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SME IPO Status: Listed [29th Sep 2023 to 5th Oct 2023]
Karnika Industries Limited is bringing its SME IPO at NSE Emerge. The total size of this SME IPO is 25.07 Cr that is 100% fresh issue. You can apply in this SME IPO from 29 Sept to 05 Oct 2023. The face value of each share is Rs 10. To apply in this SME IPO application you have to buy at least one lot size of minimum 1600 shares or its multiples at the fixed price of Rs 76 per share.
Keep visiting this website to get the latest details of Karnika Industries Limited IPO, including company overview, financials, live subscription, allotment, GMP and more.
| SME IPO Issue Opening Date: | 29th Sep 2023 |
| SME IPO Issue Closing Date: | 5th Oct 2023 |
| SME IPO Issue Price: | ₹76.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| IPO Listing At: | NSE SME |
| Retail Quota: | 50% of the net offer |
| SME IPO Issue Type: | Fixed Price Issue |
| SME IPO Issue Size: | ₹25.07 Cr |
| Fresh Issue: | ₹25.07 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 100.00% |
| Promoter Holding Post IPO: | 73.39% |
| Allotment Status: | Allotment Status |
| NSE Code: | KARNIKA |
Get important updates regarding Karnika Industries SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 10th Oct 2023 |
| Refunds Initiation* | 11th Oct 2023 |
| Credit of Shares to Demat* | 12th Oct 2023 |
| SME IPO Listing Date* | 12th Oct 2023 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹76.00 |
| Market Lot: | 1600 Shares |
| 1 Lot Amount: | ₹121600 |
| Min HNI Lots: | 3200 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 12-10-2023 | 76.00 | 3 | 3600 | ₹79 (3.95%) | 12-Oct-2023 10:28 |
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Karnika Industries Limited was established in 2017 and mainly focuses on manufacturing high quality fabrics and garments, supplying quality textiles and long-term cooperation with their customers. They basically manufacture all kinds of children's garments on contract, i.e. shorts, joggers, capri, t-shirts, rompers, pyjamas, nightwear, winter wear, children's wear, etc. They have set up well-equipped production units for designing, making samples, quality control, ironing and packing garments, which are equipped with all the necessary high-tech machines and tools required for a modern production unit.
The level of progress determines the productivity of the machines and the workforce, which in turn determine the production and profitability of the company. The technical team is equipped with modern technologies and processing techniques that allow it to ensure high quality products.
Karnika is not only one of the leading manufacturers of children's clothing, but also organises successful fashion shows. They have developed a marketing strategy for their products. The company’s expertise lies in understanding the prevailing trends in all the products it markets, as well as the buying preferences of its customers, and accordingly produce high quality fabrics to ensure them product quality, comfort and fit uniformity.
| Incorporation | Sector | IPO Issue Size | Website |
| 2017 | Kids Fashion | ₹25.07 Cr | http://www.karnikaindustries.com/Default/Index |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
Our experts can help you prepare for SME IPO
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | NII | RII | Total | |
|---|---|---|---|---|
| # of Shares Offered | 1,566,400 (50%) | 1,566,400 (50%) | 3,132,800 | |
| 1 | 29th Sep 2023 19:31 | 0.10x | 0.16x | 0.13x |
| 2 | 3rd Oct 2023 19:32 | 0.03x | 0.46x | 0.25x |
| 3 | 4th Oct 2023 19:31 | 0.56x | 0.90x | 0.73x |
| 4 | 5th Oct 2023 19:31 | 3.22x | 2.91x | 3.07x |
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 3,055.87 | 5,921.42 | 10,071.04 |
| Revenue | 4,779.31 | 9,892.52 | 12,605.62 |
| Profit After Tax | 81.61 | 454.01 | 826.74 |
| Net Worth | 378.14 | 1,860.88 | 1,806.83 |
| Reserves and Surplus | 896.80 | ||
| Total Borrowing | 1,570.94 | 2,224.13 | 5,245.53 |
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Karnika Industries Limited | 9.66 | 9.66 | 19.85 | 7.57 | 45.76 | Standalone |
| S.P. Apparels Limited | 36.02 | 269.03 | 8.91 | 12.62 | Standalone | |
| Veekayem Fashion and Apparels Limited | 3.44 | 63.34 | 11.67 | 4.68 | Standalone |
Last Updated on 16-Oct-2023 06:02:44
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Karnika Industries SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Karnika Industries SME IPO with Zerodha.
Alternate approch to apply in Karnika Industries SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Karnika Industries SME IPO Review and Important Updates
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To subscribe or apply in Karnika Industries SME IPO, you can use the following methods:
| Karnika Industries SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Karnika Industries SME IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Karnika Industries SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Karnika Industries SME IPO. Most of the Syndicate Banks provide access to apply in Karnika Industries IPO via ASBA process. You must have your net banking access, DP ID information to apply in Karnika Industries SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Karnika Industries SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Karnika Industries SME IPO Review and Important Updates
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Karnika Industries SME IPO is going to be list on 12-10-2023. NSE Code for Karnika Industries is KARNIKA.
Other relevant questions:
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Karnika Industries SME IPO Allotment Date is 10-10-2023.
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