Shree Karni Fabcom Limited
Book Built Issue IPO · NSE
- Price band
- ₹220 - ₹227
- Lot size
- 600 shares
- Issue amount
- ₹42.49 cr
- Total subscription
- 295.84×
- Opens
- 6 Mar 2024
- Closes
- 11 Mar 2024
- Allotment
- 12 Mar 2024
- Listing
- 14 Mar 2024
Offer at a glance
Issue overview
- Issue size
- 18,72,000 shares
- Face value
- ₹10 Per Equity Share
- Minimum investment
- ₹1,32,000
- Fresh issue
- ₹42.49 cr
- Offer for sale
- ₹0 cr
- Registrar
- Mas Services Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,36,200
- Issue type
- Book Built Issue IPO
- Shares before issue
- 52,00,000
- Shares after issue
- 70,72,000
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 600 | ₹1,36,200 |
| HNI | 2 | 1,200 | ₹2,72,400 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| — | — |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 8.08 | 912.17 |
| RETAIL | 14.14 | 4,654.2 |
| NIB | 6.06 | 2,798.46 |
Financial performance
Company financials
in ₹ Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-23 | Mar-22 | Mar-21 |
|---|---|---|---|
| EPS | 11.1 | 51.48 | 15.35 |
| ROE | 21.34 | 38.96 | 22.87 |
| ROCE | 21.83 | 19.2 | 16.8 |
| RONW | 21.34 | 38.96 | 22.87 |
| PRE IPO(PE) | 6.17 | 0 | 0 |
| POST IPO(PE) | 21.26 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Shree Karni Fancom Limited, founded in March 2018, is a distinguished manufacturer specializing in customized knitted and woven fabrics for industries such as luggage, medical arch support, chairs, shoes, and apparel. With expertise in technical textiles, the company produces high-quality woven, knitted, coated, and 100% polyester fabrics, sourcing premium raw materials to ensure superior product standards. Its advanced manufacturing unit features highly automated machinery, enabling impressive production capacities, including 70,000 meters of weaving per day, 90,000 kilos of knitting per month, and 50,000 meters of coating per day, among others. Recognized for its stringent quality management, Shree Karni Fancom holds an ISO 9001:2015 certification from INTERTEK, affirming its commitment to excellence. Serving a widespread clientele across 13 states, including contract manufacturers of branded luggage and shoe manufacturers, the company continues to strengthen its market presence. With a dedicated workforce of 39 employees as of November 30, 2023, Shree Karni Fancom Limited remains committed to innovation and growth in the specialized technical textiles industry.
Strengths
- The technical textiles industry is highly competitive, leading to pricing pressures. To mitigate this, the company can focus on product differentiation, branding, and supply chain optimization to maintain profitability.
- Over-reliance on a few suppliers may cause disruptions or price volatility. Diversifying suppliers, securing long-term contracts, and exploring backward integration can help ensure raw material stability.
- Strict environmental and labor laws can lead to penalties if not met. Strengthening compliance teams, adopting sustainable practices, and maintaining necessary certifications will help mitigate risks.
- Slowdowns in key sectors can impact sales. Expanding into new markets, developing value-added products, and strengthening export strategies can help balance demand fluctuations.
- Rapid advancements may make existing products obsolete. Investing in R&D, collaborating with research institutions, and upgrading manufacturing processes will keep the company competitive.
Risk factors
- The company should adopt a phased expansion approach, engage project management consultants, and conduct financial audits to control costs. Strategic supplier agreements and logistics planning can prevent procurement delays and improve supply chain efficiency.
- Early engagement with regulatory authorities and hiring compliance experts can help secure necessary approvals. Additionally, identifying alternative manufacturing sites can reduce location-based risks.
- Obtaining a third-party financial appraisal and maintaining transparency in fund utilization will enhance investor trust. Exploring diversified funding options, such as bridge financing, can ensure liquidity for expansion.
- The company must establish contingency plans, secure operational insurance, and strengthen compliance through regular audits. Implementing automation can enhance manufacturing resilience and reduce dependency on manual operations.
Promoters
Manoj Kumar Karnani
Radhe Shyam Daga
Rajiv Lakhotia
Raj Kumar Agarwal
Read the latest IPO market update.
Registrar & documents
Lead manager
Horizon Management Private Limited
Registrar & contacts
Mas Services Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Plot 188,189,190, Block No. 314, Rajhans Texpa Village Baleshvar, Taluka Palsana, Surat - 394 317
+91 262 235 0900
[email protected]Company website ↗Understanding SHREEKARNI IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.