Fixed Price IPO | ₹7 Cr | Listed at BSE SME | Mon, Jun 24, 2019 - Wed, Jun 26, 2019
SBC Exports IPO is a fixed price issue of ₹6.56 crores. The issue is entirely a fresh issue of 0.30 crore shares of ₹6.56 crore.
SBC Exports IPO bidding started from Jun 24, 2019 and ended on Jun 26, 2019. The allotment for SBC Exports IPO was finalized on Jul 1, 2019. The shares got listed on BSE SME on Jul 4, 2019.
SBC Exports IPO price is ₹22 per share. The lot size for an application is 6,000. The minimum amount of investment required by an individual investor (retail) is ₹1,32,000 (6000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (12,000 shares), amounting to ₹2,64,000.
Navigant Corporate Advisors Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Nikunj Stock Brokers Ltd..
Refer to SBC Exports IPO RHP for detailed Information.
IPO Open
Mon, Jun 24, 2019
IPO Close
Wed, Jun 26, 2019
Issue Price
₹22 per share
Market Cap (Pre-IPO)
₹23.28 Cr
| IPO Date | 24 to 26 Jun, 2019 |
| Listed on | Thu, Jul 4, 2019 |
| Face Value | ₹10 per share |
| Issue Price | ₹22 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 29,82,000 shares (agg. up to ₹7 Cr) |
| Reserved for Market Maker | 1,50,000 shares Nikunj Stock Brokers Ltd. (agg. up to ₹0.3300 Cr) |
| Fresh Issue (Ex Market Maker) | 28,32,000 shares (agg. up to ₹6 Cr) |
| Net Offered to Public | 28,32,000 shares (agg. up to ₹6 Cr) |
| Share Holding Pre Issue | 76,00,000 shares |
| Share Holding Post Issue | 1,05,82,000 shares |
| BSE Script Code | 542725 |
| ISIN | INE04AK01010 |
SBC Exports IPO comprises a total issue size of 29,82,000 shares. The net offer to the public is 28,32,000 shares, after excluding 1,50,000 shares allotted on a firm basis. Of the Net offer 14,16,000 (50.00%) allocated to NII 14,16,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 14,16,000 | 50.00% | 47.48% |
| Retail Shares Offered | 14,16,000 | 50.00% | 47.48% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,50,000 | 5.03% | |
| Total Shares Offered | 29,82,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 6,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 6,000 | ₹1,32,000 |
| Retail (Max) | 1 | 6,000 | ₹1,32,000 |
| HNI (Min) | 2 | 12,000 | ₹2,64,000 |
Incorporated in 2011, Uttar Pradesh based SBC Exports Limited is a trader of cushion covers, bedspreads, cotton quilts and handmade carpets in the Mirzapur. Initially, the company was only known for trading of good quality readymade apparels. Later, it had expanded its business in some other areas like tour & travels, manpower supply and information technology services. The company also started trading of hosiery fabrics & hosiery garments for Ladies, Mens' and Kids' in Mirzapur.
SBC Exports Ltd operates primarily in three key segments:
-Online & offline Hotel / Travel / Vacation Bookings
-IT Services & Manpower supply and
-Textiles, Garments trading including Carpets
The company has two manufacturing plants located at Mirzapur and Ghaziabad in Uttar Pradesh. A variety of products such as Jackets, trousers, leggings, denim, T-shirts, and sweatshirts etc. are sold by the company under SBC DESIGN+, IEDEE, and SBC F-ROUTE brand names. It also has an online selling website www.frouteclothing.com and mobile APP to sell products online.
The competitive strengths of the company are:
1. Manufacturing units located near to the source of the raw materials.
2. Innovative product designing services.
3. Varied product range
4. Quality assurance
5. Diversified business model
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To part finance working capital requirements of the Company. | 5.10 |
| 2 | General corporate purposes | 0.96 |
The SBC Exports IPO is subscribed 1.36 times on June 26, 2019 6:49:02 PM (Day 3). The public issue subscribed 0.78 times in the retail category, [.] times in the QIB category, and 1.94 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.94 | 14,16,000 | 27,48,000 |
| Retail | 0.78 | 14,16,000 | 10,98,000 |
| Total | 1.36 | 28,32,000 | 38,46,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue management fees, Underwriting Fees selling commissions, brokerages, Payment to other intermediaries such as Legal Advisors, Registrars, Market Making fee for three years etc. | |
| 2 | Printing & Stationery, Distribution, Postage, etc. | |
| 3 | Advertisement & Marketing Expenses | |
| 4 | Regulatory & other expenses | |
| 5 | Miscellaneous Expenses |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹22.00 |
| Open | ₹22.00 |
| Low | ₹22.00 |
| High | ₹23.10 |
| Last Trade | ₹23.10 |
Lead Manager Reports
SBC Exports IPO is a SME IPO of 29,82,000 equity shares of the face value of ₹10 aggregating up to ₹7 Crores. The issue is priced at ₹22 per share. The minimum order quantity is 6000.
The IPO opens on Mon, Jun 24, 2019, and closes on Wed, Jun 26, 2019.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in SBC Exports IPO using UPI as a payment gateway. Zerodha customers can apply in SBC Exports IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in SBC Exports IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The SBC Exports IPO opens on Mon, Jun 24, 2019 and closes on Wed, Jun 26, 2019.
SBC Exports IPO lot size is 6000, and the minimum amount required for application is ₹1,32,000.
You can apply in SBC Exports IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for SBC Exports IPO will be done on Monday, July 1, 2019, and the allotted shares will be credited to your demat account by Wed, Jul 3, 2019. Check the SBC Exports IPO allotment status.
The SBC Exports IPO listing date is on Thu, Jul 4, 2019.
