S K S Textiles Limited IPO (SKS Textiles IPO) Detail

Jan 9, 2018 - Jan 11, 2018

Incorporated in 1997, S K S Textiles Limited is Mumbai-based ISO 9000:2015 certified Company engaged in the business of Textile Manufacturing and Trading. SKS Textiles manufacture grey fabrics and finished fabrics for shirting, suiting, and other accessories for its own brand and also on outsourcing basis for other fabric / garment companies.

Company manufacture various fabrics like 100% Cotton - Lycra and Non-Lycra, Blended Cotton Suiting – Chief Value Cotton, Polyester Cotton, 100% Cotton Yarn Dyed , Polyester Viscose, Terry Rayon Suiting and Mock Linen under its brand names – Pierricarrlo, Cotbbelly’s and Earthen Belly. Company also undertakes corporate orders for Finished Fabrics and Grey Fabrics for corporate brands such as Raymond, Arvind, Siyaram’s, Digjam Limited, etc.

SKS Textiles manufacturing unit is located at Sonale, Bhiwandi in Maharashtra. Company also have a Packing and Storage unit at Kalher, Bhiwandi in Maharashtra.

Company Promoters:

The Promoters of the Company are:
1. Mr. Sukanraj Shah
2. Mr. Vicky Shah
3. Mr. Sahil Shah
4. Sukanraj Bhabhutmal Shah HUF

Objects of the Issue:

The Offer comprises a Fresh Issue by the Company and an Offer for Sale by the Selling Shareholders.

The Offer for Sale
Our Company will not receive any proceeds of the Offer for Sale by the Selling Shareholders.

The Fresh Issue
The Objects of the Fresh Issue is to raise funds for:
(a) Funding Long Term Working Capital Requirement; and
(b) Funding expenditure for General Corporate Purposes.

SKS Textiles IPO Details

Issue Open	Jan 9, 2018 - Jan 11, 2018
Issue Type	Fixed Price Issue IPO
Issue Size	888,000 Eq Shares of Rs 10 (aggregating up to Rs 13.32 Cr)
Fresh Issue	438,000 Eq Shares of Rs 10 (aggregating up to Rs 6.57 Cr)
Offer for Sale	450,000 Eq Shares of Rs 10 (aggregating up to Rs 6.75 Cr)
Face Value	Rs 10 Per Equity Share
Issue Price	Rs 150 Per Equity Share
Market Lot	1000 Shares
Min Order Quantity	1000 Shares
Listing At	NSE SME

SKS Textiles IPO Subscription Status (Bidding Detail)

SKS Textiles IPO how much subscribed?
	No. of Times Issue Subscribed (BSE + NSE)
As on Date & Time	NII	RII	Total
Shares Offered	420,000	420,000	840,000
Jan 11, 2018 17:00	6.90x	22.70x	15.01x

SKS Textiles IPO Prospectus

› Red Herring Prospectus

SKS Textiles IPO Rating

117

3.5

Rating:

Vote Here ...

SKS Textiles IPO Listing Date

Listing Date	Friday, January 19, 2018
BSE Script Code
NSE Symbol	SKSTEXTILE
Listing In
ISIN	INE507Y01016
Issue Price	Rs 150 Per Equity Share
Face Value	Rs 10 Per Equity Share

Listing Day Trading Information

.
Issue Price
Open
Low
High
Last Trade
Volume

	NSE SME
Issue Price:	Rs 150.00
Open:	Rs 149.90
Low:	Rs 131.10
High:	Rs 151.00
Last Trade:	Rs 133.35
Volume:	1,084,000

SKS Textiles IPO Reviews / Ratings

Dilip Davda - Other

Company Contact Information

S K S Textiles Limited
Gala No. 431, Kewal Industrial Estate,
4th Floor, Senapati Bapat Marg,
Lower Parel (West), Mumbai 400 013

Phone: 022 6120 6222
Email: info@groupsks.com
Website: http://www.groupsks.com

SKS Textiles IPO Registrar

Sharex Dynamic (India) Pvt Ltd
   Unit 1, Luthra Ind. Premises,
   Safed Pool, Andheri - Kurla Road,
   Andheri (East), Mumbai - 400 072

Phone: +91- 22 - 2851 5606
Email: sharexindia@vsnl.com
Website: http://www.sharexindia.com

SKS Textiles IPO Lead Manager(s)

Aryaman Financial Services limited

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Useful Articles

SKS Textiles IPO Review / Comments

52. Parveen taragi Jan 24, 2018 14:14

is ipo allotment out?

51. Devendrablt Jan 23, 2018 16:07

There is so much difference in meera ind and sks.

Diffrent buisness.

Meera ind is in machinery business and sks is in textile.

50. Thiagarajan Ramasamy Jan 23, 2018 10:21

Yes Meera INDS is in SME Group.

49. Thiagarajan Ramasamy Jan 20, 2018 16:20

The poor listing of SKST may be due to operators play. Of over 10 Lakh shares traded 4.25 lakh have been marked for delivery. While the high low is 51 and 31 ATP is roughly 46.
Most Retail Investors must have booked marginal profit or loss.
I recall the listing of another SAME Company Meera Industries offered @36 with lot size of 3000 an year back. I got one lot and sold on listing day @37 plus making marginal Profit.
In the following days it came further down to 32 levels. Afterwards it bounced back and presently quoting @255 plus @ BSE.
We have to wait and see how SKST will move in the coming days. Let Individual Investors take their own decision. This is for informative purposes only.

