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Karnika Industries Ltd

Registered Office : 6&6/1 Gurgola Ghat Road P O,Salkia Howrah,Howrah West Bengal 711106 Phone : 033-26558101
Fax :

Email : info@karnikaindustries.com

Website : www.karnikaindustries.com

Initial public issue of 32,99,200 equity shares of Rs. 10/- each ("Equity Shares") of Karnika Industries Limited ("Karnika" or the "Company" or the "Issuer") for cash at a price of Rs. 76/- per equity share including a share premium of Rs. 66/- per equity share (the "Issue Price"), aggregating to Rs. 25.07 crores ("The Issue"), of which 1,66,400 equity shares of Rs. 10/- each for cash at a price of Rs. 76/- per equity share including a share premium of Rs. 66/- per equity share aggregating to Rs. 1.26 crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less market maker reservation portion i.e. issue of 31,32,800 equity shares of Rs. 10/- each including a share premium of Rs. 66/- per equity share aggregating to Rs. 23.81 crores is hereinafter referred to as the "Net Issue". The issue and the net issue will constitute 26.61% and 25.27%, respectively of the post issue paid up equity share capital of the company. The face value of the equity share is Rs. 10/- and the issue price is Rs. 76/- the issue price is 7.60 times of the face value.

Issue

Opens On

Closes On

29-Sep-2023

05-Oct-2023

Money Payable On

Application

Allotment

76.00

0.00

Minimum Application for shares in Nos : 1600.0 Further Multiples of : 1600.0

₹Cr

Lead Managers to the Issue

Project Cost (₹.Cr)

Project Financed through Current Offer (₹.Cr)

Post Issue Equity Share Capital (₹.Cr)

Issue Price (₹.Cr)

23.37

25.07

12.40

76.00

Beeline Capital Advisors Pvt Ltd

Projects

To meet working capital requirement

General corporate purposes

Promoted By

Niranjan Mundhra

Shiv Shankar Mundhra

Mahesh Kumar Mundhra

Listing At

NSE - SME

Registrar to the Issue

Skyline Financial Services Pvt