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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.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Shree Karni Fabcom Limited IPO GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
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 | 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 Limited IPO Timeline
| Detail | Description |
|---|---|
| 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 |
Shree Karni Fabcom Limited IPO Lot Size
| 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 Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Shareholding Pre Issue | 96.16% |
| Shareholding Post Issue | 70.07% |
Competitive Strength:
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Shree Karni Fabcom Limited IPO Financial Information
| Period Ended | Assets | Total Income | Profit After Tax | Net Worth | Reserves and Surplus | 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 | ||||||||||||||||||||||||||||||||||||||||
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 |
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.
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Frequently Asked Questions (FAQs)
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What Is The Allotment Date Of The Shree Karni Fabcom Limited?
The allotment date of the Shree Karni Fabcom Limited IPO is March 12, 2024.
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What Is The Price Band Of The Shree Karni Fabcom IPO?
The price band of the issue is INR 220-227 per share.
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What Is The Size Of The Shree Karni Fabcom IPO?
Shree Karni Fabcom Limited’s IPO consists of a fresh issue of 18,72,000 shares aggregating to INR 42.49 crores. The company plans to utilize net proceeds to set up a dyeing unit, purchase new machinery for product expansion, and fund the working capital requirement.
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What Is The Listing Date Of The Shree Karni Fabcom IPO?
The listing date of Shree Karni Fabcom’s IPO is Mach 14, 2024.
