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Karnika IPO

Karnika Industries IPO

  • Status: Closed
  • RHP:
  • ₹ 121,600 / 1600 shares

    Minimum Investment

IPO Details

  • Open Date

    29 Sep 2023

  • Close Date

    05 Oct 2023

  • IPO Price Range

    ₹ 76

  • IPO Size

    ₹ 25.07 Cr

  • Listing Exchange

    NSE SME

  • Listing Date

    13 Oct 2023

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IPO Timeline

Karnika Industries IPO Subscription Status

Last Updated: 03 January 2024 8:57 PM by 5Paisa

Karnika Industries Limited IPO is all set to open from 29th September to 4th October 2023. The company is involved in the business of manufacturing and exporting garments. The IPO includes a fresh issue of 3,299,200 shares worth ₹25.07 cr. The share allotment date is 9th October, and the IPO will be listed on 12th October, on the stock exchanges. The price band is ₹76 per share and the lot size is 1600 shares.    

Beeline Capital Advisors Pvt Ltd is the book-running lead manager for this IPO, while  Skyline Financial Services Private Ltd is the registrar. 

Objectives of Karnika  IPO:

Karnika Industries plans to utilize the raised capital from the IPO to:
●    For working capital requirements.
●    General corporate purpose.
●    To meet the issue expenses.

Established in 2017, Karnika Industries is involved in the business of manufacturing and exporting garments. The company produces different types of kids' wear, such as shorts, joggers, capri, tees, rompers, sleepsuits, pajamas, winter wear, infant wear, and more.

Karnika Industries has well-established manufacturing facilities which are crucial for the business to design, prepare the sample, quality inspection, iron, and packing of Garments. The manufacturing units are quite modern and have all the necessary hi-tech machines and tools.

The company’s sells its products under the brand KARNIKA. The sub-categories include KARNIKA Care, KARNIKA Cool, KARNIKA Cube, KARNIKA Life, KARNIKA Key, and KARNIKA Club.

Peer Comparison

●    S.P. Apparels Limited
●    Veekayem Fashion and Apparels Limited
 

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY23 FY22 FY21
Revenue 124.59 98.81 47.46
EBITDA 16.64 9.72 2.43
PAT 8.27 4.54 0.82
Particulars (in Rs. Crores) FY23 FY22 FY21
Total Assets 100.71 59.21 30.56
Share Capital 9.10 18.61 3.78
Total Borrowings 82.64 40.61 26.78
Particulars (in Rs. Crores) FY23 FY22 FY21
Net cash generated from / (used in) operating activities -10.71 -15.31 -5.60
Net cash from / (used in) investing activities -1.37 -0.45 -0.37
Net cash flow from / (used in) financing activities 13.60 15.05 6.72
Net increase (decrease) in cash and cash equivalents 1.52 -0.72 0.75


Strengths

1.    The company has a diversified portfolio. 
2.    Maintains higher quality standards.
3.    Cost-effective production and timely fulfilment of orders.
4.    The business model is order-driven and scalable. 
5.    It has long-term relationships with its clients. 
6.    Higher customer satisfaction. 
7.    Experienced promoters and stable business.
 

Risks

1.    Dependent on Job work for manufacturing of products.
2.    The business is manpower intensive.
3.    The company has a substantial amount of outstanding indebtedness.
4.    Subject to foreign currency exchange rate fluctuations.
5.    Operates in a competitive industry. 
6.    Higher working capital requirements.
7.    Negative cash flows in the past. 
 

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FAQs

The minimum lot size of Karnika Industries IPO is 1600 shares and the investment required is ₹1,21,600.

The price for Karnika Industries IPO is ₹76 per share. 

Karnika Industries IPO opens from 29th September to 4th October 2023.
 

The Karnika Industries IPO size is ₹25.07 cr. 

The share allotment date of Karnika Industries IPO is 9th October 2023.

The Karnika Industries IPO will be listed on 12th October 2023.

Beeline Capital Advisors Pvt Ltd is the book-running lead manager for Karnika Industries IPO.

Karnika Industries plans to utilize the raised capital from the IPO to:

1.    For working capital requirements.
2.    General corporate purpose.
3.    To meet the issue expenses.
 

To apply for Karnika Industries IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for the Karnika Industries IPO
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    
●    You will receive a mandate notification to block funds in your UPI app.