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SKP Bearing Industries Limited IPO (SKP Bearing Industries IPO) Detail

Jun 30, 2022 - Jul 5, 2022
SKP Bearing Industries Limited manufactures needle rollers, cylindrical rollers, pins, and steel balls. The company supplies its products to diverse industries such as textiles, automobiles, etc. across India. The company also exports rolling elements to international customers in Brazil, Argentina, UAE, etc.
 
SKP Bearing Industries Limited has also ventured into the power generation business by installing a windmill in the year 2012-2013 at Survey No. 646, vill: Seth Vadala, Taluka: Jamjodhpur, Jamnagar Forest Division, Gujarat with a commissioned capacity of 0.80 MW.
 
The company also has a solar plant situated at Survey No. 25/M., Village Rojhana, Teh: Baroda, Dist.: Agar, Madhya Pradesh, and other windmills situated at Survey No. 143/2, Village: Jamuniameena, P.H.N.-52, Mandsaur, Madhya Pradesh, and Village Rautwadi, Tal. Koregaon, District Satara, Maharashtra with a commissioned capacity of 0.63MW, 1.5 MW and 0.80 MW respectively for the generation and sale of power and electricity to various customers.
 
Competitive Strengths:
  • One of the players in manufacturing of multiple rolling elements in India under single roof.
  • Quality Assurance and Quality Control of the products.
  • Wide and Stable customer base.
  • Experienced management and dedicated employee base.
  • Diversifying the product mix and increasing penetration in markets.
  • Cost effective production and timely fulfilment of orders.

Company Financials

SKP Bearing Industries Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet Worth
31-Mar-194358.364081.15992.643086.87
31-Mar-205448.73258.18812.473913.92
31-Mar-215281.073709.29745.64580.08
05-Jan-225078.663444.35940.414130.47
Amount in ₹ Lakhs

Objects of the Issue

The Company proposes to utilize the Net Proceeds from the Offer towards funding the following objects:

1. Funding working capital requirements.

2. General corporate purposes.

SKP Bearing Industries IPO Details

SKP Bearing Industries IPO Date Jun 30, 2022 to Jul 5, 2022
SKP Bearing Industries IPO Face Value ₹10 per share
SKP Bearing Industries IPO Price ₹70 per share
SKP Bearing Industries IPO Lot Size 2000 Shares
Issue Size4,400,000 shares of ₹10
(aggregating up to ₹30.80 Cr)
Fresh Issue1,600,000 shares of ₹10
(aggregating up to ₹11.20 Cr)
Offer for Sale2,800,000 shares of ₹10
(aggregating up to ₹19.60 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Retail Shares Offered50% of the net offer
NII (HNI) Shares Offered50% of the net offer
Company Promoters

Mr. Shrinand Kamlakar Palshikar and Ms. Sangita Shrinand Palshikar are the company promoters.

SKP Bearing Industries IPO Timeline (Tentative Timetable)

SKP Bearing Industries IPO opens on Jun 30, 2022, and closes on Jul 5, 2022. The SKP Bearing Industries IPO bid date is from Jun 30, 2022 10.00 A.M. to Jul 5, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.

Event Date
SKP Bearing Industries IPO Opening Date Jun 30, 2022
SKP Bearing Industries IPO Closing Date Jul 5, 2022
Basis of Allotment Jul 8, 2022
Initiation of Refunds Jul 11, 2022
Credit of Shares to Demat Jul 12, 2022
SKP Bearing Industries IPO Listing Date Jul 13, 2022

SKP Bearing Industries IPO Lot Size

The SKP Bearing Industries IPO lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹140,000).

Application Lots Shares Amount
Minimum 1 2000 ₹140,000
Maximum 1 2000 ₹140,000

SKP Bearing Industries IPO Promoter Holding

Pre Issue Share Holding 100%
Post Issue Share Holding 73.49%

SKP Bearing Industries IPO Review

SKP has posted mind-boggling results so far with attractive margins. But none of the peers enjoys such margins. Based on its current earnings, the issue is fully priced. The sustainability of present margins is a major concern. Risk seeker/cash surplus/well-informed investors may consider an investment with a long-term perspective. Read detail review...


SKP Bearing Industries IPO Subscription Status (Bidding Detail)

The SKP Bearing Industries IPO is subscribed 10.06 times on Jul 5, 2022 5:00:00 PM. The public issue subscribed 9.92 times in the retail category, times in the QIB category, and 10.20 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
NII10.20
Retail9.92
Total10.06

SKP Bearing Industries IPO Prospectus

SKP Bearing Industries IPO Rating

225
4.2
Rating:Rated 4.2 stars
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SKP Bearing Industries IPO Listing Date

Listing Date Wednesday, July 13, 2022
BSE Script Code
NSE Symbol SKP
Listing In ST Group of Securities
ISIN INE0KZA01016
IPO Price ₹70 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
NSE SME
IPO Price: ₹70.00
Open: ₹73.00
Low: ₹70.50
High: ₹74.50
Last Trade: ₹72.45

Company Contact Information

SKP Bearing Industries Limited
Survey No. 2127,
Mulchand Road, Wadhwan 363 030,
Surendranagar
Phone: +91 98242 31243
Email: info@skpbearings.com
Website: https://www.skpbearings.com/

SKP Bearing Industries IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

SKP Bearing Industries IPO Review

SKP Bearing Industries IPO Recommendation Summary

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Brokers 1 0 0
Members 7 1 0

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SKP Bearing Industries IPO FAQs

SKP Bearing Industries IPO is a SME IPO of 4,400,000 equity shares of the face value of ₹10 aggregating up to ₹30.80 Crores. The issue is priced at ₹70 per share. The minimum order quantity is 2000 Shares.

The IPO opens on Jun 30, 2022, and closes on Jul 5, 2022.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Zerodha customers can apply online in SKP Bearing Industries IPO using UPI as a payment gateway. Zerodha customers can apply in SKP Bearing Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in SKP Bearing Industries IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'SKP Bearing Industries IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The SKP Bearing Industries IPO opens on Jun 30, 2022 and closes on Jul 5, 2022.

SKP Bearing Industries IPO lot size is 2000 Shares and the minimum order quantity is .

You can apply in SKP Bearing Industries 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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for SKP Bearing Industries IPO will be done on Jul 8, 2022, and the allotted shares will be credited to your demat account by Jul 12, 2022. Check the SKP Bearing Industries IPO allotment status.

The SKP Bearing Industries IPO listing date is on Wednesday, July 13, 2022.
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