Karnika Industries Limited

Company Name	Karnika Industries Limited
Open Date	29-09-2023
Close Date	05-10-2023
Exchange	NSE SME
Lot Size	1600 Shares
Issue Price	₹76 per share
Issue Size	32,99,200 Equity Shares
Application Amount	₹ 1,21,600
Recommendation	Avoid

Karnika Industries Limited was originally incorporated in the year 2017 and has its registered office in West Bengal. The Company is engaged in the manufacturing of kid's wear and trading of garments which includes trading of boy's and girls’ wear. The company sells the products through trading under its own brand name i.e., KARNIKA. As of 31st March 2023, the Company has 221 Employees on its payroll.

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Summary of Financials (All financials in Lakh)

For the Period Ended	Mar-21	Mar-22	Mar-23
Total Assets	3,055.87	5,921.43	10,071.02
Net Assets	378.14	1,860.88	1,860.83
Total Borrowings	1,570.94	2,224.13	5,245.53
Total Revenue	4,779.31	9,892.53	13,243.93
Profit After Tax	81.61	454.01	852.40

Tentative Timeline

Opening Date	29-09-2023
Closing Date	05-10-2023
Basis of Allotment	10-10-2023
Initiation of Refunds	11-10-2023
Credit of Shares to Demat	12-10-2023
Listing Date	13-10-2023

Objects of the Issue

Working Capital Requirements

To Meet Issue Expenses.

General Corporate Purpose.

Contact Information

Registered Office	Karnika Industries Limited 6&6/1, Gurgola Ghat Road P.O. Salkia Howrah - 711106
Phone	033-26558101
Email	info@karnikaindustries.com
Website	http://www.karnikaindustries.com/Default/Index

Offer Documents

Karnika Industries Limited DRHP

Karnika Industries Limited RHP

Registrar Details

Name	Skyline Financial Services Private Limited
Phone	02228511022
Email	ipo@skylinerta.com
Website	https://www.skylinerta.com/ipo.php

IPO Reservation

Anchor Investor Shares Offered	-
Market Maker Shares Offered	166,400 (5.04%)
Other Shares Offered	1,566,400 (47.48%)
Retail Shares Offered	1,566,400 (47.48%)
Total Shares Offered	3,299,200 (100%)

Shareholding Pattern

Share Holding Pre Issue (Promoters)	100.00%
Share Holding Post Issue (Promoters)	73.39%