SKP Bearing Industries Limited manufactures needle rolls, cylindrical rolls, pins, and steel balls. The company supplies its products to various industries such as textiles, automobiles, etc. throughout India. The company also exports high quality overseas customers to Brazil, Argentina, UAE, etc.
SKP Bearing Industries Limited re-entered the power generation business by installing a windmill for the year 2012-2013 in Survey No. 646, vill: Seth Vadala, Taluka: Jamjodhpur, Jamnagar Forest Division, Gujarat with an operating capacity of 0.80 MW.
The company also owns solar panels found in Survey No. 25 / M., Village Rojhana, Teh: Baroda, Dist .: Agar, Madhya Pradesh, and other windmills found in Survey No. 143/2, Village: Jamuniameena, P.H.N.- 52, Mandsaur, Madhya Pradesh, and Village Rautwadi, Tal. Koregaon, District Satara, Maharashtra with a power of 0.63MW, 1.5 MW and 0.80 MW respectively to produce and sell 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 Promoters
- Mr. Shrinand Kamlakar Palshikar
- Ms. Sangita Shrinand Palshikar
Company Financials
| Particulars | 05 Jan 2022 | 31 March 2021 | 31 March 2020 | 31 March 2019 |
|---|---|---|---|---|
| Total Assets | 5078.66 | 5281.07 | 5448.7 | 4358.36 |
| Total Revenue | 3444.35 | 3709.29 | 3258.18 | 4081.15 |
| Profit After Tax | 940.41 | 745.6 | 812.47 | 992.64 |
Object Of The Issue
- Funding working capital requirements.
- General corporate purposes.
SKP Bearing Industries IPO – Details
| IPO Opening Date | 30 June 2022 |
| IPO Closing Date | 05 July 2022 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | ₹30.80 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹70 |
| Market Lot | 2000 Shares |
| Min Order | 2000 Shares |
| Listing At | NSE SME |
| Register | Bigshare Services Pvt Ltd |
| Retail Shares Offered | 50% of the net offer |
| NII (HNI) Shares Offered | 50% of the net offer |
SKP Bearing Industries IPO – Date Schedule
| IPO Open Date | 30 June 2022 |
| IPO Close Date | 05 July 2022 |
| Basis of Allotment Date | 08 July 2022 |
| Initiation of Refunds | 11 July 2022 |
| Credit of Shares to Demat Account | 12 July 2022 |
| IPO Listing Date | 13 July 2022 |
SKP Bearing Industries IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Minimum | 1 | 2000 | 1,40,000 |
| Maximum | 1 | 2000 | 1,40,000 |
SKP Bearing Industries IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73.49% |
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 |
SKP Bearing Industries IPO Lead Manager(s)
| 1. SHRENI SHARES PRIVATE LIMITED |
SKP Bearing Industries IPO FAQs
| What is SKP Bearing Industries IPO? SKP Bearing Industries IPO is a SME IPO. The issue is priced at ₹70 per equity share. The IPO is to be listed on NSE SME. |
| When SKP Bearing Industries IPO will open? The IPO is to open on 30 June 2022 for NII and Retail Investors. |
| What is SKP Bearing Industries IPO Investors Portion? The investors’ portion for NII-50%, and Retail 50%. |
| How to Apply the SKP Bearing Industries IPO? You can apply SKP Bearing Industries IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the SKP Bearing Industries IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “SKP Bearing Industries”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the SKP Bearing Industries IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “SKP Bearing Industries”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the SKP Bearing Industries IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “SKP Bearing Industries”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the SKP Bearing Industries IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “SKP Bearing Industries”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is SKP Bearing Industries IPO Size? SKP Bearing Industries IPO size is ₹30.80 crores. |
| What is SKP Bearing Industries IPO Price Band? SKP Bearing Industries IPO Price Band is ₹70. |
| What is SKP Bearing Industries IPO Minimum and Maximum Lot Size? The minimum bid is 2000 Shares with ₹1,40,000 amount while the maximum bid is 2000 shares with ₹1,40,000. |
| What is the SKP Bearing Industries IPO Allotment Date? SKP Bearing Industries IPO allotment date is 08 July 2022. |
| What is the SKP Bearing Industries IPO Listing Date? SKP Bearing Industries IPO listing date is 13 July 2022. The IPO is to list on NSE SME. |
