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Shree Karni Fabcom IPO
Price Band
₹220.0–227.0
Issue Size
₹42.49 Cr
Lot Size
600 shares
Min Investment
₹136,200
GMP
+₹30.0 (13.22%)
Issue Price
₹227.0
Subject to Sauda
₹13700
Paid only if allotted
Shree Karni Fabcom IPO AI Summary
- Shree Karni Fabcom IPO is listed on NSE SME in the Other Textile Products sector.
- Price band: ₹220.0–₹227.0 per share, lot size 600 shares (min. investment ₹136,200).
- Subscription window: 06 Mar–11 Mar 2024, listing on 14 Mar 2024.
- Current GMP is +₹30.0 (13.22%), an estimated listing price of ₹257 — unofficial and can change daily.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Shree Karni Fabcom IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 11 Mar 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Shree Karni Fabcom IPO Grey Market Premium (GMP) Today
GMP
+₹30.0
GMP %
+13.22%
Est. Listing
₹257.0
Updated: 25 Jul 2026 14:06
About the Company
Incorporated in March 2018, Shree Karni Fancom Limited produces customized knitted and woven fabrics for industries such as luggage, medical arch support, chairs, shoes, and apparel. They specialize in Woven Fabrics, Knitted Fabrics, Coated Fabrics, and 100% polyester, and source yarn, resin, acrylic, and coating chemicals to produce specialized technical textiles. The manufacturing unit has modern, highly automated machines that produce specialized technical textiles with installed capacities of 70k meters/day for weaving, 90k kilos/month for knitting, 50k meters/day for coatings, 15k meters/day for PVC, 8k meters/day for EVA lamination, and 40k meters/day for heat embossing. Revenue from operations for 8 months ended Nov 30, 2023 was ₹7572.22 lakhs. Fiscals 2021, 2022, 2023 revenue was ₹3287.42 lakhs, ₹8357.36 lakhs, and ₹12694.65 lakhs respectively. Revenue grew at a CAGR of 56.89% during this period. The company has been awarded a certificate for their management system, ISO 9001:2015 by INTERTEK. The company sells its products to various contract manufacturers of branded luggage and shoe manufacturers, traders, and others located in 13 states. As on November 30, 2023, the company has 39 employees in various departments.
Company Financials (₹ Cr)
As of 2023-11-30
| Period Ended | 30 Nov 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 141.24 | 98.64 | 59.11 | 27.43 |
| Total Income | 75.99 | 127.04 | 83.65 | 32.90 |
| Profit After Tax | 8.13 | 5.55 | 5.15 | 1.53 |
| NET Worth | 19.12 | 26.02 | 13.22 | 6.71 |
| Reserves and Surplus | 13.92 | 25.02 | 12.22 | 5.71 |
| Total Borrowing | 95.04 | 36.59 | 27.18 | 14.51 |
Key Ratios
EPS
₹10.68
NAV
₹36.77
ROE
42.56%
ROCE
11.34%
RoNW
42.56%
P/B Value
6.17
P/E Ratio
21.26
Market Cap
₹160.53 Cr
PAT Margin
10.75%
Peer Comparison
| Company | NAV | RoNW | EPS Basic | EPS Diluted |
|---|---|---|---|---|
| Nobletex Industries Limited | 88.94 | 24.16% | 19.17 | 19.17 |
| Shree Karni Fabcom Limited This IPO | 260.22 | 21.34% | 23.8 | 23.8 |
Promoters
Manoj Kumar Karnani, Radhe Shyam Daga, Rajiv Lakhotia and Raj Kumar Agarwal
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Funding the capital expenditure setting up a dyeing unit in Navsari District, Surat, Gujarat 30.70 2 Funding the purchase of new machinery proposed to be installed at our new unit proposed to be set up for manufacturing bags in Palsana, Surat, Gujarat, with an intent to expand our product portfolio 1.87 3 Funding working capital requirements of our Company 5.00 4 General Corporate Purposes 3.50
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Revenue from operations for the 8 months ended November 30, 2023, was ₹7572.22 lakhs. In the fiscal years, revenue was ₹3287.42 lakhs for 2021, ₹8357.36 lakhs for 2022, and ₹12694.65 lakhs for 2023. This indicates a strong growth trend, with revenue growing at a CAGR of 56.89% during this period.
Profit Trend
Profit After Tax (PAT) for the 8 months ended November 30, 2023, was ₹8.13 Cr. In the fiscal year ending March 31, 2023, PAT was ₹5.55 Cr, while for the fiscal year ending March 31, 2022, it was ₹5.15 Cr, and for the fiscal year ending March 31, 2021, it was ₹1.53 Cr. This shows an upward trend in profitability over the years.
Valuation
At the issue price of ₹227.0, Shree Karni Fabcom's implied P/E ratio is approximately 21.26, compared to peers like Nobletex Industries Limited, which has an EPS of ₹19.17. This indicates that Shree Karni Fabcom is priced at roughly 21.26 trailing earnings, while peers are trading at a different range.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an unofficial indicator of the expected listing price of an IPO. It reflects the demand for the shares in the grey market before they are listed on the stock exchange. A positive GMP suggests that investors expect the stock to list at a higher price than the issue price.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. It is important to consider the company's growth potential and market conditions before making a decision.
Who May Want to Wait
Investors who are risk-averse or those who prefer stable, established companies may want to avoid IPOs like this, which can be subject to significant price fluctuations and uncertainties in the early stages.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make when shares are listed on the stock exchange and trade at a price higher than the issue price. However, these gains are not guaranteed and can be influenced by market conditions, investor sentiment, and the company's performance post-listing.
This evaluation is generated from Shree Karni Fabcom's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Shree Karni Fabcom IPO GMP today?
Shree Karni Fabcom IPO GMP today is +₹30.0 (13.22%), indicating an estimated listing price of ₹257. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Shree Karni Fabcom IPO?
The price band of Shree Karni Fabcom IPO is ₹220.0–₹227.0 per share.
When does Shree Karni Fabcom IPO open and close?
Shree Karni Fabcom IPO opens on 06 March 2024 and closes on 11 March 2024.
When does Shree Karni Fabcom IPO list on the stock exchange?
Shree Karni Fabcom IPO listed on 14 March 2024 at ₹257.0.
What is the lot size for Shree Karni Fabcom IPO?
The lot size for Shree Karni Fabcom IPO is 600 shares, requiring a minimum investment of ₹136,200.
What is the price band for the IPO?
The price band for the IPO is ₹220.0 to ₹227.0.
What is the minimum investment required?
The minimum investment required is ₹136,200.
What is the lot size for the IPO?
The lot size for the IPO is 600 shares.
When is the listing date?
The listing date is March 14, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the shares in the grey market.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
06 Mar 2024
Close
11 Mar 2024
Allotment
12 Mar 2024
Listing
14 Mar 2024
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