The Shree Karni Fabcom IPO started on March 6, 2024, and ended on March 11, 2024. Shares were allocated on March 12, 2024, and refund processes began on March 13, 2024. On March 13, 2024, the shares were credited to investors demat accounts. Shree Karni Fabcom was officially listed on the stock exchange on March 14, 2024.
During the IPO, Shree Karni Fabcom offered shares at a price range of ₹220 to ₹227 per share, and the lot size was 600 shares. The total issue size was ₹42.49 crores, with ₹42.49 crores from new shares. The IPO was listed on the NSE SME.
Shree Karni Fabcom IPO Subscription Update Video
Shree Karni Fabcom IPO Subscription Status
The Shree Karni Fabcom IPO on March 11, 2024 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, the 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 Basic Details
| Company Name | Shree Karni Fabcom Limited |
| Shree Karni Fabcom IPO Open Date | March 6, 2024 |
| Shree Karni Fabcom IPO Close Date | March 11, 2024 |
| Shree Karni Fabcom IPO Allotment Date | March 12, 2024 |
| Shree Karni Fabcom IPO Listing Date | 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 |
| Company Promoters | Manoj Kumar Karnani, Radhe Shyam Daga, Rajiv Lakhotia and Raj Kumar Agarwal |
About Shree Karni Fabcom Limited
Founded in March 2018, Shree Karni Fancom Limited specializes in crafting customized fabrics for industries like luggage, medical support, chairs, shoes, and clothing. We’re experts in creating Woven Fabrics, Knitted Fabrics, Coated Fabrics, and 100% polyester materials. Our process involves sourcing high-quality yarn, resin, acrylic, and coating chemicals to make specialized technical textiles.
Our manufacturing facility boasts state-of-the-art, highly automated machines dedicated to producing these specialized fabrics. With capacities of 70,000 meters per day for weaving, 90,000 kilograms per month for knitting, 50,000 meters per day for coatings, 15,000 meters per day for PVC, 8,000 meters per day for EVA lamination, and 40,000 meters per day for heat embossing, we ensure efficient production.
In terms of financial performance, our revenue from operations for the eight months ending November 30, 2023, amounted to ₹7572.22 lakhs. Over the fiscal years 2021, 2022, and 2023, our revenue reached ₹3287.42 lakhs, ₹8357.36 lakhs, and ₹12694.65 lakhs respectively, reflecting a significant growth rate of 56.89% CAGR during this period.
Furthermore, our commitment to quality is underscored by our ISO 9001:2015 certification from INTERTEK, validating our robust management system.
We distribute our products to various contract manufacturers of branded luggage, shoe manufacturers, traders, and others across 13 states.
As of November 30, 2023, our company employs 39 individuals across different departments.
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Shree Karni Fabcom IPO FAQs
What is the start and end date of Shree Karni Fabcom IPO Subscription?
The Shree Karni Fabcom IPO started on March 6, 2024, and ended on March 11, 2024.
When does Shree Karni Fabcom IPO Subscription open?
The Shree Karni Fabcom IPO open on March 6, 2024.
When does Shree Karni Fabcom IPO Subscription close?
The Shree Karni Fabcom IPO Close on March 11, 2024.
What is the allotment date of Shree Karni Fabcom IPO?
The allotment date for Shree Karni Fabcom IPO is March 12, 2024.
When is the initial refund date of Shree Karni Fabcom IPO?
The initial Refund date for Shree Karni Fabcom IPO is March 13, 2024.
When were the shares credited to investors demat accounts for the Shree Karni Fabcom IPO?
The shares for the Shree Karni Fabcom IPO were credited to investors demat accounts on March 13, 2024.
When will Shree Karni Fabcom IPO be listed on the stock market?
Shree Karni Fabcom IPO stock market will be listed on March 14, 2024 at 10 am.
What was the price range of the Shree Karni Fabcom IPO shares?
The Shree Karni Fabcom IPO shares were offered at a price range of ₹220 to ₹227 per share.
What was the lot size for the Shree Karni Fabcom IPO shares?
The lot size for the Shree Karni Fabcom IPO shares was 600 shares.
What was the total issue size of the Shree Karni Fabcom IPO?
The total issue size of the Shree Karni Fabcom IPO was ₹42.49 crores.
On which stock exchanges was the Shree Karni Fabcom IPO listed?
The Shree Karni Fabcom IPO was listed on the NSE SME.
What is the Shree Karni Fabcom IPO Subscription Status?
Shree Karni Fabcom IPO is subscribed 296.43 Times.
