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Incorporated in 1991, Mumbai based SK International Export Limited is a manufacturer and exporter of beachwear and scarves. The company has both domestic and international presence (mainly in European countries such as the UK, US, Netherlands, Germany, Spain, and France). The product range of SK International includes headband, sarongs, shawls, scarves, bandanas and beachwear garments (of polyester, viscose, silk, wool and other qualities) for men and women.
Under Sand Kastle brand name, the company offers fashion accessories, holiday and beachwear wear garments for kids segment as well. The raw material for manufacturing garments with a variety of trims and fabrics is sourced from all over India. The company has its own design team to bring new finishes, fits and styles. Other production facilities such as finishing, ironing, cutting, packing, sewing and quality control are also maintained by the company itself.
Most of the products of the company are manufactured in an in-house factory located at Virar (Palghar). The company works on make to order basis for fashion forecast from big brands in domestic and international markets.
Apart from this, the company also offers ethnic wears such as salwar kameez & dupattas for the domestic markets.
The competitive strengths of the company are:
1. Quality focused products
2. Strong relationships with customers and suppliers
3. Customer focused business model
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Jan-19 | 12-Sep-18 | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | ||
| Total Assets | 677.81 | 645.19 | 614.59 | 442.57 | 444.50 | |
| Total Revenue | 379.49 | 422.24 | 844.24 | 805.87 | 888.28 | |
| Profit After Tax | 17.52 | 21.48 | 153.01 | 33.82 | 10.58 | |
The Objects of the Issue are:
A. To meet the working capital requirements of the company
B. General Corporate Purposes
C. To meet the Issue Expenses
| IPO Date | Jun 28, 2019 to Jul 5, 2019 |
| Listing Date | Monday, July 15, 2019 |
| Face Value | ₹10 per share |
| Price | ₹20 per share |
| Lot Size | 6000 Shares |
| Issue Size | 1,980,000 shares of ₹10 (aggregating up to ₹3.96 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Company Promoters | Mr. Shrawankumar P. Sadh and Mr. Hitesh Shrawankumar Sadh are the promoters of the company. |
The SK International IPO lot size is 6000 shares. A retail-individual investor can apply for up to 1 lots (6000 shares or ₹120,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 6000 | ₹120,000 |
| Retail (Max) | 1 | 6000 | ₹120,000 |
| Pre Issue Share Holding | 95.33% |
| Post Issue Share Holding | 69.59% |
Currently, the textile segment is not fancied by investors. The issue is priced aggressively. SKIEL has shown average financial performance so far. There is no harm in giving this issue a miss.
Read detail review...The SK International IPO is subscribed 1.26 times on Jul 5, 2019 6:49:03 PM. The public issue subscribed 0.54 times in the retail category, times in the QIB category, and 1.97 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| NII | 1.97 |
| Retail | 0.54 |
| Total | 1.26 |
| Listing Date | Monday, July 15, 2019 |
| BSE Script Code | 542728 |
| NSE Symbol | |
| Listing In | MT Group of Securities |
| ISIN | INE04ST01013 |
| IPO Price | ₹20 per share |
| Face Value | ₹10 per share |
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SK International Export Limited
78, Ground, A2, Shah & Nahar Industrial Estate,
Sitaram Jadhav Marg, Lower Parel,
Mumbai - 400013, Maharashtra India
Phone: +91 022 6660 6450
Email: info@skinternational.in
Website: http://skinternational.in/
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://karisma.kfintech.com/
Are you an SME company looking for an IPO to raise funds and get listed in the stock market? We can help. Contact us today... SME IPO Enquiry Form
SK International IPO is a SME IPO of 1,980,000 equity shares of the face value of ₹10 aggregating up to ₹3.96 Crores. The issue is priced at ₹20 per share. The minimum order quantity is 6000 Shares.
The IPO opens on Jun 28, 2019, and closes on Jul 5, 2019.
KFin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The SK International IPO opens on Jun 28, 2019 and closes on Jul 5, 2019.
SK International IPO lot size is 6000 Shares and the minimum order quantity is .
You can apply in SK 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 SK International IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the SK International IPO allotment status.
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