Shree Karni Fabcom IPO allotment: Check status, listing date, GMP and other details
Shree Karni Fabcom will be finalised later today. On the allotment date, investors get to know about the number of shares allotted to them as against the bids made.
Investors can check the status of Shree Karni Fabcom IPO allotment by logging in to the official website of the registrar, which is Mas Services in this case.
Follow the step by step process mentioned below to check the status of allotment.
Step 1: Visit the IPO Allotment Status page on Mas Services website (https://www.masserv.com/asearch.asp)
Step 2: Select IPO from the dropdown
Step 3: Enter PAN number and 'Submit'.
Shree Karni Fabcom GMP
In the unlisted market, the company's shares are trading with a premium of Rs 300 in the unlisted market as against an offer price of Rs 227. The tentative listing date is set as March 14.
The IPO received overwhelming response from investors with an overall subscription of over 200 times at close.
The issue is entirely a fresh equity issue of 18.72 lakh shares and through the offer, the company aims to raise Rs 42 crore.
The net proceeds from the public offer will be used for funding capital expenditure towards setting up of a dyeing unit, purchase of new machinery, working capital requirements as well as general corporate purposes.
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The company is engaged in the business of manufacturing technical textile for the luggage, medical arch support, chairs, shoes and apparels industry. It specialises in woven fabrics, knitted
