Shree Karni Fabcom IPO Date, Price, GMP, Review, Details
Shree Karni Fabcom IPO: IPO is performing well in the gray market. Even before opening, investors can make a profit of 143%. In this article we will know in detail about Shree Karni Fabcom IPO GMP, price band, Lot Size, allotment Listing etc.
Shree Karni Fabcom IPO
If you too were thinking of investing money in an IPO, then this is useful news for you. From tomorrow another company is coming with its IPO. Its name is Shree Karni Fabcom limited. Shree Karni Fabcom IPO will open for subscription on March 6, 2024 and will close on March 11, 2024. Shree Karni Fabcom IPO is a book built issue of Rs 42.49 crore. This issue is a fresh issue of entirely 18.72 lakh shares.
Price Band and Lot Size
The face value of Shree Karni Fabcom shares is ₹10 per share. The price band of Shree Karni Fabcom IPO has been fixed at Rs 220 to Rs 227 per share. The lot size of Shree Karni Fabcom IPO is 600 shares and investors can bid in multiples thereof. Retail investors will have to invest at least Rs 136,200 in this IPO. The minimum lot size investment for HNIs is two lots, amounting to Rs 272,400.
Shree Karni Fabcom IPO Allotment
The allotment for the Shree Karni Fabcom IPO is expected to be finalized on Tuesday, March 12, 2024. Horizon Management Pvt Ltd. Shree Karni is the book running lead manager of the Fabcom IPO, while Maas Services Ltd. is the registrar to the issue. Shri Karni is the market maker for Fabcom IPO MLB Stock Broking. Shree Karni Fabcom IPO has raised Rs 12.09 crore from anchor investors.
Shree Karni Fabcom IPO Listing
The listing of Shree Karni Fabcom IPO is scheduled for Thursday, March 14, 2024. Shree Karni Fabcom IPO will be listed on NSE SME. Shree Karni Fabcom IPO is an SME IPO.
Company promoter
Manoj Kumar Karnani, Radhe Shyam Daga, Rajeev Lakhotia and Rajkumar Aggarwal are the promoters of the company. Promoters currently hold 96.16% stake in the company. After IPO it will reduce to 70.07%. In the IPO, 50% share has been reserved for qualified institutional buyers, 35% for retail investors and 15% for non-institutional investors.
Shree Karni Fabcom IPO GMP
According to the report of Investor Gain, the company’s IPO is trading today in the gray market at a premium of ₹ 325, which is higher than the issue price. According to the report of Gray Market Premium, the company can be listed at Rs 552, which means investors can make a profit of 143% on the very first day.
About Shree Karni Fabcom Limited
Shree Karni Fabcom Limited was established in March 2018. Shree Karni Fabcom Limited is customized for industries like medical, arch support, chairs, footwear and apparel. And manufactures woven garments. Their production process starts with the procurement of yarn and includes weaving, coating, printing and finishing. The resulting knitted and woven fabrics are tailored to meet the customized specifications of their customers. Specializing in woven fabrics, coated fabrics and 100% polyester, they source yarns, dyes, acrylics and coating chemicals to produce specialty technical textiles.
Disclaimer
The information provided on somu max does not constitute investment advice. Before investing in the share market, definitely consult a financial advisor.
