Karnika Industries IPO Details, Review, Dates, Price

Karnika Industries IPO Details, Review, Dates, Price: The Rs 25.07 crore fixed price issue for Karnika Industries. The entire 32.99 lakh share offering is a new issuance. The share price for the IPO of Karnika Industries is 76. 1600 shares constitute the bare minimum lot size for an application. Retail investors are obliged to make an investment of at least 121,600. For HNI, 2 lots (3,200 shares), or a minimum investment of 243,200, are the required minimum lot size.

Karnika Industries IPO

The subscription period for the IPO of Karnika Industries begins on September 29 and ends on October 4 of that same year. On Monday, October 9, 2023, the Karnika Industries Initial Public Offering allotment is anticipated to be completed. The proposed listing date for Karnika Industries’ IPO is set on Thursday, October 12, 2023, on the NSE SME.

The registrar for the Karnika Industries IPO is Skyline Financial Services Private Ltd, while the book-running lead manager is Beeline Capital Advisors Pvt Ltd. Spread X Securities is the market maker for the IPO of Karnika Industries.

Karnika Industries IPO Overview

Karnika Industries Limited Company Overview
Company Name Karnika Industries Limited
IPO Opening Date 29 September, 2023
IPO Closing Date 04 October, 2023
Face Value 10₹ Per Share
Share Price Range 76₹
Lot Size 1600 Shares
GMP Check Here
Issue Type Fixed Price Issue IPO
Total IPO Issue Size 3,299,200 Shares
Fresh Issue Size 3,299,200 Shares
IPO Listing At NSE SME
Share Holding Pre Issue 9,100,300
Share Holding Post Issue 12,399,500
More IPO’s Check Here


Karnika Industries IPO Lot Size

Karnika Industries Limited IPO Lot Size
Minimum Retail Applications 01 Lot
Maximum Retail Applications 01 Lot
Minimum HNI Applications 02 Lots
Total Shares In Single Lot 1600 Shares
Amount For Single Lot ₹121,600


Karnika Industries IPO Time Table (Tentative)

Karnika Industries Limited IPO Time Table Complete Details
IPO Initiation Date 29 September, 2023
IPO Ending Date 04 October, 2023
Basis Of Allotment 09 October, 2023
Initiation Of Refund 10 October, 2023
Shares Credit To Demat Account 11 October, 2023
Date Of Listing 12 October, 2023
Cut Off Time For UPI Mandate Confirmation 05:00 PM, 04 October, 2023


Karnika Industries IPO Reservation Details

Karnika Industries Limited IPO Reservation Overview
Shares Offered To Retailers 50% Of Net Offer
Shares Offered To Others 50% Of Net Offer


Karnika Industries Company Financials

Karnika Industries Limited Company Financials Information
This Data Is Of 31 March, 2023
Total Revenue 12,605.65 Lakh
Assets 10,071.04 Lakh
Profit After Tax 826.74 Lakh
Net Worth 1,806.83 Lakh
Reserves And Surplus 896.80 Lakh
Debt 5,245.53 Lakh


Karnika Industries Promoters Holding

Share Holding Pre Issue 100%
Share Holding Post Issue 73.39%


Karnika Industries Key Performance Indicators

Karnika Industries Limited Key Performance Indicators
KPI Values
P/E (X) 7.57
EPS 9.66
RoNW 45.76%


Is Karnika Industries IPO Good Or Bad To Buy?

Karnika Industries Limited, formerly Karni International and founded in 2017, makes and exports clothing from India. The business sells its goods under the KARNIKA brand and in the KARNIKA Care, KARNIKA Cool, KARNIKA Cube, KARNIKA Life, KARNIKA Key, and KARNIKA Club subcategories.

Karnika Industries produces a wide range of children’s clothing, including rompers, sleepwear, pajamas, winter wear, infant wear, and shorts. The company has well-established production facilities for designing, making samples, inspecting for quality, ironing, and packaging garments. These facilities are furnished with all the cutting-edge equipment and tools needed for a modern manufacturing facility.


What Is The Objective Of Karnika Industries IPO Issue?

There are 3 main objectives of Karnika Industries IPO :-

  • To meet the need for working capital.
  • To cover the associated costs.
  • Broader corporate objectives.


How To Apply For Karnika Industries IPO?

UPI or ASBA can be used as a payment option while submitting an online application for Karnika Industries’ IPO. You can access the ASBA IPO application through your bank account’s net banking. Brokers who do not possess a banking license may use UPI to file for an IPO. To apply for an IPO online, use Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank, or SBI Bank.

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