Fixed Price IPO | ₹31 Cr | Listed at NSE SME | Thu, Jun 30, 2022 - Tue, Jul 5, 2022
SKP Bearing Industries IPO is a fixed price issue of ₹30.80 crores. The issue is a combination of fresh issue of 0.16 crore shares aggregating to ₹11.20 crores and offer for sale of 0.28 crore shares aggregating to ₹19.60 crores.
SKP Bearing Industries IPO bidding started from Jun 30, 2022 and ended on Jul 5, 2022. The allotment for SKP Bearing Industries IPO was finalized on Jul 8, 2022. The shares got listed on NSE SME on Jul 13, 2022.
SKP Bearing Industries IPO price is ₹70 per share. The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,40,000 (2000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (4,000 shares), amounting to ₹2,80,000.
Shreni Shares 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 Shreni Shares Ltd..
Refer to SKP Bearing Industries IPO RHP for detailed Information.
IPO Open
Thu, Jun 30, 2022
IPO Close
Tue, Jul 5, 2022
Issue Price
₹70 per share
Market Cap (Pre-IPO)
₹116.20 Cr
| IPO Date | 30 Jun to 5 Jul, 2022 |
| Listed on | Wed, Jul 13, 2022 |
| Face Value | ₹10 per share |
| Issue Price | ₹70 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 44,00,000 shares (agg. up to ₹31 Cr) |
| Reserved for Market Maker | 2,20,000 shares Shreni Shares Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 13,80,000 shares (agg. up to ₹10 Cr) |
| Offer for Sale | 28,00,000 shares of ₹10 (agg. up to ₹20 Cr) |
| Net Offered to Public | 41,80,000 shares (agg. up to ₹29 Cr) |
| Share Holding Pre Issue | 1,50,00,000 shares |
| Share Holding Post Issue | 1,66,00,000 shares |
| NSE Symbol | SKP |
| ISIN | INE0KZA01016 |
SKP Bearing Industries IPO comprises a total issue size of 44,00,000 shares. The net offer to the public is 41,80,000 shares, after excluding 2,20,000 shares allotted on a firm basis. Of the Net offer 20,90,000 (50.00%) allocated to NII 20,90,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 20,90,000 | 50.00% | 47.50% |
| Retail Shares Offered | 20,90,000 | 50.00% | 47.50% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,20,000 | 5.00% | |
| Total Shares Offered | 44,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,40,000 |
| Retail (Max) | 1 | 2,000 | ₹1,40,000 |
| HNI (Min) | 2 | 4,000 | ₹2,80,000 |
| Period Ended | 05 Jan 2022 | 31 Mar 2021 | 31 Mar 2020 | 31 Mar 2019 |
|---|---|---|---|---|
| Assets | 50.79 | 52.81 | 54.49 | 43.58 |
| Total Income | 34.44 | 37.09 | 32.58 | 40.81 |
| Profit After Tax | 9.40 | 7.46 | 8.12 | 9.93 |
| NET Worth | 41.30 | 45.80 | 39.14 | 30.87 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding working capital requirements | 8.71 |
| 2 | General Corporate Purposes | 2.24 |
| KPI | |
|---|---|
| ROE | 17.56 |
| ROCE | 29.6 |
| Debt/Equity | 0.01 |
| RoNW | 16.28 |
| PAT Margin | 29.88% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 4.97 | |
| P/E (x) | 9.49 | |
| Promoter Holding | 100% | 73.49% |
| Market Cap | ₹116.20 Cr. |
The SKP Bearing Industries IPO is subscribed 10.06 times on July 5, 2022 5:00:00 PM (Day 4). The public issue subscribed 9.92 times in the retail category, [.] times in the QIB category, and 10.2 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 10.2 | 20,90,000 | 2,13,10,000 |
| Retail | 9.92 | 20,90,000 | 2,07,28,000 |
| Total | 10.06 | 41,80,000 | 4,20,38,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead manager(s) fees including underwriting commission | 0.20 |
| 2 | Brokerage, selling commission and upload fees | 0.00 |
| 3 | Registrar to the offer | 0.01 |
| 4 | Legal Advisors | 0.03 |
| 5 | Advertising and marketing expenses | 0.02 |
| 6 | Regulators including stock exchanges | 0.04 |
| 7 | Printing and distribution of offer stationary | 0.02 |
| 8 | Others, if any (market making, depositories, marketing fees, secretarial, peer review auditors, etc.) | 0.37 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹70.00 |
| Open | ₹73.00 |
| Low | ₹70.50 |
| High | ₹74.50 |
| Last Trade | ₹72.45 |
Lead Manager Reports
SKP Bearing Industries IPO is a SME IPO of 44,00,000 equity shares of the face value of ₹10 aggregating up to ₹31 Crores. The issue is priced at ₹70 per share. The minimum order quantity is 2000.
The IPO opens on Thu, Jun 30, 2022, and closes on Tue, Jul 5, 2022.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in SKP Bearing Industries IPO using UPI as a payment gateway. Zerodha customers can apply in SKP Bearing Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in SKP Bearing Industries IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The SKP Bearing Industries IPO opens on Thu, Jun 30, 2022 and closes on Tue, Jul 5, 2022.
SKP Bearing Industries IPO lot size is 2000, and the minimum amount required for application is ₹1,40,000.
You can apply in SKP Bearing Industries 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 SKP Bearing Industries IPO will be done on Friday, July 8, 2022, and the allotted shares will be credited to your demat account by Tue, Jul 12, 2022. Check the SKP Bearing Industries IPO allotment status.
The SKP Bearing Industries IPO listing date is on Wed, Jul 13, 2022.
