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SK International Export IPO is a fixed price issue of ₹3.96 crores. The issue is entirely a fresh issue of 0.20 crore shares of ₹3.96 crore.
SK International Export IPO bidding started from Jun 28, 2019 and ended on Jul 5, 2019. The shares got listed on BSE SME on Jul 15, 2019.
SK International Export IPO price is ₹20.00 per share . The lot size for an application is 6,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (6000 shares). The minimum lot size investment for HNI is 2 lots (12,000 shares), amounting to ₹2,40,000.
Finshore Management Services Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The market maker of the company is Wellworth Share & Stock Broking Ltd..
Refer to SK International Export IPO RHP for detailed Information.
| IPO Date | June 28, 2019 to July 5, 2019 |
| Listing Date | July 15, 2019 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹20 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 19,80,000 shares (aggregating up to ₹3.96 Cr) |
| Reserved for Market Maker | 1,02,000 shares Wellworth Share & Stock Broking Ltd. (aggregating up to ₹0.2040 Cr) |
| Net Offered to Public | 18,78,000 shares (aggregating up to ₹3.76 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 53,51,954 shares |
| Share Holding Post Issue | 73,31,954 shares |
SK International IPO offers total 19,80,000 shares. Out of which 9,36,000 (47.27%) allocated to NII, 9,42,000 (47.58%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,02,000 (5.15%) |
| NII (HNI) Shares Offered | 9,36,000 (47.27%) |
| Retail Shares Offered | 9,42,000 (47.58%) |
| Total Shares Offered | 19,80,000 (100.00%) |
SK International Export IPO opens on June 28, 2019, and closes on July 5, 2019.
| IPO Open Date | Fri, Jun 28, 2019 |
| IPO Close Date | Fri, Jul 5, 2019 |
| Tentative Listing Date | Mon, Jul 15, 2019 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Jul 5, 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 | ₹1,20,000 |
| Retail (Max) | 1 | 6,000 | ₹1,20,000 |
| HNI (Min) | 2 | 12,000 | ₹2,40,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 1991, Mumbai based SK International Export Limited is a manufacturer and exporter of beachwear and scarves. The company has both domestic and international presence (mainly in European countries such as the UK, US, Netherlands, Germany, Spain, and France). The product range of SK International includes headband, sarongs, shawls, scarves, bandanas and beachwear garments (of polyester, viscose, silk, wool and other qualities) for men and women.
Under Sand Kastle brand name, the company offers fashion accessories, holiday and beachwear wear garments for kids segment as well. The raw material for manufacturing garments with a variety of trims and fabrics is sourced from all over India. The company has its own design team to bring new finishes, fits and styles. Other production facilities such as finishing, ironing, cutting, packing, sewing and quality control are also maintained by the company itself.
Most of the products of the company are manufactured in an in-house factory located at Virar (Palghar). The company works on make to order basis for fashion forecast from big brands in domestic and international markets.
Apart from this, the company also offers ethnic wears such as salwar kameez & dupattas for the domestic markets.
The competitive strengths of the company are:
1. Quality focused products
2. Strong relationships with customers and suppliers
3. Customer focused business model
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Jan-19 | 12-Sep-18 | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | ||
| Total Assets | 677.81 | 645.19 | 614.59 | 442.57 | 444.50 | |
| Total Revenue | 379.49 | 422.24 | 844.24 | 805.87 | 888.28 | |
| Profit After Tax | 17.52 | 21.48 | 153.01 | 33.82 | 10.58 | |
The Company SK International Export 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 meet Working Capital Requirement | 3.01 |
| 2 | General Corporate Purposes | 0.70 |
[Dilip Davda] <p><strong>Currently, the textile segment is not fancied by investors. The issue is priced aggressively. SKIEL has shown average financial performance so far. There is no harm in giving this issue a miss. </strong></p> Read detail review...
| Listing Date | July 15, 2019 |
| BSE Script Code | 542728 |
| NSE Symbol | |
| ISIN | INE04ST01013 |
| Final Issue Price | ₹20 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹20.00 |
| Open | ₹19.20 |
| Low | ₹19.20 |
| High | ₹20.00 |
| Last Trade | ₹20.00 |
SK International Export Ltd.
78, Ground, A2, Shah & Nahar Industrial Estate
Sitaram Jadhav Marg
Lower Parel
Mumbai, Maharashtra, 400013
Phone: +91 022 6660 6450
Email: info@skinternational.in
Website: http://skinternational.in/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://ipostatus.kfintech.com/
SK International Export IPO is a SME IPO of 19,80,000 equity shares of the face value of ₹10 aggregating up to ₹3.96 Crores. The issue is priced at ₹20 per share. The minimum order quantity is 6000.
The IPO opens on June 28, 2019, and closes on July 5, 2019.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in SK International Export IPO using UPI as a payment gateway. Zerodha customers can apply in SK International Export IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in SK International Export IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The SK International Export IPO opens on June 28, 2019 and closes on July 5, 2019.
SK International Export IPO lot size is 6000, and the minimum amount required for application is ₹1,20,000.
You can apply in SK International Export 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 SK International Export IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the SK International Export IPO allotment status.
The SK International Export IPO listing date is on Monday, July 15, 2019.
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