What you must know about Shree Karni Fabcom IPO?
by 5paisa Research Team
04 Mar 2024
Listing Details
- Listing Exchange NSE SME
- Listing Date 14-Mar-24
- IPO Price Range ₹ 220
- Listing Price ₹ 260
- Listing Change 18.2%
- Last Traded Price ₹ 422.25
- Current Change 91.9%
Fabcom IPO Details
- Open Date 06-Mar-24
- Close Date 11-Mar-24
- Lot Size 600
- IPO Size ₹ 42.49 Cr
- IPO Price Range ₹ 220
- Min Investment ₹ 132,000
- Listing Exchange NSE SME
- Basis of Allotment 12-Mar-24
- Refunds 13-Mar-24
- Credit to Demat Account 13-Mar-24
- Listing Date 14-Mar-24
Shree Karni Fabcom IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 06-Mar-24 | 0.04 | 11.22 | 29.51 | 17.17 |
| 07-Mar-24 | 0.71 | 37.92 | 85.87 | 51.27 |
| 11-Mar-24 | 112.94 | 461.37 | 329.21 | 295.76 |
Fabcom IPO Synopsis
Shree Karni Fabcom Limited IPO is all set to open from 6th March to 11th March 2024. The company manufactures technical textiles. The IPO includes a fresh issue of 1,872,000 shares worth ₹42.49 cr. The share allotment date is 12th March 2024, and the IPO will be listed on 14th March 2024 on the stock exchanges. The price band is ₹220 to ₹227 and the lot size is 600 shares.
Horizon Management Private Limited is the book-running lead manager for this IPO, while MAS Services Limited is the registrar.
Objectives of Shree Karni Fabcom IPO:
Shree Karni Fabcom Limited plans to utilize the raised capital from the IPO to:
● To fund the capital expenditure requirements for setting up a new dyeing facility in Navsari, Surat.
● To fund new machinery purchase proposed to be installed in the proposed new manufacturing facility for begs in Palsana, Surat for portfolio expansion.
● For working capital requirements.
● General corporate purposes.
About Shree Karni Fabcom
Shree Karni Fabcom Limited manufactures technical textiles for luggage, medical arch support, chairs, shoes, and apparel industries. The company uses yarn, resin, acrylic, and coating chemicals to manufacture custom knitted and woven fabrics which is its expertise.
The company also specializes in Woven Fabrics, Knitted Fabrics, Coated Fabrics, and 100% polyester Fabrics. The process of weaving, coating, sizing and embossing of specialized technical textiles is outsourced to the subsidiary IGK Technical Textile LLP.
Shree Karni Fabcom has an in-house Research and Development facility and its manufacturing unit is based in Surat. The company has a wide network across India and operates in the Business-to-Business (B2B) segment with institutional manufacturers and traders.
Peer Comparison
● Nobletex Industries Limited
For More Information:
Webstory on Shree Karni Fabcom IPO
Shree Karni Fabcom Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 126.94 | 83.57 | 32.87 |
| EBITDA | 15.19 | 8.28 | 3.80 |
| PAT | 5.55 | 5.14 | 1.53 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 98.64 | 59.11 | 27.43 |
| Share Capital | 1.00 | 1.00 | 1.00 |
| Total Borrowings | 72.62 | 45.89 | 20.71 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | -0.23 | 0.41 | 2.73 |
| Net cash from / (used in) investing activities | -11.00 | -11.72 | -2.33 |
| Net cash flow from / (used in) financing activities | 11.52 | 10.88 | 0.093 |
| Net increase (decrease) in cash and cash equivalents | 0.29 | -0.43 | 0.49 |
Fabcom IPO Key Points
-
Strengths
1. The company is one of the leading specialized technical textile manufacturers with a long-standing market presence.
2. The company is strategically located in Gujarat which is the Textile State of India.
3. It has a diversified product range.
4. The company focuses on Quality Assurance and Quality control.
5. It has cost-effective production and adheres to the timely fulfillment of orders.
6. It enjoys Government Incentives.
7. The company’s management team is well-experienced.
-
Risks
1. The company is highly dependent on its Subsidiary, IGK Technical Textiles LLP.
2. The business is dependent on certain geographical regions for revenues.
3. High working capital requirements.
4. Limited operating history.
5. It faces high competition.
6. It has reported negative cash flows in the past.
Fabcom
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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Fabcom IPO FAQs
When does the Shree Karni Fabcom IPO opens and closes?
Shree Karni Fabcom IPO opens from 6th March to 11th March 2024.
What is the size of the Shree Karni Fabcom IPO?
The size of Shree Karni Fabcom IPO is ₹42.49 cr.
How to apply for the Shree Karni Fabcom IPO?
To apply for Shree Karni Fabcom 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 Shree Karni Fabcom 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.
What is the price band of Shree Karni Fabcom IPO?
The price band of Shree Karni Fabcom IPO is fixed at ₹220 to ₹22 per share.
What is the minimum lot size and investment required for the Shree Karni Fabcom IPO?
The minimum lot size of Shree Karni Fabcom IPO is 600 shares and the investment required is ₹1,32,000.
What is the allotment date of the Shree Karni Fabcom IPO?
The share allotment date of Shree Karni Fabcom IPO is 12th March 2024.
What is the Shree Karni Fabcom IPO listing date?
The Shree Karni Fabcom IPO will be listed on 14th March 2024.
Who are the book runners for the Shree Karni Fabcom IPO?
Horizon Management Private Limited is the book-running lead manager for Shree Karni Fabcom IPO.
What is the objective of Shree Karni Fabcom IPO?
Shree Karni Fabcom plans to utilize the raised capital from the IPO to:
1. To fund the capital expenditure requirements for setting up a new dyeing facility in Navsari, Surat.
2. To fund new machinery purchase proposed to be installed in the proposed new manufacturing facility for begs in Palsana, Surat for portfolio expansion.
3. For working capital requirements.
4. General corporate purposes.
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