Fixed Price IPO | ₹4 Cr | Listed at BSE SME | Fri, Jun 28, 2019 - Fri, Jul 5, 2019
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Fri, Jun 28, 2019
IPO Close
Fri, Jul 5, 2019
Issue Price
₹20 per share
Market Cap (Pre-IPO)
₹14.66 Cr
| IPO Date | 28 Jun to 5 Jul, 2019 |
| Listed on | Mon, Jul 15, 2019 |
| Face Value | ₹10 per share |
| Issue Price | ₹20 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 19,80,000 shares (agg. up to ₹4 Cr) |
| Reserved for Market Maker | 1,02,000 shares Wellworth Share & Stock Broking Ltd. (agg. up to ₹0.2040 Cr) |
| Fresh Issue (Ex Market Maker) | 18,78,000 shares (agg. up to ₹4 Cr) |
| Net Offered to Public | 18,78,000 shares (agg. up to ₹4 Cr) |
| Share Holding Pre Issue | 53,51,954 shares |
| Share Holding Post Issue | 73,31,954 shares |
| BSE Script Code | 542728 |
| ISIN | INE04ST01013 |
SK International Export IPO comprises a total issue size of 19,80,000 shares. The net offer to the public is 18,78,000 shares, after excluding 1,02,000 shares allotted on a firm basis. Of the Net offer 9,36,000 (49.84%) allocated to NII 9,42,000 (50.16%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 9,36,000 | 49.84% | 47.27% |
| Retail Shares Offered | 9,42,000 | 50.16% | 47.58% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,02,000 | 5.15% | |
| Total Shares Offered | 19,80,000 | 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 | ₹1,20,000 |
| Retail (Max) | 1 | 6,000 | ₹1,20,000 |
| HNI (Min) | 2 | 12,000 | ₹2,40,000 |
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
| 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 meet Working Capital Requirement | 3.01 |
| 2 | General Corporate Purposes | 0.70 |
The SK International IPO is subscribed 1.26 times on July 5, 2019 6:49:03 PM (Day 6). The public issue subscribed 0.54 times in the retail category, [.] times in the QIB category, and 1.97 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.97 | 9,39,000 | 18,54,000 |
| Retail | 0.54 | 9,39,000 | 5,10,000 |
| Total | 1.26 | 18,78,000 | 23,64,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manager Fees including Underwriting Commission, Brokerage, Selling Commission and upload Fees, Registrar to the Issue, Legal Advisors etc and other out of Pocket Expenses Advertising and Marketing Expenses Regulators Including Stock Exchanges Printing and distribution of Issue Stationary | 0.25 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹20.00 |
| Open | ₹19.20 |
| Low | ₹19.20 |
| High | ₹20.00 |
| Last Trade | ₹20.00 |
Lead Manager Reports
SK International Export IPO is a SME IPO of 19,80,000 equity shares of the face value of ₹10 aggregating up to ₹4 Crores. The issue is priced at ₹20 per share. The minimum order quantity is 6000.
The IPO opens on Fri, Jun 28, 2019, and closes on Fri, Jul 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 Fri, Jun 28, 2019 and closes on Fri, Jul 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 Mon, Jul 15, 2019.
