Karnika Industries IPO Date, Review, Price, Allotment Details

Karnika Industries IPO Details: Karnika Industries IPO date is fixed, The IPO will open on September 29 and will close on October 5. Karnika Industries is an NSE SME IPO to raise ₹25.07 crores via IPO. The Karnika Industries IPO price band is fixed at ₹76 with a market lot of 1600 shares.

Karnika Industries IPO

Table of Contents


Karnika Industries is an ISO 14001:2015 certified manufacturer through job work, trader, and exporter of garments. They manufacture through job work all types of kids’ wear i.e., shorts, joggers, capri, tees, rompers, sleepsuits, pajamas, winter wear, infant wear, etc. They have constructed well-established manufacturing units for designing, preparation of 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. Machinery that is equipped in their infrastructure is operated by their highly experienced team of professionals. They are manufacturing the majority of our products through job work, they are capable of undertaking bulk requirements of our clients and deliver within stipulated schedule.


The company majorly focuses on high-quality fabrics and garments, delivering quality textiles and maintaining long-term associations with their clients. The level of advancement determines the productivity of machines and labor, which in turn, determines the production and profitability of the Company. Their technical team is equipped with modern technology and processing techniques by which they can ensure quality output.

Karnika Industries sells its products under the brand KARNIKA and sub-categories as KARNIKA Care, KARNIKA Cool, KARNIKA Cube, KARNIKA Life, KARNIKA Key, KARNIKA Club. Karnika has a reputed client base which includes various reputed Commission Agents and retail sector clients. The company is growing at a rapid pace and making its presence in the market with quality and professional work.


Objects of the Issue:

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

Karnika Industries Services IPO Review

  • May Apply

Karnika Industries IPO Date & Price Band Details

IPO Open:September 29, 2023
IPO Close:October 5, 2023
IPO Size:Approx ₹25.07 Crores, 3,299,200 Equity Shares
Face Value:₹10 Per Equity Share
IPO Price Band:₹76 Per Equity Share
IPO Listing on:NSE SME
Retail Quota:50% of the net offer
QIB Quota:[.]% of the net offer
NII Quota:50% of the net offer
DRHP Draft Prospectus:Click Here
RHP Draft Prospectus:Click Here
Anchor Investors in IPO:Click Here

Karnika Industries IPO Market Lot

The Karnika Industries IPO minimum market lot is 1600 shares with a ₹121,600 application amount.

ApplicationLot SizeSharesAmount
Retail Minimum11600₹121,600
Retail Maximum11600₹121,600
S-HNI Minimum23200₹243,200

Karnika Industries IPO Dates

The Karnika Industries IPO date is September 29 and the IPO close date is October 5. The IPO allotment date is October 10 and the IPO might list on October 13.

IPO Open Date:September 29, 2023
IPO Close Date:October 5, 2023
Basis of Allotment:October 10, 2023
Refunds:October 11, 2023
Credit to Demat Account:October 12, 2023
IPO Listing Date:October 13, 2023

You can check IPO subscription status and IPO allotment status on their respective pages.

Karnika Industries IPO Form

How to apply Karnika Industries IPO? You can apply Karnika Industries IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Karnika Industries IPO in the Invest section. The other option you can apply Karnika Industries IPO via IPO forms download via the NSE website. Check out the Karnika Industries forms – click NSE IPO Forms download, fill and submit in your bank or with your broker.


Karnika Industries Company Financial Report

₹ in Crores
YearRevenueExpensePAT
2021₹47.79₹46.54₹0.82
2022₹98.93₹91.76₹4.54
2023₹126.06₹114.92₹8.27

Karnika Industries IPO Valuation – FY2023

Check Karnika Industries IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

Earning Per Share (EPS):₹9.66 per Equity Share
Price/Earning P/E Ratio:7.57
Return on Net Worth (RoNW):45.76%
Net Asset Value (NAV):₹19.85 per Equity Share

Peer Group

  • Karnika Industries Limited
  • S.P. Apparels Limited
  • Veekayem Fashion and Apparels Limited

Company Promoters

  • Mr. Niranjan Mundhra
  • Mr. Shiv Shankar Mundhra
  • Mr. Mahesh Kumar Mundhr

Karnika Industries IPO Registrar

Skyline Financial Services Private Ltd
Phone: 02228511022
Email: [email protected]
Website: https://www.skylinerta.com/

Karnika Industries IPO Allotment Status

Check Karnika Industries IPO allotment status on Skyline Financial website URL. Click Here

Karnika Industries IPO Lead Managers aka Merchant Bankers

  • Beeline Capital Advisors Pvt Ltd

Company Address

Plada Infotech Services Limited
6&6/1,
Gurgola Ghat Road P.O. Salkia
Howrah – 711106
Phone: 033-26558101
Email: [email protected]
Website: http://www.karnikaindustries.com/Default/Index

Karnika Industries IPO FAQs


What is Karnika Industries IPO?

Karnika Industries IPO is an NSE SME IPO. They are going to raise ₹25.07 Crores via IPO. The issue is priced at ₹76 per equity share. The IPO is to be listed on NSE.

When Karnika Industries IPO will open?

The IPO is to open on September 29, 2023 for QIB, NII, and Retail Investors.

What is Karnika Industries IPO Investors Portion?

The investors’ portion for QIB is [.]%, NII is 50%, and Retail is 50%.

How to Apply the Karnika Industries IPO?

You can apply Karnika Industries IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

How to Apply the Karnika Industries IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Karnika Industries”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the Karnika Industries IPO through Upstox?

Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Karnika Industries”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.

How to Apply the Karnika Industries IPO through Paytm Money?

Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “Karnika Industries”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.

What is Karnika Industries IPO Size?

Karnika Industries IPO size is ₹25.07 crores.

What is Karnika Industries IPO Price Band?

Karnika Industries IPO Price Band is ₹76 per equity share.

What is Karnika Industries IPO Minimum and Maximum Lot Size?

The IPO bid is 1600 shares with ₹121,600.

What is Karnika Industries IPO Allotment Date?

Karnika Industries IPO allotment date is October 10, 2023.

What is Karnika Industries IPO Listing Date?

Karnika Industries IPO listing date is October 13, 2023. The IPO to list on NSE SME.

Note: The Karnika Industries IPO details are announced officially. The IPO grey market premium (Karnika Industries IPO Premium) is updated on the respective page. You can check our IPO grey market page for daily updates.)

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