IPO Details
Bidding Dates
06 Mar '24 - 11 Mar '24
Minimum Investment
₹136,200 / 1 Lot ( 600 Shares )
Price Range
₹220 - ₹227
Maximum Investment
₹136,200 / 1 Lot ( 600 Shares )
Retail Discount
Not Applicable
Issue Size
₹42.49 Cr.
Investor category and sub category
Qualified Institutional Buyers | Retail Individual Investors | Non-institutional Investor |IPO Dates
Important dates with respect to IPO allotment and listing
Opening Date
Mar 6, 2024
Closing Date
Mar 11, 2024
Basis of Allotment Date
Mar 12, 2024
Initiation of Refunds
Mar 13, 2024
Credit of Shares to Demat
Mar 13, 2024
Listing Date
Mar 14, 2024
Cut-off time for UPI mandate confirmation
Mar 11, 2024
Shree Karni Fabcom IPO Subscription Details
| Date | QIB | NII | Retail | Total |
|---|---|---|---|---|
Day 1Mar 6, 2024 |
0.04X | 9.94X | 26.05X | 15.17X |
Day 2Mar 7, 2024 |
0.05X | 16.50X | 42.99X | 25.04X |
Shree Karni Fabcom IPO Subscription Status Live
| Investor Category | Subscription (Times) |
|---|---|
| Qualified Institutional Buyers | 8.76 |
| Non-Institutional Buyers | 139.63 |
| Retail Investors | 193.76 |
| Total | 129.31 |
About Shree Karni Fabcom Ltd
Shree Karni Fabcom is engaged in the manufacturing of technical textiles tailored for diverse industries such as luggage, medical arch support, chairs, shoes, and apparel. Their product applications span a wide spectrum, including luggage, roofing, agriculture nets, vehicle covers, tents, armed forces fabric, sports kits, chairs, medical arch support, umbrellas, and raincoats.
Their production process begins with yarn procurement and encompasses weaving, coating, printing, and finishing, resulting in knitted and woven fabrics crafted to meet their clients' customised specifications. Specialising in woven, knitted, coated fabrics, and 100% polyester, they source yarn, resin, acrylic, and coating chemicals to produce specialised technical textiles.
The company specialises in converting yarn into fabric through knitting of fabrics. They outsource the weaving, coating, sizing and embossing of specialised technical textiles to their subsidiary, IGK Technical Textile LLP. Their manufacturing unit is equipped with automated machines for the manufacturing of specialised technical textiles. They market and sell under the brand ‘SKFL’.
The Indian textile and apparel industry is expected to grow at a 10% CAGR from 2019-20 to reach $190 billion by 2025-26. Technical textiles account for approximately 13% of India’s total textile and apparel market and contribute to India’s GDP at 0.7%. Therefore, an organised player in such a growing market may see growth in future revenues.
Shree Karni Fabcom Ltd IPO Details
Shree Karni Fabcom Ltd IPO Dates
The bidding for the Shree Karni Fabcom IPO will open from March 6, 2024, to March 11, 2024.
Shree Karni Fabcom Ltd IPO Price Band
Shree Karni Fabcom is a book-built IPO with a price range that has been decided at ₹220 to ₹227 per share.
Shree Karni Fabcom Ltd IPO Lot Size
The Shree Karni Fabcom Ltd IPO lot size has been decided at 600 shares.
Shree Karni Fabcom Ltd IPO Objectives
The net proceeds will be utilised towards funding the following:
- Funding the capital expenditure for setting up a dyeing unit in Navsari District, Surat, Gujarat.
- Funding the purchase of new machinery proposed to be installed at their new unit proposed to be set up for manufacturing bags in Palsana, Surat, Gujarat, with an intent to expand their product portfolio.
- Funding the working capital requirements of the company.
- General corporate purposes.
Peer Details
The company has one listed peer - Nobletex Industries Limited.
How to Check the Allotment Status of the Shree Karni Fabcom Ltd IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Contact Details of Shree Karni Fabcom Ltd
Registered office: Plot 188,189,190, Block No. 314, Rajhans Texpa, Village Baleshvar, Taluka Palsana, Surat - 394 317, Gujarat, India.
Phone: +91 262 235 0900
E-mail: shreekarni@skflindia.com
IPO Financials
| Particulars | Period Ended on November 30, 2023 | Year Ending on March 31, 2023 | Year Ending on March 31, 2022 | Year Ending on March 31, 2021 |
|---|---|---|---|---|
| Total Revenue | 7,599.48 | 12,704.05 | 8,365.18 | 3,289.86 |
| Profit (Loss) for the Year | 813.44 | 555.25 | 514.84 | 153.48 |
| EBITDA Margin | 19.02% | 11.97% | 9.91% | 11.57% |
| Return on Capital Employed | 11.34% | 21.83% | 19.20% | 16.80% |
| Net Debt/EBITDA | 6.52 | 2.38 | 3.27 | 3.68 |
Know before investing
Strengths
2-
The company’s production facility is located in Gujarat. Gujarat's geographic proximity to ports and its status as the largest producer of polyester in India significantly reduces transportation costs for Shree Karni Fabricom, making its manufacturing processes more cost-effective. The state's well-established textile value chain ensures easy access to polyester, knitting, weaving, and manufacturing of grey cloth.
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They deal in a range of quality products used in the manufacturing of luggage, roofing, agriculture nets, vehicle covers, housing and tents, armed forces fabric and sports kits, chairs, medical arch support, umbrellas and raincoats, amongst others. This diversity in their product portfolio reduces concentration risk and opens up new avenues for revenue growth.
Risks
2-
The company has not obtained any of the approvals, clearances and permissions as may be required from the relevant authorities for the proposed new manufacturing units.
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The company has yet to place orders for 100% of the plant and machinery. Any delay in placing orders or procurement of such plant and machinery may further delay the schedule of implementation and increase the cost of commissioning the manufacturing units.
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Shree Karni Fabcom Ltd IPO FAQs
Shree Karni Fabcom IPO is a book built IPO. The IPO will be open from March 6, 2024, to March 11, 2024.
The basis of allotment will be done on Tuesday, March 12, 2024. The credit of shares to the demat account will be on Wednesday, March 13, 2024.
The IPO will open for subscription from March 6, 2024, to March 11, 2024.
The lot size for the IPO is 600 shares.
Shree Karni Fabcom Ltd IPO will be listed on the NSE SME exchange on Thursday, March 14, 2024.
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange. The listing date will be Thursday, March 14, 2024.
Initially, the bank will only block the amount in your account. The money will be debited once the stocks are allotted to you.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
