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Open
6 Mar 2024
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Close
11 Mar 2024
3
Allotment
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Listing
Thu, Mar 14, 2024
Price Band
₹220 to ₹227
Issue Size
18,72,000 shares (agg. up to ₹42 Cr)
Lot Size
600 Shares
Listing Date
Thu, Mar 14, 2024
Latest GMP
₹30
Est. Gain
13.22%
✦ AI Insight
GMP Trend
14-03-2024₹30Est. ₹257+13.22%
13-03-2024₹30Est. ₹257+13.22%
12-03-2024₹180Est. ₹407+79.3%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 212.81x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Nov 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 141.24 | 98.64 | 59.11 | 27.43 |
| Total Income | 75.99 | 127.04 | 83.65 | 32.90 |
| Profit After Tax | 8.13 | 5.55 | 5.15 | 1.53 |
| NET Worth | 19.12 | 26.02 | 13.22 | 6.71 |
| Reserves and Surplus | 13.92 | 25.02 | 12.22 | 5.71 |
| Total Borrowing | 95.04 | 36.59 | 27.18 | 14.51 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Kalahridhaan Trendz Ltd. | SME | ₹22.49 Cr | ₹45 | 8.24 | ₹49.50 | +10.00% | ₹9.00 (+1.69%) |
| Shanti Spintex Ltd. | SME | ₹31.25 Cr | ₹70 | 9.82 | ₹79.80 | +14.00% | ₹38.35 (-4.12%) |
| Sahaj Fashions Ltd. | SME | ₹13.96 Cr | ₹30 | null | ₹30.35 | +1.17% | ₹11.10 (+0.00%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding the capital expenditure setting up a dyeing unit in Navsari District, Surat, Gujarat | 30.70 |
| 2 | Funding the purchase of new machinery proposed to be installed at our new unit proposed to be set up for manufacturing bags in Palsana, Surat, Gujarat, with an intent to expand our product portfolio | 1.87 |
| 3 | Funding working capital requirements of our Company | 5.00 |
| 4 | General Corporate Purposes | 3.50 |
About Shree Karni Fabcom IPO
Incorporated in March 2018, Shree Karni Fancom Limited produces customized knitted and woven fabrics for industries such as luggage, medical arch support, chairs, shoes, and apparel. They specialize in Woven Fabrics, Knitted Fabrics, Coated Fabrics, and 100% polyester, and source yarn, resin, acrylic, and coating chemicals to produce specialized technical textiles. The manufacturing unit has modern, highly automated machines that produce specialized technical textiles with installed capacities of 70k meters/day for weaving, 90k kilos/month for knitting, 50k meters/day for coatings, 15k meters/day for PVC, 8k meters/day for EVA lamination, and 40k meters/day for heat embossing. Revenue from operations for 8 months ended Nov 30, 2023 was ₹7572.22 lakhs. Fiscals 2021, 2022, 2023 revenue was ₹3287.42 lakhs, ₹8357.36 lakhs, and ₹12694.65 lakhs respectively. Revenue grew at a CAGR of 56.89% during this period. The company has been awarded a certificate for their management system, ISO 9001:2015 by INTERTEK. The company sells its products to various contract manufacturers of branded luggage and shoe manufacturers, traders, and others located in 13 states. As on November 30, 2023, the comp
Contact Details
Shree Karni Fabcom Ltd. AddressPlot 188, 189, 190, Block No.314Rajhans Texpa Village BaleshvarTaluka PalsanaSurat, Gujarat, 394317+91 262 235 0900shreekarni@skflindia.comVisit Website