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.
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.