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Shree Karni Fabcom IPO is a book build issue of ₹42.49 crores. The issue is entirely a fresh issue of 0.19 crore shares of ₹42.49 crore.
Shree Karni Fabcom IPO bidding started from Mar 6, 2024 and ended on Mar 11, 2024. The allotment for Shree Karni Fabcom IPO was finalized on Mar 12, 2024. The shares got listed on NSE SME on Mar 14, 2024.
Shree Karni Fabcom IPO price band is set at ₹227.00 per share . The lot size for an application is 600. The minimum amount of investment required by an retail is ₹1,32,000 (600 shares). The minimum lot size investment for HNI is 2 lots (1,200 shares), amounting to ₹2,72,400.
Horizon Management Pvt.Ltd. is the book running lead manager and MAS Services Ltd. is the registrar of the issue. The market maker of the company is MLB Stock Broking Pvt.Ltd..
Refer to Shree Karni Fabcom IPO RHP for detailed Information.
| IPO Date | March 6, 2024 to March 11, 2024 |
| Listing Date | March 14, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹220 to ₹227 per share |
| Issue Price Final | ₹227 per share |
| Lot Size | 600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 18,72,000 shares (aggregating up to ₹42.49 Cr) |
| Reserved for Market Maker | 93,600 shares MLB Stock Broking Pvt.Ltd. (aggregating up to ₹2.12 Cr) |
| Net Offered to Public | 17,78,400 shares (aggregating up to ₹40.37 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 52,00,000 shares |
| Share Holding Post Issue | 70,72,000 shares |
Shree Karni Fabcom IPO offers total 18,72,000 shares. Out of which 8,88,600 (47.47%) allocated to QIB, 3,55,800 (19.01%) allocated to QIB, 2,67,000 (14.26%) allocated to NII, 6,22,800 (33.27%) allocated to RII and 5,32,800 (28.46%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 93,600 (5.00%) |
| QIB Shares Offered | 8,88,600 (47.47%) |
| − Anchor Investor Shares Offered | 5,32,800 (28.46%) |
| − QIB (Ex. Anchor) Shares Offered | 3,55,800 (19.01%) |
| NII (HNI) Shares Offered | 2,67,000 (14.26%) |
| Retail Shares Offered | 6,22,800 (33.27%) |
| Total Shares Offered | 18,72,000 (100.00%) |
Shree Karni Fabcom IPO raises ₹12.09 crore from anchor investors. Shree Karni Fabcom IPO Anchor bid date is March 5, 2024. Shree Karni Fabcom IPO Anchor Investors list
| Bid Date | March 5, 2024 |
| Shares Offered | 5,32,800 |
| 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 |
Shree Karni Fabcom IPO opens on March 6, 2024, and closes on March 11, 2024.
| IPO Open Date | Wed, Mar 6, 2024 |
| IPO Close Date | Mon, Mar 11, 2024 |
| Tentative Allotment | Tue, Mar 12, 2024 |
| Initiation of Refunds | Wed, Mar 13, 2024 |
| Credit of Shares to Demat | Wed, Mar 13, 2024 |
| Tentative Listing Date | Thu, Mar 14, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Mar 11, 2024 |
Investors can bid for a minimum of 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 | 600 | ₹1,36,200 |
| Retail (Max) | 1 | 600 | ₹1,36,200 |
| HNI (Min) | 2 | 1,200 | ₹2,72,400 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
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.
Revenue from operations for 8 months ended Nov 30, 2023 was ₹7572.22 lakhs. Fiscals 2021, 2022, 2023 revenue was ₹3287.42 lakhs, ₹8357.36 lakhs, and ₹12694.65 lakhs respectively. Revenue grew at a CAGR of 56.89% during this period.
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 Limited's revenue increased by 51.87% and profit after tax (PAT) rose by 7.85% between the financial year ending with March 31, 2023 and March 31, 2022.
| 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 |
| Total Income | 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 | ||||
The market capitalization of Shree Karni Fabcom IPO is ₹160.53 Cr.
KPI as of Thu, Nov 30, 2023.
| KPI | Values |
|---|---|
| ROE | 42.56% |
| ROCE | 11.34% |
| RoNW | 42.56% |
| PAT Margin | 10.75% |
| Price to Book Value | 6.17 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 10.68 | 17.25 |
| P/E (x) | 21.26 | 13.16 |
The Company proposes to utilize the Net Proceeds from the Issue towards the following objects:
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; and
4. General Corporate Purposes.
[Dilip Davda] The company specializes in technical fibre and fabrics. It has also entered in to bags manufacturing and specialized fabrics that is used across various purposes and this trade is run on 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. Read detail review...
| Listing Date | March 14, 2024 |
| BSE Script Code | |
| NSE Symbol | SHREEKARNI |
| ISIN | INE0S4Y01010 |
| Final Issue Price | ₹227 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹227.00 |
| Open | ₹260.00 |
| Low | ₹260.00 |
| High | ₹273.00 |
| Last Trade | ₹273.00 |
Shree Karni Fabcom Ltd.
Plot 188,189,190, Block No. 314,
Rajhans Texpa Village Baleshvar
Taluka Palsana,
Surat, Gujarat, 394317
Phone: +91 262 235 0900
Email: shreekarni@skflindia.com
Website: http://www.skflindia.com/
MAS Services Ltd.
Phone: (011) 2610 4142
Email: ipo@masserv.com
Website: https://www.masserv.com/opt.asp
Shree Karni Fabcom IPO is a SME IPO of 18,72,000 equity shares of the face value of ₹10 aggregating up to ₹42.49 Crores. The issue is priced at ₹227 per share. The minimum order quantity is 600.
The IPO opens on March 6, 2024, and closes on March 11, 2024.
MAS Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Shree Karni Fabcom IPO using UPI as a payment gateway. Zerodha customers can apply in Shree Karni Fabcom IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Shree Karni Fabcom IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Shree Karni Fabcom IPO opens on March 6, 2024 and closes on March 11, 2024.
Shree Karni Fabcom IPO lot size is 600, and the minimum amount required for application is ₹1,36,200.
You can apply in Shree Karni Fabcom 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 Shree Karni Fabcom IPO will be done on Tuesday, March 12, 2024, and the allotted shares will be credited to your demat account by Wednesday, March 13, 2024. Check the Shree Karni Fabcom IPO allotment status.
The Shree Karni Fabcom IPO listing date is on Thursday, March 14, 2024.
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