SKP Bearing Industries IPO Date, Lot Size and Price

SKP Bearing Industries IPO Details: The IPO for SKP Bearing Industries will begin on June 30, 2022, and end on July 5, 2022. According to the face value of one rupee, the corporation set the price of this IPO at Rs. 70. Through this IPO and the sale of 44,00,000 equity shares, the company would raise Rs. 30.80 Crores. A new issuance worth Rs. 11.20 crore and an offer for sale worth Rs. 19.60 crore would be included in the IPO. Additionally, the deal is a Fixed Price Issue.

SKP Bearing Industries IPO

SKP Bearing Industries IPO Date

SKP Bearing Industries IPO opens on Jun 30, 2022, and closes on Jul 5, 2022. The IPO bid period for SKP Bearing Industries runs from June 30, 2022, from 10:00 A.M., until July 5, 2022, at 5:00 P.M. The UPI Mandate confirmation deadline is 12 PM on the day after the issue’s closing day.

SKP Bearing Industries IPO Price

The SKP Bearing Industries IPO price band is fixed at Rs. 70 with a market lot of 2000 shares. SKP has thus far reported astounding outcomes with favourable margins. However, none of the peers have such advantages. The issue is fully priced based on its present earnings. The viability of the current margins is of great concern. Risk-takers, people with extra funds, and informed investors should think about making an investment with a long-term perspective.

SKP Bearing Industries IPO Lot Size

The lot size for the SKP Bearing Industries IPO is 2000 shares. One lot may be requested by a retail individual investor (2000 shares or Rs. 140,000).

SKP Bearing Industries IPO Issue Size

Modi’s Navnirman is a BSE SME IPO to raise Rs. 30.80 crores via IPO. The Modi’s Navnirman IPO price band is fixed at Rs. 70 with a market lot of 2000 shares.

SKP Bearing Industries IPO Allotment Date and Listing Date

The IPO for SKP Bearing Industries will open on 30 Jun 2022, and IPO close date is 5 Jul 2022. The SKP Bearing Industries IPO Allotment Date is 8 Jul 2022. The IPO Listing Date of SKP Bearing Industries IPO is 13 Jul 2022.

SKP Bearing Industries IPO Details

IPO Opening DateJun 30, 2022
IPO Closing DateJul 5, 2022
Price BandRs. 70 per share
Lot Size2000 Shares
Issue Size (Rs. Cr.)4,400,000 shares of Rs. 10 (aggregating up to Rs. 30.80 Cr)
Fresh Issue1,600,000 shares of Rs. 10 (aggregating up to Rs. 11.20 Cr)
Offer for Sale2,800,000 shares of Rs.10 (aggregating up to Rs. 19.60 Cr)
Face ValueRs. 10 per share
Issue TypeFixed Price Issue IPO
Retail Shares Offered50% of the net offer
NII (HNI) Shares Offered50% of the net offer
Basis of Allotment DateJul 8, 2022
Initiation of RefundsJul 9, 2022
Credit of Shares to Demat AccountJul 12, 2022
SKP Bearing Industries IPO Listing DateJul 13, 2022

About SKP Bearing Industries Limited IPO

Steel balls, pins, needle rollers, and cylindrical rollers are all produced by SKP Bearing Industries Limited. In India, the company provides its goods to a variety of industries including the textile and automotive sectors. The business also distributes rolling components to foreign clients in countries like Brazil, Argentina, the UAE, etc.

By constructing a windmill with a 0.80 MW commissioned capacity in Survey No. 646, vill: Seth Vadala, Taluka: Jamjodhpur, Jamnagar Forest Division, Gujarat, SKP Bearing Industries Limited also entered the power generation industry.

Additionally, the company has windmills and solar plants with commissioned capacities of 0.63 MW, 1.5 MW, and 0.80 MW located in Survey No. 143/2, Village Jamuniameena, P.H.N.-52, Mandsaur, Madhya Pradesh, and Village Rautwadi, Tal. Koregaon, District Satara, Maharashtra, respectively, for the generation and sale of power and electricity to various customers.

One of the manufacturers of various rolling components in India with a single facility. The items’ quality assurance and control. Broad and dependable customer base seasoned leadership and a loyal workforce. Boosting market penetration and varying the product mix. Fast order fulfilment and cost-effective production.

Promoters of SKP Bearing Industries IPO

The company’s promoters are Mr. Shrinand Kamlakar Palshikar and Ms. Sangita Shrinand Palshikar.

SKP Bearing Industries IPO FAQs

What is SKP Bearing Industries IPO?

A SME IPO with 4,400,000 equity shares with a face value of Rs. 10 and a total value of up to Rs. 30.80 crores is called SKP Bearing Industries IPO.

The price per share for the issuance is Rs. 70. 2000 Shares are the required minimum order quantity. The IPO starts on June 30, 2022, and ends on July 5, 2022.

The IPO’s registrant is Bigshare Services Pvt Ltd. It is proposed that the shares list on NSE SME.

When SKP Bearing Industries IPO will open?

The IPO for SKP Bearing Industries starts on June 30 and ends on July 5, 2022.

What is the lot size of SKP Bearing Industries IPO?

The minimum order quantity for the SKP Bearing Industries first public offering is 2000 shares.

How to apply for SKP Bearing Industries IPO?

You can apply for the SKP Bearing Industries Initial Public Offering (IPO) online utilising UPI or ASBA as a payment option. The ASBA IPO application can be found in your bank account’s net banking. Brokers who do not provide banking services provide the UPI IPO application.

When SKP Bearing Industries IPO allotment?

On July 8, 2022, the basis of allotment for the IPO of SKP Bearing Industries will be finalised, and on July 12, 2022, the allotted shares will be credited to your Demat account.

When is SKP Bearing Industries IPO listing date?

The SKP Bearing Industries IPO listing date is 13 July 2022. The tentative date of SKP Bearing Industries IPO listing is 13 July 2022.

Who is the registrar of SKP Bearing Industries IPO?

Bigshare Services Pvt Ltd is the registrar for SKP Bearing Industries IPO.

What is SKP Bearing Industries IPO Price Band?

SKP Bearing Industries IPO price band is Rs. 70 per equity share.