Looking to invest in the Shree Karni Fabcom IPO? or wondering whether Shree Karni Fabcom IPO investing is profitable or not? or want to know about the procedure for investing in the Shree Karni Fabcom IPO? Then you are on the right website—the right guide is here! Shree Karni’s Fabcom IPO investing is the topic of the day. So, read this article completely to be an informed Shree Karni Fabcom IPO investor and stay happy!
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So, what’s the deal?
Shree Karni Fabcom Ltd. is an Indian-based company that manufactures various kinds of technical textiles, such as reinforcements, overlays, and interlinings, which are used in a wide range of products like footwear, luggage, leather goods, apparel, sports goods, and automotive. This company recently floated its IPO on the NSE SME platform, which means they are now raising fresh funds by selling fresh shares to the public. The IPO opened on March 6, 2024, and closed on March 11, 2024.
Key details to remember: Shree Karni Fabcom IPO
- Offer Size: They’re aiming to raise ₹42.49 crore by issuing new shares.
- Price Band: Each share was offered within a price range of ₹220 to ₹227.
- Minimum Investment: You need to buy at least 600 shares, which translates to roughly ₹136,200 at the upper end of the price band.
- Listing Exchange: Keep an eye on the NSE SME platform, as that’s where the shares are expected to be listed sometime around March 14th, 2024 (a tentative date).
What’s Happening Now (as of March 6, 2024):
The subscription period for the plan is currently closed, and we are awaiting the allotment of shares. The allotment is expected to take place on March 12, 2024. After the shares are allotted, you will be able to determine the listing date. The listing date is currently March 14, 2024, but this is only an estimate.
Going a Little Deeper (Optional but helpful):
Company and business:
Shree Karni Fabcom has been around for a while, and they cater to a wide range of clients in various industries. They create technical textiles that are then used for things like luggage, shoes, clothing, and even in the medical field. They want to go public to generate extra funds to expand.
Financials and the GMP:
We will not go into the financials in great detail, as that’s not what we do here, but it’s important to know that the health of the company you are investing in is very relevant. You’ll be able to find more of that information in the official IPO documents, too. A quick mention of the Grey Market Premium (GMP) is important. This is an unofficial estimation of the share price after listing (and I do mean UN-official), but it is still worth taking note of. Note, though, that not all the GMP estimations prove to be right so please don’t invest in GMP 😊
Disclaimer and the Final Word:
Once again, I have to add that I am not a financial adviser and that this is for educational purposes only. You must research everything you want to invest in and even find a professional you trust.
Now you know what is necessary to make a good judgment call on the Shree Karni Fabcom IPO! We encourage you to do your research and list out the pros and cons of investing in Shree Karni Fabcom Limited. After, ask yourself if Shree Karni Fabcom Limited stock investment is the best fit for you. Keep the company’s upcoming IPO date on your calendar, so you can track the stock’s performance and decide if this is an investment you’d like to make. If you decide not to invest in the Shree Karni Fabcom IPO, that’s alright. There are plenty of other good investment opportunities on the horizon.
