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| IPO Listing At | NSE SME |
| SME IPO Issue Type | Fixed Price Issue |
| Total Issue Size | ₹25.07 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹25.07 Cr |
| Fresh Issue | ₹23.81 Cr |
| Face Value | ₹10 Per Equity Share |
| Issue Price | ₹76.00 per share |
| Discount | Retail: 0.00 |
| NSE Code | KARNIKA |
| Registrar | Skyline Financial Services Pvt.Ltd. |
| Lead Managers | Beeline Capital Advisors Pvt.Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 1,600 shares and in multiples thereof
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.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To Meet Working Capital Requirement | 20.00 |
| 2 | General Corporate Purpose | 3.37 |
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
| Assets | 100.71 | 59.21 | 30.56 |
| Total Income | 126.06 | 98.93 | 47.79 |
| Profit After Tax | 8.27 | 4.54 | 0.82 |
| NET Worth | 18.07 | 18.61 | 3.78 |
| Reserves and Surplus | 8.97 | ||
| Total Borrowing | 52.46 | 22.24 | 15.71 |
| Amount in ₹ Crore | |||
| KPI | |
|---|---|
| Debt / Equity | 2.90% |
| RoNW | 45.76% |
| PAT Margin | 6.64% |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 9.66 | |
| P/E (x) | 7.57 | 11.06 |
| Promoter Holding | 100.00% | 73.39% |
| Market Cap | ₹94.24 Cr. | |
