Shree Karni Fabcom IPO Details | GMP, Date, Price, Review

Shree Karni Fabcom IPO Details ( Shree Karni Fabcom Limited IPO Review )

(6 Mar 2024 – 11 Mar 2024)

Founded in March 2018, Shree Karni Fabcom Limited specializes in creating personalized fabrics for industries like luggage, medical arch support, chairs, shoes, and apparel. They excel in Woven Fabrics, Knitted Fabrics, Coated Fabrics, and 100% polyester, sourcing materials like yarn, resin, acrylic, and coating chemicals to craft specialized technical textiles.

Equipped with state-of-the-art, highly automated machines, their manufacturing unit produces specialized technical textiles with daily capacities of 70,000 meters for weaving, 90,000 kilograms for knitting, 50,000 meters for coatings, 15,000 meters for PVC, 8,000 meters for EVA lamination, and 40,000 meters for heat embossing.

For the eight months ending November 30, 2023, the company recorded ₹7,572.22 lakhs in revenue. The revenues for fiscal years 2021, 2022, and 2023 were ₹3,287.42 lakhs, ₹8,357.36 lakhs, and ₹12,694.65 lakhs, respectively. This marked a significant growth at a CAGR of 56.89% during this period.

Shree Karni Fancom Limited has received the ISO 9001:2015 certificate from INTERTEK for their management system.

Catering to contract manufacturers of branded luggage, shoe manufacturers, traders, and others in 13 states, the company has established a strong market presence.

As of November 30, 2023, the company employs 39 individuals across various departments.

Shree Karni Fabcom Limited IPO Competitive Strength

• One of the leading specialized technical textile manufacturers with long standing market presence
• Location Advantage
• Quality Assurance and Quality Control of our products
• Diversified product portfolio
• Government Incentives
• Cost effective production and timely fulfilment of orders
• Well experienced management team with proven project management and implementation skills

Shree Karni Fabcom IPO Financials Performance ( Results )

Shree Karni Fabcom Limited Financial Information (Restated Consolidated)

All Amount in ₹ Lakhs

Period Ended	Total Assets	Total Revenue	PAT	EPS (₹)	Net Worth	Reserves	Borrowing
31-Mar-21	2,743.05	3,289.86	153.48	15.35	671.23	571.23	1,451.30
31-Mar-22	5,911.11	8,365.18	514.84	51.48	1,321.61	1,221.61	2,718.09
31-Mar-23	9,864.25	12,704.05	555.25	11.10	2,602.24	2,502.24	3,658.72
30-Nov-23	14,124.38	7,599.48	813.44	23.80	1,912.17	1,392.17	9,504.27

Objective of Shree Karni Fabcom IPO Issue

• Funding the capital expenditure setting up a dyeing unit in Navsari District, Surat, Gujarat;
• Funding the purchase of new machinery proposed to be installed at the new unit proposed to be set up for manufacturing bags in Palsana, Surat, Gujarat, with an intent to expand the product portfolio;
• Funding working capital requirements of the company; and
• General Corporate Purposes.

Shree Karni Fabcom IPO Basic Details

IPO Date	Mar 6, 2024 to Mar 11, 2024
Listing Date	Thursday, March 14, 2024
Face Value	₹10 per share
Price	₹220 to ₹227 per share
Lot Size	600 Shares
Issue Size	1,872,000 shares of ₹10 (aggregating up to ₹42.49 Cr)
Fresh Issue	1,872,000 shares of ₹10 (aggregating up to ₹42.49 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
Company Promoters	Manoj Kumar Karnani, Radhe Shyam Daga, Rajiv Lakhotia and Raj Kumar Agarwal

Shree Karni Fabcom IPO Reservation

Anchor Investor Shares Offered	28.46% of the Net Issue
Market Maker Shares Offered	5.00% of the Net Issue
QIB Shares Offered	19.01% of the Net Issue
NII (HNI) Shares Offered	14.26% of the Net Issue
Retail Shares Offered	33.27% of the Net Issue

Shree Karni Fabcom IPO Timetable

Shree Karni Fabcom IPO will open on March 6, 2024 and close on March 11, 2024. You can join Shree Karni Fabcom IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.

