Shree Karni Fabcom IPO

Shree Karni Fabcom IPO will open for subscription from 06 March 2024. The company aims for an issue size of ₹42.49 Cr through this IPO.

Company Overview

Full nameShree Karni Fabcom Limited
Company Website

About Company

Shree Karni Fabcom manufactures specialized technical textiles including weaving, coating, printing, and finishing of grey fabric to produce finished knitted and woven fabrics. They specialize in various fabrics like woven, knitted, coated, 100% polyester, and recycled polyester. The company sources materials domestically and sells to manufacturers in luggage, medical support, chairs, shoes, and apparel industries.

The company’s product applications span a wide spectrum, including luggage, roofing, agriculture netting, vehicle covers, tents, armed forces fabric, sports kits, chairs, medical arch support, umbrellas, and raincoats. The manufacturing unit is equipped with automated machines for the production of specialized technical textiles, with an installed capacity of 70,000 meters per day for weaving. The company markets and sells under the brand ‘SKFL’. As of 31 October 2023, the company has acquired a 66.67% stake in IGK Technical Textile LLP, which is engaged in the weaving, coating, sizing, and embossing of specialized technical textiles. As of 30 November 2023, the company has 39 employees.

The Objectives of the 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 Timetable

IPO Opening date06 March 2024
IPO Closing11 March 2024
Basis of Allotment12 March 2024
Initiation Refund13 March 2024
Credit to Demat Account13 March 2024
Listing Date14 March 2024
(Cut-off time for UPI mandate confirmation – 5 PM on March 11, 2024)

Shree Karni Fabcom IPO details

Issue typeBook Built Issue IPO
IPO issue size₹42.49 Cr – 1,872,000 shares
Fresh Issue₹42.49 Cr – 1,872,000 shares
Offer for saleNil
Face value₹10 per share
Price Band ₹220 to ₹227 per share
Lot size600 Sahers
Market Maker portion93,600 shares
Shareholding pre-issue5,200,000
Shareholding post-issue7,072,000
Listing ExchangeNSE SME

Shree Karni Fabcom IPO Lot Size

Retail (Min)1600₹136,200
Retail (Max)1600₹136,200
HNI (Min)21,200₹272,400

Shree Karni Fabcom IPO Reservation Details

QIB Shares Offered50%
NII (HNI) Shares Offered15%
Retail Shares Offered35%

Shree Karni Fabcom Financial Performance

 FY 2021FY 2022FY 20238M FY 2024
Net income1.535.155.558.13
(Amount in ₹ Crores)

Shree Karni Fabcom Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio
RONW (%)22.8738.9621.34
ROCE (%)16.8019.2021.83
EBITDA (%)11.579.9111.97

Company Promoters

  • Manoj Kumar Karnani
  • Radhe Shyam Daga
  • Rajiv Lakhotia
  • Raj Kumar Agarwal

Promoter Holding

Pre Issue Share Holding96.16%
Post Issue Share Holding70.07%

Shree Karni Fabcom IPO Lead Manager(s)

19 R N Mukherjee Road, Main Building, 2nd Floor,
Kolkata- 700 001, West Bengal, India
Phone: +91 33 4600 0607

Shree Karni Fabcom Registrar

T-34, 2nd Floor, Okhla Industrial Area,
Phase-II New Delhi- 110 020
Phone: +91 112 638 7281/83

Shree Karni Fabcom Contact Details

Plot 188,189,190, Block No. 314,
Rajhans Texpa, Village Baleshvar,
Taluka Palsana, Surat – 394 317, Gujarat
Phone: +91 262 235 0900

Shree Karni Fabcom IPO Allotment Status

Shree Karni Fabcom IPO allotment status will be available on Mas Services’ website. Click on Mas Services IPO weblink to get allotment status.

Final thoughts

Shree Karni Fabcom IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.

Happy Investing

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