Scarnose International Limited IPO
BSE SMEListed On: Jun 27, 2022 at ₹ 55.50
₹ 220000 /4000 Shares
*Min Investment
14 Jun, 2022
Open Date17 Jun, 2022
Close Date23 Jun, 2022
Allotment Date27 Jun, 2022
Listing DateIPO Issue Details
- Issue Price ₹55 per equity share
- Face Value ₹10 Per Equity Share
- Issue Price 1,200,000 shares of ₹10 (aggregating up to ₹6.60 Cr)
#Fresh Issue: 1,200,000 shares of ₹10 (aggregating up to ₹6.60 Cr) - Listing at BSE SME
- List Price 55.50
- Listing Date 2022-06-27
- Lead Manager Finshore Management Services Limited
- Registrar Cameo Corporate Services Limited
IPO Details
- Retail Portion N/A
IPO Details
Scarnose International Limited IPO is an SME IPO, priced at ₹55 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the BSE SME platform.
The IPO bidding window is open from Jun 14, 2022 to Jun 17, 2022. The allotment is expected to be finalized on Jun 23, 2022, and the tentative listing date is Jun 27, 2022.
The registrar of the IPO is Cameo Corporate Services Limited, and
IPO Subscription Analysis And Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 570,000 | 570,000 | 1,140,000 |
Day 1 14-06-22 05:00 PM | 0.44 x | 0.58 x | 0.51 x |
Day 2 15-06-22 05:00 PM | 0.54 x | 0.92 x | 0.73 x |
Day 3 16-06-22 05:00 PM | 1.15 x | 1.27 x | 1.21 x |
Day 4 17-06-22 05:00 PM | 2.09 x | 2.33 x | 2.21 x |
Valuations
Company Financials
| 31-Mar-22 | 31-Mar-21 | 30-Mar-20 | |
|---|---|---|---|
| Assets | 12.42 | 4.57 | 12.04 |
| Revenue | 95.93 | 32.55 | 12.04 |
| Profit After Tax | 0.33 | 0.23 | 0.028 |
About Company
Scarnose International Limited manufactures and trades agricultural commodities such as cotton trading, garment manufacturing, yarn trading, and fabric trading. The company has a network of printing, weaving, and stitching units. Scarnose International procures cotton bales from different generous and offers the best quality cotton bales to the principal markets of India. Scarnose International Limited's product portfolio includes raw cotton, cotton bales, yarn and garments for ladies.
The company started manufacturing ladies' dress materials, particularly Kurtis, through an outsourcing model in the financial year 2021 and selling them under their domestic brand "Scarnose".
The company buys raw materials from a variety of suppliers, such as embroidered fabric accessories, fasteners, buttons, labels, laces, and other consumables, and then the manufacturing facility begins cutting, sewing, finishing and ironing them into finished products.
- Promoter(s)
Mr. Shah Vimalkumar Mishrilal
Mr. Hitesh Loonia
Pre Issue Share Holding : 99.99%
Post Issue Share Holding : 61.90%
IPO - Issue Objectives
To meet the working capital requirements.
To make the repayment of Unsecured Loan.
To meet the Issue Expenses.
General Corporate Purposes.
IPO - FAQs
Ans. Scarnose International Limited IPO is a SME IPO. The issue is priced at ₹55 per equity share. The minimum order quantity is 2000 Shares. The IPO opens on Jun 14, 2022, and closes on Jun 17, 2022. Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Ans. The Scarnose International Limited IPO opens on Jun 14, 2022 and closes on Jun 17, 2022.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Scarnose International Limited IPO is 1,200,000 shares of ₹10 (aggregating up to ₹6.60 Cr) #Fresh Issue: 1,200,000 shares of ₹10 (aggregating up to ₹6.60 Cr).
Ans. The Scarnose International Limited IPO price band is set between ₹55 per equity share.
Ans. To apply for Scarnose International Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Scarnose International Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Scarnose International Limited IPO is Jun 23, 2022.
Ans. The Scarnose International Limited IPO will be listed on Jun 27, 2022.
Ans. Follow the steps to check the Scarnose International Limited IPO allotment status online.
