IPO

IPO Synopsis
SKP Bearing Industries Ltd
Registered Office: Survey No 2127 Mulchand Road,Wadhwan , Surendranagar - 363030 , Gujarat , India.
Phone : 91-98242 31243   Fax:
Email :  info@skpbearings.com  
Website :  www.skpbearings.com
Initial public offering of 44,00,000 equity shares of face value of Rs. 10 each ("Equity Shares") of SKP Bearing Industries Limited ("SKP" or "The Company" or "The Issuer") for cash at a price of Rs. 70 per equity share (including a premium of Rs. 60 per equity share) ("Offer Price") aggregating Rs. 30.80 crores comprising of fresh offer of 16,00,000 equity shares aggregating to Rs. 11.20 crores ("Fresh Offer") and an offer for sale of 28,00,000 equity shares by Mr. Shrinand Kamlakar Palshikar and Ms. Sangita Shrinand Palshikar ("Selling Shareholders") aggregating to Rs. 19.60 crores ("Offer for Sale") ("The Offer") of which 2,20,000 equity shares aggregating to Rs. 1.54 crores will be reserved for subscription by market maker ("Mmarket Maker Reservation Portion"). The offer less the market maker reservation portion i.e. offer of 41,80,000 equity shares of face value of Rs. 10 each at an offer price of Rs. 70 per equity share aggregating to Rs. 29.26 crores ("Net Offer"). The offer and the net offer will constitute 26.51% and 25.18% of the post-offer paid-up equity share capital of the company. The face value of the equity shares is Rs. 10 each and the offer price is 7 times of the face value.

Issue Money Payable On
Opens On Closes On Application Allotment
30-Jun-22 05-Jul-22 Rs70.00-0.00 Rs0.00-0.00
Minimum Application for shares in Nos :2000  Further Multiples of :2000

  Rs Cr Lead Managers to the Issue
Project Cost 10.95
Shreni Shares Pvt Ltd
Project Financed through Current Offer 30.80  
Post Issue Equity Share Capital 16.60  
Issue Price Rs70.00  
 
Projects
Funding working capital requirementsGeneral corporate purposes
Promoted By
Shrinand Kamlakar Palshikar
Sangita Shrinand Palshikar
Listing At
NSE - SME 
Registrar to the Issue
Bigshare Services Pvt Ltd