Shree Karni Fabcom Ltd Share Price

(SHREEKARNI)

Shree Karni Fabcom Ltd was originally formed as a Limited Liability Partnership under the name Shree Karni Fabcom LLP dated March 7 2018 issued by the Registrar of Companies Gujarat at Ahmedabad. Subsequently Shree Karni Fabcom LLP got converted into a Private Company under the name Shree Karni Fabcom Private Limited and a Certificate of Incorporation dated April 11 2023 was issued by the Registrar of Companies Central Registration Centre. Then again Company converted into a Public Company and the name of Company was changed to Shree Karni Fabcom Limited. A fresh Certificate of Incorporation dated October 20 2023 was issued by the Registrar of Companies Gujarat at Ahmedabad.Led by the founder Promoters the Company evolved from trading specialized technical textiles to establishing an ultramodernmanufacturing facility. Prior to the incorporation of Company the Promoters were engaged in the business of trading of specialized technical textile used in luggage industry. In year 2018 they incorporated Shree Karni Fabcom LLP and in year 2020 the Company expanded its product by setting up an ultramodern highly automated manufacturing facility to manufacture specialized technical textile. Thereafter it acquired 66.67 stake in IGK Technical Textile LLP w.e.f. October 31 2023 engaged in weaving coating sizing and embossing of specialized technical textile. Shree Karni Fabcom are engaged in the business of manufacturing of Technical Textile for the luggage medical arch support chairs shoes and apparels industry. The Company specialize in Woven Fabrics Knitted Fabrics Coated Fabrics 100 polyester and recycledpolyester fabric. It procure yarn resin acrylic and coating chemicals to manufacture specialized technical textile and sell them to various luggage medical arch support chairs shoes and apparels manufacturers and other textile intermediaries. The fabric manufactured by them has diverse applications for luggage roofing agriculture net vehicle covers tents armed forces fabric sportskits chairs medical arch support umbrella and rain coats amongst others. The manufacturing unit with ultramodern automated machines for manufacturing of technical textile with capacity installed 70000 meters per day for weaving 90000 kilos per month for knitting 50000 meters per day for poly acrylic and polyurethane coating 15000 meters per day for PVC / 8000 meters per day for EVA lamination and 40000 meters per day heat embossing are marketed under brand SKFL. The Company propose 1875000 fresh issue equity shares by way of Initial Offer..

Listing date: 14 Mar, 2024