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.
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 Opening Date | 06 March 2024 |
| IPO Closing Date | 11 March 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 18,72,000 Shares Worth ₹42.49 Crore Fresh Issue: 18,72,000 Shares Worth ₹42.49 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹220 – ₹227 |
| Market Lot | 600 Shares |
| Min Order | 600 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Mas Services Limited |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Shree Karni Fabcom IPO – Date Schedule
| IPO Open Date | 06 March 2024 |
| IPO Close Date | 11 March 2024 |
| Basis of Allotment | 12 March 2024 |
| Initiation of Refund | 13 March 2024 |
| Credit of Shares to Demat Account | 13 March 2024 |
| IPO Listing Date | 14 March 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 11, 2024 |
Shree Karni Fabcom IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 600 | ₹1,36,200 |
| Retail (Maximum) | 1 | 600 | ₹1,36,200 |
| HNI (Minimum) | 2 | 1200 | ₹2,72,400 |
Competitive Strengths
- Specialized technical textile manufacturers with long standing market presence.
- Established track record.
- Existing client and supplier relationships.
- Quality Assurance and Quality Control of their products.
- Strategically located manufacturing facilities with modern infrastructure and integrated manufacturing facilities with a core focus on quality.
- Cost efficient sourcing and locational advantage.
- Well experienced management team with proven project management and implementation skills.
Company Promoters
- Manoj Kumar Karnani
- Radhe Shyam Daga
- Rajiv Lakhotia
- Raj Kumar Agarwal
Object Of The Issue
- Funding the capital expenditure setting up a dyeing unit in Navsari District, Surat, Gujarat;
- 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;
- Funding working capital requirements of the company; and
- General Corporate Purposes.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 32.89 | 31.21 | 1.53 | 14.51 |
| 31 March 2022 | 83.65 | 78.39 | 5.14 | 27.18 |
| 31 March 2023 | 127.04 | 118.53 | 5.55 | 36.58 |
| 30 November 2023 | 75.99 | 65.07 | 8.13 | 95.04 |
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 |
Shree Karni Fabcom IPO Promoter Holding
| Pre Issue Share Holding | 96.16% |
| Post Issue Share Holding | 70.07% |
Shree Karni Fabcom IPO Prospectus
- Shree Karni Fabcom IPO DRHP
- Shree Karni Fabcom IPO RHP
Company Contact Information
| Shree Karni Fabcom Limited 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 Website: http://www.skflindia.com/ |
Shree Karni Fabcom IPO Registrar
| Mas Services Limited Phone: (011) 2610 4142 Email: ipo@masserv.com Website: https://www.masserv.com/opt.asp |
Shree Karni Fabcom IPO Lead Manager(s)
| 1. Horizon Management Private Limited |
Shree Karni Fabcom IPO FAQs
| What is Shree Karni Fabcom IPO? Shree Karni Fabcom IPO is a SME IPO. The issue is priced at ₹220 – ₹227 per equity share. The IPO is to be listed on NSE SME. |
| When Shree Karni Fabcom IPO will open? The IPO is to open on 06 March 2024 for QIB – 50%, NII – 15% and Retail – 35% Investors. |
| How to Shree Karni Fabcom IPO? You can apply Shree Karni Fabcom 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 Shree Karni Fabcom IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Shree Karni Fabcom”. 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 Shree Karni Fabcom IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Shree Karni Fabcom”. 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 Shree Karni Fabcom IPO Size? Shree Karni Fabcom IPO size is ₹42.49 crores. |
| What is Shree Karni Fabcom IPO Price Band? Shree Karni Fabcom IPO Price Band is ₹220 – ₹227. |
| What is Shree Karni Fabcom IPO Minimum and Maximum Lot Size? The minimum bid is 600 Shares with ₹1,36,200 amount while the maximum bid is 600 shares with ₹1,36,200. |
| What is the Shree Karni Fabcom IPO Allotment Date? Shree Karni Fabcom IPO allotment date is 12 March 2024. |
| What is the Shree Karni Fabcom IPO Listing Date? Shree Karni Fabcom IPO listing date is 14 March 2024. The IPO is to list on NSE SME. |
