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	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