Scarnose International Limited IPO

BSE SME

Listed On: Jun 27, 2022 at ₹ 55.50

₹ 110000 /2000 Shares

Check Allotment

IPO Details

14 Jun, 2022

Open Date

17 Jun, 2022

Close Date

23 Jun, 2022

Allotment Date

27 Jun, 2022

Listing Date

Issue Price

₹55 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE SME

Registrar

Cameo Corporate Services Limited

List Price

55.50

Listing Date

2022-06-27

Market Lot

2000 Shares (₹110,000/-)

Lead Manager

Finshore Management Services Limited

Issue Size

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)

Retail Portion

N/A

Subscription

2.21 times

IPO Docs

DRHP RHP

IPO Subscription 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

Earnings Per Share (EPS)

₹1.76/-

P/E Ratio

31.17

RoNW

9.86%

Net Asset Value (NAV) - Post Issue

₹17.38/-

Company Financials All values are in ₹ Cr.

	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 The 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)

Pre Issue Share Holding: 99.99%

Post Issue Share Holding: 61.90%

Company Promoter(s)

Mr. Shah Vimalkumar Mishrilal
Mr. Hitesh Loonia

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. 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 IPO price band is set between ₹55 per equity share.

Ans. To apply for Scarnose International Limited IPO 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 allotment status for Scarnose International Limited IPO here.