Karnika Industries IPO Details | GMP, Date, Price, Review

Karnika Industries IPO

Table of Contents

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
    1. Shorts
    2. Joggers
    3. Capris
    4. T-shirts
    5. Rompers
    6. Sleepwear
    7. Pajamas
    8. Winter Attire
    9. 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 EndedTotal AssetsTotal RevenuePATEPS
Net WorthNAV

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 DateSep 29, 2023 to Oct 5, 2023
Listing DateFriday, October 13, 2023
Face Value₹10 per share
Price₹76 per share
Lot Size1600 Shares
Issue Size3,299,200 shares of ₹10
(aggregating up to ₹25.07 Cr)
Fresh Issue3,299,200 shares of ₹10
(aggregating up to ₹25.07 Cr)
Issue TypeFixed Price Issue IPO
Listing AtNSE SME
Share holding pre issue9,100,300
Share holding post issue12,399,500
Company PromotersMr. Niranjan Mundhra,
Mr. Shiv Shankar Mundhra, and
Mr. Mahesh Kumar Mundhr

Karnika Industries IPO Reservation

Other Shares Offered50% of the Net Issue
Retail Shares Offered50% 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 Date29 September 2023 (Friday)
Closing Date5 October 2023 (Thursday)
Basis of Allotment10 October 2023 (Tuesday)
Initiation of Refunds11 October 2023 (Wednesday)
Credit of Shares to Demat12 October 2023 (Thursday)
Listing Date13 October 2023 (Friday)
Deadline for UPI mandate confirmation5 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.

Retail (Min)11600₹121,600
Retail (Max)11600₹121,600
S-HNI (Min)23200₹243,200

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 Holding100.00%
Post Issue Share Holding73.39%

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
Debt/Equity Ratio2.90

Karnika Industries Ltd Peer Comparison

Company NameConsolidated/
Karnika Industries LimitedStandalone10.009.667.5745.7619.85
Peer Group
S.P. Apparels LimitedStandalone10.0036.028.9112.62269.03
Veekayem Fashion and
Apparels Limited

Karnika Industries IPO GMP Live Update, Kostak Rate day by day

DateGMPKostakSubject to
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 DRHPDownload
Karnika Industries IPO RHPDownload
Karnika Industries IPO Anchor Investors Details PDFDownload

Karnika Industries IPO Rating

Our Rating2.5/5.0

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
Email: info@karnikaindustries.com
Website: www.karnikaindustries.com
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
Email: ipo@skylinerta.com
Website: www.skylinerta.com
Investor Grievance Email: grievances@skylinerta.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,
Gujarat, India.
Tel. No.: +91-79-48405357, 48406357
Email: mb@beelinemb.com
Website: www.beelinemb.com
Investor Grievance Email: ig@beelinemb.com
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?

Click Here to see how to apply for Karnika Industries IPO from Upstox. (step by step)

How to apply for Karnika Industries IPO from Zerodha?

Click Here to see how to apply for Karnika Industries IPO from Zerodha. (step by step)

How to apply for Karnika Industries IPO from Angle One?

Click Here to see how to apply for Karnika Industries IPO from Angle One. (step by step)

Leave a Reply

Your email address will not be published. Required fields are marked *