Karnika Industries IPO Date, Price, Subscription, Allotment, Listing Details
![Karnika industries ipo date, price, subscription, allotment, listing details 1 Karnika industries ipo gmp details on gmpipo. Com](https://www.gmpipo.com/wp-content/uploads/Karnika-Industries-IPO-GMP-Details-on-gmpipo.com_.png)
Karnika Industries Limited, Incorporated in 2017, formerly known as Karni International, is a manufacturer and exporter of garments in India.
Karnika Industries specializes in the production of various types of children’s clothing, including shorts, joggers, capri pants, t-shirts, rompers, sleepsuits, pajamas, winter wear, and infant wear, among others. The company operates well-established manufacturing units equipped with state-of-the-art machinery and tools necessary for modern garment production. These units handle everything from design and sample preparation to quality inspection, ironing, and packaging.
The company markets its products under the brand name “KARNIKA” and offers various sub-categories such as KARNIKA Care, KARNIKA Cool, KARNIKA Cube, KARNIKA Life, KARNIKA Key, and KARNIKA Club.
Objects of the Issue (Karnika Industries IPO Objectives)
The company plans to use the net proceeds from the issue for the following purposes:
- Meeting working capital requirements.
- General corporate purposes.
- Covering the expenses related to the issue.
Karnika Industries IPO Details
The Karnika Industries IPO comprises a fixed-price offering of ₹25.07 crores, consisting entirely of 3,299,200 fresh issue shares.
IPO Date | September 29, 2023 to October 4, 2023 |
Listing Date | October 12, 2023 |
Face Value | ₹10 per share |
Price | ₹76 per share |
Lot Size | 1600 Shares |
Total Issue Size | 3,299,200 shares (aggregating up to ₹25.07 Cr) |
Fresh Issue | 3,299,200 shares (aggregating up to ₹25.07 Cr) |
Issue Type | Fixed Price Issue IPO |
Listing At | NSE SME |
Share holding pre issue | 9,100,300 |
Share holding post issue | 12,399,500 |
Market Maker portion | 166,400 shares |
DRHP Draft Prospectus: | Click Here |
RHP Draft Prospectus: | Click Here |
Karnika Industries IPO Reservation
Other Shares Offered | 50% of the net offer |
Retail Shares Offered | 50% of the net offer |
Karnika Industries IPO Lot Size
Investors have the option to bid for a minimum of 1600 shares and in multiples thereof. The following table illustrates the minimum and maximum investments allowed for both retail investors and HNI investors in terms of shares and amounts.
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 1600 | ₹121,600 |
Retail (Max) | 1 | 1600 | ₹121,600 |
HNI (Min) | 2 | 3,200 | ₹243,200 |
Karnika Industries IPO Dates
Karnika Industries IPO opens on September 29, 2023, and closes on October 4, 2023.
IPO Open Date | Friday, September 29, 2023 |
IPO Close Date | Wednesday, October 4, 2023 |
Basis of Allotment | Monday, October 9, 2023 |
Initiation of Refunds | Tuesday, October 10, 2023 |
Credit of Shares to Demat | Wednesday, October 11, 2023 |
Listing Date | Thursday, October 12, 2023 |
Cut-off time for UPI mandate confirmation | 5 PM on October 4, 2023 |
Karnika Industries Limited Financial Report
Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
---|---|---|---|
Assets | 3,055.87 | 5,921.42 | 10,071.04 |
Revenue | 4,779.31 | 9,892.52 | 12,605.62 |
Profit After Tax | 81.61 | 454.01 | 826.74 |
Net Worth | 378.14 | 1,860.88 | 1,806.83 |
Reserves and Surplus | – | – | 896.80 |
Total Borrowing | 1,570.94 | 2,224.13 | 5,245.53 |
Key Performance Indicator of Karnika Industries Ltd
KPI | Values |
---|---|
P/E (x) | 7.57 |
EPS (Rs) | 9.66 |
RoNW | 45.76% |
Karnika Industries IPO Promoter Holding
Mr. Niranjan Mundhra, Mr. Shiv Shankar Mundhra, and Mr. Mahesh Kumar Mundhr are the company’s promoters.
Share Holding Pre Issue | 100.00% |
Share Holding Post Issue | 73.39% |
Karnika Industries IPO Contact Details
Karnika Industries Limited
6&6/1, Gurgola Ghat Road P.O. Salkia
Howrah – 711106
Phone: 033-26558101
Email: info@karnikaindustries.com
Website: http://www.karnikaindustries.com/
Karnika Industries IPO Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Karnika Industries IPO FAQs
What is Karnika Industries IPO?
Karnika Industries IPO is a SME IPO comprising 3,299,200 equity shares with a face value of ₹10 each, aggregating up to ₹25.07 Crores. The issue price is ₹76 per share, and the minimum order quantity is 1600 Shares. The IPO subscription period is from September 29, 2023, to October 4, 2023.
The registrar for the IPO is Skyline Financial Services Private Ltd, and the shares are proposed to be listed on NSE SME.
How can I apply for Karnika Industries IPO through Zerodha?
Zerodha customers can apply for Karnika Industries IPO online using UPI as the payment gateway. To apply, log in to Zerodha Console (back office), navigate to the Portfolio section, click on the IPOs link, select the ‘Karnika Industries IPO’ row, and click the ‘Bid’ button. Enter your UPI ID, Quantity, and Price, then submit the IPO application form. Finally, visit the UPI App (net banking or BHIM) to approve the mandate.
When does the Karnika Industries IPO open?
The Karnika Industries IPO opens on September 29, 2023, and closes on October 4, 2023.
What is the lot size of Karnika Industries IPO?
The lot size for Karnika Industries IPO is 1600 Shares, requiring a minimum investment of ₹121,600.
How can I apply for Karnika Industries IPO?
You can apply for Karnika Industries IPO online using either UPI or ASBA as the payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who do not provide banking services. You can find more details on how to apply for IPOs online through platforms like Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank, and SBI Bank.
When will the Karnika Industries IPO allotment be finalized?
The Basis of Allotment for Karnika Industries IPO will be finalized on Monday, October 9, 2023. Allotted shares will be credited to your demat account by Wednesday, October 11, 2023. You can check the Karnika Industries IPO allotment status.
When is the Karnika Industries IPO listing date?
The listing date for the Karnika Industries IPO has not been announced yet. The tentative listing date is Thursday, October 12, 2023.