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SKP Bearing Industries Ltd

Registered Office : Survey No 2127 Mulchand Road,Wadhwan,Surendranagar Gujarat 363030 Phone : 91-98242 31243
Fax :

Email : info@skpbearings.com

Website : www.skpbearings.com

Initial public offering of 44,00,000 equity shares of face value of Rs. 10 each ("Equity Shares") of SKP Bearing Industries Limited ("SKP" or "The Company" or "The Issuer") for cash at a price of Rs. 70 per equity share (including a premium of Rs. 60 per equity share) ("Offer Price") aggregating Rs. 30.80 crores comprising of fresh offer of 16,00,000 equity shares aggregating to Rs. 11.20 crores ("Fresh Offer") and an offer for sale of 28,00,000 equity shares by Mr. Shrinand Kamlakar Palshikar and Ms. Sangita Shrinand Palshikar ("Selling Shareholders") aggregating to Rs. 19.60 crores ("Offer for Sale") ("The Offer") of which 2,20,000 equity shares aggregating to Rs. 1.54 crores will be reserved for subscription by market maker ("Mmarket Maker Reservation Portion"). The offer less the market maker reservation portion i.e. offer of 41,80,000 equity shares of face value of Rs. 10 each at an offer price of Rs. 70 per equity share aggregating to Rs. 29.26 crores ("Net Offer"). The offer and the net offer will constitute 26.51% and 25.18% of the post-offer paid-up equity share capital of the company. The face value of the equity shares is Rs. 10 each and the offer price is 7 times of the face value.

Issue

Opens On

Closes On

30-Jun-2022

05-Jul-2022

Money Payable On

Application

Allotment

70.00

0.00

Minimum Application for shares in Nos : 2000.0 Further Multiples of : 2000.0

₹Cr

Lead Managers to the Issue

Project Cost (₹.Cr)

Project Financed through Current Offer (₹.Cr)

Post Issue Equity Share Capital (₹.Cr)

Issue Price (₹.Cr)

10.95

30.80

16.60

70.00

Shreni Shares Pvt Ltd

Projects

Funding working capital requirements

General corporate purposes

Promoted By

Shrinand Kamlakar Palshikar

Sangita Shrinand Palshikar

Listing At

NSE - SME

Registrar to the Issue

Bigshare Services Pvt Ltd