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What is the business of Shree Karni Fabcom?

Shree Karni Fabcom is engaged in the manufacturing of technical textiles tailored for diverse industries such as luggage, medical arch support, chairs, shoes, and apparels. Our production process begins with yarn procurement and encompasses weaving, coating, printing, and finishing, resulting in knitted and woven fabrics crafted to meet the clients’ customized specifications. Specializing in Woven Fabrics, Knitted Fabrics, Coated Fabrics, and 100% polyester, it sources yarn, resin, acrylic, and coating chemicals to produce specialized technical textiles. The Company specialised in converting yarn into fabric through knitting of fabrics. It outsources weaving, coating, sizing and embossing of specialized technical textile to our Subsidiary, IGK Technical Textile LLP.
Its product applications span a wide spectrum, including luggage, roofing, agriculture net, vehicle covers, tents, armed forces fabric, sports kits, chairs, medical arch support, umbrellas, and raincoats. Our manufacturing unit is equipped with ultra-modern highly automated machines for manufacturing of specialized technical textile with installed capacity of 70,000 meters per day for weaving, 90,000 kilos per month for knitting, 50,000 meters per day for poly acrylic and polyurethane coating, 15,000 meters per day for PVC / 8,000 meters per day for EVA lamination and 40,000 meters per day heat embossing. It markets and sells under its brand ‘SKFL’.

Get more information about the company @ http://www.skflindia.com/

What are the Objects of Shree Karni Fabcom IPO?

The Offer comprises only of a Fresh Issue of Equity shares.

The Company proposes to utilize the Net Proceeds from the Issue towards the following objects:

1. Funding the capital expenditure setting up a dyeing unit in Navsari District, Surat, Gujarat;

2. Funding the purchase of new machinery proposed to be installed at the new unit proposed to be set up for manufacturing bags in Palsana, Surat, Gujarat, with an intent to expand the product portfolio;

3. Funding working capital requirements of the company; and

4. General Corporate Purposes.

Shree Karni Fabcom IPO To the point Guidance
Shree Karni Fabcom is engaged in the manufacturing of technical textiles tailored for diverse industries such as luggage, medical arch support, chairs, shoes, and apparels. Our production process begins with yarn procurement and encompasses weaving, coating, printing, and finishing, resulting in knitted and woven fabrics crafted to meet the clients’ customized specifications. Specializing in Woven Fabrics, Knitted Fabrics, Coated Fabrics, and 100% polyester, it sources yarn, resin, acrylic, and coating chemicals to produce specialized technical textiles. Being a technical textile company, the IPO may fetch some fancy.
Size:  The net size of the IPO is Rs. 40.37 Cr comprising of 1778400 shares. Considering the recent IPO trends and hunger of the investors, the IPO is not very large, and it can get oversubscribed without any problem. With just 1037 applications, the retail portion will get oversubscribed one time. The HNI portion is just Rs. 6.06 Cr, so huge oversubscription possible.
Financial Snapshot: The total income has shot up to Rs. 39.73 cr and net profit has moved up sharply to Rs. 5.55 in the year 2022-23, a year prior to the IPO, compared to net profit of Rs. 1.15 Cr in the year 2020-21. Such sharp rise in the profits raise eybrows. If the company is able to maintain this level of profitability, then IPO is reasonably priced.

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Shree Karni Fabcom IPO GMP Detail IPO GMP today details?

Shree Karni Fabcom IPO

Shree Karni Fabcom IPO FAQs

What is Shree Karni Fabcom IPO?
Owais Metal IPO is a SME IPO of 3360000 equity shares of the face value of Rs. 10 aggregating up to Rs.28.22 Crores. The issue is priced at Rs.80-84 per share. The minimum order quantity is 1600 Shares.

When will Shree Karni Fabcom IPO open?
Owais Metal IPO opens on February ?, 2024, and closes on February ?, 2024.

What is the lot size of Shree Karni Fabcom IPO?
Owais Metal IPO lot size is 1600 Shares, and the minimum amount required is Rs.134400.

How to apply for Shree Karni Fabcom IPO?
You can apply in Owais Metal IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

When is Shree Karni Fabcom IPO allotment?
The finalization of Basis of Allotment for Owais Metal IPO will be done on February ?, 2024, and the allotted shares will be credited to your demat account by February ?, 2024.

When is Shree Karni Fabcom IPO listing date?
Owais Metal IPO listing date is not yet announced. The tentative date of Owais Metal IPO listing is February ?, 2024.