Bookbuilding IPO | ₹42 Cr | Listed at NSE SME | Wed, Mar 6, 2024 - Mon, Mar 11, 2024
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 per share. The lot size for an application is 600. The minimum amount of investment required by an retail is ₹1,36,200 (600 shares) (based on upper price). The minimum lot size for investment in 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 Open
Wed, Mar 6, 2024
IPO Close
Mon, Mar 11, 2024
Issue Price
₹227 per share
Market Cap (Pre-IPO)
₹160.53 Cr
| IPO Date | 6 to 11 Mar, 2024 |
| Listed on | Thu, Mar 14, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹220 to ₹227 |
| Issue Price | ₹227 per share |
| Lot Size | 600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 18,72,000 shares (agg. up to ₹42 Cr) |
| Reserved for Market Maker | 93,600 shares MLB Stock Broking Pvt.Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 17,78,400 shares (agg. up to ₹40 Cr) |
| Net Offered to Public | 17,78,400 shares (agg. up to ₹40 Cr) |
| Share Holding Pre Issue | 52,00,000 shares |
| Share Holding Post Issue | 70,72,000 shares |
| NSE Symbol | SHREEKARNI |
| ISIN | INE0S4Y01010 |
Shree Karni Fabcom IPO comprises a total issue size of 18,72,000 shares. The net offer to the public is 17,78,400 shares, after excluding 93,600 shares allotted on a firm basis. Of the Net offer 8,88,600 (49.97%) are allocated to QIB, 2,67,000 (15.01%) allocated to NII 6,22,800 (35.02%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 8,88,600 | 49.97% | 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 | 15.01% | 14.26% |
| Retail Shares Offered | 6,22,800 | 35.02% | 33.27% |
| Firm Reservations | |||
| Market Maker Shares Offered | 93,600 | 5.00% | |
| Total Shares Offered | 18,72,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 600 shares and in multiples thereof.
| 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 |
Shree Karni Fabcom IPO raises ₹12.09 crore from anchor investors. Shree Karni Fabcom IPO Anchor bid date is March 5, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Mar 5, 2024 |
| Shares Offered | 5,32,800 |
| Anchor Portion (₹ Cr.) | 12.09 |
| Anchor lock-in period end date for 50% shares (30 Days) | Thu, Apr 11, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Mon, Jun 10, 2024 |
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.
| Period Ended | 30 Nov 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 141.24 | 98.64 | 59.11 | 27.43 |
| Total Income | 75.99 | 127.04 | 83.65 | 32.90 |
| Profit After Tax | 8.13 | 5.55 | 5.15 | 1.53 |
| NET Worth | 19.12 | 26.02 | 13.22 | 6.71 |
| Reserves and Surplus | 13.92 | 25.02 | 12.22 | 5.71 |
| Total Borrowing | 95.04 | 36.59 | 27.18 | 14.51 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding the capital expenditure setting up a dyeing unit in Navsari District, Surat, Gujarat | 30.70 |
| 2 | Funding the purchase of new machinery proposed to be installed at our new unit proposed to be set up for manufacturing bags in Palsana, Surat, Gujarat, with an intent to expand our product portfolio | 1.87 |
| 3 | Funding working capital requirements of our Company | 5.00 |
| 4 | General Corporate Purposes | 3.50 |
| KPI | Nov 30, 2023 |
|---|---|
| ROE | 42.56% |
| ROCE | 11.34% |
| RoNW | 42.56% |
| PAT Margin | 10.75% |
| Price to Book Value | 6.17 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 10.68 | 17.25 |
| P/E (x) | 21.26 | 13.16 |
| Promoter Holding | 96.16% | 70.07% |
| Market Cap | ₹160.53 Cr. |
The Shree Karni Fabcom IPO is subscribed 296.43 times on March 11, 2024 6:21:00 PM (Day 3). The public issue subscribed 330.45 times in the retail category, 112.94 times in the QIB category, and 461.58 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 112.94 | 3,55,800 | 4,01,83,800 |
| NII* | 461.58 | 2,67,000 | 12,32,41,800 |
| Retail | 330.45 | 6,22,800 | 20,58,03,000 |
| Total | 296.43 | 12,45,600 | 36,92,28,600 |
Total Application : 3,43,005
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue management fees including fees and reimbursements of Market Making fees and payment to other Intermediaries such as Legal Advisors to the IPO, Registrars and other out of pocket expenses. | 0.77 |
| 2 | Marketing and Selling Commission and expenses | 0.41 |
| 3 | Advertising and marketing expenses | 0.06 |
| 4 | Printing and distribution of issue stationery | 0.02 |
| 5 | Listing fees | 0.01 |
| 6 | SEBI and NSE processing fees | 0.01 |
| 7 | Book Building software fees | 0.04 |
| 8 | Other regulatory expenses | 0.11 |
| 9 | Miscellaneous | 0.01 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹227.00 |
| Open | ₹260.00 |
| Low | ₹260.00 |
| High | ₹273.00 |
| Last Trade | ₹273.00 |
Lead Manager Reports
Shree Karni Fabcom IPO is a SME IPO of 18,72,000 equity shares of the face value of ₹10 aggregating up to ₹42 Crores. The issue is priced at ₹227 per share. The minimum order quantity is 600.
The IPO opens on Wed, Mar 6, 2024, and closes on Mon, Mar 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 Wed, Mar 6, 2024 and closes on Mon, Mar 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 Wed, Mar 13, 2024. Check the Shree Karni Fabcom IPO allotment status.
The Shree Karni Fabcom IPO listing date is on Thu, Mar 14, 2024.
