SKP Bearing Industries Limited IPO Detail
SKP Bearing Industries Limited manufactures needle rollers, cylindrical rollers, pins, and steel balls. The company supplies its products to diverse industries such as textiles, automobiles, etc. across India. The company also exports rolling elements to international customers in Brazil, Argentina, UAE, etc.
SKP Bearing Industries Limited has also ventured into the power generation business by installing a windmill in the year 2012-2013 at Survey No. 646, vill: Seth Vadala, Taluka: Jamjodhpur, Jamnagar Forest Division, Gujarat with a commissioned capacity of 0.80 MW.
The company also has a solar plant situated at Survey No. 25/M., Village Rojhana, Teh: Baroda, Dist.: Agar, Madhya Pradesh, and other windmills situated at Survey No. 143/2, Village: Jamuniameena, P.H.N.-52, Mandsaur, Madhya Pradesh, and Village Rautwadi, Tal. Koregaon, District Satara, Maharashtra with a commissioned capacity of 0.63MW, 1.5 MW and 0.80 MW respectively for the generation and sale of power and electricity to various customers.
Competitive Strengths:
- One of the players in manufacturing of multiple rolling elements in India under single roof.
- Quality Assurance and Quality Control of the products.
- Wide and Stable customer base.
- Experienced management and dedicated employee base.
- Diversifying the product mix and increasing penetration in markets.
- Cost effective production and timely fulfilment of orders.
Company Promoters
Mr. Shrinand Kamlakar Palshikar and Ms. Sangita Shrinand Palshikar are the company promoters.IPO Details
| IPO Opening Date | Jun 30, 2022 |
| IPO Closing Date | Jul 05, 2022 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹70 per equity share |
| Market Lot | 2000 Shares |
| Min Order Quantity | 2000 Shares |
| Listing At | NSE SME |
| Issue Size | ₹30.80 Cr |
| Fresh Issue | 1,600,000 shares of ₹10 (aggregating up to ₹11.20 Cr) |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 1.49x | 0.54x | 1.02x | |
| Day 2 | - | - | 1.53x | 1.22x | 1.38x | |
| Day 3 | - | - | 1.72x | 2.82x | 2.27x | |
| Day 4 | - | - | 10.20x | 9.92x | 10.06x |
IPO Tentative Timetable
The SKP Bearing Industries Limited IPO open date is Jun 30, 2022, and the close date is Jul 05, 2022. The issue may list on Jul 13, 2022.
| IPO Open Date | Jun 30, 2022 |
| IPO Close Date | Jul 05, 2022 |
| Basis of Allotment Date | Jul 08, 2022 |
| Initiation of Refunds | Jul 11, 2022 |
| Credit of Shares to Demat Account | Jul 12, 2022 |
| IPO Listing Date | Jul 13, 2022 |
IPO Lot Size
The SKP Bearing Industries Limited IPO market lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹140000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 2000 | ₹140000 |
| Maximum | 1 | 2000 | ₹140000 |
IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73.49% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-20 | 5448.7 | 3258.18 | 812.47 |
| 31-Mar-21 | 5281.07 | 3709.29 | 745.6 |
| 05-Jan-22 | 5078.66 | 3444.35 | 940.41 |
Objects of the Issue:
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.
SKP Bearing Industries Limited IPO Registrar:
Bigshare Services Pvt Ltd
SKP Bearing Industries Limited IPO Lead Manager(s):
SHRENI SHARES PRIVATE LIMITED (Past IPO Performance)
Company Contact Information:
SKP Bearing Industries Limited
Survey No. 2127, Mulchand Road, Wadhwan 363 030,
Surendranagar
Gujarat
