The Karnika Industries IPO commenced on September 29, 2023, and concluded on October 5, 2023. The allotment of shares took place on October 10, 2023, and the initiation of refunds began on October 11, 2023. The shares were credited to the demat accounts of investors on October 12, 2023. Finally, the listing of Karnika Industries on the stock exchange occurred on October 13, 2023.
The Karnika Industries IPO was priced at ₹76 per share, with a lot size of 1600 shares. The total issue size was ₹25.07 crores, comprising a fresh issue of ₹25.07 crores. The IPO was listed on the NSE SME.
In terms of quota reservations, the other quota was reserved for 50% of the shares and the retail quota was reserved for 50% of the shares.
Karnika Industries IPO Basic Details
|Company Name||Karnika Industries Limited|
|Domain of Company||Manufactures and Exports Garments|
|Karnika Industries IPO GMP Today||₹0.00|
|Karnika Industries IPO Listing Gain||0.00%|
|Karnika Industries IPO Open Date||September 29, 2023|
|Karnika Industries IPO Close Date||October 5, 2023|
|Karnika Industries IPO Allotment Date||October 10, 2023|
|Karnika Industries IPO Listing Date||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|
|Company Promoters||Mr. Niranjan Mundhra,|
Mr. Shiv Shankar Mundhra, and
Mr. Mahesh Kumar Mundhr
Karnika Industries IPO GMP Today:
|Date||GMP||Listing Gain||Kostak||Subject to|
|1 October 2023||₹0||0.00%||–||–|
Karnika Industries Limited IPO Details:
Karnika Industries Limited, originally known as Karni International, was founded in 2017. This company is based in India and specializes in making and exporting various types of children’s clothing, such as shorts, joggers, capri pants, tees, rompers, sleepsuits, pajamas, winter wear, and infant wear.
Karnika Industries operates well-established manufacturing facilities that handle everything from designing and creating samples to quality checks, ironing, and packing garments. These facilities are equipped with all the modern machinery and tools needed for efficient production.
The company sells its products under the brand name “KARNIKA,” which includes different sub-categories like KARNIKA Care, KARNIKA Cool, KARNIKA Cube, KARNIKA Life, KARNIKA Key, and KARNIKA Club.
Karnika Industries IPO More Details Click Here
Karnika Industries IPO FAQs
When is Karnika Industries IPO open?
Karnika Industries IPO will open on 29 September 2023.
When is Karnika Industries IPO Close?
Karnika Industries IPO will be closed on 5 October 2023.
What is Karnika Industries IPO GMP Today?
The Karnika Industries IPO GMP aka Grey Market Premium is ₹0.
What is Karnika Industries IPO Kostak Rates Today?
The Karnika Industries IPO Kostak Rate is ₹000.
What is Karnika Industries IPO Subject to Sauda Price Today?
The Karnika Industries IPO subject to sauda rates is ₹000.
Karnika Industries IPO Expected Returns?
The Karnika Industries expected return is 0.00%.
How much will be the listing gain in Karnika Industries IPO?
Karnika Industries IPO will get listing gain of 0.00%. (Approx.)