Shree Karni Fabcom IPO opens for subscription on March 6, 2024 and closes on March 11, 2024.
Shree Karni Fabcom IPO is a book built issue of 18.72 lakh shares. The issue is entirely a fresh issue of 18.72 lakh shares.The allotment for the Shree Karni Fabcom IPO is expected to be finalized on Tuesday, March 12, 2024. Shree Karni Fabcom IPO will list on NSE SME with tentative listing date fixed as Thursday, March 14, 2024.
Shree Karni Fabcom IPO price bands are yet to be announced.
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.
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.
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 IPO Details
| IPO Date | March 6, 2024 to March 11, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | [.] to [.] per share |
| Lot Size | |
| Total Issue Size | 1,872,000 shares (aggregating up to ₹[.] Cr) |
| Fresh Issue | 1,872,000 shares (aggregating up to ₹[.] 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 |
Shree Karni Fabcom IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Shree Karni Fabcom IPO Timeline (Tentative Schedule)
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 |
Shree Karni Fabcom Limited Financial Information (Restated Consolidated)
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 | ||||
Key Performance Indicator
KPI as of November 30, 2023.
| KPI | Values |
|---|---|
| ROE | 42.56% |
| ROCE | 11.34% |
| RoNW | 42.56% |
| PAT Margin (%) | 10.75 |
Shree Karni Fabcom Limited Contact Details
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
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