Shree Karni Fabcom IPO Closes Today: Check Subscription Status, GMP Today – News18

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Shree Karni Fabcom IPO Closes Today: Check Subscription Status, GMP Today – News18


Shree Karni Fabcom IPO: Check Allotment Status, GMP Today.

Unlisted shares of Shree Karni Fabcom Ltd are buying and selling Rs 255 larger within the gray market, anticipating a 112.33 per cent itemizing acquire from the general public subject

Shree Karni Fabcom IPO: The preliminary public providing of Shree Karni Fabcom Ltd, which goes to be closed on Monday, March 11, has obtained a blockbuster response from traders. Till 3:30 pm on the ultimate day of bidding on Monday, the Rs 42.49-crore SME IPO has obtained a whopping 266.22 occasions subscription garnering bids for 33,16,08,600 shares as in opposition to 12,45,600 shares on supply.

The Shree Karni Fabcom IPO was opened for public subscription on March 6. The worth band has been mounted at Rs 220-227 apiece.

The retail quota has obtained 304.13 occasions subscription, whereas the non-institutional investor (NII) class has been subscribed 392.10 occasions. The QIB class obtained 105.41 occasions subscription.

The allotment of the Shree Karni Fabcom IPO will happen on March 12, whereas its itemizing will happen on the NSE SME on March 14, 2024.

Shree Karni Fabcom IPO GMP Today

According to market observers, unlisted shares of Shree Karni Fabcom Ltd are buying and selling Rs 255 larger within the gray market as in contrast with its subject worth. The Rs 255 gray market premium or GMP means the gray market is anticipating a 112.33 per cent itemizing acquire from the general public subject. The GMP is predicated on market sentiments and retains altering.

‘Grey market premium’ signifies traders’ readiness to pay greater than the difficulty worth.

Shree Karni Fabcom IPO Details

The Shree Karni Fabcom IPO is totally a recent subject of 18.72 lakh shares. The minimal lot dimension for an software is 600 shares.

The minimal quantity of funding required by retail traders is Rs 1,36,200. The minimal lot dimension funding for a excessive networth particular person (HNI) is 2 tons (1,200 shares) amounting to Rs 2,72,400.

Horizon Management Private Limited is the ebook-working lead supervisor of the Shree Karni Fabcom IPO, whereas Mas Services Limited is the registrar for the difficulty. The market maker for Shree Karni Fabcom IPO is MLB Stock Broking.

Shree Karni Fancom Limited, which was included in March 2018, produces customised knitted and woven materials for industries equivalent to baggage, medical arch assist, chairs, footwear, and attire. They concentrate on Woven Fabrics, Knitted Fabrics, Coated Fabrics, and 100% polyester, and supply yarn, resin, acrylic, and coating chemical compounds to supply specialised technical textiles.

Its income throughout the monetary 12 months 2022-23 jumped 51.87% and revenue after tax (PAT) rose 7.85%.



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