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Shree Karni Fabcom Limited IPO : Key Dates

Shree Karni Fabcom Limited IPO is set to launch on 6 March, 2024. The company initiated its business operations in the year 2018. It manufactures custom made knitted and woven fabrics like medical arch support, luggage, shoes, chairs, apparel etc. The company specialises in knitted fabrics, woven fabrics, 100% polyester, coated fabrics, resin, source yarn, acrylic, and coating chemicals for making technical textiles. It sells its products to various shoe manufacturers and luggage distributors in more than 13 states. It has an employee base of 39 people.

Shree Karni Fabcom Limited IPO DETAILS

Shree Karni Fabcom Limited IPO is set to launch on 6 March, 2024. The subscription timeline extends till 11 March, 2024. The size for the IPO is 42.49 Crore Rs. Shares issued through fresh issue mode are worth Rs 42.49 Crore. No shares are issued through offer for sale mode. The lot size is 600 shares and the price is 220 Rs to 227 Rs per share. The company is going to get listed at NSE SME. The face value per share is Rs.10 and this is a Book Built Issue. The registrar for the company is MAS Services Limited.

Tabular Description of Shree Karni Fabcom Limited IPO

IPO OPENING DATE	6 March, 2024
CLOSING DATE FOR IPO	11 March, 2024
ISSUE TYPE	Book Built Issue
Face Value per share	10 Rs. per share
IPO price band	220 Rs to 227 Rs per share
LOT SIZE	600 shares
MINIMUM ORDER QUANTITY	600 shares
ISSUE SIZE	42.49 Crore Rs.
OFFER FOR SALE	No shares are issued through offer for sale mode
FRESH ISSUE	42.49 Crore Rs.
LISTING AT	NSE SME
LISTING DATE	14 March, 2023

Shree Karni Fabcom Limited IPO: IMPORTANT DATES

IPO OPENING DATE	6 March, 2024
CLOSING DATE FOR IPO	11 March, 2024
IPO ALLOTMENT DATE	12 March, 2024
REFUNDS	13 March, 2024
DEMAT A/C CREDITED ON	13 March, 2024
IPO LISTING DATE	14 March, 2024

Shree Karni Fabcom Limited IPO begins for subscription from 6 March, 2024. The IPO subscription would continue till 11 March, 2024. The allotment status for the shareholders who applied would come on 12 March, 2024. The refunds for the ones who did not get allotment would be initiated on 13 March, 2024. The DEMAT accounts of shareholders would be credited on 13 March, 2024. The listing of the company would be completed on 14 March, 2024.

Shree Karni Fabcom Limited IPO: Lead Managers

The lead managers are :

Horizon Management Private Limited

The minimum lot size for the company is decided at 600 shares. This holding accounts to 136200 Rs.. The maximum lot size is decided at 1200 shares (HNI). This amounts to 272400 Rs.. Hence the company’s final holdings would be set as :

	Shares	Amount
Minimum	600 shares	136200 Rs.
Maximum	1200 shares	272400 Rs.

OBJECTIVES FOR THE IPO

IPO proceeds would be used for general corporate purposes.
The company will use the IPO money for further working capital requirements.

COMPANY FINANCIALS

Particularly (in Lakh Rs.)	2020-21	2021-22	2022-23
Asset	2743	5911	9864
Revenue	3289	8365	12704
PAT	153	514	555

Shree Karni Fabcom Limited had an asset base of 2743 Lakh Rs in the year 2021. This increased to 5911 Lakh Rs in the year 2022. The asset base boosted to 9864 Lakh Rs in the year 2023. The revenue of the company was 3289 Lakh Rs in the year 2021 which increased to 8365 Lakh Rs in the year 2022. This increased to 12704 Lakh Rs in the year 2023.

The profit of the firm was 153 Lakh Rs in 2021. This increased to 514 Lakh Rs in the year 2022. The profit increased to 555 Lakh Rs in the year 2023. The revenue of the company increased by almost 4 times in the span of 3 years. Also the profit of the company boosted by 400 Lakh Rs in the span of 3 years. The asset base saw a mega boost of more than 7000 Lakh Rs in three years.

PROS

The company specialises in knitted fabrics, woven fabrics, 100% polyester, coated fabrics, resin, source yarn, acrylic, and coating chemicals for making technical textiles.
It sells its products to various shoe manufacturers and luggage distributors in more than 13 states.
It has an employee base of 39 people.

Shree Karni Fabcom Limited IPO Application Process with Zerodha

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
Click the Shree Karni Fabcom Limited IPO button and press the BID button.
Entering the details asked for like UPI ID, Quantity and price.
Submit the application form for the IPO.
Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.

dhairya@socialcoffee.in