Karnika Industries IPO GMP, Review, Price, Allotment

Last updated on October 12, 2023

Karnika Industries IPO description – Karnika Industries is an ISO 14001:2015 certified manufacturer, trader, and exporter of garments. The company manufactures all types of kid’s wear i.e., shorts, joggers, capri, tees, rompers, sleepsuits, pajamas, winter wear, infant wear, etc.

It has well-established capabilities in the areas of designing, manufacturing, preparation of samples, quality inspection, ironing, and packing of garments. Karnika Industries sells the products under the brand KARNIKA and sub-categories as KARNIKA Care, KARNIKA Cool, KARNIKA Cube, KARNIKA Life, KARNIKA Key, KARNIKA Club.

For the period from 13 April 2022 to 31 March 2023, the company’s total Income and restated profit after tax were INR  126.06 crores and INR 8.27 crores. For the period from 01 April 2022 to 12 April 2022, the company’s total income and restated profit after tax were INR 6.38 crore and INR 0.26 crore.

Promoters of Karnika Industries – Mr. Niranjan Mundhra, Mr. Shiv Shankar Mundhra, and Mr. Mahesh Kumar Mundhr

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Karnika Industries IPO Details

Karnika Industries IPO Dates	29 Sep – 5 Oct 2023
Karnika Industries IPO Price	INR 76 per share
Fresh issue	32,99,200 shares (INR 25.07 crore)
Offer For Sale	NIL
Total IPO size	32,99,200 shares (INR 25.07 crore)
Minimum bid (lot size)	1,600 shares (INR 121,600)
Face Value	INR 10 per share
Retail Allocation	50%
Listing On	NSE SME

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Karnika Industries Financial Performance

	FY 2021	FY 2022	1 – 12 April 2022	13 Apr 2022 – 31 Mar 2023
Revenue	47.46	98.81	6.37	124.59
Expenses	46.54	91.76	6.01	114.92
Net income	0.82	4.54	0.26	8.27

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Karnika Industries Offer News

• Karnika Industries RHP
• Karnika Industries Draft Prospectus
• ASBA IPO Forms
• Live IPO Subscription Status
• IPO Allotment Status

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Karnika Industries Valuations & Margins

	FY 2021	FY 2022	FY 2023
EPS	1.17	6.49	9.66
PE ratio	–	–	7.87
RONW (%)	21.58	24.40	45.76
NAV	10.80	53.17	19.85
ROCE (%)	52.99	52.01	91.90
EBITDA (%)	5.11	9.84	13.36
Debt/Equity	4.15	1.20	2.90

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Karnika Industries IPO GMP Today

Date	Consolidated IPO GMP	Kostak	Subject to Sauda
Coming soon	–	–	–

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Karnika Industries IPO Subscription – Live Updates

Category	Non-retail	Retail	Total
Shares Offered	1,732,800	1,566,400	3,299,200
5 Oct 2023	3.01	2.91	2.96
4 Oct 2023	0.60	0.89	0.74
3 Oct 2023	0.12	0.46	0.28
29 Sep 2023	0.09	0.16	0.12

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Karnika Industries IPO Allotment Status

Karnika Industries IPO allotment status is now available on Skyline Financial Services’ website. Click on this link to get allotment status.

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Karnika Industries IPO Dates & Listing Performance

IPO Opening Date	29 September 2023
IPO Closing Date	5 October 2023
Finalization of Basis of Allotment	9 October 2023
Initiation of refunds	11 October 2023
Transfer of shares to demat accounts	12 October 2023
IPO Listing Date	12 October 2023
Opening Price on NSE SME	INR 81 per share (up 6.58%)
Closing Price on NSE SME	INR 82.60 per share (up 8.68%)

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Karnika Industries Offer Lead Manager

BEELINE CAPITAL ADVISORS PRIVATE LIMITED
B 1311-1314, Thirteenth Floor, Shilp Corporate Park,
Rajpath Rangoli Road, Thaltej, Ahmedabad- 380054
Phone: +91-79-48405357, 48406357
Email: [email protected]
Website: www.beelinemb.com

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Karnika Industries Offer Registrar

SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
A/506, Dattani Plaza, Andheri Kurla Road,
Safeed Pool, Andheri East, Mumbai – 400 072, Maharashtra
Phone: +91 22 2851 1022
Email: [email protected]
Website: www.skylinerta.com

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Karnika Industries Contact Details

KARNIKA INDUSTRIES LIMITED
6&6/1, Gurgola Ghat Road, P.O. Salkia,
Howrah, Howrah, West Bengal – 711106, India
Phone: 033-26558101
E-mail: [email protected]
Website: www.karnikaindustries.com

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IPO FAQs