The Karnika Industries IPO is an SME (small and medium size enterprise) IPO that will be listed on the National Stock Exchange (NSE) SME segment. The IPO opened on September 29, 2023 and closed on October 5, 2023. The IPO is expected to be listed on October 13, 2023.
The IPO price is ₹76 per share. The minimum lot size for an application is 1600 shares, with an application amount of ₹121,600.
Karnika Industries is an ISO 14001:2015 certified manufacturer, trader, and exporter of garments. They are raising ₹25.07 Crores through the IPO.
The IPO registrar and the exchange are responsible for the allotment of shares. The allotment status is published on the Registrar’s website.
Karnika Industries Limited IPO Timeline
| Particular | Date |
| IPO Open Date | 29 Sep 2023 |
| IPO Close Date | 05 Oct 2023 |
| Allotment Date | 10 Oct 2023 |
| IPO Listing Date | 13 Oct 2023 |
Karnika Industries Limited IPO Details
| Issue Type | Fixed Price Issue IPO |
| Face Value | Rs. 10 Per Equity Share |
| IPO Price | Rs. 76 Per Equity Share |
| Market Lot | 1600 Share |
| ISIN Code | |
| Listing At | NSE SME |
| Issue Size | Approx. Rs. 25 Crore. |
Karnika Industries IPO Lot Size
| Application | Lots | Shares | Amount |
| Minimum | 1 | 1600 | Rs. 121600 |
| Maximum | 1 | 1600 | Rs. 121600 |
| Small HNI (Minimum) | 2 | 3600 | Rs. 243200 |
Karnika Industries IPO Details Allotment Status
Company Financials:
| Particular | 31 March 2023 | 31 March 2022 | 31 March 2021 |
| Total Assets | 10071.04 | 5921.42 | 3055.87 |
| Total Revenue | 12605.62 | 9892.52 | 4779.31 |
| Profit After Tax | 826.74 | 454.01 | 81.61 |
.
Company Promoters:
Mr. Niranjan Mundhra, Mr. Shiv Shankar Mundhra, and Mr. Mahesh Kumar Mundhr are the company’s promoters.
Purpose of the Issue
- To Meet Working Capital Requirement.
- General Corporate Purpose.
- To Meet the Issue Expenses.
Registrar & Company Details
| Company Contact Information | IPO Registrar |
| Karnika Industries Limited 6&6/1, Gurgola Ghat Road P.O. Salkia Howrah – 711106 Phone: 033-26558101 Email: info@karnikaindustries.com Website: http://www.karnikaindustries.com/Default/Index | Skyline Financial Services Private Ltd Phone: 02228511022 Email: ipo@skylinerta.com Website: https://www.skylinerta.com/ipo.php |
