Shree Karni Fabcom Limited IPO (Shree Karni Fabcom IPO)

Shree Karni Fabcom Limited IPO
UpcomingShree Karni Fabcom IPO | New Shree Karni Fabcom IPO

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

Shree Karni Fabcom IPO – Details

IPO Opening Date06 March 2024
IPO Closing Date11 March 2024
Issue TypeBook Built Issue IPO
Issue Size18,72,000 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 Lot600 Shares
Min Order600 Shares (1 Lot)
Listing AtNSE SME
RegisterMas Services Limited
QIB Shares Offered50%
NII (HNI) Shares Offered15%
Retail Shares Offered35%

Shree Karni Fabcom IPO – Date Schedule

IPO Open Date06 March 2024
IPO Close Date11 March 2024
Basis of Allotment12 March 2024
Initiation of Refund13 March 2024
Credit of Shares to Demat Account13 March 2024
IPO Listing Date14 March 2024
Cut-off time for UPI mandate confirmation5 PM on March 11, 2024

Shree Karni Fabcom IPO – Lots Size & Price

ApplicationLotsSharesAmount ( Cut-Off)
Retail (Minimum)1600₹1,36,200
Retail (Maximum)1600₹1,36,200
HNI (Minimum)21200₹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.
Shree Karni Fabcom IPO
Object of the Issues

Company Financial

ParticularsTotal RevenueTotal ExpenseProfit After TaxTotal Borrowing
31 March 202132.8931.211.5314.51
31 March 202283.6578.395.1427.18
31 March 2023127.04118.535.5536.58
30 November 202375.9965.078.1395.04
Amount in ₹ Crore

Key Performance Indicator

PAT Margin (%)10.75
EPS (Rs)10.6817.25
P/E (x)21.2613.16

Shree Karni Fabcom IPO Promoter Holding

Pre Issue Share Holding96.16%
Post Issue Share Holding70.07%

Shree Karni Fabcom IPO Prospectus

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

Shree Karni Fabcom IPO Registrar

Mas Services Limited

Phone: (011) 2610 4142

Shree Karni Fabcom IPO Lead Manager(s)

1. Horizon Management Private Limited

Shree Karni Fabcom IPO FAQs

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.
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