
Emerging SME Services · NSE
Shree Karni Fancom Limited, founded in March 2018, is a distinguished manufacturer specializing in customized knitted and woven fabrics for industries such as luggage, medical arch support, chairs, shoes, and apparel. With expertise in technical textiles, the company produces high-quality woven, knitted, coated, and 100% polyester fabrics, sourcing premium raw materials to ensure superior product standards. Its advanced manufacturing unit features highly automated machinery, enabling impressive production capacities, including 70,000 meters of weaving per day, 90,000 kilos of knitting per month, and 50,000 meters of coating per day, among others. Recognized for its stringent quality management, Shree Karni Fancom holds an ISO 9001:2015 certification from INTERTEK, affirming its commitment to excellence. Serving a widespread clientele across 13 states, including contract manufacturers of branded luggage and shoe manufacturers, the company continues to strengthen its market presence. With a dedicated workforce of 39 employees as of November 30, 2023, Shree Karni Fancom Limited remains committed to innovation and growth in the specialized technical textiles industry.
Price Band
₹220 – ₹227
Issue Size
₹42.49 Cr
Lot Size
600 shares
GMP
+13.2%
Est. Listing
₹257
at current GMP
Subscribed
295.84x
overall
Open
6 Mar 2024
Close
11 Mar 2024
Allotment
12 Mar 2024
Refund
13 Mar 2024
Demat Credit
14 Mar 2024
Listing
14 Mar 2024
Designated Registrar: Mas Services Limited
Allotment Date
12 Mar 2024
Basis finalization
Refunds Initiate
13 Mar 2024
Mandate release
Demat Credit
14 Mar 2024
Shares in demat
Listing Debut
14 Mar 2024
Trading begins
Shree Karni Fabcom Limited is bringing an initial public offering (IPO) in the Emerging SME Services sector with an aggregate issue size of ₹42.49 Crores. The shares are offered at a price band of ₹220 to ₹227 per equity share on NSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 600 shares (approx. ₹1,36,200 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Mas Services Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2024-03-14, while un-allotted funds or UPI block mandates will be released on 2024-03-13.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.