IPO

Karnika Industries Limited IPO

NSE SME

Listed On: Oct 12, 2023 at ₹ 81.0

₹ 121600 /1600 Shares

Check Allotment

Karnika Industries Limited IPO Details

29 Sep, 2023

Open Date

05 Oct, 2023

Close Date

09 Oct, 2023

Allotment Date

12 Oct, 2023

Listing Date

Issue Price

₹76 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

NSE SME

Registrar

Skyline Financial Services Private Ltd

List Price

81.0

Listing Date

2023-10-12

Market Lot

1600 Shares (₹121,600/-)

Lead Manager

Beeline Capital Advisors Pvt Ltd

Issue Size

3,299,200 shares(aggregating up to ₹25.07 Cr)

Retail Portion

50%

Subscription

3.12 times

IPO Docs

Karnika Industries Limited IPO Subscription Details

As onQIB / NIIRetailTotal
Shares Offered / Reserved1,566,4001,566,4003,132,800
Day 1 - 29-09-23 06:00 PM0.10 x0.16 x0.13 x
Day 2 - 03-10-23 06:00 PM0.03 x0.46 x0.25 x
Day 3 - 04-10-23 05:00 PM0.56 x0.90 x0.73 x
Day 4 - 05-10-23 05:00 PM3.32 x2.91 x3.12 x

Karnika Industries Limited Valuations

Earnings Per Share (EPS)

₹9.66/-

P/E Ratio

7.57

RoNW

45.76%

Net Asset Value (NAV) - Post Issue

₹N/A/-

Karnika Industries Limited Company Financials All values are in ₹ Lakh

31-Mar-2331-Mar-2231-Mar-21
Assets10,071.045,921.423,055.87
Revenue12,605.629,892.524,779.31
Profit After Tax826.74454.0181.61

About The Company

Karnika Industries Limited, previously known as Karni International, manufactures and exports garments in India.

Karnika Industries manufactures all types of kids' wear i.e., shorts, joggers, capri, tees, rompers, sleepsuits, pajamas, winter wear, infant wear, etc. The company has well-established manufacturing units for designing, preparing the sample, quality inspection, ironing, and packing of Garments that are equipped with all the necessary hi-tech machines and tools that are required for a modern manufacturing unit.

The company sells its products under the brand KARNIKA and sub-categories as KARNIKA Care, KARNIKA Cool, KARNIKA Cube, KARNIKA Life, KARNIKA Key, KARNIKA Club.

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Karnika Industries Limited - Promoter(s)

Pre Issue Share Holding: 100%

Post Issue Share Holding: 73.39%

Company Promoter(s)

  1. Mr. Niranjan Mundhra
  2. Mr. Shiv Shankar Mundhra
  3. Mr. Mahesh Kumar Mundhr

Karnika Industries Limited IPO - Issue Objectives

  1. To Meet Working Capital Requirement.
  2. General Corporate Purpose.
  3. To Meet the Issue Expenses.

Karnika Industries Limited IPO - FAQs

Ans. Karnika Industries Limited IPO is a SME IPO. The issue is priced at ₹76 per equity share. The minimum order quantity is 1600 Shares. The IPO opens on Sep 29, 2023, and closes on Oct 5, 2023. Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Ans. The Karnika Industries Limited IPO opens on Sep 29, 2023 and closes on Oct 5, 2023.

Ans. The size of Karnika Industries Limited IPO is 3,299,200 shares(aggregating up to ₹25.07 Cr).

Ans. The IPO price band is set between ₹76 per equity share.

Ans. To apply for Karnika Industries Limited IPO IPO, follow the steps given below:

  • - Open the IPO Ji App or Website
  • - Find Karnika Industries Limited IPO in the List of IPOs
  • - Press "Apply" Button
  • - Select Your Demat Account
  • - Select Your Shares Quantity and Submit
  • - Track Your IPO Status

Ans. The share allotment date of Karnika Industries Limited IPO is Oct 9, 2023.

Ans. The Karnika Industries Limited IPO will be listed on Oct 12, 2023.

Ans. Follow the steps to check the allotment status for Karnika Industries Limited IPO here.