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
Table of Contents
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 |
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 |
Karnika Industries Offer News
- Karnika Industries RHP
- Karnika Industries Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
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 |
Karnika Industries IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| Coming soon | – | – | – |
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 |
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.
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%) |
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:Â [email protected]
Website:Â www.beelinemb.com
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:Â +91 22 2851 1022
Email:Â [email protected]
Website:Â www.skylinerta.com
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
IPO FAQs
What is Karnika Industries offer size?
Karnika Industries offer size is INR 25.07 crores.
What is the Karnika Industries offer price band?
Karnika Industries public offer price is INR 76 per share.
What is the lot size of Karnika Industries public offer?
Karnika Industries offer lot size is 1,600 shares.
What is Karnika Industries IPO GMP today?
Karnika Industries IPO GMP today is INR NA per share.
What is the Karnika Industries kostak rate today?
Karnika Industries kostak rate today is INR NA per application.
What is Karnika Industries Subject to Sauda rate today?
Karnika Industries Subject to Sauda rate today is INR NA per application.
