Shree Karni Fabcom Limited

About the company

## **About  Shree Karni Fabcom Limited** Incorporated in 2018,Shree Karni Fabcom Limited are engaged in the manufacturing of technical textiles tailored for diverse industries such as luggage, medical arch support, chairs, shoes, and apparels. Our production process begins with yarn procurement and encompasses weaving, coating, printing, and finishing, resulting in knitted and woven fabrics crafted to meet our clients' customised specifications. Specialising in Woven Fabrics, Knitted Fabrics, Coated Fabrics, and 100% polyester, we source yarn, resin, acrylic, and coating chemicals to produce specialised technical textiles.  The Company specialised in converting yarn into fabric through knitting of fabrics. They outsource weaving, coating, sizing and embossing of specialized technical textile to their Subsidiary, IGK Technical Textile LLP. The product applications span a wide spectrum, including luggage, roofing, agriculture net, vehicle covers, tents, armed forces fabric, sports kits, chairs, medical arch support, umbrellas, and raincoats. The manufacturing unit is equipped with automated machines for manufacturing of specialised technical textile with installed capacity of 70,000 metres per day for weaving, 90,000 kilos per month for knitting, 50,000 meters per day for poly acrylic and polyurethane coating, 15,000 metres per day for PVC / 8,000 metres per day for EVA lamination and 40,000 metres per day heat embossing. We market and sell under our brand ‘SKFL’. they propose to utilise a portion of the Net Proceeds of this Issue towards setting up of dyeing facility and forward integration for manufacturing of bags at land already purchased in very close vicinity to our existing manufacturing set up. They have an experienced and professional management team with strong management, execution capabilities and considerable experience in this industry. The team comprises personnel having technical, operational and business development experience. We have employed suitable technical and support staff to manage key areas of activities allied to operations. Their team is well qualified and experienced in the textile industry and has been responsible for the growth of their operations. They believe the stability of their management team and the industry experience brought in coupled with their strong repute, will enable us to continue to take advantage of future market opportunities and expand into new markets. As Shree Karni Fabcom Limited prepares for its forthcoming IPO, it stands as a beacon of excellence in the natural resource processing industry. With a diversified product portfolio, a focus on sustainability, and a strategic vision for the future, the company is poised for continued growth and success, promising investors a compelling opportunity to partake in their journey towards a greener, more sustainable future. 1. Funding the capital expenditure setting up a dyeing unit in Navsari District, Surat, Gujarat; 1. Funding the purchase of new machinery proposed to be installed at the new unit proposed to be set up for manufacturing bags in Palsana, Surat, Gujarat, with an intent to expand the product portfolio; 1. Funding working capital requirements of the company; and 1. General Corporate Purposes. Here are key details about the Shree Karni Fabcom Limited IPO: Company Name| **Shree Karni Fabcom Limited Limited**|  | Shree Karni Fabcom Limited IPO Opening Date| **March 6, 2024** ---|---|---|---|--- Company Established On|**2018**Shree Karni Fabcom Limited IPO Price band|**₹220 to ₹227 per share**

Financial performance (₹ Cr)

IPO Roadmap / Timeline

1. IPO Opens

   Completed
   06 Mar 2024

   Bidding starts for all investor categories

2. IPO Closes

   Completed
   11 Mar 2024

   Last day to place your bid

3. Basis of Allotment

   Completed
   08 Mar 2024

   Share allotment finalised

4. Refund Initiation

   Completed
   13 Mar 2024

   Refunds credited for non-allottees

5. Credit to Demat

   Completed
   12 Mar 2024

   Allotted shares credited to demat account

6. Listing on Exchange

   Completed
   14 Mar 2024

   Shares list on NSE / BSE

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