Karnika Industries IPO Details | GMP, Date, Price, Review

Karnika Industries IPO Details ( Karnika Industries Limited IPO Review )

(29 Sep 2023 – 5 Oct 2023)

Karnika Industries Limited, founded in 2017 and formerly known as Karni International, is a company based in India that makes and exports clothing for children. They create a wide range of kids’ clothing, including shorts, joggers, capris, t-shirts, rompers, sleepwear, pajamas, winter attire, and baby clothes.

Karnika Industries has well-established manufacturing facilities that handle everything from designing and making samples to quality checks, ironing, and packing garments. These facilities are equipped with all the modern machines and tools necessary for efficient production.

The company markets its products under the brand name KARNIKA, and it offers various sub-categories such as KARNIKA Care, KARNIKA Cool, KARNIKA Cube, KARNIKA Life, KARNIKA Key, and KARNIKA Club.

Karnika Industries Limited Company Product

• Kids’ Clothing
  1. Shorts
  2. Joggers
  3. Capris
  4. T-shirts
  5. Rompers
  6. Sleepwear
  7. Pajamas
  8. Winter Attire
  9. Baby Clothes

Karnika Industries Limited IPO Competitive Strength

• Diversified Product Portfolio
• Consistency in Quality and Service Standards
• Cost effective production and timely fulfilment of orders
• Scalable Business Model
• Organizational stability along with management expertise
• Existing client relationship
• High level of customer satisfaction

Karnika Industries IPO Financials Performance ( Results )

Karnika Industries Limited Financial Information (Restated)

All Amount in ₹ Lakhs

Period Ended	Total Assets	Total Revenue	PAT	EPS (₹)	Net Worth	NAV (₹)	Reserves	Borrowing
31-Mar-21	3,055.87	4,779.31	81.61	1.17	378.14	10.80		1,570.94
31-Mar-22	5,921.42	9,892.52	454.01	6.49	1,860.88	53.17		2,224.13
31-Mar-23	10,071.04	12,605.62	826.74	9.66	1,806.83	19.85	896.80	5,245.53

Objective of Karnika Industries IPO Issue

• To Meet Working Capital Requirement
• General Corporate Purpose
• To Meet the Issue Expenses

Karnika Industries IPO Basic Details

IPO Date	Sep 29, 2023 to Oct 5, 2023
Listing Date	Friday, October 13, 2023
Face Value	₹10 per share
Price	₹76 per share
Lot Size	1600 Shares
Issue Size	3,299,200 shares of ₹10 (aggregating up to ₹25.07 Cr)
Fresh Issue	3,299,200 shares of ₹10 (aggregating up to ₹25.07 Cr)
Issue Type	Fixed Price Issue IPO
Listing At	NSE SME
Share holding pre issue	9,100,300
Share holding post issue	12,399,500
Company Promoters	Mr. Niranjan Mundhra, Mr. Shiv Shankar Mundhra, and Mr. Mahesh Kumar Mundhr

Karnika Industries IPO Reservation

Other Shares Offered	50% of the Net Issue
Retail Shares Offered	50% of the Net Issue

Karnika Industries IPO Timetable

Karnika Industries IPO will open on September 29, 2023 and close on October 5, 2023. You can join Karnika Industries IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.

Event	Date
Opening Date	29 September 2023 (Friday)
Closing Date	5 October 2023 (Thursday)
Basis of Allotment	10 October 2023 (Tuesday)
Initiation of Refunds	11 October 2023 (Wednesday)
Credit of Shares to Demat	12 October 2023 (Thursday)
Listing Date	13 October 2023 (Friday)
Deadline for UPI mandate confirmation	5 PM on 5 October 2023

Karnika Industries IPO Lot Size

For retail investors in Karnika Industries IPO, 1600 shares will come in 1 lot or the minimum investment will be ₹121,600. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹121,600.