Event	Date
Opening Date	6 March 2024 (Wednesday)
Closing Date	11 March 2024 (Monday)
Basis of Allotment	12 March 2024 (Tuesday)
Initiation of Refunds	13 March 2024 (Wednesday)
Credit of Shares to Demat	13 March 2024 (Wednesday)
Listing Date	14 March 2024 (Thursday)
Deadline for UPI mandate confirmation	5 PM on 11 March 2024

Shree Karni Fabcom IPO Lot Size

For retail investors in Shree Karni Fabcom IPO, 600 shares will come in 1 lot or the minimum investment will be ₹136,200. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹136,200.

Application	Lots	Shares	Amount
Retail (Min)	1	600	₹136,200
Retail (Max)	1	600	₹136,200
S-HNI (Min)	2	1200	₹272,400

Shree Karni Fabcom IPO Promoter Holding

The company’s promoters include Manoj Kumar Karnani, Radhe Shyam Daga, Rajiv Lakhotia and Raj Kumar Agarwal.

Pre Issue Share Holding	96.16%
Post Issue Share Holding	70.07%

Shree Karni Fabcom Ltd IPO Key Performance Indicator ( Valuation )

In the table given below, all the figures have been told according to the latest financial year.

KPI	Values
Market Cap (₹ Cr.)	160.53
Earning Per Share (EPS)	₹10.68 per Equity Share
Net Asset Value (NAV)	₹260.22 per Equity Share
P/E Ratio (P/E) (x)	21.26
Post P/E Ratio (P/E) (x)	13.16
Return on Net Worth (RoNW) (%)	42.56
Return on equity (ROE) (%)	42.56
Return on Capital Employed (ROCE) (%)	11.34
Price/Book Value Ratio	6.17

Shree Karni Fabcom IPO GMP Live Update, Kostak Rate day by day

Date	GMP	Kostak	Subject to
Today	₹250	–	–
6 March 2024	₹230	–	–
5 March 2024	₹230	–	–
4 March 2024	₹215	–	–

Shree Karni Fabcom IPO Detail Video:

Shree Karni Fabcom IPO Subscription Status (Bidding Detail)

The Shree Karni Fabcom IPO on March 11, 2024 at 7:30:00 PM was subscribed 296.43 times, with the retail category being subscribed 330.45 times, the NII (Non-Institutional Investor) category being subscribed 461.58 times, QIB (Qualified-Institutional Buyers) category being subscribed 112.94 times.

Category	Subscription
QIB	112.94x
NII	461.58x
Retail	330.45x
Total	296.43x

Shree Karni Fabcom IPO Prospectus

Shree Karni Fabcom IPO DRHP	Download
Shree Karni Fabcom IPO RHP	Download
Shree Karni Fabcom IPO Anchor Investors Details PDF	Download

Shree Karni Fabcom IPO Rating

Our Rating

4.0/5.0

Shree Karni Fabcom Company Contact Information

Shree Karni Fabcom Limited

Registered Office: Plot 188,189,190, Block No. 314, Rajhans Texpa, Village Baleshvar, Taluka Palsana, Surat – 394317, Gujarat, India.
Telephone: +91 262 235 0900
E-mail: shreekarni@skflindia.com
Facsimile: N.A
Website: www.skflindia.com
Contact Person: Jyoti Chitlangiya, Company Secretary & Compliance Officer
Corporate Identity Number: U47820GJ2023PLC140106
Promoters of Our Company: Manoj Kumar Karnani, Radhe Shyam Daga, Rajiv Lakhotia and Raj Kumar Agarwal

Shree Karni Fabcom IPO Registrar

MAS Services Limited

Registered Office: T-34, 2nd Floor, Okhla Industrial Area, Phase-II New Delhi- 110 020
Telephone: +91 112 638 7281/83
Facsimile: +91 112 638 7384
E-mail: ipo@masserv.com
Investor grievance: investor@masserv.com
SEBI Registration No.: INR000000049
Contact Person: N. C. Pal

Shree Karni Fabcom IPO Lead Manager

Horizon Management Private Limited

Registered Office: 19 R N Mukherjee Road, Main Building, 2nd Floor, Kolkata- 700 001,West Bengal, India.
Telephone: +91 33 4600 0607
Facsimile: +91 33 4600 0607
Email ID: smeipo@horizon.net.co
Website: www.horizonmanagement.in
Investor Grievance ID: investor.relations@horizon.net.co
Contact Person: Manav Goenka
SEBI Registration Number: INM000012926

Shree Karni Fabcom IPO FAQs