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Shree Karni Fabcom Ltd IPO Synopsis

An Initial Public Offering is an opportunity for investors to take part in the growth of a company. It is always better to be in the first batch of investors. The shares offered by the company get listed on the stock exchanges and can be bought and sold by investors.

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Shree Karni Fabcom Ltd IPO

Registered Office: Plot 188 189 190 Block # 314,Rajhans Texpa Vill. Baleshvar , Surat - 394317 , Gujarat , India.
Phone : +91 262 235 0900   Fax:
Email :  shreekarni@skflindia.com  
Website :  www.skflindia.com
Initial public offer of upto 18,72,000 equity shares of face value of (Rs)10/- each ("Equity Shares") of Shree Karni Fabcom Limited (the "Company" or "SKFL" or "Issuer") at an issue price of (Rs)227 per equity share (including a share premium of (Rs)217 per equity share) for cash, aggregating up to (Rs)42.49 crores ("Public Issue") out of which upto 93,600 equity shares of face value of (Rs)10/- each, at an issue price of (Rs)227 per equity share for cash, aggregating (Rs)2.12 crores will be reserved for subscription by the market maker to the issue (the "Market Maker Reservation Portion"). The public issue less market maker reservation portion i.e. issue of upto 17,78,400 equity shares of face value of (Rs)10/- each, at an issue price of (Rs)227 per equity share for cash, aggregating up to (Rs)40.37 crores is hereinafter referred to as the "Net Issue". The public issue and net issue will constitute 26.47% and 25.15% respectively of the post-issue paid-up equity share capital of the company. Price Band:(Rs)227 per equity share of face value of (Rs)10 each. The floor price is 22.70 times of the face value of the equity shares. Bids can be made for a minimum of 600 equity shares and in multiples of 600 equity shares thereafter.

Issue Money Payable On
Opens On Closes On Application Allotment
06-Mar-24 11-Mar-24 (Rs)227.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :600  Further Multiples of :600

  (Rs Cr) Lead Managers to the Issue
Project Cost 0.00
Horizon Management Pvt Ltd
Project Financed through Current Offer 42.49  
Post Issue Equity Share Capital 7.07  
Issue Price (Rs)227.00  
 
Projects
Funding the capital expenditure setting up a dyeing unit in Navsari DistFunding working capital requirements of the company
Funding the purchase of new machinery propsed to be installed at its new unit proposed to be set up for mfg bags in PalsanaGeneral corporate purposes
Promoted By
Manoj Kumar Karnani  
Radhe Shyam Daga  
Rajiv Lakhotua  
Listing At
NSE - SME 
Registrar to the Issue
MAS Services Ltd