SKP bearing industries IPO manufactures needle rollers, cylindrical rollers, pins, and steel balls. The company supplies its products to diverse industries such as textiles, automobiles, etc. across India.
SKP bearing industries IPO – overview
| IPO Dates | 30 June – 5 July 2022 |
| IPO Price | INR 70 per share |
| Fresh issue | 1,600,000 shares (INR 11.20 crore) |
| Offer For Sale | 2,800,000 shares (INR 19.60 crore) |
| Total IPO size | 4,400,000 shares (INR 30.80 crore) |
| Minimum bid (lot size) | 2000 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge |
SKP bearing industries IPO – Tentative Dates
| IPO Offer Opening Date | 30 June 2022 |
| IPO Closing Date | 05 July 2022 |
| Finalisation of Basis of Allotment | 08 July 2022 |
| Initiation of refunds | 11 July 2022 |
| Transfer of shares to demat accounts | 12 July 2022 |
| IPO Listing Date | 13 July 2022 |
| Opening Price on NSE SME | Coming soon |
| Closing Price on NSE SME | Coming soon |
Company Overview
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.
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.
Objects of the Issue
- Meet working capital requirements.
- General corporate purposes.
Company Financials
| Particulars | 31- March -22 | 31-March -21 | 31-March -20 |
| Total Assets | 5078.66 | 5281.07 | 5448.7 |
| Total Revenue | 3444.35 | 3709.29 | 3258.18 |
| Profit After Tax | 940.41 | 745.6 | 812.47 |
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/
Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
Lead Manager(s)
- SHRENI SHARES PRIVATE LIMITED (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Track
