Karnimata Cold Storage Share Price

Karnimata Cold Storage Limited was incorporated as a Private Limited Company on 29 April, 2011 and was converted into a Public Limited Company dated 4th December, 2012. The Company has engaged in cold storage business and began the commercial operations for cold storages of agricultural produce i.e. potatoes in March 2012. In FY 201314, the capacity was increased by 7,500 M.T. The Company raised funds of Rs 3.04 crores, which comprised a fresh issue of 15,18,000 equity shares of Rs 10 each through IPO on March 3, 2014.Cold storage units provide storage facility to agricultural products on rental basis and Company providing storage facility of Potatoes. Hence the main revenue of the Company depends on potato growing, especially in the Paschim Medinipur area and adjacent areas of Paschim Medinipur, West Bengal i.e. the prime areas of potato harvesting. The existing cold chain in India largely comprised comparatively small private companies with a regional or local footprint.As cold storage industry related to agro products there are several risks associated with. Failure of potato crop in West Bengal State and specifically in and around Paschim Medinipur location, variation in potato prices in West Bengal and technical failures of key utility infrastructure such as power, water, machinery, uncertain climatic condition etc. And also in West Bengal the rent chargeable by the Company to the farmers and traders is set and controlled by the State Government.The Company has focused from increasing production to better cold storage and transportation of food produce in 2025.