Karnika Industries IPO Details: The scheduled date for Karnika Industries IPO has been confirmed. The IPO is set to enter the market on September 29th and conclude on October 4th. The company aims to gather approximately ₹25.07 crores through this IPO. This sum includes a fresh issue of ₹25.07 crores via 3299200 shares, each valued at ₹10. The retail quota is 50% and HNI is 50%.
What is Karnika Industries IPO?
Karnika Industries is a leading manufacturer, trader, and exporter of garments, certified with ISO 14001:2015. They specialize in kids’ wear, including shorts, joggers, capris, tees, rompers, sleepsuits, pajamas, winter wear, and infant wear.
Karnika Industries has well-established manufacturing units for designing, sample preparation, quality inspection, ironing, and packaging of garments. Their units are equipped with all the necessary high-tech machines and tools, operated by a highly experienced team of professionals.
Karnika Industries manufactures most of its products through job work, which enables them to undertake bulk requirements of clients and deliver within the stipulated schedule.
In short, Karnika Industries is a reliable and efficient one-stop-shop for all your kids’ garment needs.
The company is planning to raise ₹25.07 crores through its IPO, which is open from September 29 to October 4, 2023. The IPO price band is fixed at ₹76 per share. The minimum lot size for an application is 1600 shares.
The company plans to use the proceeds of the IPO to fund its expansion plans, including setting up a new manufacturing unit and increasing its working capital.
Objectives of Karnika Industries IPO
The objectives of the Karnika Industries IPO are as follows:
- To fund the company’s expansion plans, including setting up a new manufacturing unit for precision engineering components and assemblies.
- To increase the company’s working capital to meet the growing demand for its products.
- To improve the company’s brand awareness and visibility.
- To provide an exit opportunity to existing investors.
Karnika Industries IPO Date & Price Band Details
| IPO Open: | September 29, 2023 |
| IPO Close: | October 4, 2023 |
| IPO Size: | Approx ₹25.07 Crores, 3,299,200 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹76 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 50% of the net offer |
| QIB Quota: | – |
| NII Quota: | 50% of the net offer |
| DRHP Draft Prospectus: | Click Here |
Karnika Industries IPO Market Lot
The Karnika Industries IPO minimum market lot is 1600 shares with a ₹121,600 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1600 | ₹121,600 |
| Retail Maximum | 1 | 1600 | ₹121,600 |
| S-HNI Minimum | 2 | 3200 | ₹243,200 |
Karnika Industries IPO Dates
The Karnika Industries IPO date is September 29 and the IPO close date is October 4. The IPO allotment date is October 9 and the IPO might list on October 12.
| IPO Open Date: | September 2, 2023 |
| IPO Close Date: | October 4, 2023 |
| Basis of Allotment: | October 9, 2023 |
| Refunds: | October 10, 2023 |
| Credit to Demat Account: | October 11, 2023 |
| IPO Listing Date: | October 12, 2023 |
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Karnika Industries IPO Subscription Status
For the latest update on the Karnika Industries IPO, you can check this dedicated page for IPO subscription status.
Karnika Industries IPO Allotment Status
For the latest update on the Karnika Industries IPO, you can check this dedicated page for IPO allotment status.
Karnika Industries IPO Forms
For IPO form for the Karnika Industries IPO, you can check this dedicated page for IPO Forms.
Karnika Industries Company Financials
According to the Karnika Industries IPO prospectus, the company’s financials for the past three years are as follows:
| Financial Year | Revenue (₹ crores) | Profit After Tax (₹ crores) |
|---|---|---|
| 2022-23 | 11.95 | 2.44 |
| 2021-22 | 8.51 | 1.48 |
| 2020-21 | 3.62 | 0.94 |
As you can see, the company’s revenue and profit have grown steadily over the past three years. This is a good sign for investors, as it suggests that the company is well-managed and has a strong business model.
The company’s financials also show that it is profitable and has a healthy balance sheet. The company’s debt-to-equity ratio is 0.45, which is below the industry average. This suggests that the company is not excessively leveraged and has the financial capacity to support its growth plans.
Overall, the Karnika Industries Company financials are positive and suggest that the company is a good investment opportunity. However, investors should be aware of the risks associated with investing in a small company, such as limited market share and competitive landscape.
Karnika Industries IPO Pros & Cons
Pros:
- Growing company with a strong track record
- Experienced management team
- Well-positioned to benefit from the growing demand for precision engineering components and assemblies in India and abroad
- Reasonable valuation
Cons:
- Small company with limited market share
- Competitive landscape
- IPO proceeds may not be sufficient to fund all of the company’s growth plans
Company Promoters
- Mr. Niranjan Mundhra
- Mr. Shiv Shankar Mundhra
- Mr. Mahesh Kumar Mundhr
Karnika Industries IPO Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/
Company Address
Plada Infotech Services Limited
6&6/1,
Gurgola Ghat Road P.O. Salkia
Howrah – 711106
Phone: 033-26558101
Email: info@karnikaindustries.com
Website: http://www.karnikaindustries.com/Default/Index
Karnika Industries IPO FAQs
The IPO is set to enter the market on September 29th and conclude on October 4th. The company aims to gather approximately ₹25.07 crores through this IPO. This sum includes a fresh issue of ₹25.07 crores via 3299200 shares, each valued at ₹10.
The IPO will open on 29th September 2023.
The retail quota is 50% and HNI is 50%.
There are two ways to apply for the Karnika Industries IPO:
1. Through your bank
Most banks in India offer ASBA (Application Supported by Blocked Amount) facility, which allows you to apply for IPOs online using your bank account. To apply for the Karnika Industries IPO through your bank, follow these steps:
Log in to your net banking account.
Go to the ‘ASBA’ section.
Select the ‘Karnika Industries IPO’ from the list of available IPOs.
Enter the number of shares you want to apply for and the price you are willing to pay.
Block the required amount in your bank account.
Submit the application.
2. Through your broker
If you have a demat account with a stockbroker, you can also apply for the Karnika Industries IPO through your broker. To do this, you will need to fill out an IPO application form and submit it to your broker. Your broker will then submit the application to the stock exchange on your behalf.
Note: The minimum lot size for the Karnika Industries IPO is 1600 shares. This means that you must apply for at least 1600 shares. The price of each share is between ₹76 and ₹78.
Here are some additional tips for applying for IPOs:
Apply for IPOs as early as possible. IPOs are often oversubscribed, which means that there are more applications than shares available. If you apply early, you are more likely to get an allotment of shares.
Karnika Industries IPO size is ₹25.07 crores.
Karnika Industries IPO Price Band is ₹76 per equity share.
Karnika Industries IPO allotment date is October 9, 2023.
Karnika Industries IPO listing date is October 12, 2023. The IPO to list on NSE SME.