Karnika Industries Ltd IPO — GMP, Details & Subscription

IPO Details

Open Date

29 Sep 2023

Close Date

05 Oct 2023

Allotment

10 Oct 2023

Listing Date

12 Oct 2023

Exchange

NSE SME

Price Band

₹76

Listing Price

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Allotment Status

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Price Band

₹76

Per share

Face Value

₹10 per share

Lot Size

1,600 Shares

per lot

Issue Size

32,99,200 shares (aggregating up to ₹25.07 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹121,600

1 lot

Pre-IPO Holding

91,00,300 shares

Promoters

Post-IPO Holding

1,23,99,500 shares

Promoters

P/E (Pre)

7.57x

P/E (Post)

11.06x

EPS (Pre)

₹9.66

UPI Deadline

2023-10-05

Mandate

Anchor AllotmentThu, 28 Sep 2023

Basis of AllotmentTue, 10 Oct 2023

Refund InitiationWed, 11 Oct 2023

Demat CreditThu, 12 Oct 2023

Listing DayThu, 12 Oct 2023

UPI Mandate Deadline2023-10-05

Sale TypeFresh Capital

Net Offer to Public31,32,800 shares (aggregating up to ₹23.81 Cr)

Market Maker Quota1,66,400 shares (aggregating up to ₹1.26 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Karnika Industries Ltd IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 05 Oct 2023.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	166,400	—	₹1.26
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	3,299,200	100%	₹25.07

IPO Shares Offered

Karnika Industries Ltd IPO total issue size: ₹25.07 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	166,400	₹1.26	5.04%
Total	3,299,200	₹25.07	100.00%

* Based on upper price band ₹76 per share

Lot Size & Investment

Lot Size

1,600

Shares per Lot

Issue Price

₹76.00

Upper Band

Min Investment

₹121,600

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	3,200	₹243,200
Retail (Max — 13 Lots)	13	20,800	₹1,580,800
S-HNI (Min — 14 Lots)	14	22,400	₹1,702,400
B-HNI (Min — 68 Lots)	68	108,800	₹8,268,800

* Issue Price ₹76 × Lot Size 1,600 shares

IPO Schedule

Anchor

28 Sep 2023

✓ Done

IPO Open

29 Sep 2023

✓ Done

IPO Close

05 Oct 2023

✓ Done

Allotment

10 Oct 2023

✓ Done

Refunds

11 Oct 2023

✓ Done

Demat Credit

12 Oct 2023

✓ Done

Listing Day

12 Oct 2023

✓ Done

₹76.00

INR · NSE

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Issue ₹76.00 Live Price

About Karnika Industries Ltd

Incorporated in 2017, Karnika Industries Limited, previously known as Karni International, manufactures and exports garments in India.Karnika Industries manufactures all types of kids' wear i.e., shorts, joggers, capri, tees, rompers, sleepsuits, pajamas, winter wear, infant wear, etc. The company has well-established manufacturing units for designing, preparing the sample, quality inspection, ironing, and packing of Garments that are equipped with all the necessary hi-tech machines and tools that are required for a modern manufacturing unit.The company sells its products under the brand KARNIKA and sub-categories as KARNIKA Care, KARNIKA Cool, KARNIKA Cube, KARNIKA Life, KARNIKA Key, KARNIKA Club.

Objects of the Issue

To Meet Working Capital Requirement

General Corporate Purpose

Karnika Industries Ltd Financials (Amount in ₹ Lakhs)

Revenue from Operations

₹4,779.3

31 Mar 2021

₹9,892.5

31 Mar 2022

₹12,605.6

31 Mar 2023

Profit After Tax (PAT)

₹81.6

31 Mar 2021

₹454.0

31 Mar 2022

₹826.7

31 Mar 2023

Particulars	31 Mar 2023	31 Mar 2022	31 Mar 2021
Revenue from Operations	12605.62	9892.52	4779.31
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	826.74	454.01	81.61
Net Worth	1806.83	1860.88	378.14
Total Assets	10071.04	5921.42	3055.87
Reserves & Surplus	896.80	N/A	N/A
Borrowings	5245.53	2224.13	1570.94
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

RoNW

45.76%

Debt/Equity

2.90

Issue Structure & Shareholding

Total Shares Offered32,99,200 (100.00%)

Net Offer to Public31,32,800 shares (aggregating up to ₹23.81 Cr)

Reserved for Market Maker1,66,400 shares (aggregating up to ₹1.26 Cr)

Pre-Issue Promoter Holding91,00,300 shares

Post-Issue Promoter Holding1,23,99,500 shares

P/BV RatioN/A

RoEN/A

RoCEN/A

Debt / Equity2.90

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Skyline Financial Services Pvt.Ltd

02228511022

ipo@skylinerta.com

https://www.skylinerta.com/ipo.php

Check Allotment

Book Running Lead Managers

Beeline Capital Advisors Pvt.Ltd

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Karnika Industries Ltd IPO subscribed? ▲

Karnika Industries Ltd IPO is subscribed 1.00 times by Oct 05, 2023. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Karnika Industries Ltd IPO retail subscription status? ▼

The Karnika Industries Ltd IPO retail category is subscribed 1.00 times as of 05 Oct 2023. The retail portion is oversubscribed.

How to subscribe Karnika Industries Ltd IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 29 Sep 2023 and closes 05 Oct 2023. Min investment: ₹121,600 (1 lot = 1,600 shares). UPI mandate: 2023-10-05.

How many times Karnika Industries Ltd IPO subscribed? ▼

The Karnika Industries Ltd IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Karnika Industries Ltd IPO allotment? ▼

Check allotment on the registrar website (Skyline Financial Services Pvt.Ltd) at https://www.skylinerta.com/ipo.php. Enter your PAN, application number or DP/Client ID. Allotment date: 10 Oct 2023. Refunds: on 11 Oct 2023.

When Karnika Industries Ltd IPO will be listed? ▼

The Karnika Industries Ltd IPO listing date is 12 Oct 2023, Thursday. Listed on: NSE SME. Issue price: ₹76. Estimated listing: ₹76. GMP: NIL.

When Karnika Industries Ltd IPO close? ▼

The Karnika Industries Ltd IPO closes on 05 Oct 2023, Thursday. UPI mandate: 2023-10-05. Allotment: 10 Oct 2023. Listing: 12 Oct 2023.

Quick Actions

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Live Price LIVE

Last Price₹76.00

Change—

Issue Price₹76.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹76

Face Value₹10

Lot Size1,600 Sh

Min. Amount₹121,600

GMPNIL

Est. Listing₹76

Subscribed1.00x

Open Date29 Sep 2023

Close Date05 Oct 2023

Allotment10 Oct 2023

Listing Date12 Oct 2023

ExchangeNSE SME

UPI Deadline2023-10-05