Issue Price
₹76
Per Share
GMP
NIL
Grey Market
Est. Listing
₹76
Expected Price
Min. Application
₹243,200
2 lots × 1600 shares
Incorporated in 2017, Karnika Industries Limited, previously known as Karni International, manufactures and exports garments in India.Karnika Industries manufactures all types of kids' wear i.e., shorts, joggers, capri, tees, rompers, sleepsuits, pajamas, winter wear, infant wear, etc. The company has well-established manufacturing units for designing, preparing the sample, quality inspection, ironing, and packing of Garments that are equipped with all the necessary hi-tech machines and tools that are required for a modern manufacturing unit.The company sells its products under the brand KARNIKA and sub-categories as KARNIKA Care, KARNIKA Cool, KARNIKA Cube, KARNIKA Life, KARNIKA Key, KARNIKA Club.
Karnika Industries Ltd proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| Market Maker | 166,400 | — | ₹1.26 Cr | — |
| TOTAL | 3,299,200 | 100.00% | ₹25.07 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹121,600 |
| Retail (Max) | 13 | 20,800 | ₹1,580,800 |
| sNII (Min) | 14 | 22,400 | ₹1,702,400 |
| bNII (Min) | 68 | 108,800 | ₹8,268,800 |
| Particulars | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
| Revenue from Operations | 12605.62 | 9892.52 | 4779.31 |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | 826.74 | 454.01 | 81.61 |
| Net Worth | 1806.83 | 1860.88 | 378.14 |
| Total Assets | 10071.04 | 5921.42 | 3055.87 |
| Reserves & Surplus | 896.80 | N/A | N/A |
| Total Borrowings | 5245.53 | 2224.13 | 1570.94 |