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.
The Promoters of the Company are:
1. Mr. Sukanraj Shah
2. Mr. Vicky Shah
3. Mr. Sahil Shah
4. Sukanraj Bhabhutmal Shah HUF
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.
| IPO Opening Date | Jan 9, 2018 |
| IPO Closing Date | Jan 11, 2018 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹150 per equity share |
| Market Lot | 1000 Shares |
| Min Order Quantity | 1000 Shares |
| Listing At | NSE SME |
| Issue Size | 888,000 Eq Shares of ₹10 (aggregating up to ₹13.32 Cr) |
| Fresh Issue | 438,000 Eq Shares of ₹10 (aggregating up to ₹6.57 Cr) |
| Offer for Sale | 450,000 Eq Shares of ₹10 (aggregating up to ₹6.75 Cr) |
The SKS Textiles IPO market lot size is 1000 shares. A retail-individual investor can apply for up to 1 lots (1000 shares or ₹150,000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1000 | ₹150,000 |
| Maximum | 1 | 1000 | ₹150,000 |
The SKS Textiles IPO is subscribed 15.01x times on Jan 11, 2018 17:00. The public issue subscribed 22.70x in the retail category, in the QIB category, and 6.90x in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | IPO Subscription |
|---|---|
| NII | 6.90x |
| RII | 22.70x |
| Total | 15.01x |
| Listing Date | Friday, January 19, 2018 |
| BSE Script Code | |
| NSE Symbol | SKSTEXTILE |
| Listing In | |
| ISIN | INE507Y01016 |
| IPO Price | ₹150 per equity share |
| Face Value | ₹10 per equity share |
|
|
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
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 is a SME IPO of 888,000 equity shares of the face value of ₹10 aggregating up to ₹13.32 Crores. The issue is priced at ₹150 per equity share. The minimum order quantity is 1000 Shares.
The IPO opens on Jan 9, 2018, and closes on Jan 11, 2018.
Sharex Dynamic (India) Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The SKS Textiles IPO opens on Jan 9, 2018 and closes on Jan 11, 2018.
SKS Textiles IPO lot size is 1000 Shares and the minimum order quantity is 1000 Shares.
You can apply in SKS Textiles 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 SKS Textiles IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the SKS Textiles IPO allotment status.
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