Shree Karni Fabcom IPO Date, Review, Price, Allotment Details

Shree Karni Fabcom is engaged in the manufacturing of technical textiles tailored for diverse industries such as luggage, medical arch support, chairs, shoes, and apparel. Their production process begins with yarn procurement and encompasses weaving, coating, printing, and finishing, resulting in knitted and woven fabrics crafted to meet their clients’ customized specifications. Specializing in Woven Fabrics, Knitted Fabrics, Coated Fabrics, and 100% polyester, they source yarn, resin, acrylic, and coating chemicals to produce specialized technical textiles. The Company specialises in converting yarn into fabric through knitting of fabrics. They outsource weaving, coating, sizing, and embossing of specialized technical textiles to their Subsidiary, IGK Technical Textile LLP.

Their product applications span a wide spectrum, including luggage, roofing, agriculture nets, vehicle covers, tents, armed forces fabric, sports kits, chairs, medical arch support, umbrellas, and raincoats. Their manufacturing unit is equipped with automated machines for manufacturing specialized technical textiles with installed capacity of 70,000 meters per day for weaving, 90,000 kilos per month for knitting, 50,000 meters per day for poly acrylic and polyurethane coating, 15,000 meters per day for PVC / 8,000 meters per day for EVA lamination and 40,000 meters per day heat embossing. They market and sell under their brand ‘SKFL’. They propose to utilize a portion of the Net Proceeds of this Issue towards setting up of dyeing facility and forward integration for manufacturing of bags at land already purchased in very close vicinity to our existing manufacturing setup.

Objects of the Issue:

• Funding the capital expenditure setting up a dyeing unit in Navsari District, Surat, Gujarat.
• Funding the purchase of new machinery proposed to be installed at the new unit proposed to be set up for manufacturing bags in Palsana, Surat, Gujarat, with an intent to expand the product portfolio.
• Funding working capital requirements of the company.
• General Corporate Purposes.

Shree Karni Fabcom IPO Review

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Shree Karni Fabcom IPO Date & Price Band Details

Shree Karni Fabcom IPO Market Lot

The Shree Karni Fabcom IPO minimum market lot is 600 shares with a ₹136,200 application amount.

Shree Karni Fabcom IPO Dates

The Shree Karni Fabcom IPO date is March 6 and the IPO close date is March 11. The IPO allotment date is March 12 and the IPO might list on March 14.

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

Shree Karni Fabcom IPO Form

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

Shree Karni Fabcom Company Financial Report

Shree Karni Fabcom IPO Valuation – FY2023

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

Peer Group

• Nobletex Industries Limited

Company Promoters

• Manoj Kumar Karnani
• Radhe Shyam Daga
• Rajiv Lakhotia
• Raj Kumar Agarwal

Shree Karni Fabcom IPO Registrar

Mas Services Limited
Phone: (011) 2610 4142
Email: [email protected]
Website: https://www.masserv.com/opt.asp

Shree Karni Fabcom IPO Allotment Status

Check Shree Karni Fabcom IPO allotment status on Mas Services website URL. Click Here

Shree Karni Fabcom IPO Lead Managers aka Merchant Bankers

• Horizon Management Private Limited

Company Address

Shree Karni Fabcom Limited
Plot 188,189,190, Block No. 314,
Rajhans Texpa Village Baleshvar
Taluka Palsana, Surat – 394 317,
Phone: +91 262 235 0900
Email: [email protected]
Website: http://www.skflindia.com/

Shree Karni Fabcom IPO FAQs