Karnika Industries IPO GMP, Review, Price, Allotment

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Last updated on October 12, 2023

Karnika Industries IPO GMP

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.

Karnika Industries

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


Karnika Industries IPO Details

Karnika Industries IPO Dates29 Sep – 5 Oct 2023
Karnika Industries IPO PriceINR 76 per share
Fresh issue32,99,200 shares (INR 25.07 crore)
Offer For SaleNIL
Total IPO size32,99,200 shares (INR 25.07 crore)
Minimum bid (lot size)1,600 shares (INR 121,600)
Face Value INR 10 per share
Retail Allocation50%
Listing OnNSE SME

Karnika Industries Financial Performance

 FY 2021FY 20221 – 12 April
2022
13 Apr 2022 –
31 Mar 2023
Revenue47.4698.816.37124.59
Expenses46.5491.766.01114.92
Net income0.824.540.268.27
Figures in INR Crores unless specified otherwise

Karnika Industries Offer News


Karnika Industries Valuations & Margins

FY 2021FY 2022FY 2023
EPS1.176.499.66
PE ratio7.87
RONW (%)21.5824.4045.76
NAV10.8053.1719.85
ROCE (%)52.9952.0191.90
EBITDA (%)5.119.8413.36
Debt/Equity 4.151.202.90
*Compiled by IPO Central from Prospectus

Karnika Industries IPO GMP Today

DateConsolidated IPO GMPKostakSubject to Sauda
Coming soon

Karnika Industries IPO Subscription – Live Updates

CategoryNon-retailRetailTotal
Shares Offered1,732,8001,566,4003,299,200
5 Oct 20233.012.912.96
4 Oct 20230.600.890.74
3 Oct 20230.120.460.28
29 Sep 20230.090.160.12

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 Date29 September 2023
IPO Closing Date5 October 2023
Finalization of Basis of Allotment9 October 2023
Initiation of refunds11 October 2023
Transfer of shares to demat accounts12 October 2023
IPO Listing Date12 October 2023
Opening Price on NSE SMEINR 81 per share (up 6.58%)
Closing Price on NSE SMEINR 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[email protected]
Website: 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: +91 22 2851 1022
Email: [email protected]
Website: 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.

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