SKP Bearing Industries Limited manufactures needle rollers, cylindrical rollers, pins, and steel balls. The company supplies its products to diverse industries such as textiles, automobiles, etc. across India. The company also exports rolling elements to international customers in Brazil, Argentina, UAE, etc. SKP Bearing Industries Limited has also ventured into the power generation business by installing a windmill in the year 2012-2013 at Survey No. 646, vill: Seth Vadala, Taluka: Jamjodhpur, Jamnagar Forest Division, Gujarat with a commissioned capacity of 0.80 MW. The company also has a solar plant situated at Survey No. 25/M., Village Rojhana, Teh: Baroda, Dist.: Agar, Madhya Pradesh, and other windmills situated at Survey No. 143/2, Village: Jamuniameena, P.H.N.-52, Mandsaur, Madhya Pradesh, and Village Rautwadi, Tal. Koregaon, District Satara, Maharashtra with a commissioned capacity of 0.63MW, 1.5 MW and 0.80 MW respectively for the generation and sale of power and electricity to various customers. Competitive Strengths:
- One of the players in manufacturing of multiple rolling elements in India under single roof.
- Quality Assurance and Quality Control of the products.
- Wide and Stable customer base.
- Experienced management and dedicated employee base.
- Diversifying the product mix and increasing penetration in markets.
- Cost effective production and timely fulfilment of orders.
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-19 | 4358.36 | 4081.15 | 992.64 |
| 31-Mar-20 | 5448.7 | 3258.18 | 812.47 |
| 31-Mar-21 | 5281.07 | 3709.29 | 745.6 |
| 05-Jan-22 | 5078.66 | 3444.35 | 940.41 |
| Amount in ₹ Lakhs |
Objects of the Issue
The Company proposes to utilize the Net Proceeds from the Offer towards funding the following objects:
1. Funding working capital requirements.
2. General corporate purposes.
SKP Bearing Industries IPO Details
| SKP Bearing Industries IPO Date | Jun 30, 2022 to Jul 5, 2022 |
| SKP Bearing Industries IPO Face Value | ₹10 per share |
| SKP Bearing Industries IPO Price | ₹70 per share |
| SKP Bearing Industries IPO Lot Size | 2000 Shares |
| Issue Size | 4,400,000 shares of ₹10 (aggregating up to ₹30.80 Cr) |
| Fresh Issue | 1,600,000 shares of ₹10 (aggregating up to ₹11.20 Cr) |
| Offer for Sale | 2,800,000 shares of ₹10 (aggregating up to ₹19.60 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Retail Shares Offered | 50% of the net offer |
| NII (HNI) Shares Offered | 50% of the net offer |
| Company Promoters | Mr. Shrinand Kamlakar Palshikar and Ms. Sangita Shrinand Palshikar are the company promoters. |
SKP Bearing Industries IPO Timeline
SKP Bearing Industries IPO opens on Jun 30, 2022, and closes on Jul 5, 2022. The SKP Bearing Industries IPO bid date is from Jun 30, 2022 10.00 A.M. to Jul 5, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.
| Event | Date |
|---|---|
| SKP Bearing Industries IPO Opening Date | Jun 30, 2022 |
| SKP Bearing Industries IPO Closing Date | Jul 5, 2022 |
| Basis of Allotment | Jul 8, 2022 |
| Initiation of Refunds | Jul 11, 2022 |
| Credit of Shares to Demat | Jul 12, 2022 |
| SKP Bearing Industries IPO Listing Date | Jul 13, 2022 |
SKP Bearing Industries IPO Lot Size
The SKP Bearing Industries IPO lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹140,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 2000 | ₹140,000 |
| Maximum | 1 | 2000 | ₹140,000 |
SKP Bearing Industries IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73.49% |
SKP Bearing Industries IPO Review
SKP has posted mind-boggling results so far with attractive margins. But none of the peers enjoys such margins. Based on its current earnings, the issue is fully priced. The sustainability of present margins is a major concern. Risk seeker/cash surplus/well-informed investors may consider an investment with a long-term perspective. Read detail review…
SKP Bearing Industries IPO Subscription Status (Bidding Detail)
The SKP Bearing Industries IPO is subscribed 1.67 times on Jul 4, 2022 11:04:00 AM. The public issue subscribed 1.71 times in the retail category, times in the QIB category, and 1.62 times in the NII category. Check Day by Day Subscription Details (Live Status) Reload Subscription
| Category | Subscription (times) |
|---|---|
| NII | 1.62 |
| Retail | 1.71 |
| Total | 1.67 |
SKP Bearing Industries IPO Prospectus
Company Contact Information
SKP Bearing Industries Limited
Survey No. 2127,
Mulchand Road, Wadhwan 363 030,
Surendranagar
Phone: +91 98242 31243
Email: info@skpbearings.com
Website: https://www.skpbearings.com/
SKP Bearing Industries IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com