Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
Karnika Industries IPO is a fixed price issue of ₹25.07 crores. The issue is entirely a fresh issue of 0.33 crore shares of ₹25.07 crore.
Karnika Industries IPO bidding started from Sep 29, 2023 and ended on Oct 5, 2023. The allotment for Karnika Industries IPO was finalized on Oct 10, 2023. The shares got listed on NSE SME on Oct 12, 2023.
Karnika Industries IPO price is ₹76.00 per share . The lot size for an application is 1,600. The minimum amount of investment required by an individual investor (retail) is ₹1,21,600 (1600 shares). The minimum lot size investment for HNI is 2 lots (3,200 shares), amounting to ₹2,43,200.
Beeline Capital Advisors Pvt.Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Spread X Securities Pvt.Ltd..
Refer to Karnika Industries IPO RHP for detailed Information.
| IPO Date | September 29, 2023 to October 5, 2023 |
| Listing Date | October 12, 2023 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹76 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 32,99,200 shares (aggregating up to ₹25.07 Cr) |
| Reserved for Market Maker | 1,66,400 shares Spread X Securities Pvt.Ltd. (aggregating up to ₹1.26 Cr) |
| Net Offered to Public | 31,32,800 shares (aggregating up to ₹23.81 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 91,00,300 shares |
| Share Holding Post Issue | 1,23,99,500 shares |
Karnika Industries IPO offers total 32,99,200 shares. Out of which 15,66,400 (47.48%) allocated to NII, 15,66,400 (47.48%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,66,400 (5.04%) |
| NII (HNI) Shares Offered | 15,66,400 (47.48%) |
| Retail Shares Offered | 15,66,400 (47.48%) |
| Total Shares Offered | 32,99,200 (100.00%) |
Karnika Industries IPO opens on September 29, 2023, and closes on October 5, 2023.
| IPO Open Date | Fri, Sep 29, 2023 |
| IPO Close Date | Thu, Oct 5, 2023 |
| Tentative Allotment | Tue, Oct 10, 2023 |
| Initiation of Refunds | Wed, Oct 11, 2023 |
| Credit of Shares to Demat | Thu, Oct 12, 2023 |
| Tentative Listing Date | Thu, Oct 12, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Oct 5, 2023 |
Investors can bid for a minimum of 1,600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹1,21,600 |
| Retail (Max) | 1 | 1,600 | ₹1,21,600 |
| HNI (Min) | 2 | 3,200 | ₹2,43,200 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2017, Karnika Industries Limited, previously known as Karni International, manufactures and exports garments in India.
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.
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 3,055.87 | 5,921.42 | 10,071.04 |
| Total Income | 4,779.31 | 9,892.52 | 12,605.62 |
| Profit After Tax | 81.61 | 454.01 | 826.74 |
| Net Worth | 378.14 | 1,860.88 | 1,806.83 |
| Reserves and Surplus | 896.80 | ||
| Total Borrowing | 1,570.94 | 2,224.13 | 5,245.53 |
The market capitalization of Karnika Industries IPO is ₹94.24 Cr.
| KPI | Values |
|---|---|
| Debt/Equity | 2.90 |
| RoNW | 45.76% |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
[Dilip Davda] The company is engaged in the trading and marketing of kids' wear that is procured on a job-work basis from a third party. It marked growth in its top lines, but the bottom got boosted for FY22 and FY23, which raised eyebrows. Based on FY23 earnings, the issue appears fully priced. Well-informed investors may park funds for long-term rewards. Read detail review...
| Listing Date | October 12, 2023 |
| BSE Script Code | |
| NSE Symbol | KARNIKA |
| ISIN | INE0MGA01012 |
| Final Issue Price | ₹76 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹76.00 |
| Open | ₹81.00 |
| Low | ₹81.00 |
| High | ₹85.05 |
| Last Trade | ₹82.60 |
Karnika Industries Ltd.
6&6/1,
Gurgola Ghat,
Road P.O. Salkia
Howrah, West Bengal, 711106
Phone: 033-26558101
Email: info@karnikaindustries.com
Website: http://www.karnikaindustries.com/Default/Index
Skyline Financial Services Pvt.Ltd.
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Karnika Industries IPO is a SME IPO of 32,99,200 equity shares of the face value of ₹10 aggregating up to ₹25.07 Crores. The issue is priced at ₹76 per share. The minimum order quantity is 1600.
The IPO opens on September 29, 2023, and closes on October 5, 2023.
Skyline Financial Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Karnika Industries IPO using UPI as a payment gateway. Zerodha customers can apply in Karnika Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Karnika Industries IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Karnika Industries IPO opens on September 29, 2023 and closes on October 5, 2023.
Karnika Industries IPO lot size is 1600, and the minimum amount required for application is ₹1,21,600.
You can apply in Karnika Industries IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Karnika Industries IPO will be done on Tuesday, October 10, 2023, and the allotted shares will be credited to your demat account by Thursday, October 12, 2023. Check the Karnika Industries IPO allotment status.
The Karnika Industries IPO listing date is on Thursday, October 12, 2023.
Useful Articles
RHP