Karnika Industries Limited

About the company

## **About the Karnika Industries Limited IPO :** Incorporated in 2017, Karnika Industries Limited is a manufacturer, job work provider, trader, and exporter of garments, primarily focusing on children's wear such as shorts, joggers, tees, rompers, and more. They have well-established manufacturing units equipped with modern machines and tools for designing, sample preparation, quality inspection, ironing, and packing. Their experienced team operates the machinery, allowing them to handle bulk orders and meet delivery schedules efficiently. The company places a strong emphasis on high-quality fabrics and garments, maintaining long-term relationships with clients. Their technical team uses modern technology and processing techniques to ensure quality output. They market their products under the "KARNIKA" brand, with various sub-categories. KARNIKA has a reputable client base, including Commission Agents and retail sectors. They are known for their professionalism and rapid growth in the market. The company's business process involves using yarn and fabrics during manufacturing and offering fabric alternatives to customers for their collections. They continuously strive to improve processes and maintain quality to increase customer satisfaction and build a positive brand image. Karnika also organises trade shows and exhibitions to enhance brand visibility and create networking opportunities. In addition to manufacturing, Karnika has successfully organised fashion shows, showcasing unique collections and themes. Their marketing strategy focuses on understanding market trends and consumer preferences to manufacture high-quality, comfortable garments. They also identify gaps in the garment market and introduce distinctive products. Now, Karnika Industries Limited is coming out with its initial public offer (IPO). The Net Proceeds from the Fresh Issue will be utilised towards the following objects: 1. To Meet Working Capital Requirement 2. General Corporate Purpose 3. To Meet the Issue Expenses ## **Here are key details about the Karnika Industries Limited IPO :** Company Name| Karnika Industries Limited  |  | Company Type| Private ---|---|---|---|--- IPO Type|SME|

Financial performance (₹ Cr)

IPO Roadmap / Timeline

1. IPO Opens

   Completed
   29 Sept 2023

   Bidding starts for all investor categories

2. IPO Closes

   Completed
   05 Oct 2023

   Last day to place your bid

3. Basis of Allotment

   Completed
   01 Oct 2023

   Share allotment finalised

4. Refund Initiation

   Completed
   11 Oct 2023

   Refunds credited for non-allottees

5. Credit to Demat

   Completed
   10 Oct 2023

   Allotted shares credited to demat account

6. Listing on Exchange

   Completed
   13 Oct 2023

   Shares list on NSE / BSE

Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.