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S K S Textiles IPO is a fixed price issue of ₹13.32 crores. The issue is a combination of fresh issue of 0.04 crore shares aggregating to ₹6.57 crores and offer for sale of 0.05 crore shares aggregating to ₹6.75 crores.
S K S Textiles IPO bidding started from Jan 9, 2018 and ended on Jan 11, 2018. The shares got listed on NSE SME on Jan 19, 2018.
S K S Textiles IPO price is ₹150.00 per share . The lot size for an application is 1,000. The minimum amount of investment required by an individual investor (retail) is ₹1,50,000 (1000 shares). The minimum lot size investment for HNI is 2 lots (2,000 shares), amounting to ₹3,00,000.
Aryaman Financial Services Ltd. is the book running lead manager and Sharex Dynamic (India) Pvt.Ltd. is the registrar of the issue. The market maker of the company is Aryaman Capital Markets Ltd..
Refer to S K S Textiles IPO RHP for detailed Information.
| IPO Date | January 9, 2018 to January 11, 2018 |
| Listing Date | January 19, 2018 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹150 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 8,88,000 shares (aggregating up to ₹13.32 Cr) |
| Reserved for Market Maker | 48,000 shares Aryaman Capital Markets Ltd. (aggregating up to ₹0.7200 Cr) |
| Fresh Issue (Ex Market Maker) | 3,90,000 shares (aggregating up to ₹5.85 Cr) |
| Offer for Sale | 4,50,000 shares of ₹10 (aggregating up to ₹6.75 Cr) |
| Net Offered to Public | 8,40,000 shares (aggregating up to ₹12.60 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 28,21,437 shares |
| Share Holding Post Issue | 32,59,437 shares |
SKS Textiles IPO offers total 8,88,000 shares. Out of which 4,20,000 (47.30%) allocated to NII, 4,20,000 (47.30%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 48,000 (5.41%) |
| NII (HNI) Shares Offered | 4,20,000 (47.30%) |
| Retail Shares Offered | 4,20,000 (47.30%) |
| Total Shares Offered | 8,88,000 (100.00%) |
S K S Textiles IPO opens on January 9, 2018, and closes on January 11, 2018.
| IPO Open Date | Tue, Jan 9, 2018 |
| IPO Close Date | Thu, Jan 11, 2018 |
| Tentative Listing Date | Fri, Jan 19, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Jan 11, 2018 |
Investors can bid for a minimum of 1,000 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 | 1,000 | ₹1,50,000 |
| Retail (Max) | 1 | 1,000 | ₹1,50,000 |
| HNI (Min) | 2 | 2,000 | ₹3,00,000 |
Incorporated in 1997, S K S Textiles Limited is Mumbai-based ISO 9000:2015 certified Company engaged in the business of Textile Manufacturing and Trading. SKS Textiles manufacture grey fabrics and finished fabrics for shirting, suiting, and other accessories for its own brand and also on outsourcing basis for other fabric / garment companies.
Company manufacture various fabrics like 100% Cotton - Lycra and Non-Lycra, Blended Cotton Suiting – Chief Value Cotton, Polyester Cotton, 100% Cotton Yarn Dyed , Polyester Viscose, Terry Rayon Suiting and Mock Linen under its brand names – Pierricarrlo, Cotbbelly’s and Earthen Belly. Company also undertakes corporate orders for Finished Fabrics and Grey Fabrics for corporate brands such as Raymond, Arvind, Siyaram’s, Digjam Limited, etc.
SKS Textiles manufacturing unit is located at Sonale, Bhiwandi in Maharashtra. Company also have a Packing and Storage unit at Kalher, Bhiwandi in Maharashtra.
The Company S K S Textiles 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 | Funding Long Term Working Capital Requirement | 5.29 |
| 2 | Expenditure for General Corporate Purposes | 0.94 |
[Dilip Davda] Cash surplus investors may consider moderate investment in this fully priced offer for long term. (Other). Read detail review...
| Listing Date | January 19, 2018 |
| BSE Script Code | |
| NSE Symbol | SKSTEXTILE |
| ISIN | INE507Y01016 |
| Final Issue Price | ₹150 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹150.00 |
| Open | ₹149.90 |
| Low | ₹131.10 |
| High | ₹151.00 |
| Last Trade | ₹133.35 |
S K S Textiles Ltd.
Gala No. 431, Kewal Industrial Estate,
4th Floor, Senapati Bapat Marg,
Lower Parel (West),
Mumbai, Maharashtra, 400013
Phone: 022 6120 6222
Email: info@groupsks.com
Website: http://www.groupsks.com
Sharex Dynamic (India) Pvt.Ltd.
Phone: +91- 22 - 2851 5606
Email: sharexindia@vsnl.com
Website:
S K S Textiles IPO is a SME IPO of 8,88,000 equity shares of the face value of ₹10 aggregating up to ₹13.32 Crores. The issue is priced at ₹150 per share. The minimum order quantity is 1000.
The IPO opens on January 9, 2018, and closes on January 11, 2018.
Sharex Dynamic (India) Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in S K S Textiles IPO using UPI as a payment gateway. Zerodha customers can apply in S K S Textiles IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in S K S Textiles IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The S K S Textiles IPO opens on January 9, 2018 and closes on January 11, 2018.
S K S Textiles IPO lot size is 1000, and the minimum amount required for application is ₹1,50,000.
You can apply in S K S Textiles 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 S K S Textiles IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the S K S Textiles IPO allotment status.
The S K S Textiles IPO listing date is on Friday, January 19, 2018.
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