SK International IPO

SK International IPOSK International IPO description - SK International was established in year 1991 as partnership firm in international exports of scarves and beachwear. The company mainly caters to European market i.e. Spain, Germany, France, Netherlands, UK and started selling in US market since 2018 onwards and also entered into the domestic market. The company makes women and mens apparels like scarves, shawls, sarongs, headband & bandanas and Beachwear garments in all qualities like silk, viscose, cotton, polyester & wool and several blends.

From 2018, the company entered into manufacturing for several retail brands in the domestic market by creating new designs as per local market for its main core product scarves. It also entered in the ethnic wear category by developing trendy duppatas at affordable prices.

It has also entered into the Kids segment with its own domestic brand Sand Kastle for Beachwear/Holiday wear garments, and fashion accessories. Its raw material sourcing is from all over India thus sourcing provides a huge variety of fabrics and trims at best possible prices thus keeping our costs low. The company has in-house production facilities like sewing, cutting, ironing, finishing, quality control, packing & dispatch. A major portion of its product is manufactured at in-house factory at Virar (Palghar).

SK International promoters – Mr Shrawankumar P Sadh and Mr Hitesh Shrawankumar Sadh
SK International - Upcoming IPO details
Subscription Dates28 June - 5 July 2019
IPO Price bandINR20 per share
Fresh issue 1,980,000 shares (INR3.96 crore)
Offer for sale Nil
Total IPO size1,980,000 shares (INR3.96 crore)
Minimum bid (lot size)6,000 shares
Face Value INR10 per share
Retail Allocation50%
Listing OnBSE SME platform
SK International IPO: Use of funds
  • Working capital requirements - INR3.01 crore
  • General corporate purposes - INR0.70 crore
  • Issue Expenses - INR0.25 crore
SK International Export's financial performance (in INR crore)
FY2016FY2017FY201810M FY2019
Total revenue9.359.399.664.03
Total expenses9.238.928.903.80
Profit after tax0.110.341.530.18
SK International Contact Details

SK International Export Limited 
78, Ground, A2, Shah & Nahar Industrial Estate
Sitaram Jadhav Marg, Lower Parel
Mumbai – 400013

Phone: +91 022 6660 6450
Email: [email protected]
Website: www.skinternational.in

SK International IPO Subscription Details
DaySubscription (no. of times)
Day 1

0.03

Day 2

0.09

Day 3

0.10

Day 4

0.37

Day 5

0.87

Day 61.19

 

SK International Valuation (For FY2018)

Earnings Per Share (EPS): INR2.96

Price/Earnings (P/E) ratio: 6.76

Return on Net Worth (RONW): 36.96%

Net Asset Value (NAV): INR8.01 per share

Registrar of SK International IPO

Karvy Fintech Private Limited
Karvy Selenium Tower B, Plot 31-32,
Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana

Phone: +91 40 6716 2222 
Fax:
 +91 40 2343 1551 
Email:
[email protected]
Website: www.karvycomputershare.com

SK International IPO Allotment Status

SK International IPO allotment status is now available on Karvy website. Click on this link to get allotment status.

Listing performance of SK International

IPO Opening Date: 28 June 2019

IPO Closing Date: 5 July 2019

Listing Date: 15 July 2019

Listing Price on BSE SME: INR19.2 per share (down 4% from IPO price)

Closing Price on BSE SME: INR20 per share (no change from IPO price)

 

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