Listing Details
- Listing Exchange NSE SME
- Listing Date 12-Oct-23
- IPO Price Range ₹ 76
- Listing Price ₹ 81
- Listing Change 6.6%
- Last Traded Price ₹ 319.5
- Current Change 320.4%
Karnika IPO Details
- Open Date 29-Sep-23
- Close Date 05-Oct-23
- Lot Size 1600
- IPO Size ₹ 25.07 Cr
- IPO Price Range ₹ 76
- Min Investment ₹ 121600
- Listing Exchange NSE SME
- Basis of Allotment 10-Oct-23
- Refunds 11-Oct-23
- Credit to Demat Account 12-Oct-23
- Listing Date 13-Oct-23
Karnika Industries IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 29-Sep-23 | - | 0.10 | 0.16 | 0.13 |
| 03-Oct-23 | - | 0.03 | 0.46 | 0.25 |
| 04-Oct-23 | - | 0.56 | 0.90 | 0.73 |
| 05-Oct-23 | - | 3.22 | 2.91 | 3.07 |
Karnika IPO Synopsis
Karnika Industries Limited IPO is all set to open from 29th September to 4th October 2023. The company is involved in the business of manufacturing and exporting garments. The IPO includes a fresh issue of 3,299,200 shares worth ₹25.07 cr. The share allotment date is 9th October, and the IPO will be listed on 12th October, on the stock exchanges. The price band is ₹76 per share and the lot size is 1600 shares.
Beeline Capital Advisors Pvt Ltd is the book-running lead manager for this IPO, while Skyline Financial Services Private Ltd is the registrar.
Objectives of Karnika IPO:
Karnika Industries plans to utilize the raised capital from the IPO to:
● For working capital requirements.
● General corporate purpose.
● To meet the issue expenses.
About Karnika Industries
Established in 2017, Karnika Industries is involved in the business of manufacturing and exporting garments. The company produces different types of kids' wear, such as shorts, joggers, capri, tees, rompers, sleepsuits, pajamas, winter wear, infant wear, and more.
Karnika Industries has well-established manufacturing facilities which are crucial for the business to design, prepare the sample, quality inspection, iron, and packing of Garments. The manufacturing units are quite modern and have all the necessary hi-tech machines and tools.
The company’s sells its products under the brand KARNIKA. The sub-categories include KARNIKA Care, KARNIKA Cool, KARNIKA Cube, KARNIKA Life, KARNIKA Key, and KARNIKA Club.
Peer Comparison
● S.P. Apparels Limited
● Veekayem Fashion and Apparels Limited
Karnika Industries Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue | 124.59 | 98.81 | 47.46 |
| EBITDA | 16.64 | 9.72 | 2.43 |
| PAT | 8.27 | 4.54 | 0.82 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 100.71 | 59.21 | 30.56 |
| Share Capital | 9.10 | 18.61 | 3.78 |
| Total Borrowings | 82.64 | 40.61 | 26.78 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | -10.71 | -15.31 | -5.60 |
| Net cash from / (used in) investing activities | -1.37 | -0.45 | -0.37 |
| Net cash flow from / (used in) financing activities | 13.60 | 15.05 | 6.72 |
| Net increase (decrease) in cash and cash equivalents | 1.52 | -0.72 | 0.75 |
Karnika IPO Key Points
-
Strengths
1. The company has a diversified portfolio.
2. Maintains higher quality standards.
3. Cost-effective production and timely fulfilment of orders.
4. The business model is order-driven and scalable.
5. It has long-term relationships with its clients.
6. Higher customer satisfaction.
7. Experienced promoters and stable business.
-
Risks
1. Dependent on Job work for manufacturing of products.
2. The business is manpower intensive.
3. The company has a substantial amount of outstanding indebtedness.
4. Subject to foreign currency exchange rate fluctuations.
5. Operates in a competitive industry.
6. Higher working capital requirements.
7. Negative cash flows in the past.
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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Karnika IPO FAQs
What is the minimum lot size and investment required for the Karnika Industries IPO?
The minimum lot size of Karnika Industries IPO is 1600 shares and the investment required is ₹1,21,600.
What is the price band of Karnika Industries IPO?
The price for Karnika Industries IPO is ₹76 per share.
When does the Karnika Industries IPO opens and closes?
Karnika Industries IPO opens from 29th September to 4th October 2023.
What is the size of the Karnika Industries IPO?
The Karnika Industries IPO size is ₹25.07 cr.
What is the allotment date of the Karnika Industries IPO?
The share allotment date of Karnika Industries IPO is 9th October 2023.
What is the Karnika Industries IPO listing date?
The Karnika Industries IPO will be listed on 12th October 2023.
Who are the book runners for the Karnika Industries IPO?
Beeline Capital Advisors Pvt Ltd is the book-running lead manager for Karnika Industries IPO.
What is the objective of the Karnika Industries IPO?
Karnika Industries plans to utilize the raised capital from the IPO to:
1. For working capital requirements.
2. General corporate purpose.
3. To meet the issue expenses.
How to apply for the Karnika Industries IPO?
To apply for Karnika Industries IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Karnika Industries IPO
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
● You will receive a mandate notification to block funds in your UPI app.
Contact Details of Karnika Industries IPO
Contact Information
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/Default/Index
Karnika Industries IPO Register
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Karnika Industries IPO Lead Manager
Beeline Capital Advisors Pvt Ltd