Open Date
29 Sep 2023
05 Oct 2023
1600 shares
₹25.07 Cr
Lot Size
IPO Size
Listing At
NSE SME
Listing Date
Price Range
₹76 per share
Close Date
Allotment Date
10 Oct 2023
12 Oct 2023
Karnika Industries Limited, formerly Karni International and founded in 2017, makes and exports clothing from India. Karnika Industries produces a wide range of children's clothing, including rompers, sleepwear, pajamas, winter wear, infant wear, and shorts. The company has well-established production facilities for designing, making samples, inspecting for quality, ironing, and packaging garments. These facilities are furnished with all the cutting-edge equipment and tools needed for a modern manufacturing facility. The business sells its goods under the KARNIKA brand and in the KARNIKA Care, KARNIKA Cool, KARNIKA Cube, KARNIKA Life, KARNIKA Key, and KARNIKA Club subcategories.
The company intends to utilize the net proceeds from the issue towards the funding of the following objects: To Meet Working Capital Requirement. General Corporate Purpose. To Meet the Issue Expenses.
The book-running lead managers to the offer are: Fedex Securities Pvt Ltd
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