The Shree Karni Fabcom IPO date has been confirmed from March 6, 2024 and closes on March 11, 2024. Read the post to learn about Shree Karni Fabcom IPO GMP.
Shree Karni Fabcom Developers is releasing 18.72 lakh shares through its IPO with a fixed share allocation. A pricing range of ₹220 to ₹227 per share has been determined. Shree Karni Fabcom IPO GMP Today is ₹30. To apply, you need at least 600 Shares in a single lot. ₹136,200 is the minimum investment mandate for retail investors. High Net Worth Individuals (HNIs) are required to invest in a minimum of 2 lots, equivalent to 1,200 shares, totaling ₹272,400.
Start your investing journey today. Find the latest information on Upcoming IPOs.
Key Details Of Shree Karni Fabcom IPO:
Bidding Dates
March 6-11
Price Range
₹220 to ₹227 per share
Face Value
₹10 per share
GMP
₹30
Shree Karni Fabcom IPO GMP
The Shree Karni Fabcom IPO GMP Today is ₹30.
IPO Overview
Share prices for Shree Karni Fabcom’s IPO fall between ₹220 and ₹227 per share. Shree Karni Fabcom IPO GMP Today is ₹30. Through a book-built approach, Shree Karni Fabcom is issuing 18.72 lakh shares in its IPO. A total of 18.72 lakh shares are freshly issued. Shree Karni Fabcom’s IPO commences on March 6, 2024, concluding on March 11, 2024. It is expected that the allotment for the Shree Karni Fabcom IPO will be finished by Tuesday, March 12, 2024. NSE SME is set to welcome Shree Karni Fabcom’s IPO, aiming for a potential listing date of Thursday, March 14, 2024.
Shree Karni Fabcom IPO Details
| IPO Date | March 6, 2024 to March 11, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | [.] to [.] per share |
| Lot Size | |
| Total Issue Size | 1,872,000 shares (aggregating up to ₹[.] Cr) |
| Fresh Issue | 1,872,000 shares (aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 5,200,000 |
| Share holding post issue | 7,072,000 |
| Market Maker portion | 93,600 shares |
Shree Karni Fabcom Limited Financial Information
| 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 |
| Revenue | 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 | ||||
Shree Karni Fabcom IPO Timeline
| IPO Open Date | Wednesday, March 6, 2024 |
| IPO Close Date | Monday, March 11, 2024 |
| Basis of Allotment | Tuesday, March 12, 2024 |
| Initiation of Refunds | Wednesday, March 13, 2024 |
| Credit of Shares to Demat | Wednesday, March 13, 2024 |
| Listing Date | Thursday, March 14, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 11, 2024 |
Company Profile
Since its beginning in March 2018, Shree Karni Fancom Limited has been committed to developing custom knitted and woven textiles for a variety of industries, including luggage, medical arch support, chairs, shoes, and apparel. Woven fabrics, knitted fabrics, coated fabrics, and 100% polyester are their specialty, and they use yarn, resin, acrylic, and coating chemicals to create bespoke technological textiles. The production operation utilizes sophisticated, highly automated machinery to create specialist technical textiles with installed capacity of 70k meters/day for weaving, 90k kilos/month for knitting, 50k
for coatings, 15000 meters/day for PVC, 8000 meters/day for EVA lamination, and 40000 meters/day for heat embossing. The revenue from operations for the 8 months ended November 30, 2023 was ₹7572.22 lakhs. Fiscal revenue in 2021, 2022, and 2023 was ₹3287.42 lakhs, ₹8357.36 lakhs, and ₹12694.65 lakhs, respectively. Income grew 56.89% Annually Compounded in that time period. SEO Best Practices: Essential Strategies for Digital Marketing INTERTEK has awarded the organisation a certificate for their management system, ISO 9001: In the space of a few years, we went from energy-scarce societies to energy abundance. Its clientele was a wide variety of brands manufacturers and shoes, as well as pants traders and vast number business and from 13 states, during the November 30 of 2023. The company had 39 employees with in 4 departments.
Registrar Info
| Name | Mas Services Limited |
| Phone number | (011) 2610 4142 |
| Email ID | ipo@masserv.com |
| Website | masserv.com |
Contact Details
| Name | Shree Karni Fabcom Limited |
| Phone number | +91 262 235 0900 |
| Email ID | shreekarni@skflindia.com |
| Website | skflindia.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Shree Karni Fabcom IPO FAQs
Leave a Reply