Zerodha (Trading & Demat Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Zerodha (Trading & Demat Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
|
|
Scarnose International IPO is a fixed price issue of Rs 6.60 crores. The issue is entirely a fresh issue of 12 lakh shares.
Scarnose International IPO bidding started from June 14, 2022 and ended on June 17, 2022. The allotment for Scarnose International IPO was finalized on Wednesday, June 22, 2022. The shares got listed on BSE SME on June 27, 2022.
Scarnose International IPO price is ₹55 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹110,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹220,000.
Finshore Management Services Limited is the book running lead manager of the Scarnose International IPO, while Cameo Corporate Services Limited is the registrar for the issue.
Refer to Scarnose International IPO RHP for detailed information.
| IPO Date | June 14, 2022 to June 17, 2022 |
| Listing Date | June 27, 2022 |
| Face Value | ₹10 per share |
| Price | ₹55 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 1,200,000 shares (aggregating up to ₹6.60 Cr) |
| Fresh Issue | 1,200,000 shares (aggregating up to ₹6.60 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Market Maker portion | 60,000 shares |
Scarnose International IPO offers 1,200,000 shares. 570,000 (47.50%) to NII, 570,000 (47.50%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 60,000 (5.00%) |
| Other Shares Offered | 570,000 (47.50%) |
| Retail Shares Offered | 570,000 (47.50%) |
| Total Shares Offered | 1,200,000 (100%) |
Scarnose International IPO opens on June 14, 2022, and closes on June 17, 2022.
| IPO Open Date | Tuesday, June 14, 2022 |
| IPO Close Date | Friday, June 17, 2022 |
| Basis of Allotment | Wednesday, June 22, 2022 |
| Initiation of Refunds | Thursday, June 23, 2022 |
| Credit of Shares to Demat | Friday, June 24, 2022 |
| Listing Date | Monday, June 27, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 17, 2022 |
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹110,000 |
| Retail (Max) | 1 | 2000 | ₹110,000 |
| HNI (Min) | 2 | 4,000 | ₹220,000 |
| Lot Size Calculator | |||
Mr. Shah Vimalkumar Mishrilal and Mr. Hitesh Loonia are the company promoters.
| Share Holding Pre Issue | 99.99% |
| Share Holding Post Issue | 61.90% |
Incorporated in 2011, Scarnose International Limited manufactures and trades agricultural commodities such as cotton trading, garment manufacturing, yarn trading, and fabric trading. The company has a network of printing, weaving, and stitching units. Scarnose International procures cotton bales from different generous and offers the best quality cotton bales to the principal markets of India. Scarnose International Limited's product portfolio includes raw cotton, cotton bales, yarn and garments for ladies.
The company started manufacturing ladies' dress materials, particularly Kurtis, through an outsourcing model in the financial year 2021 and selling them under their domestic brand "Scarnose".
The company buys raw materials from a variety of suppliers, such as embroidered fabric accessories, fasteners, buttons, labels, laces, and other consumables, and then the manufacturing facility begins cutting, sewing, finishing and ironing them into finished products.
Competitive Strengths:
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus |
|---|---|---|---|---|---|
| 31-Mar-20 | 1204.91 | 1204.56 | 2.81 | 4.05 | 3.04 |
| 31-Mar-21 | 457.8 | 3255.72 | 22.51 | 190.55 | 148.55 |
| 31-Mar-22 | 1242.25 | 9593.02 | 33.42 | 339 | 143.98 |
| Amount in ₹ Lakhs | |||||
The market capitalization of Scarnose International IPO is Rs 17.33 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 51.89 |
The Objects of the Issue are:
[Dilip Davda] Though the company has reported a growing pattern for its top and bottom lines, its low margin raises concerns. Based on petty earnings, its IPO is priced greedily. A low post-IPO equity capital base indicates longer gestation for migration to the main board. There is no harm in ignoring this pricy issue. Read detail review...
The Scarnose International IPO is subscribed 2.22 times on June 17, 2022 7:53:00 PM. The public issue subscribed 2.34 times in the retail category, times in the QIB category, and 2.09 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 2.09 |
| Retail | 2.34 |
| Total | 2.22 |
| Listing Date | June 27, 2022 |
| BSE Script Code | 543537 |
| NSE Symbol | |
| ISIN | INE0IXR01019 |
| Final Issue Price | ₹55 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹55.00 |
| ₹55.50 |
| ₹55.50 |
| ₹56.65 |
| ₹56.05 |
Scarnose International Limited
503, Sun Square,
Nr Hotel Nest, Off C. G. Road,
Navrangpura, Ahmedabad - 380006,
Phone: 079 – 4897 5503
Email: compliance@scarnose.com
Website: https://scarnose.com/
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/
SME Company Owners
We could help you get listed on the stock market.
Check our SME IPO Guide 
Scarnose International IPO is a SME IPO of 1,200,000 equity shares of the face value of ₹10 aggregating up to ₹6.60 Crores. The issue is priced at ₹55 per share. The minimum order quantity is 2000 Shares.
The IPO opens on June 14, 2022, and closes on June 17, 2022.
Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Scarnose International IPO using UPI as a payment gateway. Zerodha customers can apply in Scarnose International IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Scarnose International IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Scarnose International IPO opens on June 14, 2022 and closes on June 17, 2022.
Scarnose International IPO lot size is 2000 Shares, and the minimum amount required is ₹110,000.
You can apply in Scarnose International IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Scarnose International IPO will be done on Wednesday, June 22, 2022, and the allotted shares will be credited to your demat account by Friday, June 24, 2022. Check the Scarnose International IPO allotment status.
Useful Articles
FREE Intraday Trading (Eq, F&O)
Flat ₹20 Per Trade in F&O
|
|
RHP
IPO Guru (2000+ Posts, 1000+ Likes)
IPO Mentor (800+ Posts, 300+ Likes)
Top Contributor (400+ Posts, 100+ Likes)
