SKP Bearing IPO Guidance & Details

Listing Trend for SKP Bearing IPO :
Listing on 13 July 2022 ,Issue Price Rs. 70
Opened : Rs. 73
High : Rs. 74.50
Low :Rs. 73.50
Closed : Rs. 72.45

Grey Market News for SKP Bearing IPO  :
On 12 July 2022 @ 7.00 pm
Subject to Rates# :  Rs. 4000
GMP Rates :  Rs. 2
Subscription Trend
On 5 July 2022 @ 5.00 pm
NII (50%) 20,90,000 Sh : 10.20 T
RII (50%) 20,90,000 Sh : 9.92 T
Tot 41,80,000 Sh : 10.06 T

SKP Bearing IPO Guidance Details
IPO Date Jun 30, 2022 to Jul 5, 2022
IPO Face Value Rs 10 per share
IPO Price Rs 70 per share
IPO Lot Size 2000 Shares
Issue Size 4,400,000 shares of Rs 10
(aggregating up to Rs 30.80 Cr)
Fresh Issue 1,600,000 shares of Rs 10
(aggregating up to Rs 11.20 Cr)
Offer for Sale 2,800,000 shares of Rs 10
(aggregating up to Rs 19.60 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Retail Shares Offered 50% of the net offer
NII (HNI) Shares Offered 50% of the net offer

Retail Quota : 50 % (   20,90,000 Shares)
Minimum  2000 Rs 140,000
Maximum  2000 Rs 140,000
Retail : 1045 Applications required for one time subscriptions.

SKP Bearing IPO Guidance Timetable 
IPO Opening Date Jun 30, 2022
IPO Closing Date Jul 5, 2022
Basis of Allotment Jul 8, 2022
Initiation of Refunds Jul 11, 2022
Credit of Shares to Demat Jul 12, 2022
SKP Bearing Industries IPO Listing Date Jul 13, 2022

SKP Bearing IPO Guidance Business :

SKP Bearing Industries is a manufacturer of needle rollers, cylindrical rollers, pins and steel balls (“Rolling Elements”) and are one of the players in the list of finished roller manufacturers in India. Over the years it has developed expertise and upgraded its technology by adding several automatic and imported machineries and equipment to the plant, which has helped it boost its production capacity and the quality of its products.
It supplies these rolling elements across India to reputed bearing manufactures and OEMs in domestic market in diverse industries such as textile, automobile, etc. It is also exporter of rolling elements which cater the requirements of international customers in Brazil, Argentina, UAE, etc.

Over the years, it has also ventured into power generation business by installing wind mill in
year 2012-2013 with a commissioned capacity of 0.80 MW and is currently used for its captive consumption.

It also has solar plant situated at Survey No. 25/M., Village Rojhana, Teh: Baroda, Dist.: Agar, Madhya Pradesh, and other wind mills 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 generation and sale of power and electricity to various customers.
SKP Bearing Industries has over 30 years of experience of operating in India backed by its promoters Mr. Shrinand Kamlakar Palshikar and Ms. Sangita Shrinand Palshikar. Over the years it has developed expertise and upgraded it technology by adding several automatic and imported machineries and equipment to the plant, which has helped it boost its production capacity and the quality of its products.
For more information about the business, Click  www.skpbearings.com

Promoters of SKP Bearing 

Mr. Shrinand Kamlakar Palshikar and Ms. Sangita Shrinand Palshikar

SKP Bearing  : Objects of the IPO

To Meet Working Capital Requirements

Registered office of SKP Bearing 
SKP Bearing Industries Limited
Survey No. 2127,
Mulchand Road, Wadhwan 363 030,
Surendranagar
Company Secretary and Compliance Officer: Ms. Pooja Kamleshkumar Sharma

Lead Manager of SKP Bearing IPO Guidance
SHRENI SHARES PRIVATE LIMITED

SME IPO Financial & Analytical Ratios#
Earnings per Share 2019-20 Rs 5.42
Earnings per Share 2020-21 Rs 4.97
EPS up to 05.01.2022 Rs 6.27
Return on Net Worth: 19-20: 20.76 %
Return on Net Worth: 20-21 : 16.28 %
Book Value of the Share as on 31.03.22 Rs 30.53
Offer Price Rs. 70

IPO Peer Comparison:
NRB Bearings @ PE Multiple of 27.27
Menon Bearings @ PE Multiple of 21.57
Galaxy Bearings @ PE Multiple of 24.70
SNL Bearings @ PE Multiple of 16.37

Observation by Paresh Gordhandas ( Research Analyst )
For Guidance : Will be updated soon 

# This is only coverage of News related to Grey Market . We donot deal in Grey market premium or Subject to rates, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.