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.
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.
Competitive Strengths
- Rich management experience and skilled team
- Smooth flow of operations
- Well-defined organizational structure
- Existing Supplier Relationship
- Quality Policy
- Customer Centric Business Model
Company Promoters
- Mr. Shah Vimalkumar Mishrilal
- Mr. Hitesh Loonia
Company Financials
| Particulars | 31 March 2022 | 31 March 2021 | 31 March 2020 |
|---|---|---|---|
| Total Assets | 1242.25 | 457.8 | 1204.91 |
| Total Revenue | 9593.02 | 3255.72 | 1204.56 |
| Profit After Tax | 33.42 | 22.51 | 2.81 |
Object Of The Issue
- To meet the working capital requirements.
- To make the repayment of Unsecured Loan.
- To meet the Issue Expenses.
- General Corporate Purposes.
Scarnose International IPO – Details
| IPO Opening Date | 14 June 2022 |
| IPO Closing Date | 17 June 2022 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | ₹6.60 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹55 |
| Market Lot | 2000 Shares |
| Listing At | BSE SME |
| Register | Cameo Corporate Services Limited |
| Retail Shares Offered | 50% of the net offer |
| NII (HNI) Shares Offered | 50% of the net offer |
Scarnose International IPO – Date Schedule
| IPO Open Date | 14 June 2022 |
| IPO Close Date | 17 June 2022 |
| Basis of Allotment Date | 22 June 2022 |
| Initiation of Refunds | 23 June 2022 |
| Credit of Shares to Demat Account | 24 June 2022 |
| IPO Listing Date | 27 June 2022 |
Scarnose International IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Minimum | 1 | 2000 | 1,10,000 |
| Maximum | 1 | 2000 | 1,10,000 |
Scarnose International IPO Promoter Holding
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding | 61.90% |
Scarnose International IPO Prospectus
Company Contact Information
| Scarnose International Limited 503, Sun Square, Nr Hotel Nest, Off C. G. Road, Navrangpura, Ahmedabad – 380006, Phone: 079 – 4897 5503 Email: compliance@scarnose.com Website: https://scarnose.com/ |
Scarnose International IPO Registrar
| Cameo Corporate Services Limited Phone: +91-44-28460390 Email: investor@cameoindia.com Website: https://online.cameoindia.com/ |
Scarnose International IPO Lead Manager(s)
| 1. Finshore Management Services Limited |
Scarnose International IPO FAQs
| What is Scarnose International IPO? Scarnose International IPO is a SME IPO. The issue is priced at ₹55 per equity share. The IPO is to be listed on BSE SME. |
| When Scarnose International IPO will open? The IPO is to open on 14 June 2022 for NII and Retail Investors. |
| What is Scarnose International IPO Investors Portion? The investors’ portion for NII-50%, and Retail 50%. |
| How to Apply the Scarnose International IPO? You can apply Scarnose International 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 Scarnose International IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Scarnose International”. 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 Scarnose International IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Scarnose International”. 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 Scarnose International IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Scarnose International”. 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 Scarnose International IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Scarnose International”. 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 Scarnose International IPO Size? Scarnose International IPO size is ₹6.60 crores. |
| What is Scarnose International IPO Price Band? Scarnose International IPO Price Band is ₹55. |
| What is Scarnose International IPO Minimum and Maximum Lot Size? The minimum bid is 2000 Shares with ₹1,10,000 amount while the maximum bid is 2000 shares with ₹1,10,000. |
| What is the Scarnose International IPO Allotment Date? Scarnose International IPO allotment date is 22 June 2022. |
| What is the Scarnose International IPO Listing Date? Scarnose International IPO listing date is 27 June 2022. The IPO is to list on BSE SME. |
