Karnika Industries Limited is an manufactures, trader and exporter of garments.
Karnika Industries manufactures all types of kids’ wear i.e., shorts, joggers, capri, tees, rompers, sleepsuits, pajamas, winter wear, infant wear, etc. The company has well-established manufacturing units for designing, preparing the sample, quality inspection, ironing, and packing of Garments that are equipped with all the necessary hi-tech machines and tools that are required for a modern manufacturing unit.
The company sells its products under the brand KARNIKA and sub-categories as KARNIKA Care, KARNIKA Cool, KARNIKA Cube, KARNIKA Life, KARNIKA Key, KARNIKA Club.
Karnika Industries IPO – Details
| IPO Opening Date | 29 September 2023 |
| IPO Closing Date | 05 October 2023 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 32,99,200 Shares Worth ₹25.07 Crore Fresh Issue: 32,99,200 Shares Worth ₹25.07 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹76 |
| Market Lot | 1600 Shares |
| Min Order | 1600 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Skyline Financial Services Private Ltd |
| Other Shares Offered | 50% |
| Retail Shares Offered | 50% |
Karnika Industries IPO – Date Schedule
| IPO Open Date | 29 September 2023 |
| IPO Close Date | 05 October 2023 |
| Basis of Allotment | 10 October 2023 |
| Initiation of Refund | 11 October 2023 |
| Credit of Shares to Demat Account | 12 October 2023 |
| IPO Listing Date | 13 October 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Oct 05, 2023 |
Karnika Industries IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 1600 | 1,21,600 |
| Retail (Maximum) | 1 | 1600 | 1,21,600 |
| HNI (Minimum) | 2 | 3200 | 2,43,200 |
Competitive Strengths
- Diversified Product Portfolio.
- Consistency in Quality and Service Standards.
- Cost effective production and timely fulfilment of orders.
- Scalable Business Model.
- Organizational stability along with management expertise.
- Existing client relationship.
- High level of customer satisfaction.
Company Promoters
- Mr. Niranjan Mundhra
- Mr. Shiv Shankar Mundhra
- Mr. Mahesh Kumar Mundhra
Object Of The Issue
- To Meet Working Capital Requirement.
- General Corporate Purposes.
- Public Issue Expenses.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 47.79 | 46.54 | 0.81 | 15.70 |
| 31 March 2022 | 98.92 | 91.75 | 4.54 | 22.24 |
| 31 March 2023 | 126.05 | 114.92 | 8.26 | 52.45 |
Key Performance Indicator
| KPI | Values |
|---|---|
| P/E (x) | 7.57 |
| EPS (Rs) | 9.66 |
| RoNW | 45.76 |
Karnika Industries IPO Promoter Holding
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding | 73.38% |
Karnika Industries IPO Prospectus
Company Contact Information
| Karnika Industries Limited 6&6/1, Gurgola Ghat Road P.O. Salkia Howrah – 711106 Phone: 033-26558101 Email: info@karnikaindustries.com Website: http://www.karnikaindustries.com/Default/Index |
Karnika Industries IPO Registrar
| Skyline Financial Services Private Ltd Phone: 02228511022 Email: ipo@skylinerta.com Website: https://www.skylinerta.com/ipo.php |
Karnika Industries IPO Lead Manager(s)
| 1. Beeline Capital Advisors Pvt Ltd |
Karnika Industries IPO FAQs
| What is Karnika Industries IPO? Karnika Industries IPO is a SME IPO. The issue is priced at ₹76 per equity share. The IPO is to be listed on NSE SME. |
| When Karnika Industries IPO will open? The IPO is to open on 29 September 2023 for Other – 50% and Retail – 50% Investors. |
| How to Karnika Industries IPO? You can apply Karnika Industries IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Karnika Industries IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Karnika Industries”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Karnika Industries IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Karnika Industries”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is Karnika Industries IPO Size? Karnika Industries IPO size is ₹25.07 crores. |
| What is Karnika Industries IPO Price Band? Karnika Industries IPO Price Band is ₹76. |
| What is Karnika Industries IPO Minimum and Maximum Lot Size? The minimum bid is 1600 Shares with ₹1,21,600 amount while the maximum bid is 1600 shares with ₹1,21,600. |
| What is the Karnika Industries IPO Allotment Date? Karnika Industries IPO allotment date is 10 October 2023. |
| What is the Karnika Industries IPO Listing Date? Karnika Industries IPO listing date is 13 October 2023. The IPO is to list on NSE SME. |
