Scarnose International IPO manufactures and trades agricultural commodities such as cotton trading, garment manufacturing, yarn trading, and fabric trading.
Scarnose International IPO-overview
| IPO Dates | 14-17 June 2022 |
| IPO Price | INR 55 per share |
| Fresh issue | 1,200,000 shares (INR 6.60 crore) |
| Offer For Sale | Nil |
| Total IPO size | 1,200,000 shares (INR 6.60 crore) |
| Minimum bid (lot size) | 2000 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | BSE Emerge |
Scarnose International IPO – Tentative Dates
| IPO Offer Opening Date | 14 June 2022 |
| IPO Closing Date | 17 June 2022 |
| Finalization of Basis of Allotment | 22 June 2022 |
| Initiation of refunds | 23 June 2022 |
| Transfer of shares to demat accounts | 24 June 2022 |
| IPO Listing Date | 27 June 2022 |
| Opening Price on BSE SME | Coming soon |
| Closing Price on BSE SME | Coming soon |
Company Overview
Incorporated in 2011, 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.
Strengths:
- Rich management experience and skilled team
- Smooth flow of operations
- Well-defined organizational structure
- Existing Supplier Relationship
- Customer Centric Business Model
Objects of the Issue
- To meet the working capital requirements.
- To make the repayment of Unsecured Loan.
- To meet the Issue Expenses.
- General Corporate Purposes.
Company Financials
| Particulars | 31- March -22 | 31-March -21 | 31-March -20 |
| 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 |
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/
Registrar
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/
Lead Manager(s)
- Finshore Management Services Limited (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
