The IPO date for Karnika Industries has been set. The IPO will begin on September 29 and end on October 4. Karnika Industries is an NSE SME IPO that will raise 25.07 crore through the IPO. The price band for the Karnika Industries IPO is set at 76, with a market value of 1600 shares.
Karnika Industries is an ISO 14001:2015 certified garment maker, trader, and exporter. They produce all forms of children’s clothing, such as shorts, joggers, capris, tees, rompers, sleepsuits, pyjamas, winter wear, infant wear, and so on, through employment work. They have built well-established manufacturing facilities for the design, sample preparation, quality inspection, ironing, and packing of garments that are outfitted with all of the necessary hi-tech machines and tools for a modern manufacturing unit. Their
highly experienced team of professionals operates the machinery installed in their infrastructure. They manufacture the majority of our items through job work, and they are capable of handling large orders from our clients and delivering on time.
The company primarily focuses on high-quality fabrics and garments, delivering high-quality textiles and sustaining long-term client relationships. The amount of development impacts the productivity of equipment and labor, which defines the company’s production and profitability. Their technical team is outfitted with cutting-edge technology and processing procedures to assure high-quality output.
Karnika Industries provides its products under the KARNIKA brand and sub-categories such as KARNIKA Care, KARNIKA Cool, KARNIKA Cube, KARNIKA Life, KARNIKA Key, and KARNIKA Club. Karnika has a reputable client base that comprises a number of well-known commission agents and retail industry clients. The organization is rapidly expanding and establishing a market presence through high-quality, professional work.
Karnika Industries IPO Date and 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: | [.]% of the net offer |
| NII Quota: | 50% of the net offer |
Objects of the Issue:
- To meet working capital requirements
- General Corporate Purpose.
- To meet the issue of expenses
Karnika Industries Services IPO Review
- To be updated soon
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 |
Karnika Industries IPO Form
How to apply Karnika Industries IPO? –> You can apply for the Karnika Industries IPO using your bank account’s ASBA. Simply connect to your online bank and apply through your bank account by selecting the Karnika Industries IPO in the Invest section. You can also apply for the Karnika Industries IPO by downloading the IPO forms from the NSE website.
Karnika Industries Company Financial Report
| Year(₹ in Crores) | Revenue | Expense | PAT |
|---|---|---|---|
| 2021 | ₹47.79 | ₹46.54 | ₹0.82 |
| 2022 | ₹98.93 | ₹91.76 | ₹4.54 |
| 2023 | ₹126.06 | ₹114.92 | ₹8.27 |
Karnika Industries IPO Valuation: FY2023
Check Karnika Industries IPO valuations for details like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹9.66 per Equity Share |
| Price/Earning P/E Ratio: | 7.57 |
| Return on Net Worth (RoNW): | 45.76% |
| Net Asset Value (NAV): | ₹19.85 per Equity Share |
Peer Group
- Karnika Industries Limited
- S.P. Apparels Limited
- Veekayem Fashion and Apparels Limited
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
Company Promoters
- Mr. Niranjan Mundhra
- Mr. Shiv Shankar Mundhra
- Mr. Mahesh Kumar Mundhr
Karnika Industries IPO Lead Managers, aka Merchant Bankers
- Beeline Capital Advisors Pvt Ltd
Karnika Industries IPO FAQs:
Q1. What is the Karnika Industries IPO?
Ans. Karnika Industries IPO is an NSE SME IPO. They are going to raise ₹25.07 crore via an IPO. The issue is priced at ₹76 per equity share. The IPO is to be listed on the NSE.
Q2. When will Karnika Industries IPO open?
Ans. The IPO is to open on September 29, 2023, for QIB, NII, and retail investors.
Q3. What is Karnika Industries IPO Investors Portion?
Ans. The investors’ portion for QIB is [.]%, NII is 50%, and Retail is 50%.
Q4. How do I apply for the Karnika Industries IPO?
Ans. You can apply for the Karnika Industries IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock broker by filling out the offline form.
Q5. How do I apply for the Karnika Industries IPO through Zerodha?
Ans. Log in to the console on the Zerodha Website or in the application. Go to Portfolio and Click on IPO. You will see the IPO name “Karnika Industries”. Click on the bid button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open a demat account with Zerodha.
Q6. How do I apply for the Karnika Industries IPO through Upstox?
Ans. Log in to the Upstox Application with your credentials. Select the IPO. You will see the IPO name “Karnika Industries”. Click on the bid button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open a Demat Account with Upstox.
Q7. How do Apply the Karnika Industries IPO through Paytm Money?
Ans. Log in to the Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “Karnika Industries”. Click on the bid button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open a demat account with Paytm Money.
Q8. What is Karnika Industries IPO size?
Ans. Karnika Industries IPO size is ₹25.07 crores.
Q9. What is Karnika Industries IPO price Band?
Ans. Karnika Industries IPO price band is ₹76 per equity share.
Q10. What is Karnika Industries IPO Minimum and maximum Lot Size?
Ans. The IPO bid is 1600 shares with ₹121,600.
Q11. What is the Karnika Industries IPO Allotment Date?
Ans. Karnika Industries IPO allotment date is October 9, 2023.
Q12. What is the Karnika Industries IPO listing Date?
Ans. Karnika Industries IPO listing date is October 12, 2023. The IPO will list on the NSE SME.
