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SKP Bearing Industries IPO is a fixed price issue of Rs 30.80 crores. The issue is a combination of fresh issue of 16 lakh shares aggregating to Rs 11.20 crores and offer for sale of 28 lakh shares aggregating to Rs 19.60 crores.
SKP Bearing Industries IPO bidding started from June 30, 2022 and ended on July 5, 2022. The allotment for SKP Bearing Industries IPO was finalized on Friday, July 8, 2022. The shares got listed on NSE SME on July 13, 2022.
SKP Bearing Industries IPO price is ₹70 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹140,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹280,000.
Shreni Shares Limited is the book running lead manager of the SKP Bearing Industries IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to SKP Bearing Industries IPO RHP for detailed information.
| IPO Date | June 30, 2022 to July 5, 2022 |
| Listing Date | July 13, 2022 |
| Face Value | ₹10 per share |
| Price | ₹70 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 4,400,000 shares (aggregating up to ₹30.80 Cr) |
| Fresh Issue | 1,600,000 shares (aggregating up to ₹11.20 Cr) |
| Offer for Sale | 2,800,000 shares of ₹10 (aggregating up to ₹19.60 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 220,000 shares |
SKP Bearing Industries IPO offers 4,400,000 shares. 2,090,000 (47.50%) to NII, 2,090,000 (47.50%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 220,000 (5.00%) |
| Other Shares Offered | 2,090,000 (47.50%) |
| Retail Shares Offered | 2,090,000 (47.50%) |
| Total Shares Offered | 4,400,000 (100%) |
SKP Bearing Industries IPO opens on June 30, 2022, and closes on July 5, 2022.
| IPO Open Date | Thursday, June 30, 2022 |
| IPO Close Date | Tuesday, July 5, 2022 |
| Basis of Allotment | Friday, July 8, 2022 |
| Initiation of Refunds | Monday, July 11, 2022 |
| Credit of Shares to Demat | Tuesday, July 12, 2022 |
| Listing Date | Wednesday, July 13, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 5, 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 | ₹140,000 |
| Retail (Max) | 1 | 2000 | ₹140,000 |
| HNI (Min) | 2 | 4,000 | ₹280,000 |
| Lot Size Calculator | |||
Mr. Shrinand Kamlakar Palshikar and Ms. Sangita Shrinand Palshikar are the company promoters.
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 73.49% |
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth |
|---|---|---|---|---|
| 31-Mar-19 | 4358.36 | 4081.15 | 992.64 | 3086.87 |
| 31-Mar-20 | 5448.7 | 3258.18 | 812.47 | 3913.92 |
| 31-Mar-21 | 5281.07 | 3709.29 | 745.6 | 4580.08 |
| 05-Jan-22 | 5078.66 | 3444.35 | 940.41 | 4130.47 |
| Amount in ₹ Lakhs | ||||
The market capitalization of SKP Bearing Industries IPO is Rs 116.2 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 9.49 |
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.
[Dilip Davda] 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...
The SKP Bearing Industries IPO is subscribed 10.06 times on July 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)
| Category | Subscription (times) |
|---|---|
| Other | 10.20 |
| Retail | 9.92 |
| Total | 10.06 |
| Listing Date | July 13, 2022 |
| BSE Script Code | |
| NSE Symbol | SKP |
| ISIN | INE0KZA01016 |
| Final Issue Price | ₹70 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹70.00 |
| ₹73.00 |
| ₹70.50 |
| ₹74.50 |
| ₹72.45 |
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/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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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 June 30, 2022, and closes on July 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
Visit Zerodha IPO Application Process Review for more detail.
The SKP Bearing Industries IPO opens on June 30, 2022 and closes on July 5, 2022.
SKP Bearing Industries IPO lot size is 2000 Shares, and the minimum amount required is ₹140,000.
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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for SKP Bearing Industries IPO will be done on Friday, July 8, 2022, and the allotted shares will be credited to your demat account by Tuesday, July 12, 2022. Check the SKP Bearing Industries IPO allotment status.
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Dividend 1Re.
Receivable are bit large.
Owner husband/wife have almost 20 cr unsecured loan from company at very low interest, which is worrisome.