SKP Bearing IPO GMP, Review, Price, Allotment

SKP Bearing IPO description – The company is a manufacturer of needle rollers, cylindrical rollers, pins and steel balls (together called Rolling Elements). The company supplies these rolling elements across India to reputed bearing manufactures and OEMs in domestic market in diverse industries such as textile, automobile, etc. It also exports rolling elements to international customers in Brazil, Argentina, UAE, etc.

Over the years, SKP Bearings has also ventured into power generation business by installing wind mill in year 2012-2013 at Survey No. 646, vill: Seth Vadala, Jamjodhpur, Jamnagar Forest Division, Gujarat with a commissioned capacity of 0.80 MW and is currently used for its captive consumption. It also has solar plant situated at Survey No. 25/M., Rojhana, Agar, Madhya Pradesh, and other wind mills situated at Survey No. 143/2, Jamuniameena, Mandsaur, Madhya Pradesh, and Village Rautwadi, Tal. Koregaon, District Satara, Maharashtra with a commissioned capacity of 0.63MW, 1.5 MW and 0.80 MW respectively for generation and sale of power and electricity to various customers.

Its manufacturing facility is located at Wadhwan, Surendranagar, Gujarat having a total area of approximately 16,160sq. mtrs. The facility has machineries installed for production of rollers for 600 million pcs, and manufacturing of balls for 480 tons.

Promoters of SKP Bearing – Mr Shrinand Kamlakar Palshikar and Ms Sangita Shrinand Palshikar

---

SKP Bearing IPO Details

Subscription Dates	30 June – 5 July 2022
Price Band	INR70 per share
Fresh issue	16,00,000 shares (INR11.20 crore)
Offer For Sale	28,00,000 shares (INR19.60 crore)
Total IPO size	44,00,000 shares (INR30.80 crore)
Minimum bid (lot size)	2,000 shares
Face Value	INR10 per share
Retail Allocation	50%
Listing On	NSE Emerge

---

SKP Bearing Financial Performance

	FY2019	FY2020	FY2021	As at 5 Jan 2022
Revenue	40.8	32.6	37.1	34.4
Expenses	27.1	21.6	26.6	21.4
Net income	9.9	8.1	7.5	9.4

---

SKP Bearing Offer News

• SKP Bearing RHP
• SKP Bearing Draft Prospectus

---

SKP Bearing Offer Valuation (as of FY2021)

Earnings Per Share (EPS): INR4.97
Pre-IPO Price/Earnings (PE ratio): 14.08
Return on Net Worth (RONW): 16.28%
Net Asset Value (NAV): INR30.53 per share

---

SKP Bearing IPO GMP Daily Trend

Date	SKP Bearing IPO GMP	Kostak	Subject to Sauda

---

SKP Bearing IPO Subscription – Live Updates

Category	Non-retail	Retail	Total
Shares Offered	22,00,000	22,00,000	44,00,000
Day 1	1.42	0.51	0.97
Day 2	1.45	1.16	1.31
Day 3	1.63	2.68	2.16
Day 4	9.69	9.42	9.55

---

SKP Bearing IPO Lead Manager

Shreni Shares Private Limited
Office No. 102, 1st Floor,
Sea Lord CHS, Ram Nagar,
Borivali (West), Mumbai – 400 092
Phone: +91 22 2808 8456
Email: [email protected]
Website: www.shreni.in

---

SKP Bearing Offer Registrar

Bigshare Services Private Limited
1st Floor, Bharat Tin Works Building,
Makwana Road, Marol,
Andheri East, Mumbai – 400 059,
Maharashtra
Phone: +91 22 6263 8200
Email: [email protected]
Website: www.bigshareonline.com

---

SKP Bearing IPO Contact Details

SKP Bearing Industries Limited
Survey No. 2127, Mulchand Road,
Wadhwan – 363 030,
Surendranagar, Gujarat
Phone: +91 98242 31243
Email: [email protected]
Website: www.skpbearings.com

---

SKP Bearing IPO Allotment Status

SKP Bearing IPO allotment is now available on Bigshare Services’ website. Click on this link to get allotment status.

---

SKP Bearing IPO Timetable

IPO Opening Date	30 June 2022
IPO Closing Date	5 July 2022
Finalisation of Basis of Allotment	8 July 2022
Initiation of refunds	11 July 2022
Transfer of shares to demat accounts	12 July 2022
Listing Date	13 July 2022
Opening Price on NSE SME	INR73 per share (up 4.29% from IPO price)
Closing Price on NSE SME	INR72.45 per share (up 3.5% from IPO price)

---

SKP Bearing IPO FAQs