What is the issue size of Karnika Industries IPO?

The issue size of the Karnika Industries IPO is Rs 25.07 cr

What is 'pre-apply' for Karnika Industries IPO?

Pre-apply will alow you to apply for the Karnika Industries IPO 2 days before the subscription period starts.

If I pre-apply for Karnika Industries IPO, when will my order get placed?

Your order will be placed on the exchange as soon as the Karnika Industries IPO bidding starts. You will receive a UPI request within 24 hours after the bidding period opens.

When will I know if my Karnika Industries IPO order is placed?

We will notify you when your Karnika Industries IPO order is placed with the exchange.

What are the open and close dates of the for Karnika Industries IPO?

Karnika Industries IPO will be open between 29 Sept - 5 Oct, 2023.

What is the lot size and minimum order quantity of the Karnika Industries IPO?

Karnika Industries Limited IPO lot size is 1600 shares.

What are the allotment dates for the Karnika Industries IPO?

Karnika Industries IPO allotment date is 10 Oct, 2023. For Karnika Industries IPO allotment status check, you can visit the website of the registrar of the IPO.

Who is the registrar of Karnika Industries IPO?

Karnika Industries IPO registrar is Skyline Financial Services Private Ltd. You can check Karnika Industries IPO allotment status on the website of the registrar.

Where is the Karnika Industries IPO getting listed?

The shares are proposed to be listed on NSE SME.

Karnika Industries IPO

Karnika Industries Limited

₹1,21,600 /1600 sharesMinimum Investment

Karnika Industries IPO Listing DetailsListed OnIssue PriceListing PriceListing Gains
NSE₹76.00₹81.00₹5.00 (6.58%)
Karnika Industries IPO DetailsBidding DatesMin. InvestmentLot SizePrice Range
29 Sep ‘23 - 5 Oct ‘23₹1,21,6001,600₹76 - ₹76
Issue SizeIPO Doc
25.07CrRHP PDF
About Karnika IndustriesKarnika Industries was incorporated in 2022. The company is involved in the manufacturing of a wide range of children's clothing, such as shorts, joggers, capris, tees, rompers, sleepsuits, pajamas, winter wear, and infant wear. They have established manufacturing units for designing, sample preparation, quality inspection, ironing, and garment packing. These units are equipped with cutting-edge machinery and tools required for modern production.
Their business process involves using yarn and fabrics in the manufacturing process. Additionally, they offer fabric alternatives to customers. Karnika Industries also organizes fashion shows to showcase its creations.;
Parent Organisation
Karnika Industries Limited
Founded
2022
Managing Director
Mr. Niranjan Mundhra
Strengths & Risks
Karnika Industries has a diverse product lineup spanning various categories to meet customer needs. They specialize in crafting a wide range of children's apparel, including shorts, joggers, capris, tees, rompers, sleepwear, pajamas, and winter clothing, along with infant garments. 
Committed to maintaining high-quality standards, the company adheres to stringent manufacturing protocols. This involves employing skilled personnel, well-equipped manufacturing facilities, and quality control measures.
To enhance efficiency and cost-effectiveness, Karnika Industries has implemented various measures. These include streamlining procurement processes for production inputs, ultimately reducing production costs.
Wide range of children's clothing, such as shorts, joggers, capris, tees, rompers, sleepsuits, pajamas, winter wear, and infant wear.
Karnika Industries and a group company are currently involved in ongoing legal proceedings. Unfavorable outcomes in these legal matters could significantly impact the company's business, financial condition, and operational results.
In the periods ending on March 31, 2023, April 12, 2022, March 31, 2022, and March 31, 2021, the top customers accounted for 54.49%, 61.66%, 61.49%, and 62.40% of the company's revenues, respectively. Any loss of business from one or more of these key customers could negatively affect the company's profitability. 
The company's top ten suppliers contributed approximately 45.09%, 65.93%, 55.93%, and 46.99% of the company's total purchases for the periods ending on March 31, 2023, April 12, 2022, March 31, 2022, and March 31, 2021, respectively. 
The loss of business with one or more of these suppliers may have an adverse impact on the company's business operations and profitability. 
As of March 31, 2023, Karnika Industries had long-term borrowings of Rs. Rs. 4.33 Lakhs and short-term borrowings of Rs. 5,241.20 Lakhs. The company anticipates incurring additional indebtedness in the future.
The company has obtained unsecured loans from directors, the promoter group, and other parties. The total outstanding amount owed to them as of March 31, 2023, stands at Rs. 1426.94 Lakhs.
Karnika Industries is exposed to foreign currency exchange rate fluctuations, which significantly impact on its operational results and financial condition.
In the past, the company has faced negative cash flows. Any such occurrences in the future could potentially affect its business, operational results, and overall prospects.
Financials
*All values are in Rs. Cr
No Graph Data To Display
Application detailsApply asPrice bandApply upto
Regular₹76 - 76₹2 Lakh
High Networth Individual₹76 - 76₹2 - 5 Lakh
For Karnika Industries IPO, eligible investors can apply as Regular.

Listed On	Issue Price	Listing Price	Listing Gains
NSE	₹76.00	₹81.00	₹5.00 (6.58%)

Bidding Dates	Min. Investment	Lot Size	Price Range
29 Sep ‘23 - 5 Oct ‘23	₹1,21,600	1,600	₹76 - ₹76

Issue Size	IPO Doc
25.07Cr	RHP PDF

Apply as	Price band	Apply upto
Regular	₹76 - 76	₹2 Lakh
High Networth Individual	₹76 - 76	₹2 - 5 Lakh

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