Scarnose International IPO description – The company was established in 2011 with the basic objective of trading of agriculture commodities. However, it started focusing in the business of trading of raw cotton, cotton bales, yarn from the year 2020 and also diversified into manufacturing of Ladies Kurtis and Dress Materials through outsourcing model from the year 2021. The company sells its kurtis under “Scarnose” brand.
In the trading business, the company procures cotton bales from different ginners where-by they provide cotton in the form of bales. The promoters have existing relationship with many mills and factories and tied up with them, wherein Scarnose International sells cotton bales to them. Most of its clients are ginners and cotton factories. The company provides cotton bales in varied specifications and at price points.
The company places orders for raw material requirements, which comprise of finished fabric, accessories such as fasteners, buttons, labels, laces and other consumables. It purchases the finished fabric and other raw materials from variety of suppliers. On receipt of the fabric and raw materials, its quality assurance team conducts a preproduction inspection and following required approval, the manufacturing facility commences production, which involves cutting, sewing, finishing, and ironing.
Promoters of Scarnose International – Mr Shah Vimalkumar Mishrilal and Mr Hitesh Loonia
- Scarnose International IPO Details
- Scarnose International Financial Performance
- Scarnose International Offer News
- Scarnose International Offer Valuation (as of FY2022)
- Scarnose International IPO GMP Daily Trend
- Scarnose International IPO Subscription – Live Updates
- Scarnose International Offer Registrar
- Scarnose International IPO Contact Details
- Scarnose International IPO Allotment Status
- Scarnose International IPO Timetable
- Scarnose International IPO FAQs
Scarnose International IPO Details
|Subscription Dates||14 – 17 June 2022|
|Price Band||INR55 per share|
|Fresh issue||12,00,000 shares (INR6.60 crore)|
|Offer For Sale||Nil|
|Total IPO size||12,00,000 shares (INR6.60 crore)|
|Minimum bid (lot size)||2,000 shares|
|Face Value||INR10 per share|
|Listing On||BSE SME|
Scarnose International Financial Performance
Scarnose International Offer News
Scarnose International Offer Valuation (as of FY2022)
Earnings Per Share (EPS): INR1.76
Pre-IPO Price/Earnings (PE ratio): 31.17
Return on Net Worth (RONW): 9.86%
Net Asset Value (NAV): INR17.38 per share
Scarnose International IPO GMP Daily Trend
|Date||Scarnose International IPO GMP||Kostak||Subject to Sauda|
Scarnose International IPO Subscription – Live Updates
Scarnose International Offer Registrar
Cameo Corporate Services Limited
#1, Club House Road,
Chennai – 600 002, India
Phone: +91-44-40020700, 28460390
Email: [email protected]
Scarnose International IPO Contact Details
Scarnose International Limited
503, Sun Square, Nr Hotel Nest,
Off C. G. Road, Navrangpura,
Ahmedabad – 380006, Gujarat
Phone: 079 – 4897 5503
Email: [email protected]
Scarnose International IPO Allotment Status
Scarnose International IPO allotment is now available on Cameo Corporate Services’ website. Click on this link to get allotment status.
Scarnose International IPO Timetable
|IPO Opening Date||14 June 2022|
|IPO Closing Date||17 June 2022|
|Finalisation of Basis of Allotment||22 June 2022|
|Initiation of refunds||23 June 2022|
|Transfer of shares to demat accounts||24 June 2022|
|Listing Date||27 June 2022|
|Opening Price on BSE SME||INR55.5 per share (up 0.91% from IPO price)|
|Closing Price on BSE SME||INR56.15 per share (up 2.09% from IPO price)|
Scarnose International IPO FAQs
What is Scarnose International offer size?
Scarnose International offer size is INR6.6 crore.
What is Scarnose International IPO Price Band?
Scarnose International public offer price is INR55 per share.
What is the lot size of Scarnose International IPO?
Scarnose International offer lot size is 2,000 shares.
What is Scarnose International IPO GMP today?
Scarnose International IPO GMP today is NA per share.
What is Scarnose International kostak rate today?
Scarnose International kostak rate today is NA per application.
What is Scarnose International Subject to Sauda rate today?
Scarnose International Subject to Sauda rate today is NA per application.