Shree Karni Fabcom Limited IPO Details
| Detail | Description |
|---|---|
| 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 | 18,72,000 shares (aggregating up to ₹ 42.49 Cr) |
| Fresh Issue | 18,72,000 shares (aggregating up to ₹ 42.49 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 52,00,000 |
| Share holding post issue | 70,72,000 |
| Market Maker portion | 93,600 shares MLB Stock Broking |
About Shree Karni Fabcom Limited IPO
Shree Karni Fabcom Ltd is a trailblazer in technical textiles, leads India’s textile evolution, specializing in top-tier fabrics for the luggage industry. With an expansive manufacturing facility in Surat and a dynamic management team, they prioritize quality and competitive pricing to exceed industry standards globally. Their remarkable growth is fueled by deep domain expertise, innovation, and an unwavering commitment to excellence in quality and customer service. As an ISO 9001:2015 certified pioneer, they continue to innovate, investing in cutting-edge technology and their dedicated team to produce high-quality specialty fabrics at competitive prices with timely deliveries.
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 price band is set at ₹220 to ₹227 per share. The minimum lot size for an application is 600 Shares. 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.
Objectives of Shree Karni Fabcom IPO
The Company proposes to utilize the Net Proceeds from the Issue towards the following objectives:
- 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.
- 4. General Corporate Purposes.
Shree Karni Fabcom IPO Review
The company specializes in technical fiber and fabrics. It has also entered into bag manufacturing and specialized fabrics that are used across various purposes and this trade is run on a 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.
Shree Karni Fabcom Limited IPO Financial Information
Latest Revenue
7,599.48
₹ Crore
Profit After Tax
813.44
₹ Crore
Net Worth
1,912.17
₹ Crore
Total Borrowing
9,504.27
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 30 Nov 2023 | 14,124.38 | 7,599.48 | 813.44 | 1,912.17 | 9,504.27 | ||||
| 31 Mar 2023 | 9,864.25 | 12,704.05 | 555.25 | 2,602.24 | 3,658.72 | ||||
| 31 Mar 2022 | 5,911.11 | 8,365.18 | 514.84 | 1,321.61 | 2,718.09 | ||||
| 31 Mar 2021 | 2,743.05 | 3,289.86 | 153.48 | 671.23 | 1,451.30 | ||||
| Amount in ₹ Crore | |||||||||
Shree Karni Fabcom Limited Key Performance Indicator
| 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 |
Frequently Asked Questions
Recommended Advisory Services
Ready to take your company public? Explore our specialized IPO advisory services tailored for Indian enterprises.
The India IPO Publication is managed by an editorial team that includes highly experienced finance journalists, market researchers and professionals from the capital markets industry who strive to create high-quality content based on credible sources. Our editors write about IPOs, capital markets, corporate news, capital-raising strategies, regulations and other business matters to ensure our audience stays updated with the latest information. We conduct detailed research and fact-check all information before publishing any content to ensure credibility.
Competitive Strengths
Download regulatory filings
Shree Karni Fabcom Limited IPO Timeline
| 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 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹136,200 |
| Retail (Max) | 1 | 600 | ₹136,200 |
| HNI (Min) | 2 | 1,200 | ₹272,400 |