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16 Nov 2024
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.
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 IPO Timeline (Tentative Schedule)
| 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 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 IPO Reservation
| 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 Promoter Holding
| Shareholding Pre Issue | 96.16% |
| Shareholding Post Issue | 70.07% |
Shree Karni Fabcom IPO Anchor Investors Details
| 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 |
Company & Financials
The company was 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. SKFL outsources weaving, coating, sizing and embossing of specialized technical textile to its Subsidiary, IGK Technical Textile LLP. Its product applications span a wide spectrum, including luggage, roofing, agriculture net, vehicle covers, tents, armed forces fabric, sports kits, chairs, medical arch support, umbrellas, and raincoats.
Shree Karni Fabcom Limited Financial Information
| 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 | 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.
FAQs for Shree Karni Fabcom Limited IPO
-
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.
-
What Is The Price Band Of The Shree Karni Fabcom IPO?
The price band of the issue is INR 220-227 per share.
-
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.
-
What Is The Listing Date Of The Shree Karni Fabcom IPO?
The listing date of Shree Karni Fabcom’s IPO is Mach 14, 2024.
Shree Karni Fabcom IPO Subscription Status
Category
Subscription (times)
QIB
112.94
NII
461.58
Retail
330.45
Total
296.43
RHP:
RHP of Shree Karni Fabcom Limited IPO
DRHP:
DRHP of Shree Karni Fabcom Limited IPO
Anchor Investor Link:
Anchor Investor Link of Shree Karni Fabcom Limited IPO
-
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.
-
What Is The Price Band Of The Shree Karni Fabcom IPO?
The price band of the issue is INR 220-227 per share.
-
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.
-
What Is The Listing Date Of The Shree Karni Fabcom IPO?
The listing date of Shree Karni Fabcom’s IPO is Mach 14, 2024.
Shree Karni Fabcom IPO Subscription Status
| Category | Subscription (times) |
|---|---|
| QIB | 112.94 |
| NII | 461.58 |
| Retail | 330.45 |
| Total | 296.43 |
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