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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 ₹22.00 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). The minimum lot size investment for 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 Date | June 24, 2019 to June 26, 2019 |
| Listing Date | July 4, 2019 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹22 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 29,82,000 shares (aggregating up to ₹6.56 Cr) |
| Reserved for Market Maker | 1,50,000 shares Nikunj Stock Brokers Ltd. (aggregating up to ₹0.3300 Cr) |
| Net Offered to Public | 28,32,000 shares (aggregating up to ₹6.23 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 76,00,000 shares |
| Share Holding Post Issue | 1,05,82,000 shares |
SBC Exports IPO offers total 29,82,000 shares. Out of which 14,16,000 (47.48%) allocated to NII, 14,16,000 (47.48%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,50,000 (5.03%) |
| NII (HNI) Shares Offered | 14,16,000 (47.48%) |
| Retail Shares Offered | 14,16,000 (47.48%) |
| Total Shares Offered | 29,82,000 (100.00%) |
SBC Exports IPO opens on June 24, 2019, and closes on June 26, 2019.
| IPO Open Date | Mon, Jun 24, 2019 |
| IPO Close Date | Wed, Jun 26, 2019 |
| Tentative Allotment | Mon, Jul 1, 2019 |
| Initiation of Refunds | Tue, Jul 2, 2019 |
| Credit of Shares to Demat | Wed, Jul 3, 2019 |
| Tentative Listing Date | Thu, Jul 4, 2019 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Jun 26, 2019 |
Investors can bid for a minimum of 6,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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
| Particulars | For the year/period ended (in Rs. Lakhs) | ||||
|---|---|---|---|---|---|
| 31-Dec-18 | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | ||
| Total Assets | 2938.66 | 1892.70 | 925.87 | 479.55 | |
| Total Revenue | 5848.51 | 6399.45 | 2865.70 | 2115.76 | |
| Profit After Tax | 69.37 | 82.97 | 32.84 | 6.58 | |
The Company SBC Exports IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | To part finance working capital requirements of the Company. | 5.10 |
| 2 | General corporate purposes | 0.96 |
[Dilip Davda] <p>Although the company has diverse activities, its major revenue comes from domestic markets. Issue pricing is aggressive. Peers comparison is grossly misleading. Investors may skip this issue.</p> Read detail review...
| Listing Date | July 4, 2019 |
| BSE Script Code | 542725 |
| NSE Symbol | |
| ISIN | INE04AK01010 |
| Final Issue Price | ₹22 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹22.00 |
| Open | ₹22.00 |
| Low | ₹22.00 |
| High | ₹23.10 |
| Last Trade | ₹23.10 |
SBC Exports Ltd.
House No.-20, Lohiya Talab,
Choti Basahi,
P.O. Vindhyachal
Mirzapur, Uttar Pradesh, 231307
Phone: 0120-2895246
Email: info@sbcel.com
Website: http://sbcexportslimited.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
SBC Exports IPO is a SME IPO of 29,82,000 equity shares of the face value of ₹10 aggregating up to ₹6.56 Crores. The issue is priced at ₹22 per share. The minimum order quantity is 6000.
The IPO opens on June 24, 2019, and closes on June 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 June 24, 2019 and closes on June 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 Wednesday, July 3, 2019. Check the SBC Exports IPO allotment status.
The SBC Exports IPO listing date is on Thursday, July 4, 2019.
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