Shree Karni Fabcom, incorporated on March 7, 2018, is engaged in manufacturing technical textiles for industries such as luggage, medical arch support, chairs, shoes, and apparel.
| Bidding Dates |
|---|
| 06 Mar 2024 - 11 Mar 2024 |
| Subscription |
|---|
| 275.78x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,32,000 | 1 | 1 | 600 | 1.9 M | ₹220 - ₹227 | 70.7 % | ₹411.8 M - ₹424.9 M | RHP DOC |
Shree Karni Fabcom IPO SUBSCRIPTION STATUS
11 Mar '24Shree Karni Fabcom IPO overall subscription rate was 275.78 times the total available shares
Shree Karni Fabcom IPO retail subscription rate was 439.08 times in the retail segment
Shree Karni Fabcom IPO non-institutional investor subscription rate was 613.98 times in the non-institutional investor category
Shree Karni Fabcom IPO Qualified Institutional Bidder subscription rate was 60.01 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
11 Mar 2024 (Day 3) | 439.08x | 613.98x | 60.01x |
07 Mar 2024 (Day 2) | 112.76x | 50.71x | 0.38x |
06 Mar 2024 (Day 1) | 36.43x | 14.5x | 0.02x |
Shree Karni Fabcom FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| 8MFY24 | 81.3 | 757.2 | -84.9 | -167.4 | 19.0% |
| FY23 | 55.5 | 1,269.5 | -2.3 | -103.9 | 12.0% |
| FY22 | 51.5 | 835.7 | 4.1 | -106.2 | 9.9% |
| FY21 | 15.3 | 328.7 | 27.4 | 4.5 | 11.6% |
Shree Karni Fabcom IPO SUBSCRIPTION STATUS DETAILS
Shree Karni Fabcom had 1.9 M shares on offer
Shree Karni Fabcom IPO offer price was in the range ₹220 - ₹227
Shree Karni Fabcom IPO minimum Investment was ₹132000
Shree Karni Fabcom IPO issue size was ₹ 411.8 M - ₹ 424.9 M
Shree Karni Fabcom had a minimum lot size of 600 Shares per application
Shree Karni Fabcom NUMBER OF SHARES ON OFFER
Shree Karni Fabcom IPO IMPORTANT DATES
| Issue Open Date | 06 Mar 2024 |
| Issue close Date | 11 Mar 2024 |
| Allotment Date | 12 Mar 2024 |
| Refund Date | 13 Mar 2024 |
| Demat Account Credit Date | 13 Mar 2024 |
| Listing Date | 14 Mar 2024 |
| Listing on Exchange(s) | NSE |
| Shree Karni Fabcom Allotment Status | Exchange |
Shree Karni Fabcom IPO subscription opened on 06 Mar 2024, and closed on 11 Mar 2024
IPO allotment for Shree Karni Fabcom was finalized on Tuesday, 12 Mar 2024
IPO listing for Shree Karni Fabcom was on NSE on Thursday, 14 Mar 2024
Shree Karni Fabcom IPO LISTING GAINS
| Issue Price (adjusted) | 227.0 |
| Listing Open Price | 260.0 |
| Listing Close Price | 273.0 |
| Listing Gain% | 14.5% |
| Current Gain% | 71.0% |
Shree Karni Fabcom Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Shree Karni Fabcom Ltd. | 388.2 | 274.5 | 18.4 | -13.8 | 1.3 | 13.1 | 6.1 | 208.4 | 23 | 15.2 | 0.9 | 21.1 | -1.3 |
| KPR Mill Ltd. | 1076.7 | 36803.1 | 42.5 | 6.7 | 5.5 | 15.2 | 12.7 | 6784.3 | 5 | 866.5 | 6.3 | 25.4 | 6.3 |
| Vardhman Textiles Ltd. | 606.8 | 17563.9 | 20.7 | -43.8 | 1.7 | 7.1 | 5.4 | 10092.5 | -0.3 | 745.2 | -15.6 | 29.3 | -0.5 |
| Welspun Living Ltd. | 164.1 | 15738.7 | 77 | -1.1 | 1.7 | 4.2 | 2 | 9467.9 | -11.5 | 204.4 | -68 | 2.1 | -68 |
| Arvind Ltd. | 560.6 | 15249.2 | 36.8 | 2.2 | 1.6 | 10.2 | 4.7 | 9359.5 | 11.5 | 413.9 | 17.1 | 15.2 | 17.1 |
| Trident Ltd. | 25.2 | 12831.6 | 32.5 | -3.5 | 1.9 | 7.9 | 5 | 6775.2 | -3.9 | 377.1 | 2 | 0.8 | -9.4 |
Shree Karni Fabcom INFORMATION ON IPO ISSUE
About Shree Karni Fabcom
Shree Karni Fabcom, incorporated on March 7, 2018, is engaged in manufacturing technical textiles for industries such as luggage, medical arch support, chairs, shoes, and apparel.
Object of the Issue
- Funding a dyeing unit in Navsari district, Surat, Gujarat.
- Funding the purchase of new machinery proposed to be installed at the new unit for manufacturing bags in Palsana, Surat, Gujarat, with an intent to expand the product portfolio.
- Funding working capital requirements of the company.
- General corporate purposes.
Shree Karni Fabcom - PROMOTERS
| Name |
|---|
| Manoj Kumar Karnani |
| Radhe Shyam Daga |
| Rajiv Lakhotia |
| Raj Kumar Agarwal |
Shree Karni Fabcom Lead Manager of the Issue
Horizon Management Private Limited
smeipo@horizon.net.co
Shree Karni Fabcom Registrar to the issue
MAS Services Limited
info@masserv.com
Shree Karni Fabcom Strengths
Leading specialized textile manufacturers
The company has emerged as a pioneering force in the specialized technical textile sector. Its sustained market presence has facilitated nationwide expansion and positioned it as a reliable partner for contract manufacturers and traders
Quality assurance
Through the continuous efforts and expertise of the quality assurance and quality check team, the company has been awarded the ISO 9001:2015 certificate by INTERTEK. This certification is a globally recognized, independent mark of quality for semi-finished and finished textile products
Diversified product portfolio
Presently, the company offers a range of quality products used in the manufacturing of luggage, roofing, agricultural nets, vehicle covers, housing and tents, armed forces fabric, sports kits, chairs, medical arch supports, umbrellas, and raincoats, among others
Shree Karni Fabcom Risks
Limited operating history
The company has a very limited operating history in dyeing operations, making it difficult for investors to evaluate its historical performance or future prospects
Dependent on few customers
The company depends on a few customers for a significant portion of its revenue. Any decrease in revenues or sales from any one of these key customers may adversely affect the business and results of operations
Outstanding litigations
There are outstanding litigations involving the company which, if determined adversely, may negatively impact the business and financial condition
IPO FAQs
The promoters of the company are Manoj Kumar Karnani, Radhe Shyam Daga, Rajiv Lakhotia and Raj Kumar Agarwal.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 220.0 - 227.0.
The IPO application opens on Mar 06, 2024 and closes on Mar 11, 2024.
The minimum lot size for the IPO is 600. The maximum lot size for the IPO is 600.
For all category investors, the minimum application amount for this IPO is Rs. 132,000.0, the maximum value for this IPO is Rs 136,200.0.
This IPO will be allotted on Mar 12, 2024.
The refund will be credited to your account on Mar 13, 2024.
The allotted shares will be credited to your demat on Mar 13, 2024.
Shree Karni Fabcom Ltd.’s shares listed on the stock exchanges on Mar 14, 2024.