Scarnose International Limited IPO
BSE SME₹110,000 / 2000 Shares
Scarnose International Limited IPO Details
The Scarnose International Limited IPO price band is set between ₹55 per equity share, with a face value of ₹10 per share. The issue is managed by Cameo Corporate Services Limited, and the equity shares are proposed to be listed on the BSE SME.
The IPO date for subscription opens on 14 Jun, 2022 and closes on 17 Jun, 2022. Investors can check the allotment status on 23 Jun, 2022, while the listing date is tentatively scheduled for 27 Jun, 2022.
The total issue size is 1,200,000 shares of ₹10 , aggregating up to ₹6.60 Cr. Stay tuned for the latest Scarnose International Limited IPO review and GMP updates.
Scarnose International Limited IPO Review, Rating & Analysis
Scarnose International Limited IPO Review
NO REVIEWScarnose International Limited IPO Rating
Scarnose International Limited IPO Highlights
IPO Date
Jun 14, 2022 - Jun 17, 2022
Listing Date
27 Jun, 2022
Face Value
₹10 Per Equity Share
Price Band
₹55 per equity share
Lot Size
-
Fresh Issue
Shares
Offer for Sale
-
Listing At
BSE SME
Scarnose International Limited IPO Lot Size
The minimum market lot for Scarnose International Limited IPO is 2000 shares with an application amount of ₹1,10,000. Retail investors can apply for up to 1 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹1,10,000 |
| Retail (Max) | 1 | 2000 | ₹1,10,000 |
| S-HNI (Min) | 2 | 4000 | ₹2,20,000 |
| S-HNI (Max) | 9 | 18000 | ₹9,90,000 |
| B-HNI (Min) | 10 | 20000 | ₹11,00,000 |
Scarnose International Limited IPO Timeline
Issue Price
₹55 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE SMERegistrar
Cameo Corporate Services LimitedLead Manager
Finshore Management Services LimitedIssue Size
1,200,000 shares of ₹10 (aggregating up to ₹6.60 Cr)#Fresh Issue: 1,200,000 shares of ₹10 (aggregating up to ₹6.60 Cr)Scarnose International Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 22 | 12.42 | 95.93 | 0.33 | - | - | - |
| 31 Mar 21 | 4.57 | 32.55 | 0.23 | - | - | - |
| 30 Mar 20 | 12.04 | 12.04 | 0.028 | - | - | - |
All values are in ₹ Cr.
Promoters & Share Holding
Promoter(s) Name
- Mr. Shah Vimalkumar Mishrilal
- Mr. Hitesh Loonia
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 99.99% | 61.90% |
About Company
Scarnose International Limited manufactures and trades agricultural commodities such as cotton trading, garment manufacturing, yarn trading, and fabric trading. The company has a network of printing, weaving, and stitching units. Scarnose International procures cotton bales from different generous and offers the best quality cotton bales to the principal markets of India. Scarnose International Limited's product portfolio includes raw cotton, cotton bales, yarn and garments for ladies.
The company started manufacturing ladies' dress materials, particularly Kurtis, through an outsourcing model in the financial year 2021 and selling them under their domestic brand "Scarnose".
The company buys raw materials from a variety of suppliers, such as embroidered fabric accessories, fasteners, buttons, labels, laces, and other consumables, and then the manufacturing facility begins cutting, sewing, finishing and ironing them into finished products.
Scarnose International Limited IPO Subscription Details
| As on | QIB/NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 570,000 | 570,000 | 1,140,000 |
Day 1 -14-06-22 05:00 PM | 0.44 x | 0.58 x | 0.51 x |
Day 2 -15-06-22 05:00 PM | 0.54 x | 0.92 x | 0.73 x |
Day 3 -16-06-22 05:00 PM | 1.15 x | 1.27 x | 1.21 x |
Day 4 -17-06-22 05:00 PM | 2.09 x | 2.33 x | 2.21 x |
Frequently Asked Questions about Scarnose International Limited IPO IPO
When will Scarnose International Limited IPO open for subscription?
The Scarnose International Limited IPO opens on 14 Jun, 2022 and closes on 17 Jun, 2022.
What is the investors portion for Scarnose International Limited IPO?
The investors' portion for QIB is , NII is N/A, and Retail is 570000.
How to apply for Scarnose International Limited IPO?
You can apply for Scarnose International Limited IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Scarnose International Limited IPO?
The issue size of Scarnose International Limited IPO is approx ₹1,200,000 shares of ₹10 (aggregating up to ₹6.60 Cr)#Fresh Issue: 1,200,000 shares of ₹10 (aggregating up to ₹6.60 Cr) crores.
What is the price band of Scarnose International Limited IPO?
The price band for Scarnose International Limited IPO is ₹55 per equity share to ₹undefined.
What is the lot size of Scarnose International Limited IPO?
The minimum bid (lot size) for Scarnose International Limited IPO is N/A shares with an investment of approx ₹110,000 .
What is the allotment date of Scarnose International Limited IPO?
The allotment date for Scarnose International Limited IPO is 23 Jun, 2022.
What is the listing date of Scarnose International Limited IPO?
The listing date for Scarnose International Limited IPO is expected to be 27 Jun, 2022.
What is the GMP of Scarnose International Limited IPO?
The latest Grey Market Premium (GMP) for Scarnose International Limited IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.