Karnika Industries IPO Details ( Karnika Industries Limited IPO Review )
(29 Sep 2023 – 5 Oct 2023)
Karnika Industries Limited, founded in 2017 and formerly known as Karni International, is a company based in India that makes and exports clothing for children. They create a wide range of kids’ clothing, including shorts, joggers, capris, t-shirts, rompers, sleepwear, pajamas, winter attire, and baby clothes.
Karnika Industries has well-established manufacturing facilities that handle everything from designing and making samples to quality checks, ironing, and packing garments. These facilities are equipped with all the modern machines and tools necessary for efficient production.
The company markets its products under the brand name KARNIKA, and it offers various sub-categories such as KARNIKA Care, KARNIKA Cool, KARNIKA Cube, KARNIKA Life, KARNIKA Key, and KARNIKA Club.
Karnika Industries Limited Company Product
- Kids’ Clothing
- Winter Attire
- Baby Clothes
Karnika Industries Limited IPO Competitive Strength
- Diversified Product Portfolio
- Consistency in Quality and Service Standards
- Cost effective production and timely fulfilment of orders
- Scalable Business Model
- Organizational stability along with management expertise
- Existing client relationship
- High level of customer satisfaction
Karnika Industries IPO Financials Performance ( Results )
Karnika Industries Limited Financial Information (Restated)
All Amount in ₹ Lakhs
|Period Ended||Total Assets||Total Revenue||PAT||EPS|
Objective of Karnika Industries IPO Issue
- To Meet Working Capital Requirement
- General Corporate Purpose
- To Meet the Issue Expenses
Karnika Industries IPO Basic Details
|IPO Date||Sep 29, 2023 to Oct 5, 2023|
|Listing Date||Friday, October 13, 2023|
|Face Value||₹10 per share|
|Price||₹76 per share|
|Lot Size||1600 Shares|
|Issue Size||3,299,200 shares of ₹10|
(aggregating up to ₹25.07 Cr)
|Fresh Issue||3,299,200 shares of ₹10|
(aggregating up to ₹25.07 Cr)
|Issue Type||Fixed Price Issue IPO|
|Listing At||NSE SME|
|Share holding pre issue||9,100,300|
|Share holding post issue||12,399,500|
|Company Promoters||Mr. Niranjan Mundhra,|
Mr. Shiv Shankar Mundhra, and
Mr. Mahesh Kumar Mundhr
Karnika Industries IPO Reservation
|Other Shares Offered||50% of the Net Issue|
|Retail Shares Offered||50% of the Net Issue|
Karnika Industries IPO Timetable
Karnika Industries IPO will open on September 29, 2023 and close on October 5, 2023. You can join Karnika Industries IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
|Opening Date||29 September 2023 (Friday)|
|Closing Date||5 October 2023 (Thursday)|
|Basis of Allotment||10 October 2023 (Tuesday)|
|Initiation of Refunds||11 October 2023 (Wednesday)|
|Credit of Shares to Demat||12 October 2023 (Thursday)|
|Listing Date||13 October 2023 (Friday)|
|Deadline for UPI mandate confirmation||5 PM on 5 October 2023|
Karnika Industries IPO Lot Size
For retail investors in Karnika Industries IPO, 1600 shares will come in 1 lot or the minimum investment will be ₹121,600. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹121,600.
Karnika Industries IPO Promoter Holding
The company’s promoters include Mr. Niranjan Mundhra, Mr. Shiv Shankar Mundhra, and Mr. Mahesh Kumar Mundhr.
