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Karnika Industries Ltd
Registered Office:
6&6/1 Gurgola Ghat Road P O,Salkia Howrah, Howrah - 711106, West Bengal, India.
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-23 05-Oct-23
Money Payable On
Application Allotment
76.00 0.00
Minimum Application for shares in Nos : 1600  Further Multiples of : 1600
()(Cr.) Lead Managers to the Issue
Project Cost () 23.37 Beeline Capital Advisors Pvt Ltd
Project Financed through Current Offer () 25.07  
Post Issue Equity Share Capital () 12.40  
Issue Price () 76.00  
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