Shree Karni Fabcom Limited IPO
₹220 - ₹227
600
296.43
| Open Date: | 06-Mar-2024 |
| Close Date: | 11-Mar-2024 |
| Allotment Date: | 12-Mar-2024 |
| Listing Date: | 14-Mar-2024 |
| Listing Price: | N/A |
| Face Value: | ₹10 Per Equity Share |
| Issue Price: | ₹220-227 Per Equity Share |
| Issue Size: | Total Issue Size 1,872,000 shares (aggregating up to ₹42.49 Cr) : Fresh Issue 1,872,000 shares (aggregating up to ₹42.49 Cr) |
| Market Lot (Min Amount): | Retail - ₹136,200 : HNI - ₹272,400 |
As on | QIB | Nll | Rll | Total |
|---|---|---|---|---|
| Shares Offered/Reserved | 355,800 | 267,000 | 622,800 | 1,245,600 |
| Day 1 - 06-03-24 05:00 PM | 0.04x | 11.26x | 29.88x | 17.37x |
| Day 2 - 07-03-24 05:00 PM | 0.71x | 37.93x | 86.24x | 51.45x |
| Day 3 - 11-03-24 05:00 PM | 112.94x | 461.58x | 330.45x | 296.43x |
| Total No. of Application: | 343,005 (Approx.) | |||
| Retail Subscription on the basis of Apps: | 330.45x | |||
| Earning Per Share(EPS) | ₹10.68/- |
| P/E Ratio | 21.26 |
| RoNW | 42.56% |
| Net Asset Value (NAV) - Post Issue: | ₹260.22/- |
| Total Assets | Total Revenue | Profit After Tax | |
|---|---|---|---|
| 31 Nov,2023 | 14,124.38 | 7,599.48 | 813.44 |
| 31 Mar,2023 | 9,864.25 | 12,704.05 | 555.25 |
| 31 Mar,2022 | 5,911.11 | 8,365.18 | 514.84 |
| 31 Mar,2021 | 2,743.05 | 3,289.86 | 153.48 |
| Pre Issue Share Holding | 96.16% |
| Post Issue Share Holding | 70.07% |
| 1. Manoj Kumar Karnani |
| 2. Radhe Shyam Daga |
| 3. Rajiv Lakhotia |
| 4. Raj Kumar Agarwal |
The Company proposes to utilize the Net Proceeds from the Issue towards the following objects:
1. Funding the capital expenditure setting up a dyeing unit in Navsari District, Surat, Gujarat;
2. Funding the purchase of new machinery proposed to be installed at the new unit proposed to be set up for manufacturing bags in Palsana, Surat, Gujarat, with an intent to expand the product portfolio;
3. Funding working capital requirements of the company; and
4. General Corporate Purposes.
Incorporated in March 2018, Shree Karni Fancom Limited produces customized knitted and woven fabrics for industries such as luggage, medical arch support, chairs, shoes, and apparel. They specialize in Woven Fabrics, Knitted Fabrics, Coated Fabrics, and 100% polyester, and source yarn, resin, acrylic, and coating chemicals to produce specialized technical textiles.
The manufacturing unit has modern, highly automated machines that produce specialized technical textiles with installed capacities of 70k meters/day for weaving, 90k kilos/month for knitting, 50k meters/day for coatings, 15k meters/day for PVC, 8k meters/day for EVA lamination, and 40k meters/day for heat embossing.
Revenue from operations for 8 months ended Nov 30, 2023 was ₹7572.22 lakhs. Fiscals 2021, 2022, 2023 revenue was ₹3287.42 lakhs, ₹8357.36 lakhs, and ₹12694.65 lakhs respectively. Revenue grew at a CAGR of 56.89% during this period.
The company has been awarded a certificate for their management system, ISO 9001:2015 by INTERTEK.
The company sells its products to various contract manufacturers of branded luggage and shoe manufacturers, traders, and others located in 13 states.
As on November 30, 2023, the company has 39 employees in various departments.
No financial information whatsoever published anywhere, within this application, should be considered as an advise to buy or sell securities or invest in IPOs, or as guide to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
Also we are not a SEBi registered analyst comapny. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this application. Above information is based on information available as on date coupled with market perceptions.
If you are agree with app tems and condition to use the app.
Thank you.