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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 ₹70.00 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). The minimum lot size investment for 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 Date | June 30, 2022 to July 5, 2022 |
| Listing Date | July 13, 2022 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹70 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 44,00,000 shares (aggregating up to ₹30.80 Cr) |
| Reserved for Market Maker | 2,20,000 shares Shreni Shares Ltd. (aggregating up to ₹1.54 Cr) |
| Fresh Issue (Ex Market Maker) | 13,80,000 shares (aggregating up to ₹9.66 Cr) |
| Offer for Sale | 28,00,000 shares of ₹10 (aggregating up to ₹19.60 Cr) |
| Net Offered to Public | 41,80,000 shares (aggregating up to ₹29.26 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,50,00,000 shares |
| Share Holding Post Issue | 1,66,00,000 shares |
SKP Bearing Industries IPO offers total 44,00,000 shares. Out of which 20,90,000 (47.50%) allocated to NII, 20,90,000 (47.50%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,20,000 (5.00%) |
| NII (HNI) Shares Offered | 20,90,000 (47.50%) |
| Retail Shares Offered | 20,90,000 (47.50%) |
| Total Shares Offered | 44,00,000 (100.00%) |
SKP Bearing Industries IPO opens on June 30, 2022, and closes on July 5, 2022.
| IPO Open Date | Thu, Jun 30, 2022 |
| IPO Close Date | Tue, Jul 5, 2022 |
| Tentative Allotment | Fri, Jul 8, 2022 |
| Initiation of Refunds | Mon, Jul 11, 2022 |
| Credit of Shares to Demat | Tue, Jul 12, 2022 |
| Tentative Listing Date | Wed, Jul 13, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Jul 5, 2022 |
Investors can bid for a minimum of 2,000 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 | 2,000 | ₹1,40,000 |
| Retail (Max) | 1 | 2,000 | ₹1,40,000 |
| HNI (Min) | 2 | 4,000 | ₹2,80,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth |
|---|---|---|---|---|
| 31-Mar-19 | 4358.36 | 4081.15 | 992.64 | 3086.87 |
| 31-Mar-20 | 5448.7 | 3258.18 | 812.47 | 3913.92 |
| 31-Mar-21 | 5281.07 | 3709.29 | 745.6 | 4580.08 |
| 05-Jan-22 | 5078.66 | 3444.35 | 940.41 | 4130.47 |
| Amount in ₹ Lakhs | ||||
The market capitalization of SKP Bearing Industries IPO is ₹116.20 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 9.49 |
The Company proposes to utilize the Net Proceeds from the Offer towards funding the following objects:
1. Funding working capital requirements.
2. General corporate purposes.
[Dilip Davda] SKP has posted mind-boggling results so far with attractive margins. But none of the peers enjoys such margins. Based on its current earnings, the issue is fully priced. The sustainability of present margins is a major concern. Risk seeker/cash surplus/well-informed investors may consider an investment with a long-term perspective. Read detail review...
| Listing Date | July 13, 2022 |
| BSE Script Code | |
| NSE Symbol | SKP |
| ISIN | INE0KZA01016 |
| Final Issue Price | ₹70 per share |
| BSE Listing Group | ST |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹70.00 |
| Open | ₹73.00 |
| Low | ₹70.50 |
| High | ₹74.50 |
| Last Trade | ₹72.45 |
SKP Bearing Industries Ltd.
Survey No. 2127,
Mulchand Road
Surendranagar
Wadhwan, Gujarat, 363030
Phone: +91 98242 31243
Email: info@skpbearings.com
Website: https://www.skpbearings.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
SKP Bearing Industries IPO is a SME IPO of 44,00,000 equity shares of the face value of ₹10 aggregating up to ₹30.80 Crores. The issue is priced at ₹70 per share. The minimum order quantity is 2000.
The IPO opens on June 30, 2022, and closes on July 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 June 30, 2022 and closes on July 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 Tuesday, July 12, 2022. Check the SKP Bearing Industries IPO allotment status.
The SKP Bearing Industries IPO listing date is on Wednesday, July 13, 2022.
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