Shree Karni Fabcom is offering new shares for sale through an IPO, which means people can buy a part of the company by investing money. The total value of the IPO is Rs 42.49 crores, and they are selling 18.72 lakh new shares.
If you want to invest, you can subscribe to the Shree Karni Fabcom IPO starting from March 6, 2024, until March 11, 2024. The company will decide who gets how many shares on Tuesday, March 12, 2024. The shares will be available for trading on the NSE SME from Thursday, March 14, 2024.
The price for one share is between ₹220 and ₹227. If you want to apply, you need to buy at least 600 shares, which would cost ₹136,200. If you are a big investor (HNI), you need to buy 2 lots, which means 1,200 shares, and it will cost ₹272,400.
Horizon Management Private Limited is helping with the IPO process, and Mas Services Limited is taking care of the paperwork. MLB Stock Broking is the market maker for the Shree Karni Fabcom IPO.
For more details, you can check the Shree Karni Fabcom IPO RHP document.
Shree Karni Fancom Limited Overview
Incorporated in March 2018, Shree Karni Fancom Limited specializes in producing customized knitted and woven fabrics for various industries, including luggage, medical arch support, chairs, shoes, and apparel. The company focuses on Woven Fabrics, Knitted Fabrics, Coated Fabrics, and 100% polyester. They source yarn, resin, acrylic, and coating chemicals to manufacture specialized technical textiles.
The manufacturing unit is equipped with modern, highly automated machines with installed capacities of 70k meters/day for weaving, 90k kilos/month for knitting, 50k meters/day for coatings, 15k meters/day for PVC, 8k meters/day for EVA lamination, and 40k meters/day for heat embossing.
Revenue from operations for the 8 months ended November 30, 2023, amounted to ₹7572.22 lakhs. The revenue for fiscal years 2021, 2022, and 2023 was ₹3287.42 lakhs, ₹8357.36 lakhs, and ₹12694.65 lakhs respectively, showing a remarkable CAGR of 56.89% during this period.
The company has been recognized for its management system, having received the ISO 9001:2015 certificate from INTERTEK.
Shree Karni Fancom Limited sells its products to various contract manufacturers of branded luggage and shoe manufacturers, traders, and others located in 13 states. As of November 30, 2023, the company employs 39 individuals across various departments
Shree Karni Fabcom IPO Objectives
- Funding the capital expenditure for setting up a dyeing unit in Navsari District, Surat, Gujarat.
- Funding the purchase of new machinery intended for installation at the new unit in Palsana, Surat, Gujarat. This is aimed at expanding the product portfolio, particularly in the manufacturing of bags.
- Funding the working capital requirements of the company.
- General Corporate Purposes.
Shree Karni Fabcom IPO Timeline (Tentative Schedule)
| Event | Date |
|---|---|
| IPO Open Date | Wednesday, March 6, 2024 |
| IPO Close Date | Monday, March 11, 2024 |
| Basis of Allotment | Tuesday, March 12, 2024 |
| Initiation of Refunds | Wednesday, March 13, 2024 |
| Credit of Shares to Demat | Wednesday, March 13, 2024 |
| Listing Date | Thursday, March 14, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 11, 2024 |
Shree Karni Fabcom IPO Details
| Details | Information |
|---|---|
| IPO Date | March 6, 2024 to March 11, 2024 |
| Listing Date | [.] (Not available) |
| Face Value | ₹10 per share |
| Price Band | ₹220 to ₹227 per share |
| Lot Size | 600 Shares |
| Total Issue Size | 1,872,000 shares (aggregating up to ₹42.49 Cr) |
| Fresh Issue | 1,872,000 shares (aggregating up to ₹42.49 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding pre-issue | 5,200,000 |
| Shareholding post-issue | 7,072,000 |
| Market Maker Portion | 93,600 shares (MLB Stock Broking) |
Shree Karni Fabcom IPO Lot Size
In the Shree Karni Fabcom IPO, investors have the opportunity to bid for a minimum of 600 shares and increase their investment in multiples of this quantity. The table below outlines the minimum and maximum investment options for both retail investors and High Net Worth Individuals (HNI) in terms of shares and corresponding amounts.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹136,200 |
| Retail (Max) | 1 | 600 | ₹136,200 |
| HNI (Min) | 2 | 1,200 | ₹272,400 |
Shree Karni Fabcom Limited Financial Information (Restated Consolidated)
| Period Ended | 30 Nov 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 14,124.38 | 9,864.25 | 5,911.11 | 2,743.05 |
| Revenue | 7,599.48 | 12,704.05 | 8,365.18 | 3,289.86 |
| Profit After Tax | 813.44 | 555.25 | 514.84 | 153.48 |
| Net Worth | 1,912.17 | 2,602.24 | 1,321.61 | 671.23 |
| Reserves and Surplus | 1,392.17 | 2,502.24 | 1,221.61 | 571.23 |
| Total Borrowing | 9,504.27 | 3,658.72 | 2,718.09 | 1,451.30 |
Shree Karni Fabcom Limited’s revenue increased by 51.87% and profit after tax (PAT) rose by 7.85% between the financial year ending with March 31, 2023, and March 31, 2022. Amounts are in ₹ Lakhs.
Shree Karni Fabcom IPO Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 42.56% |
| ROCE | 11.34% |
| RoNW | 42.56% |
| P/BV | 6.17 |
| PAT Margin (%) | 10.75% |
The market capitalization of Shree Karni Fabcom IPO is Rs 160.53 Cr as of November 30, 2023.
Shree Karni Fabcom Limited Contact Details
Shree Karni Fabcom LimitedPlot 188,189,190, Block No. 314,
Rajhans Texpa Village Baleshvar
Taluka Palsana, Surat – 394 317,
Phone: +91 262 235 0900
Email: shreekarni@skflindia.com
Website: http://www.skflindia.com/