Karnika Industries Limited

Company Profile
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

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%

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