Last updated on March 14, 2024
Shree Karni Fabcom IPO description – Shree Karni Fabcom manufactures specialized technical textiles including weaving, coating, printing, and finishing of grey fabric to produce finished knitted and woven fabrics. They specialize in various fabrics like woven, knitted, coated, 100% polyester, and recycled polyester. The company sources materials domestically and sells to manufacturers in luggage, medical support, chairs, shoes, and apparel industries.
The company’s product applications span a wide spectrum, including luggage, roofing, agriculture netting, vehicle covers, tents, armed forces fabric, sports kits, chairs, medical arch support, umbrellas, and raincoats. The manufacturing unit is equipped with automated machines for the production of specialized technical textiles, with an installed capacity of 70,000 meters per day for weaving. The company markets and sells under the brand ‘SKFL’.
As of 31 October 2023, the company has acquired a 66.67% stake in IGK Technical Textile LLP, which is engaged in weaving, coating, sizing, and embossing of specialized technical textiles. As on 30 November 2023, the company has 39 employees.
Promoters of Shree Karni Fabcom – Manoj Kumar Karnani, Radhe Shyam Daga, Rajiv Lakhotia, and Raj Kumar Agarwal
Table of Contents
Shree Karni Fabcom IPO Details
| Shree Karni Fabcom IPO Dates | 6 – 11 March 2024 |
| Shree Karni Fabcom Issue Price | INR 220 – 227 per share |
| Fresh issue | 1,872,000 shares (INR 42.49 crore) |
| Offer For Sale | Nil |
| Total IPO size | 1,872,000 shares (INR 42.49 crore) |
| Minimum bid (lot size) | 600 shares (INR 136,200) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE Emerge |
Shree Karni Fabcom Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 | 8M FY 2024 |
| Revenue | 32.87 | 83.57 | 126.95 | 75.72 |
| Expenses | 31.22 | 78.40 | 118.53 | 65.08 |
| Net income | 1.53 | 5.15 | 5.55 | 8.13 |
Shree Karni Fabcom Offer News
- Shree Karni Fabcom RHP
- Shree Karni Fabcom Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Shree Karni Fabcom Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 15.35 | 51.48 | 11.10 |
| PE ratio | – | – | 19.82 – 20.45 |
| RONW (%) | 22.87 | 38.96 | 21.34 |
| NAV | 67.12 | 132.16 | 260.22 |
| ROCE (%) | 16.80 | 19.20 | 21.83 |
| EBITDA (%) | 11.57 | 9.91 | 11.97 |
| Debt/Equity | – | – | – |
Shree Karni Fabcom IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 13 March 2024 | 175 | – | 85,000 |
| 12 March 2024 | 220 | – | 105,000 |
| 11 March 2024 | 250 | – | 125,000 |
| 9 March 2024 | 250 | – | 125,000 |
| 8 March 2024 | 250 | – | 125,000 |
| 7 March 2024 | 285 | – | 145,000 |
| 6 March 2024 | 285 | – | 145,000 |
| 5 March 2024 | 250 | – | 125,000 |
| 4 March 2024 | 200 | – | 110,000 |
| 2 March 2024 | 100 | – | 45,000 |
| 1 March 2024 | 40 | – | 17,500 |
Shree Karni Fabcom IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 355,800 | 267,000 | 622,800 | 1,245,600 |
| 11 Mar 2024 | 112.94 | 461.72 | 329.21 | 295.84 |
| 7 Mar 2024 | 0.71 | 38.15 | 84.87 | 50.81 |
| 6 Mar 2024 | 0.04 | 10.91 | 27.42 | 16.06 |
The above calculations do not include the market maker reservation portion of 93,600 shares.
Shree Karni Fabcom IPO Allotment Status
Shree Karni Fabcom IPO allotment status will be available on Mas Services’ website. Click on Mas Services IPO weblink to get allotment status.
Shree Karni Fabcom IPO Dates & Listing Performance
| IPO Opening Date | 6 March 2024 |
| IPO Closing Date | 11 March 2024 |
| Finalization of Basis of Allotment | 12 March 2024 |
| Initiation of refunds | 13 March 2024 |
| Transfer of shares to demat accounts | 13 March 2024 |
| IPO Listing Date | 14 March 2024 |
| Opening Price on NSE SME | INR 260 per share (up 14.54%) |
| Closing Price on NSE SME | INR 273 per share (up 20.26%) |
Shree Karni Fabcom Offer Lead Manager
HORIZON MANAGEMENT PRIVATE LIMITED
19 R N Mukherjee Road, Main Building, 2nd Floor,
Kolkata- 700 001, West Bengal, India
Phone:Â +91 33 4600 0607
Email:Â [email protected]
Website:Â www.horizonmanagement.in
Shree Karni Fabcom Offer Registrar
MAS SERVICES LIMITED
T-34, 2nd Floor, Okhla Industrial Area,
Phase-II New Delhi- 110 020
Phone:Â +91 112 638 7281/83
Email:Â [email protected]
Website:Â www.masserv.com
Shree Karni Fabcom IPO Contact Details
SHREE KARNI FABCOM LIMITED
Plot 188,189,190, Block No. 314,
Rajhans Texpa, Village Baleshvar,
Taluka Palsana, Surat – 394 317, Gujarat
Phone: +91 262 235 0900
E-mail: [email protected]
Website: www.skflindia.com
IPO FAQs
What is the Shree Karni Fabcom offer size?
Shree Karni Fabcom’s offer size is INR 42.49 crores.
What is the Shree Karni Fabcom offer price band?
Shree Karni Fabcom’s public offer price is INR 220 – 227 per share.
What is the lot size of the Shree Karni Fabcom IPO?
Shree Karni Fabcom’s offer lot size is 600 shares.
What is Shree Karni Fabcom IPO GMP today?
Shree Karni Fabcom IPO GMP today is INR 175 per share.
What is the Shree Karni Fabcom kostak rate today?
Shree Karni Fabcom’s kostak rate today is INR NA per application.
What is Shree Karni Fabcom Subject to the Sauda rate today?
Shree Karni Fabcom is Subject to the Sauda rate today is INR 85,000 per application.
