Karnika Industries Ltd
Price Range
₹76
Min. Quantity
1,600
Closes on
5 October 2023
Min. investment
₹1,21,600/1,600 Shares
Karnika Industries Ltd IPO Timeline
Karnika Industries Ltd was originally formed as a Partnership Firm under the Partnership Act, 1932 in the name and style of 'Karni International' pursuant to Deed of Partnership dated July 21, 2017. Karni International was thereafter converted from Partnership Firm into Public Limited Company with the name and style of 'Karnika Industries Limited' through Certificate of Incorporation from the Registrar of Companies, Kolkata dated April 13, 2022.
| Event | Date |
|---|---|
| Karnika Industries Ltd IPO Opening Date | 29 September 2023 |
| Karnika Industries Ltd IPO Closing Date | 5 October 2023 |
| Basis of Allotment | 1 January 1970 |
| Initiation of Refunds | 1 January 1970 |
| Credit of Shares to Demat | 1 January 1970 |
| Karnika Industries Ltd IPO Listing Date | 12 October 2023 |
Karnika Industries Ltd IPO Details
| Karnika Industries Ltd IPO Date | 29 September 2023 to 5 October 2023 |
| Karnika Industries Ltd IPO Face Value | ₹10 per share |
| Karnika Industries Ltd IPO Price | ₹76 to ₹0 per share |
| Karnika Industries Ltd IPO Lot Size | 1,600 |
| Issue Size | Shares of ₹10 (aggregating up to ₹25.07 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹25.07 Cr) |
| Offer for Sale | - |
| Issue Type | Fixed Price - SME |
| Listing At | NSE - SME |
| QIB Shares Offered | - |
| Retail Shares Offered | - |
| NII (HNI) Shares Offered | - |
| Company Promoters | Niranjan Mundhra, Shiv Shankar Mundhra, Mahesh Kumar Mundhra |
Karnika Industries Ltd IPO Lot Size
The Karnika Industries Ltd IPO lot size is 1,600 shares. A retail-individual investor can apply for up to 1 lots (1,600 shares or ₹1,21,600).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 1,600 | ₹1,21,600 |
| Maximum | 1 | 1,600 | ₹1,21,600 |
- Strengths
- Risks
- Opportunities
- Diversified Product Portfolio.
- Consistency in Quality and Service Standards.
- Cost effective production and timely fulfilment of orders.
- Scalable Business Model.
- Organizational stability along with management expertise.
- Existing client relationship.
- High level of customer satisfaction.
Company Financials
Karnika Industries Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 119.86 | 128.46 | 10.10 |
| 03-2023 | 97.84 | 126.06 | 8.18 |
| 03-2022 | 59.21 | 98.93 | 4.54 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- To meet working capital requirement
- General corporate purposes
Karnika Industries Ltd IPO Promoter Holding
| Pre Issue Share Holding | 33.33% |
| Post Issue Share Holding | 24.46% |
Karnika Industries Ltd IPO Subscription Status (Bidding Detail)
The Karnika Industries Ltd IPO is subscribed 2.9622 times on 5 October 2023 05:00:00 PM. The public issue subscribed 0 times in the retail category, 0 times in the QIB category, and 0 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | - | - | - | - | 2.9622 |
Karnika Industries Ltd IPO Prospectus
Karnika Industries Ltd IPO Listing Date
| Listing Date | 12 October 2023 |
| BSE Script | 91665 |
| NSE Symbol | KARNIKA |
| Listing In | NSE - SME |
| ISIN | INE0MGA01012 |
| IPO Price | ₹76 |
| Face Value | ₹10 |
Company Contact Information
6&6/1 Gurgola Ghat Road P OSalkia Howrah,Howrah-711106
Phone: 033-26558101
Email: info@karnikaindustries.com
Website: www.karnikaindustries.com
Karnika Industries Ltd IPO Registrar
Karnika Industries Ltd IPO Lead Manager(s)
- Beeline Capital Advisors Pvt Ltd
FAQ
What is the issue size of Karnika Industries Ltd IPO?
I have pre-applied for Karnika Industries Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.