SKS Textiles IPO is all about to make its debut on 9 Jan 2018 with issue size of INR 13.32 Cr
S K S Textiles Limited, a Mumbai-based company with ISO 9000:2015 certification and a history of textile manufacturing and trading, was founded in 1997. Grey textiles and completed fabrics for shirts, suits, and other accessories are produced by SKS Textiles for its own brand as well as on an outsourcing basis for other fabric and apparel businesses.
Under the trade names Pierricarlo, Cotbbelly’s, and Earthen Belly, the company manufactures a variety of textiles including 100% Cotton – Lycra and Non-Lycra, Blended Cotton Suiting Chief Value Cotton, Polyester Cotton, 100% Cotton Yarn Dyed, Polyester Viscose, Terry Rayon Suiting, and Mock Linen. For corporate brands like Raymond, Arvind, Siyaram’s, Digjam Limited, etc., the company also accepts corporate orders for finished fabrics and grey fabrics.
INDUSTRY OVERVIEW
The textile industry in India has a long history that spans many centuries, and it continues to play a vital role in the economy of the nation. One of the biggest employers in the nation, it contributes 15% of all exports from India and employs 68 million people indirectly while directly employing 51 million. The industry is split into two parts: the unorganised sector, which uses conventional tools and processes, and the organised sector, which uses cutting-edge equipment and methods. By 2023, the Indian textile sector is projected to generate US$ 226 billion, or 4% of India’s GDP, and 14% of the total Index of Industrial Production (IIP), with the ability to create a wide range of goods fit for various market segments.
SKS Textiles IPO Details
| IPO Date | Jan 9, 2018 to Jan 11, 2018 |
| Listing Date | Jan 19, 2018 |
| Face Value | ₹10 per share |
| Price | ₹150 per share |
| Lot Size | 1000 Shares |
| Total Issue Size | 888,000 shares(aggregating up to ₹13.32 Cr) |
| Fresh Issue | 438,000 shares(aggregating up to ₹6.57 Cr) |
| Offer for Sale | 450,000 shares of ₹10(aggregating up to ₹6.75 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
Company Financials
| FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | H1 FY2018 | |
| Total revenue | 112.9 | 120.4 | 131.8 | 147.8 | 158.7 | 75.2 |
| Total expenses | 111.4 | 118.8 | 130.2 | 145.2 | 156.1 | 73.5 |
| Profit after tax | 0.8 | 1.1 | 1.1 | 1.4 | 1.6 | 1.1 |
Objects of the Issue
The Offer comprises a Fresh Issue by the Company and an Offer for Sale by the Selling Shareholders.
The Offer for Sale
Our Company will not receive any proceeds of the Offer for Sale by the Selling Shareholders.
The Fresh Issue
The Objects of the Fresh Issue is to raise funds for:
(a) Funding Long Term Working Capital Requirement; and
(b) Funding expenditure for General Corporate Purposes.
SKS Textiles IPO Prospectus
Company Contact Information
S K S Textiles Limited
Gala No. 431, Kewal Industrial Estate,
4th Floor, Senapati Bapat Marg,
Lower Parel (West), Mumbai 400 013
Phone: 022 6120 6222
Email: info@groupsks.com
Website: http://www.groupsks.com
SKS Textiles IPO Registrar
Sharex Dynamic (India) Pvt Ltd
Phone: +91- 22 – 2851 5606
Email: sharexindia@vsnl.com
Website: http://www.sharexindia.com
SKS Textiles IPO Lead Manager(s)
- Aryaman Financial Services Limited (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
