Karnika Industries Limited IPO

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.

 

Company Financials

Karnika Industries IPO Financial Information (Restated)
Period Ended31 Mar 202131 Mar 202231 Mar 2023
Assets3,055.875,921.4210,071.04
Revenue4,779.319,892.5212,605.62
Profit After Tax81.61454.01826.74
Net Worth378.141,860.881,806.83
Reserves and Surplus  896.80
Total Borrowing1,570.942,224.135,245.53
Amount in ₹ Lakhs

Objects of the Issue (Karnika Industries IPO Objectives)

The company intends to utilize the net proceeds from the issue towards the funding of the following objects:

  1. To Meet Working Capital Requirement.
  2. General Corporate Purpose.
  3. To Meet the Issue Expenses.

Karnika Industries IPO Timeline (Tentative Schedule)

Karnika Industries IPO opens on September 29, 2023, and closes on October 5, 2023.

IPO Open DateFriday, September 29, 2023
IPO Close DateThursday, October 5, 2023
Basis of AllotmentTuesday, October 10, 2023
Initiation of RefundsWednesday, October 11, 2023
Credit of Shares to DematThursday, October 12, 2023
Listing DateFriday, October 13, 2023
Cut-off time for UPI mandate confirmation5 PM on October 5, 2023

SHARIAH SCREENING for - Karnika Industries Limited IPO

BUSINESS SCREEN

FINANCIAL RATIOS

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