Sme Sks Textiles Ipo

Sme sks textiles ipo

SKS Textiles Ltd: SME IPO opens 9-11 January 2018

Business description – SKS Textiles manufactures various fabrics like 100% Cotton – Lycra and Non-Lycra, Blended Cotton Suiting – Chief Value Cotton, Polyester Cotton, 100% Cotton Yarn Dyed , Polyester Viscose, Terry Rayon Suiting and Mock Linen under its brand names – Pierricarrlo, Cotbbelly’s and Earthen Belly.

The company also undertakes corporate orders for Finished Fabrics and Grey Fabrics for corporate brands such as Raymond, Arvind, Siyaram’s, Digjam Limited, etc. Some of its manufactured products require certain processing like dyeing, value additions etc.

Sme sks textiles ipo

which are outsourced to third parties and the finished goods from such third parties are directly sent to its Packing and Storage unit. The manufacturing unit is located at Sonale, Bhiwandi in Maharashtra and majority of the manufactured goods are dispatched from this unit itself.

Sme sks textiles ipo

It also has a Packing and Storage unit at Kalher, Bhiwandi in Maharashtra and it dispatches the traded goods and certain outsourced processed goods from this unit.

It has a dedicated in-house Testing and Quality Control Team which undertakes rigorous testing and quality management. SKS Textiles has dedicated semi-automatic and manual testing machines.

Promoters of SKS Textiles – Mr Sukanraj Shah, Mr Vicky Shah, Mr Sahil Shah and Sukanraj Bhabhutmal Shah HUF
SKS Textiles IPO details
Subscription Dates9 – 11 January 2018
IPO Price bandINR150 per share
Fresh issue 438,000 shares (INR6.57 crore)
Offer for sale 450,000 shares (INR6.75 crore)
Total IPO size888,000 shares (INR13.32 crore)
Minimum bid (lot size)1,000 shares
Face Value INR10 per share
Retail Allocation50%
Listing OnNSE Emerge SME platform
Use of funds
  • Funding Long Term Working Capital Requirement – INR5.28 crore
  • Expenditure for General Corporate Purposes – INR0.93 crore
SKS Textiles’ consolidated financial performance (in INR crore)
FY2013FY2014FY2015FY2016FY2017H1FY2018
Total revenue112.9120.4131.8147.8158.775.2
Total expenses111.4118.8130.2145.2156.173.5
Profit after tax0.81.11.11.41.61.1

SKS Textiles Limited
Gala No.

431, Kewal Industrial Estate
4th Floor, Senapati Bapat Marg
Lower Parel (W), Mumbai – 400 013

Phone: +91 22 6120 6222
Email:[email protected]
Website: www.groupsks.com

DaySubscription (no.

Sme sks textiles ipo

of times)

Day 10.59
Day 21.78
Day 314.19

Earnings Per Share (EPS): INR5.71

Price/Earnings (P/E) ratio: 26.27

Return on Net Worth (RONW): 5.46%

Net Asset Value (NAV): INR104.5 per share

Sharex Dynamic (India) Private Limited 
Unit- 1, Luthra Industrial Premises, Safed Pool,
Andheri Kurla Road, Andheri (E),
Mumbai- 400 072

Phone: +91 22 2851 5606 
Fax: 
+91 22 2851 2885 
Email:
[email protected]
Website: www.sharexindia.com

SKS Textiles IPO allotment status will be available on Sharex Dynamic’s website.

Click on this linkto get allotment status.

IPO Opening Date: 9 January 2018

IPO Closing Date: 11 January 2018

Finalisation of Basis of Allotment: 16 January 2018

Initiation of refunds: 18 January 2018

Transfer of shares to demat accounts: 18 January 2018

Listing Date: 19 January 2018

Listing Price on NSE SME: INR149.9 per share (down 0.1% from IPO price)

Closing Price on NSE SME: INR133.35 per share (down 11.1% from IPO price)

Sme sks textiles ipo