Shree Karni Fabcom Limited

Company Profile
Company Name Shree Karni Fabcom Limited
Open Date 06-03-2024
Close Date 11-03-2024
Exchange NSE SME
Lot Size 600 Shares
Issue Price ₹220 to ₹227 per share
Issue Size 18,72,000 shares
Application Amount ₹ 1,36,200
Recommendation Apply
Shree Karni Fabcom Limited was originally incorporated in the year 2018 and has its registered office in Surat, Gujarat, India. The company is engaged in the business of manufacturing of specialized technical textile includes weaving, coating, printing and finishing of grey fabric to produce finished knitted and woven fabrics used in luggage, medical arch support, chairs, shoes and apparels industry. Company specializes in Woven Fabrics, Knitted Fabrics, Coated Fabrics, 100% polyester and recycled polyester fabric. As of November 30th, 2023, the Company had 39 employees on its payroll.
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Financial Summary in Lakhs

For the Period Ended Mar-21 Mar-22 Mar-23 Nov-23
Total Assets 2,743.05 5,911.11 9,864.25 14,124.3
Net Assets 671.23 1,321.61 2,602.24 1,912.17
Total Borrowings 1,451.29 2,718.08 3,658.72 9,504.27
Total Revenue 3,289.86 8,365.18 12,704.05 7,599.48
Profit After Tax 153.48 514.84 555.25 813.44

Tentative Timeline

Opening Date 06-03-2024
Closing Date 11-03-2024
Basis of Allotment 12-03-2024
Initiation of Refunds 13-03-2024
Credit of Shares to Demat 13-03-2024
Listing Date 14-03-2024

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.

Contact Information

Registered Office 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 shreekarni@skflindia.com
Website http://www.skflindia.com/

Registrar Details

Name Mas Services Limited
Phone (011) 2610 4142
Email ipo@masserv.com
Website https://www.masserv.com/opt.asp

IPO Reservation

QIB Shares Offered Not more than 50% of the Net Issue
Retail Shares Offered Not less than 35% of the Net Issue
NII (HNI) Shares Offered Not less than 15% of the Net Issue

Shareholding Pattern

Share Holding Pre Issue (Promoters) 96.15%
Share Holding Post Issue (Promoters) 70.70%

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