Karnika Industries Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Karnika Industri

CMP

257.00

+1.25 (0.49%)

₹76

Offer Price

₹ 25.07 Cr

Issue Size

₹ 1,21,600

Min Investment

1,600

Lot size

Time Line

  • 29
    Sep 2023
    Open
  • 05
    Oct 2023
    Close
  • 12
    Oct 2023
    Listing Date

Objects of the Offer

  • Develop cordial relationship with its Suppliers, Customer and employees.

  • Optimal Utilization of Resources.

  • Enhance product quality.

  • Creativity.

  • To Build-Up a Professional Organization.

Products & Services

  • The Company basically manufactures through job work all types of kids wear.

Strengths

  • Diversified Product Portfolio.

  • Consistency in Quality and Service Standards.

  • Cost effective production and timely fulfilment of orders.

  • Scalable Business Model.

  • Organizational stability along with management expertise.

Risks

  • The loss, shutdown or slowdown of operations of the facility or the under-utilization of any such facility may have a material effect on the company results of operations and financial condition.

  • The company has significant power requirements for continuous running of the factories. Any disruption to its operations on account of interruption in power supply or any irregular or significant hike in power tariffs may have an effect on the company business, results of operations and financial condition.

  • The company is dependent on Job work for manufacturing of its Products, any disruption to the operations on account of Job work may have an effect on the business, results of operations and financial condition.

  • The company`s business is manpower intensive and any unavailability of the employees or shortage of labour or any strikes, work stoppages, increased wage demands by workmen or changes in regulations governing hiring of labour may have an adverse impact on its cash flows and results of operations.

  • There are outstanding legal proceedings involving the Company and Group Company. Any adverse decision in such proceedings may have a material adverse effect on its business, results of operations and financial condition.

Company Promoters

Promoters Holding

Issue For IPO
26.61%
Pre Holding

99.99%

Post Holding

73.38%

Top Promoters Holding

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2023 3-Yr trend
Revenue 98.81 (108.20%) 124.59 (26.10%) 45.76 (-)
Gross Profit 98.81 (108.20%) 124.59 (26.10%) 45.76 (-)
Net Income 98.81 (108.20%) 124.59 (26.10%) 45.76 (-)
Assets 98.81 (108.20%) 124.59 (26.10%) 45.76 (-)
Liabilities 98.81 (108.20%) 124.59 (26.10%) 45.76 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Karnika Industries Ltd 124.59 8.27 70.64 52.57 45.76 0.00 19.85 3.28 0.74
S P Apparels Ltd 1,077.88 82.51 1,097.06 1,097.06 12.24 32.37 265.86 7.52 0.32
Veekayem Fashion & Apparels Ltd 235.10 1.81 143.73 143.73 4.86 3.44 63.36 1.25 2.38

Book Running Managers

  • Beeline Capital Advisors Pvt Ltd

Registrar & Transfer Agent

Skyline Financial Services Pvt

D-153/A 1st Flr,
Okhla Industrial Are,
Phase-I - New Delhi-110020
Phone : 91-11-26812682 Fax: 91-11-30857562

Company Contact Information

6&6/1 Gurgola Ghat Road P O,
Salkia Howrah,
Howrah - 711106
Phone : 033-26558101 Email : info@karnikaindustries.com www.karnikaindustries.com

Offer Related Information

Initial public issue of 32,99,200 equity shares of Rs. 10/- each ("Equity Shares") of Karnika Industries Limited ("Karnika" or the "Company" or the "Issuer") for cash at a price of Rs. 76/- per equity share including a share premium of Rs. 66/- per equity share (the "Issue Price"), aggregating to Rs. 25.07 crores ("The Issue"), of which 1,66,400 equity shares of Rs. 10/- each for cash at a price of Rs. 76/- per equity share including a share premium of Rs. 66/- per equity share aggregating to... More

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