Karnika Industries Ltd

Textiles

Offer Period :

29th to 10th Oct 2023

Founded in 2017 as Karni International, now Karnika Industries Limited specializes in manufacturing and exporting a diverse range of kids' wear in India. Operating under the brand KARNIKA, Read more... the company offers various sub-categories like KARNIKA Care, Cool, Cube, Life, Key, and Club.Read less

Karnika Industries Ltd IPO Details

IPO Date 29th to 10th Oct 2023 Minimum Investment ₹121600 / 1 Lots
Listing Date 2023-10-12 Maximum Investment ₹121600 / 1 Lots
Face Value ₹10 per share Total Issue Size ₹25.07 Crores
Price ₹76 to ₹76 per share Fresh Issue ₹25.07 Crores
Lot Size 1 Lots (1600 Shares) Offer For Sale ₹ 0
Listing At NSE-SME Retail Discount ₹ 0
Employee Discount ₹ 0    
IPO Date 29th to 10th Oct 2023
Listing Date 2023-10-12
Face Value ₹10 per share
Price ₹76 to ₹76 per share
Lot Size 1 Lots (1600 Shares)
Listing At NSE-SME
Employee Discount ₹0 Crores
Minimum Investment ₹121600 / 1 Lots
Maximum Investment ₹121600 / 1 Lots
Total Issue Size ₹25.07 Crores
Fresh Issue ₹25.07 Crores
Offer For Sale
Retail Discount ₹ 0

Tentative Timeline

Important dates for allocation and IPO listing.

29th Sep

IPO Starts

5th Oct

IPO Ends

-

Allotment Date

-

Initiation of Refund

-

Credit of Shares to Demat Account

12th Oct

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 99.99 73.38
Public Group 0.01 26.62

Karnika Industries Ltd IPO Reservation

QIB Shares Offered 0(0%)
NII (HNI) Shares Offered 1566400(47.48%)
Retail Shares Offered 1566400(47.48%)
Anchor Investor Shares Offered 0(0%)
Total Shares Offered 3299200
Total Shares With Anchor Investor 3299200

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Karnika Industries Ltd IPO Registrar

Skyline Financial Services Pvt
Phone Number 011-40450193-197
Email Id ipo@skylinerta.com
Our Website www.skylinerta.com

Karnika Industries Ltd IPO Lead Manager

1. Beeline Capital Advisors Pvt Ltd

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Karnika Industries Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of Karnika Industries Ltd

1. Diversified Product Portfolio.

2. Consistency in Quality and Service Standards.

3. Cost effective production and timely fulfilment of orders.

4. Scalable Business Model.

5. Organizational stability along with management expertise.

6. Existing client relationship.

7. High level of customer satisfaction.

Risks Involved

1. The loss, shutdown or slowdown of operations of the facility or the under-utilization of any such facility may have a material effect on the company results of operations and financial condition.

2. The company has significant power requirements for continuous running of the factories. Any disruption to its operations on account of interruption in power supply or any irregular or significant hike in power tariffs may have an effect on the company business, results of operations and financial condition.

3. The company is dependent on Job work for manufacturing of its Products, any disruption to the operations on account of Job work may have an effect on the business, results of operations and financial condition.

4. The company's business is manpower intensive and any unavailability of the employees or shortage of labour or any strikes, work stoppages, increased wage demands by workmen or changes in regulations governing hiring of labour may have an adverse impact on its cash flows and results of operations.

5. There are outstanding legal proceedings involving the Company and Group Company. Any adverse decision in such proceedings may have a material adverse effect on its business, results of operations and financial condition.

6. The restated financial statements have been provided by peer reviewed chartered accountants who is not statutory auditor of the Company.

7. The property used by the Company for the purpose of its operations is not owned by it. Any termination of the relevant rent agreement in connection with such property or its failure to renew the same could adversely affect the company operations.

8. The company top ten customers contribute majority of the revenues from operations. Any loss of business from one or more of them may adversely affect its revenues and profitability.

9. The company top ten suppliers contribute majority of the purchases. Any loss of business with one or more of them may adversely affect its business operations and profitability.

10. Its may not be able to adapt to changing market trends and customer requirements in the fashion market in a timely manner, or at all.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
 
Total Assets
Total Liabilities
Total Expenses
Total Revenue 
Profit After Tax
EBITDA
Adjusted EBITDA

Karnika Industries Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2023-10-12 91665 KARNIKA
INE0MGA01012
₹76 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹76 ₹76
Open ₹0 ₹81
Low ₹0 ₹81
High ₹0 ₹85.05
Low ₹0 ₹81

Frequently Asked Questions

What is Karnika Industries Ltd IPO?

Answer Field

Karnika Industries Ltd IPO is a SME IPO of 32,99,200 equity shares of a face value of ₹10 aggregating up to ₹25.07 Crores. The issue is priced at ₹76 to ₹76 per share. The minimum order quantity is 1600 Shares. The IPO opens on September 29, 2023, and closes on October 05, 2023. Skyline Financial Services Pvt is the registrar for the IPO. The shares are proposed to be listed on NSE-SME.

When Karnika Industries Ltd IPO will open?

Answer Field

The Karnika Industries Ltd IPO opens on September 29, 2023 and closes on October 05, 2023.

What is the lot size of Karnika Industries Ltd?

Answer Field

Karnika Industries Ltd lot size is 1600 shares, and the minimum amount required is ₹1,21,600.

How to apply for Karnika Industries Ltd IPO?

Answer Field

You can apply in Karnika Industries Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Karnika Industries Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Karnika Industries Ltd IPO will be done on [-], and the allotted shares will be credited to your demat account by [-].

When is Karnika Industries Ltd IPO listing date?

Answer Field

The Karnika Industries Ltd listing date is October 12, 2023.

Who is the registrar of Karnika Industries Ltd IPO?

Answer Field

The registrar of Karnika Industries Ltd IPO is Skyline Financial Services Pvt

Which company is the book-running lead manager of the IPO?

Answer Field

Beeline Capital Advisors Pvt Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Karnika Industries Ltd IPO?

Answer Field

The fresh issue size is ₹25.07 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Karnika Industries Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 1600 shares and ₹1,21,600 amount.

How can I approve the UPI mandate request for Karnika Industries Ltd IPO?

Answer Field

To apply for Karnika Industries Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Karnika Industries Ltd?

Answer Field

The price of each Karnika Industries Ltd share will be ranging in between ₹76 to ₹76 per share.

What is the cut-off time for the UPI mandate for Karnika Industries Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, October 05, 2023.

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