The Karnika Industries IPO started on September 29, 2023, and ended on October 5, 2023. Shares were allocated on October 10, 2023, and refund processes began on October 11, 2023. On October 12, 2023, the shares were credited to investors demat accounts. Karnika Industries was officially listed on the stock exchange on October 13, 2023.
During the IPO, Karnika Industries offered shares at a price range of ₹76 per share, and the lot size was 1600 shares. The total issue size was ₹25.07 crores, with ₹25.07 crores from new shares. The IPO was listed on the NSE SME.
Regarding share reservations, 50% of the shares were allocated to other and 50% were set aside for retail investors.
Karnika Industries Limited IPO Subscription Update Video
Karnika Industries IPO Subscription Status
The Karnika Industries IPO on September 29, 2023 was subscribed times, with the retail category being subscribed times, the other category being subscribed times.
| Category | Subscription |
| Other | x |
| Retail | x |
| Total | x |
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 |
About Karnika Industries Limited
Karnika Industries Limited, formerly known as Karni International, was founded in 2017. It’s based in India and specializes in making and exporting various types of children’s clothing like shorts, joggers, capri pants, tees, rompers, sleepsuits, pajamas, winter wear, and infant clothing.
Karnika Industries has well-established manufacturing facilities for designing, creating samples, quality checks, ironing, and packing garments. These facilities are equipped with all the modern machinery and tools needed for efficient production.
The company offers its products under the KARNIKA brand, with different sub-categories including KARNIKA Care, KARNIKA Cool, KARNIKA Cube, KARNIKA Life, KARNIKA Key, and KARNIKA Club.
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Karnika Industries IPO FAQs
What is the start and end date of Karnika Industries IPO Subscription?
The Karnika Industries IPO started on September 29, 2023, and ended on October 5, 2023.
When does Karnika Industries IPO Subscription open?
The Karnika Industries IPO open on September 29, 2023.
When does Karnika Industries IPO Subscription close?
The Karnika Industries IPO Close on October 5, 2023.
What is the allotment date of Karnika Industries IPO?
The allotment date for Karnika Industries IPO is October 10, 2023.
When is the initial refund date of Karnika Industries IPO?
The initial Refund date for Karnika Industries IPO is October 11, 2023.
When were the shares credited to investors demat accounts for the Karnika Industries IPO?
The shares for the Karnika Industries IPO were credited to investors demat accounts on October 12, 2023.
When will Karnika Industries IPO be listed on the stock market?
Karnika Industries IPO stock market will be listed on October 13, 2023 at 10 am.
What was the price range of the Karnika Industries IPO shares?
The Karnika Industries IPO shares were offered at a price range of ₹76 per share.
What was the lot size for the Karnika Industries IPO shares?
The lot size for the Karnika Industries IPO shares was 1600 shares.
What was the total issue size of the Karnika Industries IPO?
The total issue size of the Karnika Industries IPO was ₹25.07 crores.
How were the shares allocated among different types of investors for the Karnika Industries IPO?
50% of the shares were allocated to other and 50% were set aside for retail investors.
On which stock exchanges was the Karnika Industries IPO listed?
The Karnika Industries IPO was listed on the NSE SME.
What is the Karnika Industries IPO Subscription Status?
Karnika Industries IPO is subscribed Times.
