Fixed Price IPO | ₹13 Cr | Listed at NSE SME | Tue, Jan 9, 2018 - Thu, Jan 11, 2018
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Tue, Jan 9, 2018
IPO Close
Thu, Jan 11, 2018
Issue Price
₹150 per share
Market Cap (Pre-IPO)
₹48.89 Cr
| IPO Date | 9 to 11 Jan, 2018 |
| Listed on | Fri, Jan 19, 2018 |
| Face Value | ₹10 per share |
| Issue Price | ₹150 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 8,88,000 shares (agg. up to ₹13 Cr) |
| Reserved for Market Maker | 48,000 shares Aryaman Capital Markets Ltd. (agg. up to ₹0.7200 Cr) |
| Fresh Issue (Ex Market Maker) | 3,90,000 shares (agg. up to ₹6 Cr) |
| Offer for Sale | 4,50,000 shares of ₹10 (agg. up to ₹7 Cr) |
| Net Offered to Public | 8,40,000 shares (agg. up to ₹13 Cr) |
| Share Holding Pre Issue | 28,21,437 shares |
| Share Holding Post Issue | 32,59,437 shares |
| NSE Symbol | SKSTEXTILE |
| ISIN | INE507Y01016 |
S K S Textiles IPO comprises a total issue size of 8,88,000 shares. The net offer to the public is 8,40,000 shares, after excluding 48,000 shares allotted on a firm basis. Of the Net offer 4,20,000 (50.00%) allocated to NII 4,20,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 4,20,000 | 50.00% | 47.30% |
| Retail Shares Offered | 4,20,000 | 50.00% | 47.30% |
| Firm Reservations | |||
| Market Maker Shares Offered | 48,000 | 5.41% | |
| Total Shares Offered | 8,88,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,000 shares and in multiples thereof.
| 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.
| 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 | Funding Long Term Working Capital Requirement | 5.29 |
| 2 | Expenditure for General Corporate Purposes | 0.94 |
The SKS Textiles IPO is subscribed 15.01 times on January 11, 2018 5:00:00 PM (Day 3). The public issue subscribed 22.7 times in the retail category, [.] times in the QIB category, and 6.9 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 6.9 | 4,20,000 | 28,98,000 |
| Retail | 22.7 | 4,20,000 | 95,34,000 |
| Total | 15.01 | 8,40,000 | 1,26,05,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management fees including fees and reimbursements of Market Making fees (1st year), and payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses. | 0.42 |
| 2 | Brokerage and Selling Commission, Underwriting Commission, RTAs and CDPs | 0.05 |
| 3 | Advertisement, Printing & Stationery, Marketing Expenses, etc. | 0.06 |
| 4 | Listing Fees, Market Regulatory & Other Expenses | 0.10 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹150.00 |
| Open | ₹149.90 |
| Low | ₹131.10 |
| High | ₹151.00 |
| Last Trade | ₹133.35 |
Lead Manager Reports
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 Crores. The issue is priced at ₹150 per share. The minimum order quantity is 1000.
The IPO opens on Tue, Jan 9, 2018, and closes on Thu, Jan 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 Tue, Jan 9, 2018 and closes on Thu, Jan 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 Fri, Jan 19, 2018.
