Karnika Industries is set to launch an IPO which will open on September 29, 2023, and close on October 05, 2023. Through this public offer company wants to raise Rs. 25.07 Crore from the primary market, Company fixed the price band of Rs. 76 with a minimum lot of 1600 shares, and list on October 13, according to the preliminary papers filed to the capital market regulator SEBI.
About Karnika Industries Company
Karnika Industries is engaged in the business of manufacturing through job work all types of kid’s wear i.e. shorts, joggers, capri, tees, etc. company has two manufacturing units for designing, preparation, quality inspection, etc. in West Bengal. Company sells its products under the flagship brand of KARNIKA, one of the leading brands in kid’s wear clothing.
In the fiscal year 2023, the company generated Rs. 126.05 Crore revenue from operation, and Rs. 98.92 crore in the year 2022.
Check out the IPO allotment status on IPO Deliver.
Karnika Industries IPO Object
The company intends to use the IPO Funds for the below-mentioned purposes:
- Working capital requirement of the company.
- General corporate purposes and offer expenses.
Karnika Industries Strength
- Diversified product portfolio
- Consistency in quality and services standards
- Scalable business model
- Management expertise
Karnika Industries Risk Factor
- Failure to comply with regulations.
- Fail to retain, attract management team
- Distruption in manufacture process
- Failure to adopt new/changing technology
Karnika Industries IPO Review & Rating
| Issue Size (Rs.) | 25.07 crore |
| Issue Price (Rs.) | 76 per share |
| Minimum Lot Size | 1600 shares |
| Market Capitalization (Rs.) | 94.24 crore |
| Total Profit (March 2023) (Rs.) | 8.26 crore |
| RoCE (%) | 45.76% |
| Debt/Equity ratio | 2.9 |
| NAV (Rs.) | 19.85 per share |
| Listing on | NSE Emerge (SME) |
| IPO Deliver Rating | Medium to Long term |
Karnika Industries IPO Dates, Price Band & Details
Karnika Industries IPO will open on September 29, 2023, and close on October 05, 2023. The IPO list on October 13, 2023.
| Type of issue | Fixed Price IPO |
| Issue Size (Rs.) | 25.07 Crore |
| Face Value (Rs.) | 10/- per share |
| IPO Open Date | September 29, 2023 |
| IPO Close Date | October 05, 2023 |
| IPO Allotment Date | October 10, 2023 |
| Refund Date | October 11, 2023 |
| Share Credit Date | October 12, 2023 |
| Listing Date | October 13, 2023 |
Karnika Industries IPO Offer
Karnika Industries IPO total issue size is 32,99,200 shares which comprises below mentioned categories.
| Offer Category | Shares Offer | Amount (Rs.) |
| Fresh Issue | 32,99,200 | 25.07 Crore |
| Offer for Sale (OFS) | – | – |
Karnika Industries Financials Review (Lakhs)
The following table sets forth the summary of financial information (standalone) of the company for the financial year ending March 31, 2023, 2022, and 2021.
| Category (Rs.) | March 31, 2023 | March 31, 2022 | March 31, 2021 |
| Total Revenue | 12605.62 | 9898.52 | 4779.31 |
| Net Worth | 1806.83 | 1860.88 | 378.14 |
| Profit | 826.74 | 454.01 | 81.61 |
| Total Borrowings | 5245.53 | 2224.13 | 1570.94 |
Karnika Industries IPO Quantitative Factors
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.
| Category | March 31, 2023 | March 31, 2022 | March 31, 2021 |
| EPS (Rs.) | 9.66 | 6.49 | 1.17 |
| RoNW (%) | 45.76 | 24.40 | 21.58 |
| NAV (Rs.) | 19.85 | 53.17 | 10.80 |
Karnika Industries IPO Peers Comparison (Top 2)
Comparison with the other same segment listed companies in India.
| Company Names | EPS (Rs.) | RoNW (%) | NAV (Rs.) |
| S.P Apparels | 36.02 | 12.62 | 269.03 |
| Veekayam Fashion | 3.44 | 4.68 | 63.34 |
Karnika Industries Company Promoters
As per the DRHP and RHP, the company has three Promoters.
| Serial No. | Name |
| 01. | Niranjan Mundhra |
| 02. | Shiv Shankar Mundhra |
| 03. | Mahesh Kumar Mundhra |
Karnika Industries Pre-offer and Post-Offer Promoters Shareholding
| Promoter and promoter group Shareholding | Percentage (%) |
| Pre-Issue | 100 |
| Post- Issue | 73.39 |
Karnika Industries IPO Reservation
Karnika Industries IPO total reservation of 32,99,200 shares, distributed between the below-mentioned categories.
