Shree Karni Fabcom IPO: Are you ready to explore an exciting investment opportunity, look no further than Shree Karni Fabcom IPO! In this comprehensive guide, we’ll highlight all the details you need to know about this unprecedented IPO, from its inception to the potential for future growth.
What is the Shree Karni Fabcom IPO?
Slated to be launched on March 6, 2024, the Shree Karni Fabcom IPO offers investors an opportunity to be part of a dynamic enterprise in the woven textile industry. With a book built issue of Rs 42.49 crore, this IPO offers 18.72 lakh new shares, inviting keen investors to participate in its success story.
Price Band and Lot Size:
The face value of Shree Karni Fabcom IPO is ₹10 per share, with the price band set between Rs 220 to Rs 227 per share. Interested investors can bid for lots of 600 shares with the option to increase their investment. Retail investors are required to invest a minimum of Rs 136,200, while high net worth individuals (HNIs) can invest a total of Rs 272,400 in multiples of two lots.
Allotment and Listing:
Expected to be finalized on March 12, 2024, Mr Karni said the allotment process for the Fabcom IPO promises transparency and efficiency. Horizon Management Private Limited and Mass Services Limited lead the book running and registration functions respectively. Excitement is heightened as the IPO is scheduled to be listed on the NSE SME platform on March 14, 2024, marking a significant milestone for the company.
Company Promoters and Share Distribution:
Manoj Kumar Karnani, Radhe Shyam Daga, Rajeev Lakhotia, and Rajkumar Aggarwal serve as the driving forces behind Shree Karni Fabcom Limited, collectively holding 96.16% stake pre-IPO. Post-IPO, their stake will reduce to 70.07%, opening doors for wider participation. The IPO distribution reserves 50% for qualified institutional buyers, 35% for retail investors, and 15% for non-institutional investors, fostering inclusivity and diversity in ownership.
Gray Market Premium and Projected Returns:
Exciting prospects await investors in the gray market, with reports indicating a premium of ₹325, above the issue price. Analysts have estimated a listing price of Rs 552, which translates to a remarkable 143% profit potential on the first day, setting the stage for an encouraging debut.
About Shree Karni Fabcom Limited:
Established in March 2018, Shree Karni Fabcom Limited stands as an epitome of innovation in the knitted apparel sector. Specializing in tailored solutions for the medical, arch support, chairs, footwear and apparel industries, the company’s production journey includes yarn procurement, weaving, coating, printing and finishing. With a focus on woven and knitted fabrics, coated fabrics and 100% polyester, Shree Karni Fabcom sources high-quality materials to deliver specialty technical textiles that meet the unique needs of its customers.
Ultimately, Shree Karni Fabcom IPO presents a golden opportunity for investors to associate with a leading enterprise poised for success in the dynamic woven textile industry. With a compelling business model, strong leadership and promising growth prospects, this IPO is set to disrupt the market. Don’t miss your chance to be part of this remarkable journey towards prosperity and innovation.
Please note that although the information provided is based on available data and analysis, there are inherent risks in investing in IPOs, and individuals should do their own research and consult financial advisors before making any investment decisions.