SK International Export Limited is a manufacturer and exporter of beachwear and scarves. The company has both domestic and international presence (mainly in European countries such as the UK, US, Netherlands, Germany, Spain, and France). The product range of SK International includes headband, sarongs, shawls, scarves, bandanas and beachwear garments (of polyester, viscose, silk, wool and other qualities) for men and women.
| Bidding Dates |
|---|
| 28 Jun 2019 - 05 Jul 2019 |
| Subscription |
|---|
| 1.26x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,20,000 | 1 | 1 | 6000 | 2.0 M | ₹20 | 72.99 % | ₹39.6 M | RHP DOC |
SK Intl Export IPO SUBSCRIPTION STATUS
05 Jul '19SK Intl Export IPO overall subscription rate was 1.26 times the total available shares
SK Intl Export IPO retail subscription rate was 0.54 times in the retail segment
SK Intl Export IPO non-institutional investor subscription rate was 1.97 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
05 Jul 2019 (Day 6) | 0.54x | 1.97x | - |
03 Jul 2019 (Day 4) | 0.15x | 0.63x | - |
04 Jul 2019 (Day 5) | 0.25x | 1.6x | - |
28 Jun 2019 (Day 1) | 0.04x | 0.03x | - |
01 Jul 2019 (Day 2) | 0.07x | 0.13x | - |
02 Jul 2019 (Day 3) | 0.07x | 0.15x | - |
SK Intl Export FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from operations (Rs in millions) | Cash Flow from operations (Rs in millions) | Free Cash flow (Rs in millions) |
| 11MFY19 | 1.8 | 37.9 | -8.4 | -11.3 |
| FY18 | 15.3 | 84.4 | 12.4 | 4.7 |
| FY17 | 3.4 | 80.6 | -7.5 | -9.1 |
| FY16 | 1.1 | 88.8 | 16.4 | 14.8 |
SK Intl Export IPO SUBSCRIPTION STATUS DETAILS
SK Intl Export had 2.0 M shares on offer
SK Intl Export IPO offer price was ₹20
SK Intl Export IPO minimum Investment was ₹120000
SK Intl Export IPO issue size was ₹ 39.6 M
SK Intl Export had a minimum lot size of 6000 Shares per application
SK Intl Export NUMBER OF SHARES ON OFFER
SK Intl Export IPO IMPORTANT DATES
| Issue Open Date | 28 Jun 2019 |
| Issue close Date | 05 Jul 2019 |
| Allotment Date | 10 Jul 2019 |
| Refund Date | 11 Jul 2019 |
| Demat Account Credit Date | 12 Jul 2019 |
| Listing Date | 15 Jul 2019 |
| Listing on Exchange(s) | BSE |
| SK Intl Export Allotment Status | Exchange |
SK Intl Export IPO subscription opened on 28 Jun 2019, and closed on 05 Jul 2019
IPO allotment for SK Intl Export was finalized on Wednesday, 10 Jul 2019
IPO listing for SK Intl Export was on BSE on Monday, 15 Jul 2019
SK Intl Export IPO LISTING GAINS
| Issue Price (adjusted) | 20.0 |
| Listing Open Price | 19.2 |
| Listing Close Price | 20.0 |
| Listing Gain% | -4.0% |
| Current Gain% | 7.0% |
SK Intl Export Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SK International Export Ltd. | 21.4 | 15.7 | -52.9 | 0.5 | 6.9 | -4.4 | -4.4 | 2.3 | -58.6 | -0.3 | -113.7 | -0.4 | -113.7 |
| Lenskart Solutions Ltd. | 586.2 | 101915.1 | 206.5 | 11.6 | 5.6 | 3.4 | 8988.3 | 28.2 | 493.6 | 67 | 2.8 | ||
| Page Industries Ltd. | 38660 | 43121 | 56.5 | 11.9 | 8.2 | 50.8 | 26.7 | 5310.7 | 6.3 | 763.8 | 4.8 | 684.8 | 4.8 |
| Pearl Global Industries Ltd. | 2428.9 | 11219.2 | 36.2 | 1.5 | 2.1 | 19 | 8.6 | 5061.7 | 11.5 | 277.7 | 11.8 | 67.2 | 23.7 |
| Safari Industries (India) Ltd. | 1503.6 | 7350.5 | 44.5 | 4.1 | 3.5 | 15 | 11.6 | 2071.8 | 15.1 | 167.8 | 17.5 | 33.8 | 10.9 |
| Arvind Fashions Ltd. | 460.2 | 6152.1 | 51.5 | 0.1 | 1.1 | 13 | 2.9 | 5307 | 14 | 122.6 | 444.6 | 8.9 | 591.7 |
SK Intl Export INFORMATION ON IPO ISSUE
About SK Intl Export
SK International Export Limited is a manufacturer and exporter of beachwear and scarves. The company has both domestic and international presence (mainly in European countries such as the UK, US, Netherlands, Germany, Spain, and France). The product range of SK International includes headband, sarongs, shawls, scarves, bandanas and beachwear garments (of polyester, viscose, silk, wool and other qualities) for men and women.
Object of the Issue
- To meet the working capital requirements of the company
- General Corporate Purposes
- To meet the Issue Expenses
SK Intl Export - PROMOTERS
| Name |
|---|
| Shrawankumar P. Sadh |
| Hitesh Shrawankumar Sadh |
SK Intl Export Lead Manager
Finshore Management Services Limited
info@finshoregroup.com
SK Intl Export Registrar to the Offer
Karvy Fintech Private Limited
einward.ris@karvy.com
SK Intl Export Strengths
Rich management experience and skilledteam
The company has a strong management team with many years of hands-on experience in the industry. It has a rich workforce of skilled craftsmen, trained labour, and efficient management and a production unit equipped and expertise with the best employee that has led the organization on the path to success
Quality policy
Total customer satisfaction is always the guiding principle in providing an innovative Ready-made garment & accessories range to valued worldwide customers with a focus on product excellence
SK Intl Export Risks
Legal proceedings
The company is a party to certain legal proceedings
Negative cash flow
The company has experienced negative cash flows from our operating, investing and financing activities for a few years
Dependent upon few suppliers
The company is highly dependent upon a few suppliers for raw materials for its current manufacturing facilities.
IPO FAQs
The promoters of the company are Shrawankumar P. Sadh and Hitesh Shrawankumar Sadh.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 20.0 - 20.0.
The IPO application opens on Jun 28, 2019 and closes on Jul 05, 2019.
The minimum lot size for the IPO is 6000. The maximum lot size for the IPO is 6000.
For all category investors, the minimum application amount for this IPO is Rs. 120,000.0, the maximum value for this IPO is Rs 120,000.0.
This IPO will be allotted on Jul 10, 2019.
The refund will be credited to your account on Jul 11, 2019.
The allotted shares will be credited to your demat on Jul 12, 2019.
SK International Export Ltd.’s shares listed on the stock exchanges on Jul 15, 2019.