| Category | No. of Shares |
| Others- Not more than 50% of the offer size | 15,66,400 |
| RII- Not more than 50% of the offer size | 15,66,400 |
| Market Makers Reservation | 1,66,400 |
Karnika Industries IPO – Market Lot Size
An individual investor can apply for a minimum of 1 lot of 1600 Shares and a maximum of 1 lots of 1600 shares. Market lot sizes for retail investors are as follows:
| Application | Lot Size | No. of Shares | Amount (Rs.) |
| Retail Minimum | 1 | 1,600 | 1,21,600 |
| Retail Maximum | 1 | 1,600 | 1,21,600 |
Karnika Industries IPO – Prospectus
An investor can download/view the Karnika Industries Limited prospectus copy, which was filed by the company to SEBI, details are as follows.
| Karnika Industries IPO Prospectus | Download/View Links |
| Draft Red Herring Prospectus (DRHP) | Click here |
| Red Herring Prospectus (RHP) | Click here |
Karnika Industries IPO Registrar
Skyline Financial Services Private Limited
Tel: +91 +011 40450193
E-Mail: ipo@skylinerta.com
Website: www.skylinerta.com
Karnika Industries IPO lead manager
Beeline Capital Advisors Private Limited
Tel No.: +91 7948405357
E-Mail: mb@beelinemb.com
Website: www.beelinemb.com
Karnika Industries IPO Application (How to Apply for an IPO)
There are primary four options for applying for a Karnika Industries IPO, details are as follows:
Option-1 Apply for IPO through Internet Banking
Step-1. Log into your bank account.
Step-2. In the invest Tab, you will see ASBA, click on it.
Step-3. Choose to apply for IPO and select the ongoing IPO “Karnika Industries Limited”
Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment.
Step-5. After the above steps, the respective amount will get blocked till the allotment date and after it will get a refund/debited in case of rejection/allotment respectively.
Option-2 Apply for IPO through a Broker firm
Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)
Step-2. Click on the IPO tab and select the ongoing IPO “Karnika Industries Limited”
Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.
Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will get debited from your account or get refunded in case no allotment is made to you.
Option-3 Apply for IPO Offline Mode Bank mode
Step-1. Visit the nearest branch of your bank.
Step-2. Fill out the ASBA form and submit it with KYC details.
Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will get debited from your bank account or refunded in case no allotment is made to you.
Option – 4 Apply for IPO through Stock Exchanges
NSE Form – Click to download
BSE Form – Click to download
Submit the form with your bank/broker.
Karnika Industries Company Details
Karnika Industries Limited (2022)
Registered Office: 6&6/1, Gurgola Ghat Road, PO, Salkia Howrah, West Bengal-711106
Tel: 033-26558101
Email: info@karnikaindustires.com
Website: www.karnikaindustires.com
Investor Grievances/Compliance Officer: Muskan Mundhra
Karnika Industries Subsidiary Companies (Top 2)
| Serial No. | Name of Companies |
| 01. | – |
| 02. | – |
Karnika Industries Company Board (Top 3)
| Serial No. | Name of Directors |
| 01. | Niranjan Mundhra |
| 02. | Shiv Shankar Mundhra |
| 03. | Mahesh Kumar Mundhra |
Karnika Industries IPO – Frequently Asked Questions (FAQ’s)
Q-1 What is Karnika Industries IPO?
Ans: Karnika Industries brings its SME IPO of Rs. 25.07 crore, on September 29, 2023, with a price band of Rs. 76 per share.
Q-1 what is Karnika Industries IPO Open date?
Ans: Karnika Industries IPO opening date is September 29, 2023.
Q-2 what is Karnika Industries IPO Close date?
Ans: Karnika Industries IPO closing date is October 05, 2023.
Q-3 What is Karnika Industries IPO Listing date?
Ans: Karnika Industries IPO listing date is October 13, 2023.
Q-4 What is Karnika Industries IPO Minimum investment amount?
Ans: Karnika Industries IPO minimum investment amount is Rs. 1,21,600.
Q-5 What is Karnika Industries IPO offer issue Size?
Ans: Karnika Industries offer an issue size of Rs. 25.07 Crores.
Q-6 What is Karnika Industries IPO Price Band?
Ans: Karnika Industries IPO price band is Rs 76 per share.
Q-7 Is Karnika Industries IPO mainboard IPO or SME IPO?
Ans: Karnika Industries IPO is the SME IPO.
IPO Deliver Team Please contact me
+91-9582391221
What is better SME ipo or main board ipo?
Mainboard IPO is far better to SME IPO.
Sameer
Mumbai
IPO Lagta toh hai nhi…