Scarnose International IPO GMP, Review, Price, Allotment

Scarnose International IPO GMP

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

Subscription Dates14 – 17 June 2022
Price BandINR55 per share
Fresh issue12,00,000 shares (INR6.60 crore)
Offer For SaleNil
Total IPO size12,00,000 shares (INR6.60 crore)
Minimum bid (lot size)2,000 shares
Face Value INR10 per share
Retail Allocation50%
Listing OnBSE SME

Scarnose International Financial Performance

Net income2.8122.5133.42
Figures in INR Lakhs unless specified otherwise

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

DateScarnose International IPO GMPKostakSubject to Sauda

Scarnose International IPO Subscription – Live Updates

Shares Offered6,00,0006,00,00012,00,000
Day 10.420.550.49
Day 20.510.880.69
Day 42.092.342.22
Subscription figures in number of times, at 5 PM

Scarnose International Offer Registrar

Cameo Corporate Services Limited
Subramanian Building,
#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 Date14 June 2022
IPO Closing Date17 June 2022
Finalisation of Basis of Allotment22 June 2022
Initiation of refunds23 June 2022
Transfer of shares to demat accounts24 June 2022
Listing Date27 June 2022
Opening Price on BSE SMEINR55.5 per share (up 0.91% from IPO price)
Closing Price on BSE SMEINR56.15 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.


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