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Shree Karni Fabcom IPO Review, Details, Allotment, GMP

Get ready to invest in an exciting IPO opportunity! Shree Karni Fabcom Limited is all set to launch its IPO from tomorrow. The subscription for Shree Karni Fabcom IPO will open on March 6, 2024, and close on March 11, 2024. This book-built issue is worth Rs 42.49 crore, with a fresh issue of 18.72 lakh shares.

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Shree Karni Fabcom IPO Review, Details, Allotment, GMP Shree Karni Fabcom IPO Shree Karni Fabcom IPO Allotment Shree Karni Fabcom IPO Listing Shree Karni Fabcom IPO Review by Expert

Shree Karni Fabcom IPO

The shares of Shree Karni Fabcom IPO, are priced at ₹10 per share, with a price band set between Rs 220 to Rs 227 per share. The lot size for this IPO is 600 shares, and investors can bid in multiples of this lot size. Retail investors are required to invest a minimum of Rs 136,200, while HNIs need to invest in two lots, totaling Rs 272,400.

Shree Karni Fabcom IPO Allotment

The allotment for Shree Karni Fabcom IPO is expected to be finalized on Tuesday, March 12, 2024. Horizon Management Private Limited is the book running lead manager, and Meat Services Limited is the registrar for this IPO. MLB Stock Broking will serve as the market maker. Notably, the IPO has already raised Rs 12.09 crore from anchor investors.

Shree Karni Fabcom IPO Listing

Mark your calendars for the listing of Shree Karni Fabcom IPO on Thursday, March 14, 2024. It will be listed on NSE SME as an SME IPO. The promoters of the company, namely Manoj Kumar Karnani, Radhey Shyam Daga, Rajiv Lakhotia, and Rajkumar Agarwal, currently hold a 96.16% stake, which will reduce to 70.07% after the IPO. The IPO allocation is as follows: 50% for qualified institutional buyers, 35% for retail investors, and 15% for non-institutional investors.

Shree Karni Fabcom IPO Review by Expert

[Dilip Davda] Shree Karni Fabcom IPO, a company specializing in technical fiber and fabrics, has expanded its operations to include bags manufacturing and specialized fabrics for various purposes. This business operates on a B2B model and has established relationships with renowned customers.

Although the company’s bottom line was affected by accounting adjustments for its expansion plans, which are now fully prepared to yield benefits, its top lines have shown growth in the reported years. Looking ahead, the management is confident in maintaining this positive trend by adding high-margin products to its portfolio. Considering the annualized super earnings of FY24, the IPO appears reasonably priced, making it an attractive investment for medium to long-term rewards.

Stay tuned for more updates on Shree Karni Fabcom IPO.