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

Shree Karni Fabcom IPO

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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 EndedTotal AssetsTotal RevenuePATEPS
Net WorthReservesBorrowing

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 DateMar 6, 2024 to Mar 11, 2024
Listing DateThursday, March 14, 2024
Face Value₹10 per share
Price₹220 to ₹227 per share
Lot Size600 Shares
Issue Size1,872,000 shares of ₹10
(aggregating up to ₹42.49 Cr)
Fresh Issue1,872,000 shares of ₹10
(aggregating up to ₹42.49 Cr)
Issue TypeBook Built Issue IPO
Listing AtNSE SME
Share holding pre issue5,200,000
Share holding post issue7,072,000
Company PromotersManoj Kumar Karnani,
Radhe Shyam Daga, Rajiv Lakhotia
and Raj Kumar Agarwal

Shree Karni Fabcom IPO Reservation

Anchor Investor Shares Offered28.46% of the Net Issue
Market Maker Shares Offered5.00% of the Net Issue
QIB Shares Offered19.01% of the Net Issue
NII (HNI) Shares Offered14.26% of the Net Issue
Retail Shares Offered33.27% 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.

Opening Date6 March 2024 (Wednesday)
Closing Date11 March 2024 (Monday)
Basis of Allotment12 March 2024 (Tuesday)
Initiation of Refunds13 March 2024 (Wednesday)
Credit of Shares to Demat13 March 2024 (Wednesday)
Listing Date14 March 2024 (Thursday)
Deadline for UPI mandate confirmation5 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.

Retail (Min)1600₹136,200
Retail (Max)1600₹136,200
S-HNI (Min)21200₹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 Holding96.16%
Post Issue Share Holding70.07%

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.

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 Ratio6.17

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

DateGMPKostakSubject to
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.


Shree Karni Fabcom IPO Prospectus

Shree Karni Fabcom IPO DRHPDownload
Shree Karni Fabcom IPO RHPDownload
Shree Karni Fabcom IPO Anchor Investors Details PDFDownload

Shree Karni Fabcom IPO Rating

Our Rating4.0/5.0

Shree Karni Fabcom Company Contact Information

Shree Karni Fabcom Limited

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
Facsimile: N.A
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
Investor grievance:
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:
Investor Grievance ID:
Contact Person: Manav Goenka
SEBI Registration Number: INM000012926

Shree Karni Fabcom IPO FAQs

What is the lot size of Shree Karni Fabcom IPO?

The total size of Shree Karni Fabcom IPO is ₹42.49 crores and this is a complete fresh Issue.

When will Shree Karni Fabcom IPO start?

Shree Karni Fabcom IPO will open from 6 March 2024 and IPO will close on 11 March 2024.

What is the open date of Shree Karni Fabcom IPO?

Shree Karni Fabcom IPO will open date from 6 March 2024.

What is the last date ( close date ) of Shree Karni Fabcom IPO?

Shree Karni Fabcom IPO will close from 11 March 2024.

What is the price band of Shree Karni Fabcom IPO?

Shree Karni Fabcom IPO price band is ₹220 to ₹227. ( Upper Price Band: ₹227, Lower Price Band: ₹220 )

What is the minimum amount required to apply for Shree Karni Fabcom IPO?

The minimum investment for retailers to apply for Shree Karni Fabcom IPO is ₹136,200 and the maximum investment is ₹136,200.

What is going on gray market premium of Shree Karni Fabcom IPO?

View gray market premium of Shree Karni Fabcom IPO by Clicking Here

How much is the GMP of Shree Karni Fabcom IPO?

Watch Shree Karni Fabcom IPO GMP Today: Click Here

What is the allotment date of Shree Karni Fabcom IPO?

The allotment date of Shree Karni Fabcom IPO is 12 March 2024.

How to check allotment status in Shree Karni Fabcom IPO?

To check the allotment status of Shree Karni Fabcom IPO, first of all go to the registrar website by clicking here, select your bad Shree Karni Fabcom 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 Shree Karni Fabcom IPO?

The listing date of Shree Karni Fabcom IPO is 14 March 2024.

How much will be the listing gain in Shree Karni Fabcom IPO?

View listing gain of Shree Karni Fabcom IPO by Clicking Here

How much time Shree Karni Fabcom IPO is subscribed?

Total 296.43 times subscribed in Shree Karni Fabcom IPO out of which 330.45 times subscription was done in retail quota, 461.58 times subscription in NII quota and 112.94 times subscription in QIB quota.

How to apply for Shree Karni Fabcom IPO from Upstox?

Click Here to see how to apply for Shree Karni Fabcom IPO from Upstox. (step by step)

How to apply for Shree Karni Fabcom PO from Zerodha?

Click Here to see how to apply for Shree Karni Fabcom IPO from Zerodha. (step by step)

How to apply for Shree Karni Fabcom IPO from Angle One?

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