Load more comments (1 replies)

49.2. CLD Jan 21, 2018 02:53

IPO Mentor (500+ Posts, 100+ Likes)

Are you buying it at current rate?

49.3. JSK,Mum Jan 23, 2018 10:15

MEERA IS NOW UPPER CIRCUIT @ 303.70 IS IT SAME GROUP ??

48. NEMI CHAND AJMERA Jan 22, 2018 07:09

Issue size was 8.88 lacs shares.First day traded share 10.80lacs.It concludes that someone has manipulated script drastically.Good participation seen by HNI and QIB . So wait for some time to settle the script.

48.1. Nakp Jan 23, 2018 01:00

What to do still waiting?

47. RAJA RAJASTHANI Jan 19, 2018 21:58

IPO Mentor (500+ Posts, 300+ Likes)

Maar Dala Kamino ne..

QIB ko dekhkar apply kiya tha.

Chuna laga gaye..

Remain alert friends and save your money from such Greedy companies..

Load more comments (2 replies)

47.3. Ipo.... Jan 21, 2018 10:10

14000

47.4. ronak tilva Jan 21, 2018 14:41

1 |

it will easily go below 100 in few days

46. an Investor Jan 20, 2018 12:07

i follow usually dilip sir''s advice, since this was not "subscribe" call, i did not go with more lots
i had still applied 1 lot coz of FII, but its good i did not get any allotment.

45. Umang and his ultrasonic uproar Jan 19, 2018 17:04

1 |

Top Contributor (400+ Posts, 500+ Likes)

Nowadays HNI are more smart than QIB, atleast this is true, as far as this issue is concerned. Heavy selling in last hour.... Desperate attempt by operators & L. M. to stabilize price doesn''t help..... QIB went wrong...... All coming up SME''S are avoid.....

45.1. KAUSHIK SHAH Jan 19, 2018 18:24

Whether to hold or sell @ loss?

44. SHANI Jan 19, 2018 13:26

ON NSE SUBS NOW
Total 49,27,351 12,01,65,877 24.39
ON BSE SUBS NOW
otal 49,27,351 15,51,45,944 31.4867

BOTH NSE BSE TOTAL = 55.8767

43. RAJA RAJASTHANI Jan 19, 2018 09:18

1 |

IPO Mentor (500+ Posts, 300+ Likes)

Todays listing day low @134.7

Lesson for retailers

Mind blowing

42. RAJA RAJASTHANI Jan 19, 2018 09:16

1 |

IPO Mentor (500+ Posts, 300+ Likes)

Poor listing

Sold in loss

41. RAJA RAJASTHANI Jan 19, 2018 07:56

1 |

IPO Mentor (500+ Posts, 300+ Likes)

SKS Textiles.

Listing today.

Best wishes

40. GROWINGFURTHER Jan 19, 2018 07:06

Might be open in good but advise to exit .... don''t expect circuit would be sustainable

39. lakshya agg Jan 15, 2018 11:09

9 |

will lock in 20% up as fii buying

rs. 180 for sure

Load more comments (1 replies)

39.2. KAUSHIK SHAH Jan 18, 2018 18:53

How many UCs are possible?

39.3. SekharG Jan 18, 2018 20:02

Can expect at least 2 UCS

38. Vijay M Agrawal Jan 18, 2018 15:40

1 |

LISTING IS TOMORROW

37. invest right sit tight Jan 16, 2018 14:39

Any problem like income tax notice or scrutiny if invest 4-5 lakh in one application? Will the company file AIR information report for this transaction? Senior members please reply.
Thanks in advance.

37.1. o.p.punani Jan 18, 2018 04:42

2 |

YES ABOVE 2 LAC APPLY ALL DATE WILL GO TO INCOME TAX DEPPTT...IN LAST I HAD RECED NOTICES....

37.2. invest right sit tight Jan 18, 2018 15:04

Thank you for reply. Someone told me that rules changed wef January 2016 and limit for Annual information report AIR hiked to 10 lakh rupees. Is it not true or you still get notice? Can you tell me for which financial year you received notice? It will be very helpful 4 me.

36. Sanjay parmar Jan 17, 2018 20:02

4/7

36.1. Nakp Jan 18, 2018 00:51

Sir any premium?

35. RAJA RAJASTHANI Jan 17, 2018 22:04

IPO Mentor (500+ Posts, 300+ Likes)

Check your Bank account.
Amount debited.

Check detail using DP details.
Website working OK.

http://www.sharexindia.com/appdetails1.php?id=33

34. Yug Jan 17, 2018 21:17

How to check allotment with PAN

33. RAJA RAJASTHANI Jan 17, 2018 19:13

1 |

IPO Mentor (500+ Posts, 300+ Likes)

1/7

Cheers

33.1. KAUSHIK SHAH Jan 17, 2018 19:34

Any premium?

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