Shree Karni Fabcom IPO

Shree Karni Fabcom Limited

₹1,32,000 /600 sharesMinimum Investment

Shree Karni Fabcom IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
NSE₹227.00₹260.00₹33.00 (14.54%)

Shree Karni Fabcom IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
6 Mar ‘24 - 11 Mar ‘24₹1,32,000600₹220 - ₹227
Issue SizeIPO Doc
42.49Cr
RHP PDF

About the company

Shree Karni Fabcom Limited manufactures technical textiles for industries like luggage, medical arch support, chairs, shoes, and apparel. The company makes woven fabrics, knitted fabrics, coated fabrics, and 100% polyester. It sources yarn, resin, acrylic, and coating chemicals to produce specialized technical textiles. It converts yarn into fabric through knitting and outsources weaving, coating, sizing, and embossing to its subsidiary, IGK Technical Textile LLP. The company’s manufacturing unit has a daily weaving capacity of 70,000 meters, a monthly knitting capacity of 90,000 kilos, a daily poly acrylic and polyurethane coating capacity of 50,000 meters, a daily PVC lamination capacity of 15,000 meters, EVA lamination capacity of 8,000 meters, and a daily heat embossing capacity of 40,000 meters. The company’s current manufacturing units consists of three facilities - namely, knit facility, PVC/EVA lamination facility, and R&D facility. The company markets and sells its products across India under our brand ‘SKFL’. Recently, the company has acquired 66.67% stake in IGK Technical Textile LLP w.e.f. October 31, 2023, which is engaged in weaving, coating, sizing and embossing of specialized technical textile. ;
Founded in
2018
Managing director
Mr. Rajiv Lakhotia
Parent organisation
Shree Karni Fabcom Limited

Strength and risks

Strengths
Risks
The company initially focused on manufacturing woven fabrics and, in 2020, expanded into woven products like interlining woven and knitted woven. It now produces coated fabrics, including EVA and PVC laminated fabrics, offering products for luggage, roofing, agriculture, vehicle covers, tents, chairs, medical support, etc. The company is also planning to set up a dyeing unit for woven and knitted fabrics to enhance its product range.
The company is based in Gujarat, allowing it to use incentives under the "Technology Upgradation Fund Scheme" (TUFS) and "Amended Technology Upgradation Fund Scheme" (ATUFS) from the Central Government of India. It also uses incentives under the "Gujarat Textile Policy, 2012," provided by the State Government of Gujarat, entailing a 6% interest subsidy on availed loans.
The company reported revenue from operations of Rs. 32.87 cr, Rs. 83.57 cr, and Rs. 126.95 cr in FY 2021, 2022 and 2023 respectively. For the same time periods, it reported Profit after tax of Rs. 1.53 cr, Rs. 5.15 cr, and Rs. 5.55 cr respectively.
The company has received ISO 9001:2015 certification from INTERTEK. As per the company, this is a globally standardized certification that applies to all stages of production, covering semi-finished and finished textile products, along with accessory materials used in the process.

Financials

*All values are in Rs. Cr
No Graph Data To Display

Application details

Apply asPrice bandApply upto
Regular220 - 227₹2 Lakh
High Networth Individual220 - 227₹2 - 5 Lakh
For Shree Karni Fabcom IPO, eligible investors can apply as Regular.
ⓒ 2016-2024 Groww. All rights reserved, Built with in India
MOST POPULAR ON GROWWVERSION - 5.1.9
STOCK MARKET INDICES:  S&P BSE SENSEX |  S&P BSE 100 |  NIFTY 100 |  NIFTY 50 |  NIFTY MIDCAP 100 |  NIFTY BANK |  NIFTY NEXT 50
MUTUAL FUNDS COMPANIES:  GROWWMF |  SBI |  AXIS |  HDFC |  UTI |  NIPPON INDIA |  ICICI PRUDENTIAL |  TATA |  KOTAK |  DSP |  CANARA ROBECO |  SUNDARAM |  MIRAE ASSET |  IDFC |  FRANKLIN TEMPLETON |  PPFAS |  MOTILAL OSWAL |  INVESCO |  EDELWEISS |  ADITYA BIRLA SUN LIFE |  LIC |  HSBC |  NAVI |  QUANTUM |  UNION |  ITI |  MAHINDRA MANULIFE |  360 ONE |  BOI |  TAURUS |  JM FINANCIAL |  PGIM |  SHRIRAM |  BARODA BNP PARIBAS |  QUANT |  WHITEOAK CAPITAL |  TRUST |  SAMCO |  NJ

ABOUT GROWW