Karnika Industries Limited

Issue Size (Net)

up to Rs.25.07 Cr

Price Band

Rs.76 per share

Issue Opens

September 29, 2023

Issue Closes

October 4, 2023

Company Highlights Financials Highlights Issue Details Prospectus

Company Highlights

1.Company Information

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.

2. Objective of the Issue

The Company proposes to utilize the Net Proceeds towards funding the following objects:

1. To Meet Working Capital Requirement.

2. General Corporate Purpose.

3. To Meet the Issue Expenses.

3.Karnika Industries IPO Registrar

Skyline Financial Services Private Ltd

Phone: 02228511022

Email: ipo@skylinerta.com

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

Karnika Industries IPO Financial Information (Restated)

Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-21	3055.87	4779.31	81.61	378.14		1570.94
31-Mar-22	5921.42	9892.52	454.01	1860.88		2224.13
31-Mar-23	10071.04	12605.62	826.74	1806.83	896.8	5245.53
Amount in Rs. Lakhs

Karnika Industries IPO Details

Issue Opening Date	September 29, 2023
Issue Closing Date	October 4, 2023
Face Value	Rs.10 per share
Price	Rs.76 per share
Lot Size	1600 Shares
Issue Size	3,299,200 shares (aggregating up to Rs.25.07 Cr)
Fresh Issue	3,299,200 shares (aggregating up to Rs.25.07 Cr)
Issue Type	Fixed Price Issue IPO
Listing At	NSE SME
Share holding pre issue	9100300
Share holding post issue	12399500
Market Maker portion	166,400 shares Hem Finlease

Karnika Industries IPO Timeline (Tentative Schedule)

Event	Tentative Date
Opening Date	Friday, September 29, 2023
Closing Date	Wednesday, October 4, 2023
Basis of Allotment	Monday, October 9, 2023
Initiation of Refunds	Tuesday, October 10, 2023
Credit of Shares to Demat	Wednesday, October 11, 2023
Listing Date	Thursday, October 12, 2023
Cut-off time for UPI mandate confirmation	5 PM on October 4, 2023

Prospectus

Prospectus File

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