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 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 Date||Jun 30, 2022|
|IPO Closing Date||Jul 5, 2022|
|Price Band||Rs. 70 per share|
|Lot Size||2000 Shares|
|Issue Size (Rs. Cr.)||4,400,000 shares of Rs. 10 (aggregating up to Rs. 30.80 Cr)|
|Fresh Issue||1,600,000 shares of Rs. 10 (aggregating up to Rs. 11.20 Cr)|
|Offer for Sale||2,800,000 shares of Rs.10 (aggregating up to Rs. 19.60 Cr)|
|Face Value||Rs. 10 per share|
|Issue Type||Fixed Price Issue IPO|
|Retail Shares Offered||50% of the net offer|
|NII (HNI) Shares Offered||50% of the net offer|
|Basis of Allotment Date||Jul 8, 2022|
|Initiation of Refunds||Jul 9, 2022|
|Credit of Shares to Demat Account||Jul 12, 2022|
|SKP Bearing Industries IPO Listing Date||Jul 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.