using UPI as a payment gateway. Zerodha customers can apply in Shree Karni Fabcom IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Shree Karni Fabcom IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Shree Karni Fabcom IPO opens on March 6, 2024 and closes on March 11, 2024.
Shree Karni Fabcom IPO lot size is 600 Shares, and the minimum amount required is ₹136,200.
You can apply in Shree Karni Fabcom IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Shree Karni Fabcom IPO will be done on Tuesday, March 12, 2024, and the allotted shares will be credited to your demat account by Wednesday, March 13, 2024. Check the Shree Karni Fabcom IPO allotment status.
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