OUR BUSINESS
Company Incorporated in March 2018, Shree Karni Fancom Limited We are engaged in the manufacturing of technical textiles tailored for diverse industries such as luggage, medical arch support, chairs, shoes, and apparels. Our production process begins with yarn procurement and encompasses weaving,coating, printing, and finishing, resulting in knitted and woven fabrics crafted to meet our clients’ customized specifications. Specializing in Woven Fabrics, Knitted Fabrics, Coated Fabrics, and 100% polyester, we source yarn,
resin, acrylic, and coating chemicals to produce specialized technical textiles.
Our Company Specialised in converting yarn into fabric through knitting of fabrics. We outsource weaving, coating, sizing and embossing of specialized technical
textile to our Subsidiary, IGK Technical Textile LLP.
Our Product luggage, roofing, agriculture net, vehicle covers, tents, armed forces fabric, sports kits, chairs, medical arch support, umbrellas, and raincoats.
OBJECTS OF ISSUE
1. Funding the capital expenditure setting up a dyeing unit in Navsari District, Surat, Gujarat;
2. Funding the purchase of new machinery proposed to be installed at our new unit proposed to be set up for
manufacturing bags in Palsana, Surat, Gujarat, with an intent to expand our product portfolio;
3. Funding working capital requirements of our Company; and
4. General Corporate Purposes.
SHREE KARNI FABCOM IPO DATE & PRICE BAND DETAILS
| IPO Open Date | March 6, 2024 |
|---|---|
| IPO Close Date | March 11, 2024 |
| IPO Size | Approx ₹42.49 Crores |
| IPO Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹220 to ₹227 Per Every Share |
| IPO Listing On | NSE SME |
| IPO Retail Quota | 35% |
| IPO QIB Quota | 50% |
| IPO NII Quota | 15% |
SHREE KARNI FABCOM IPO MARKET LOT DETAILS
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 600 | ₹136,200 |
| Retail Maximum | 1 | 600 | ₹136,200 |
| S-HNI Minimum | 2 | 1,200 | ₹272,400 |
OUR PROMOTERS
- Manoj Kumar Karnani.
- Rajiv Lakhotia.
- Raj Kumar Agarwal Our Company Promoters.
SHREE KARNI FABCOM IPO ALLOTMENT & LISTING DATE (DETAILS)
| IPO Open Date | March 6, 2024 |
|---|---|
| IPO Close Date | March 11, 2024 |
| Basis of Allotment | March 12, 2024 |
| Refunds | March 13, 2024 |
| Credit to Demat Account | March 13, 2024 |
| IPO Listing Date | March 14, 2024 |
SHREE KARNI FABCOM FINANCIAL REPORTS
| ₹ in Crores | |||
|---|---|---|---|
| Year | Revenue | Expense | PAT |
| 2023 | ₹127.04 | ₹118.53 | ₹5.55 |
| 2022 | ₹83.65 | ₹78.40 | ₹5.15 |
| 2021 | ₹32.90 | ₹31.22 | ₹1.53 |
QUALITATIVE FACTOR
- Specialized technical textile manufacturers with long standing market presence.
- Established Track Record.
- Existing client and supplier relationships.
- Quality Assurance and Quality Control of our products.
- Strategically located manufacturing facilities with modern infrastructure and integrated manufacturing facilities With a core focus on quality.
- Cost efficient sourcing and Locational Advantage.
- Well Experienced Management Team with proven Project Management and Implementation Skills.
SHREE KARNI FABCOM COMPANY CONTACT DETAILS
Plot 188,189,190, Block No. 314,
Rajhans Texpa, Village Baleshvar,
Taluka Palsana, Surat – 394 317,
Gujarat, India.
Telephone: +91 262 235 0900
E-mail: shreekarni@skflindia.com
Investor grievance id: investors@skflindia.com
Website: www.skflindia.com
SHREE KARNI FABCOM IPO REGISTAR
MAS Services Limited
T-34, 2nd Floor, Okhla Industrial Area,
Phase-II New Delhi- 110 020
Telephone: +91 112 638 7281/83
E-mail: ipo@masserv.com
Investor grievance: investor@masserv.com
Contact Person: N. C. Pal
Website: www.maashitla.com
