Karnika Industries Limited
IPO Details
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Lot Distribution
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Company Fin.
₹3(3.95%)
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Karnika Industries Limited's successfully transitioned to public market status with its listing on NSE on Oct 12, 2023. The IPO mobilized 32,99,200 Shares in cumulative capital, including 32,99,200 Shares for corporate expansion.
The public offering was conducted within the price parameters of ₹76 to ₹76, with minimum investment lots of 1600 shares. subscription activity between Sep 29, 2023 and Oct 05, 2023 demonstrated market reception to the company's valuation and growth narrative.
The allotment process concluded on Oct 09, 2023, finalizing share distribution to successful bidders. The listing represents a transformational event, providing the company with enhanced market visibility, regulatory compliance framework, and access to diversified investor capital.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Incorporated in 2017, Karnika Industries Limited, formerly Karni International, manufactures and exports a wide range of kids' wear, including shorts, joggers, capris, tees, rompers, sleepsuits, pajamas, winter wear, and infant wear. The company operates well-equipped manufacturing units that handle designing, sample preparation, quality inspection, ironing, and packing, using modern hi-tech machines and tools. Its products are marketed under the brand "KARNIKA" and its sub-brands KARNIKA Care, KARNIKA Cool, KARNIKA Cube, KARNIKA Life, KARNIKA Key, and KARNIKA Club.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
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- Mr. Niranjan Mundhra
- Mr. Shiv Shankar Mundhra
- Mr. Mahesh Kumar Mundhr
Karnika Industries Limited
Skyline Financial Services Private Limited