KARNIKA INDUSTRIES (NSE SME)
September 29, 2023 – October 5, 2023
| Price | ₹76 - ₹76 |
| Premium | ₹3 |
|---|---|
| Lot size | 1600 |
| Allotment | Oct 9, 2023 |
| Listing | Oct 12, 2023 |
Karnika Industries Limited
6&6/1,
Gurgola Ghat Road P.O. Salkia
Howrah - 711106
Phone: 033-26558101
Email: info@karnikaindustries.com
Website: http://www.karnikaindustries.com/Default/Index
Last updated on 05-Oct-2023 17:01:03
| Category | Offered | Applied | Times |
|---|---|---|---|
| NIB | 15,66,400 | 52,08,000 | 3.32 |
| RETAIL | 15,66,400 | 45,64,800 | 2.91 |
| Total | 31,32,800 | 97,72,800 | 3.12 |
| Retail Apps | 2,853 | © IPO Premium | |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 1600 | 121600 | 0 |
| HNI | 2 | 3200 | 243200 | 0 |
Incorporated in 2017, Karnika Industries Limited, previously known as Karni International, manufactures and exports garments in India.
Karnika Industries manufactures all types of kids' wear i.e., shorts, joggers, capri, tees, rompers, sleepsuits, pajamas, winter wear, infant wear, etc. The company has well-established manufacturing units for designing, preparing the sample, quality inspection, ironing, and packing of Garments that are equipped with all the necessary hi-tech machines and tools that are required for a modern manufacturing unit.
The company sells its products under the brand KARNIKA and sub-categories as KARNIKA Care, KARNIKA Cool, KARNIKA Cube, KARNIKA Life, KARNIKA Key, KARNIKA Club.
Karnika Industries IPO Details
| Issue Size | 3,299,200 shares (aggregating up to ₹25.07 Cr) |
| Fresh Issue | 3,299,200 shares (aggregating up to ₹25.07 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 9,100,300 |
| Share holding post issue | 12,399,500 |
| Market Maker portion | 166,400 shares Spread X Securities |
Karnika Industries IPO Reservation
| Other Shares Offered | 50% of the net offer |
| Retail Shares Offered | 50% of the net offer |
Company Financials
| Period | Mar 2021 | Mar 2022 | Mar 2023 |
| Assets | 3,055.87 | 5,921.42 | 10,071.04 |
| Revenue | 4,779.31 | 9,892.52 | 12,605.62 |
| Profit | 81.61 | 454.01 | 826.74 |
| Net Worth | 378.14 | 1,860.88 | 1,806.83 |
| Reserves | 896.80 | ||
| Borrowing | 1,570.94 | 2,224.13 | 5,245.53 |