Shree Karni Fabcom IPO: Check Price Band, Issue Size & More

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by Sandip Das on 6 March 2024,  5 min read

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The initial public offer (IPO) of Shree Karni Fabcom opened for subscription on March 6, 2024. The issue will close on March 11, 2024. The company has fixed the IPO’s price band in the range of Rs 220 to Rs 227 per share. The IPO is entirely a fresh issue of 18.72 lakh shares. Shree Karni has a minimum lot size of 600 shares. The minimum amount of investment required by retail investors is Rs 1,36,200. The minimum lot size investment for HNI is 2 lots (1,200 shares) amounting to Rs 2,72,400.

About the Company

Shree Karni Fabcom Limited was incorporated in March 2018. It produces customised knitted and woven fabrics for industries such as luggage, medical arch support, chairs, shoes, and apparel. The company specialises in woven fabrics, knitted fabrics, coated fabrics, and 100% polyester, and source yarn, resin, acrylic, and coating chemicals to produce specialised technical textiles.

Price Band

The company has fixed the IPO’s price band in the range of Rs 220 to Rs 227 per share.

Issue Size

Shree Karni has a minimum lot size of 600 shares. The minimum amount of investment required by retail investors is Rs 1,36,200. The minimum lot size investment for HNI is 2 lots (1,200 shares) amounting to Rs 2,72,400.

Also read: Gopal Snacks IPO: Top Things to Know Before Subscribing to The Issue
Company Financials
Particulars 8-months ended Nov 30, 2023  Financial Year Ended March 31, 2023
Revenue from operations (Rs Lakhs) 7,572.22 12,694.65
Profit after Tax 813.83 555.25
Objectives of the Issue

The company intends to allocate the net proceeds from the issue to the following purposes:

  1. Financing the capital expenditure for establishing a dyeing unit in Navsari District, Surat, Gujarat.
  2. Financing the acquisition of new machinery for installation at the planned unit in Palsana, Surat, Gujarat, aimed at expanding the product portfolio with a focus on manufacturing bags.
  3. Fulfilling the working capital requirements of the company.
  4. Addressing general corporate purposes.

Disclaimer: The information provided in this blog post is for informational purposes only and should not be construed as investment or trading advice. The author is not a financial advisor and does not have any professional qualifications in this area. The author does not guarantee the accuracy or completeness of the information provided. Any action you take based on the information in this blog post is done at your own risk. Please consult with a financial advisor before making any investment.

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