Shree Karni Fabcom's IPO offers 18,72,000 shares for INR 42.49 cr. The proceeds will be used to set up the dyeing unit, purchase machinery and meet working capital needs.
Date: Mar 6 to Mar 11, 2024 Listing Date: Mar 14, 2024 Price: INR 220 to 227 per share Lot Size: 600 Shares Total Issue Size: INR 42.49 crores
Shree Karni Fabcom's IPO shows impressive revenue, equity growth, and profitability, making it an appealing investment with a promising future in its sector.
Shree Karni Fabcom total revenue ₹12,694.65M, EPS ₹11.10, RoNW 21.34%, NAV per share ₹260.22. Strong performance compared to Nobletex Industries.
Shree Karni Fabcom IPO aims to boost efficiency with a Navsari dyeing unit (INR 30.70 cr), invest INR 1.86 cr in Palsana machinery, and allocate ₹5 cr for 2025 working capital.
Shree Karni Fabcom's risks include limited dyeing history for evaluation, dependence on the top 5 customers (60% revenue), and Maharashtra's significant contribution (51% revenue).
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