Shree Karni Fabcom IPO: This IPO is making waves in the gray market, know complete details including GMP price.
Shree Karni Fabcom IPO: Dive into the buzz about the Fabcom IPO! The gray market is buzzing with excitement, offering investors potential 143% gains even before the official launch. GMP, Price Bands, Lot Sizes, Allocations, and Listings Get all the details in this must-read article!
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Shree Karni Fabcom IPO
“Calling all investors! Exciting news for those eyeing IPO opportunities – Shree Karni Fabcom Limited has launched its IPO, which will provide an opportunity to bring in fresh investments. Subscription will open on March 6, 2024, and will end on 11 will close on March 2024, with a book-built issue of Rs 42.49 crore, consisting of 18.72 lakh shares. Don’t miss your chance in this promising venture!”
Price Band and Lot Size
The face value of shares of Shree Karni Fabcom is Rs 10 per share. Shree Karni has set the price band for Fabcom’s IPO between Rs 220 and Rs 227 per share. The lot size of the Shree Karni Fabcom IPO is 600 shares and investors can bid in multiples of it. Retail investors will have to invest at least Rs 136,200 in this IPO. The minimum lot investment for HNIs is two lots, worth Rs 272,400.
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Shree Karni Fabcom IPO Allotment
The allotment for the IPO of Shree Karni Fabcom is expected to close on Tuesday, March 12, 2024. Horizon Management Private Limited. Mr Karni is the lead book manager for Fabcom’s IPO, while Mass Services Ltd is the recorder of the issue. , Mr. Karni is the market maker for Fabcom IPO MLB Stock Broking. Shree Karni Fabcom’s IPO has raised Rs 12.09 crore from investors.
Shree Karni Fabcom IPO Listing
Mark your calendars! Shree Karni Fabcom IPO is making its grand debut exclusively on NSE SME on Thursday, March 14, 2024. Witness the rise of this unique SME IPO that is set to impress investors with a stellar performance on its listing day. Shaping the future of opportunities!
Company promoter
Mr Karni Meet Manoj Kumar Karnani, Radhe Shyam Daga, Rajeev Lakhotia, and Rajkumar Aggarwal, the driving force behind Fabcom – the enthusiastic promoters with a current 96.16% stake. Post-IPO, their commitment remains strong at 70.07%. An inclusive opportunity awaits with 50% reserved for qualified institutional buyers, 35% for retail investors, and 15% for non-institutional investors.
Shree Karni Fabcom IPO GMP
Exciting news for potential investors! Investor Gain reports that Shree Karni Fabcom’s IPO is trading at a premium of ₹325 in the gray market, higher than the issue price. Anticipation is heightened as the gray market premium stands at ₹552 Suggesting possible listing at Rs, promising a remarkable 143% profit on the first day!
More About Shree Karni Fabcom Limited
Stepping onto the scene in March 2018, Shree Karni Fabcom Ltd stands out as a one-stop solution for various industries ranging from medical to fashion. Specializing in woven and coated fabrics as well as 100% polyester, their meticulous production The journey includes yarn sourcing, weaving, coating, printing, and finishing. With a commitment to tailored excellence, they source high-quality materials to craft exclusive technical textiles, ensuring each product meets their Meets the unique specifications of valued customers.
Disclaimer
The information given on News 24/7 does not constitute any investment advice. Before investing in the share market, consult a financial advisor.
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