|Pre Issue Share Holding||100.00%|
|Post Issue Share Holding||73.39%|
Karnika Industries Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
|Market Cap (₹ Cr.)||94.24|
|Earning Per Share (EPS)||₹9.66 per Equity Share|
|Net Asset Value (NAV)||₹19.85 per Equity Share|
|P/E Ratio (P/E) (x)||7.57|
|Post P/E Ratio (P/E) (x)||11.06|
|Return on Net Worth (RoNW) (%)||45.76|
|Return on equity (ROE) (%)||Coming Soon|
|Return on Capital Employed (ROCE) (%)||Coming Soon|
Karnika Industries Ltd Peer Comparison
|Karnika Industries Limited||Standalone||10.00||9.66||7.57||45.76||19.85|
|S.P. Apparels Limited||Standalone||10.00||36.02||8.91||12.62||269.03|
|Veekayem Fashion and|
Karnika Industries IPO GMP Live Update, Kostak Rate day by day
|1 October 2023||₹0||–||–|
|30 September 2023||₹0||–||–|
Karnika Industries IPO Detail Video:
Video is Not Available
Karnika Industries IPO Subscription Status (Bidding Detail)
The Karnika Industries IPO on October 5, 2023 at 7:30:00 PM was subscribed 3.07 times, with the retail category being subscribed 2.91 times, the other category being subscribed 3.22 times.
Karnika Industries IPO Prospectus
|Karnika Industries IPO DRHP||Download|
|Karnika Industries IPO RHP||Download|
|Karnika Industries IPO Anchor Investors Details PDF||Download|
Karnika Industries IPO Rating
Karnika Industries Company Contact Information
Karnika Industries Limited
Registered Office: 6&6/1, Gurgola Ghat Road, P.O. Salkia, Howrah, Howrah, West Bengal – 711106, India.
Tel No.: 033-26558101
Contact Person: Ms. Muskan Mundhra, Company Secretary and Compliance Officer
Our Promoters: Mr. Niranjan Mundhra, Mr. Shiv Shankar Mundhra and Mr. Mahesh Kumar Mundhra
Karnika Industries IPO Registrar
Skyline Financial Services Private Limited
Registered Office: D-153A, 1st Floor, Okhla Industrial Area
Phase-I, New Delhi – 110020, India
Tel. No.: 011-40450193-197
Investor Grievance Email: email@example.com
Contact Person: Mr. Anuj Kumar
SEBI Registration No.: INR000003241
Karnika Industries IPO Lead Manager
Beeline Capital Advisors Private Limited
Registered Office: B 1311-1314, Thirteenth Floor, Shilp Corporate Park,
Rajpath Rangoli Road, Thaltej, Ahmedabad- 380054,
Tel. No.: +91-79-48405357, 48406357
Investor Grievance Email: firstname.lastname@example.org
Contact Person: Mr. Nikhil Shah
SEBI Registration No.: INM000012917
Karnika Industries IPO FAQs
What is the lot size of Karnika Industries IPO?
The total size of Karnika Industries IPO is ₹25.07 crores and this is a complete fresh Issue.
When will Karnika Industries IPO start?
Karnika Industries IPO will open from 29 September 2023 and IPO will close on 5 October 2023.
What is the open date of Karnika Industries IPO?
Karnika Industries IPO will open date from 29 September 2023.
What is the last date ( close date ) of Karnika Industries IPO?
Karnika Industries IPO will close from 5 October 2023.
What is the price band of Karnika Industries IPO?
Karnika Industries IPO price band is ₹76.
What is the minimum amount required to apply for Karnika Industries IPO?
The minimum investment for retailers to apply for Karnika Industries IPO is ₹121,600 and the maximum investment is ₹121,600.
What is going on gray market premium of Karnika Industries IPO?
View gray market premium of Karnika Industries IPO by Clicking Here
How much is the GMP of Karnika Industries IPO?
Watch Karnika Industries IPO GMP Today: Click Here
What is the allotment date of Karnika Industries IPO?
The allotment date of Karnika Industries IPO is 10 October 2023.
How to check allotment status in Karnika Industries IPO?
To check the allotment status of Karnika Industries IPO, first of all go to the registrar website by clicking here, select your bad Karnika Industries IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Karnika Industries IPO?
The listing date of Karnika Industries IPO is 13 October 2023.
How much will be the listing gain in Karnika Industries IPO?
View listing gain of Karnika Industries IPO by Clicking Here
How much time Karnika Industries IPO is subscribed?
Total 3.07 times subscribed in Karnika Industries IPO out of which 2.91 times subscription was done in retail quota, 3.22 times subscription in other quota.
How to apply for Karnika Industries IPO from Upstox?
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How to apply for Karnika Industries IPO from Zerodha?
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How to apply for Karnika Industries IPO from Angle One?
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