Application	Lots	Shares	Amount
Retail (Min)	1	1600	₹121,600
Retail (Max)	1	1600	₹121,600
S-HNI (Min)	2	3200	₹243,200

Karnika Industries IPO Promoter Holding

The company’s promoters include Mr. Niranjan Mundhra, Mr. Shiv Shankar Mundhra, and Mr. Mahesh Kumar Mundhr.

Pre Issue Share Holding	100.00%
Post Issue Share Holding	73.39%

Karnika Industries Ltd IPO Key Performance Indicator ( Valuation )

In the table given below, all the figures have been told according to the latest financial year.

KPI	Values
Market Cap (₹ Cr.)	94.24
Earning Per Share (EPS)	₹9.66 per Equity Share
Net Asset Value (NAV)	₹19.85 per Equity Share
P/E Ratio (P/E) (x)	7.57
Post P/E Ratio (P/E) (x)	11.06
Return on Net Worth (RoNW) (%)	45.76
Return on equity (ROE) (%)	Coming Soon
Return on Capital Employed (ROCE) (%)	Coming Soon
Debt/Equity Ratio	2.90

Karnika Industries Ltd Peer Comparison

Company Name	Consolidated/ Standalone	Face Value	EPS (₹)	P/E Ratio	RoNW (%)	NAV (₹)
Karnika Industries Limited	Standalone	10.00	9.66	7.57	45.76	19.85
Peer Group
S.P. Apparels Limited	Standalone	10.00	36.02	8.91	12.62	269.03
Veekayem Fashion and Apparels Limited	Standalone	10.00	3.44	11.67	4.68	63.34

Karnika Industries IPO GMP Live Update, Kostak Rate day by day

Date	GMP	Kostak	Subject to
1 October 2023	₹0	–	–
30 September 2023	₹0	–	–

Karnika Industries IPO Detail Video:

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Karnika Industries IPO Subscription Status (Bidding Detail)

The Karnika Industries IPO on October 5, 2023 at 7:30:00 PM was subscribed 3.07 times, with the retail category being subscribed 2.91 times, the other category being subscribed 3.22 times.

Category	Subscription
Other	3.22x
Retail	2.91x
Total	3.07x

Karnika Industries IPO Prospectus

Karnika Industries IPO DRHP	Download
Karnika Industries IPO RHP	Download
Karnika Industries IPO Anchor Investors Details PDF	Download

Karnika Industries IPO Rating

Our Rating

2.5/5.0

Karnika Industries Company Contact Information

Karnika Industries Limited

Registered Office: 6&6/1, Gurgola Ghat Road, P.O. Salkia, Howrah, Howrah, West Bengal – 711106, India.
Tel No.: 033-26558101
Email: info@karnikaindustries.com
Website: www.karnikaindustries.com
Contact Person: Ms. Muskan Mundhra, Company Secretary and Compliance Officer
Our Promoters: Mr. Niranjan Mundhra, Mr. Shiv Shankar Mundhra and Mr. Mahesh Kumar Mundhra

Karnika Industries IPO Registrar

Skyline Financial Services Private Limited

Registered Office: D-153A, 1st Floor, Okhla Industrial Area
Phase-I, New Delhi – 110020, India
Tel. No.: 011-40450193-197
Email: ipo@skylinerta.com
Website: www.skylinerta.com
Investor Grievance Email: grievances@skylinerta.com
Contact Person: Mr. Anuj Kumar
SEBI Registration No.: INR000003241

Karnika Industries IPO Lead Manager

Beeline Capital Advisors Private Limited

Registered Office: B 1311-1314, Thirteenth Floor, Shilp Corporate Park,
Rajpath Rangoli Road, Thaltej, Ahmedabad- 380054,
Gujarat, India.
Tel. No.: +91-79-48405357, 48406357
Email: mb@beelinemb.com
Website: www.beelinemb.com
Investor Grievance Email: ig@beelinemb.com
Contact Person: Mr. Nikhil Shah
SEBI Registration No.: INM000012917

Karnika Industries IPO FAQs