Shree Karni Fabcom Ltd. IPO is just around the corner. Investors who are looking to invest in this technical textile manufacturer must be wondering about the IPO details and GMP.
Shree Karni Fabcom Limited IPO GMP
Shree Karni Fabcom Ltd manufactures customized woven and knitted fabrics for diverse industries, such as medical arch support, shoes, luggage, apparel, and chairs. Their manufacturing unit has advanced and automated machines that produce tailored and quality technical textiles for the industries.
The company was originally established as a Limited Liability Partnership (LLP) in 2018. Now, the company is going for its IPO on 6 March 2024. The IPO grey market premium price is updated, and the last GMP is ₹250 on 2 March 2024.
According to the reports, the estimated listed price is ₹477, and the expected percentage gain/loss per share is 110.13%. The GMP started with the lowest value of ₹0 and currently stands at ₹250.
| GMP Date | IPO Price | IPO GMP | Subject to Suada Rate |
| 2 March 2024 | 227 | ₹250 | 1,14,000 |
| 1 March 2024 | 227 | ₹200 | 91200 |
| 29 February 2024 | NA | ₹40 | – |
| 28 February 2024 | – | ₹0 | – |
Shree Karni Fabcom IPO Dates
Investors interested in Shree Karni Fabcom Limited’s upcoming IPO must mark the key dates of the IPO on their calendar.
The Shree Karni Fabcom IPO will be open for application from 6 March 2024 to 11 March 2024. The IPO allotment will take place on 12 March 2024.
The initiation of refunds for those applicants who haven’t been allotted the shares will be processed on 13 March 2024. The shares of Shree Karni Fabcom will be listed on NSE SME after the IPO on 14 March 2024.
| Date | Shree Karni Fabcom IPO Events |
| 6 March 2024 | IPO Opening Date |
| 11 March 2024 | IPO Closing date |
| 12 March 2024 | Allotment of IPO |
| 13 March 2024 | Refund Initiation |
| 14 March 2024 | Listing Date |
| 11 March 2024 | UPI mandates confirmation cut-off time. |
Shree Karni Fabcon IPO Key Details
The Shree Karni Fabcom IPO will be a fresh issue of 18.72 lakh equity shares which will raise around ₹42.4 crores. The IPO will be a book-built issue made in terms of Regulation 229(1) of Chapter IX of SEBI regulations.
The price band of the IPO is ₹220 to ₹227 per equity share with a face value of ₹10 per equity share. The minimum lot market for the subscription is 600 shares.
The registrar of the Shree Karni Fabcom IPO issue is Mas Services Ltd., and the book-running lead manager is Horizon Management Private Ltd. MLB Stock Building is the market maker of the Shree Karni Fabcom Ltd.
The objective of the issue is to fund the capex for the dyeing unit in Navsari District, Gujarat, and the purchase of new machinery for the new unit in Palsana, Gujarat for manufacturing bags, and funding the working capital of the company.
| Company Name | Shree Karni Fabcom Ltd. |
| IPO Total Size | 1,872,000 shares (matches up to ₹42.49 cr) |
| Issue type | Book Built Issue |
| Lot Size | 600 shares |
| Price band | ₹220 to ₹227 |
| Face Value | ₹10 per equity share |
| Fresh issue | 1,872,000 shares (matches up to ₹42.49 cr) |
| OFS | NIL |
| Listing at | NSE SME |
| Market Maker | 93,600 shares |
Shree Karni Fabcom IPO Reservation and Lot Size
According to the IPO details, the Qualified institutional buyers can apply for 50% of the net issue, the retail investors offered shares are not less than 35% of the net issue, and the Non-Institutional buyers offered shares are not less than 15% of the net shares.
| Investors Category | Shares offered |
| QIB | 50% |
| Retail | 35% |
| NII (HNI) | 15% |
For the Shree Karni Fabcom Ltd IPO, the minimum lot size is 600 shares with an investment amount up to ₹1,36,200. Retail investors would require a minimum investment of ₹1,36,200 to apply for the 600 shares in 1 lot.
| Investor Category | Lots | Shares | Amount |
| Retail (min.) | 1 | 600 | ₹1,36,200 |
| Retail (max.) | 1 | 600 | ₹1,36,200 |
| HNI (min.) | 2 | 1200 | ₹272,400 |
The Shree Karni Fabcom Ltd is stable financially, their revenue has hiked by 51.87% in the fiscal year 2022-2023. So, investors looking to invest in this textile company should be ready for the upcoming IPO on 6 March 2024.