IPO Details

Karnika Industries Ltd
Registered Office: 6&6/1 Gurgola Ghat Road P O, Salkia Howrah, Howrah - 711106, West Bengal
Phone: 033-26558101
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		Money Payable On
Opens On	Closes On	Application	Allotment
29-Sep-2023	05-Oct-2023	₹ 76.00	₹ 0.00

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