Shree Karni Fabcom Limited IPO Review

Shree Karni Fabcom Limited IPO

Shree Karni Fabcom Limited’s IPO consists of a fresh issue of 18,72,000 shares aggregating to INR 42.49 crores. The company plans to utilize net proceeds to set up a dyeing unit, purchase new machinery for product expansion, and fund the working capital requirement. 

Shree Karni Fabcom IPO – Important Details

Shree Karni Fabcom IPO DateMarch 6, 2024 to March 11, 2024
Shree Karni Fabcom IPO Listing DateMarch 14, 2024
Shree Karni Fabcom IPO PriceINR 220 to 227 per share
Shree Karni Fabcom IPO Lot Size600 Shares
Shree Karni Fabcom IPO Total Issue SizeINR 42.49 crores
Shree Karni Fabcom IPO Basis of AllotmentMarch 12, 2024
Shree Karni Fabcom IPO Initiation of RefundsMarch 13, 2024
Shree Karni Fabcom IPO Credit of Shares to DematMarch 13, 2024
Shree Karni Fabcom IPO Issue TypeBook Built Issue IPO
Shree Karni Fabcom IPO Listing AtNSE SME

Shree Karni Fabcom Ltd IPO – Company Profile

The company manufactures technical textiles tailored for diverse industries, such as luggage, medical arch support, chairs, shoes, and apparel. The production process begins with yarn procurement and encompasses weaving, coating, printing, and finishing, resulting in knitted and woven fabrics crafted to meet the clients’ customized specifications. 

Specializing in Woven Fabrics, Knitted Fabrics, Coated Fabrics, and 100% polyester, the company sources yarn, resin, acrylic, and coating chemicals to produce specialized technical textiles. 

The Company specializes in converting yarn into fabric through the knitting of fabrics. It outsources the weaving, coating, sizing, and embossing of specialized technical textiles to its Subsidiary, IGK Technical Textile LLP. 

The current manufacturing units consist of three facilities: a knitting facility, a PVC/EVA lamination facility, and an R&D facility. In addition, there are three more facilities in its subsidiary – a woven facility, a coating facility, and an embossing facility. The company uses the machinery installed to process and manufacture finished fabrics from yarn post-processing and chemical treatment.

Shree Karni Fabcom IPO  – Fundamental Analysis

Shree Karni Fabcom Ltd’s IPO financials display remarkable revenue and equity growth alongside increased profitability. This positions it as an attractive investment in its sector, with a promising future driven by solid operational achievements and financial stability.