SK International IPO description – SK International was established in year 1991 as partnership firm in international exports of scarves and beachwear. The company mainly caters to European market i.e. Spain, Germany, France, Netherlands, UK and started selling in US market since 2018 onwards and also entered into the domestic market. The company makes women and mens apparels like scarves, shawls, sarongs, headband & bandanas and Beachwear garments in all qualities like silk, viscose, cotton, polyester & wool and several blends.
From 2018, the company entered into manufacturing for several retail brands in the domestic market by creating new designs as per local market for its main core product scarves. It also entered in the ethnic wear category by developing trendy duppatas at affordable prices.
It has also entered into the Kids segment with its own domestic brand Sand Kastle for Beachwear/Holiday wear garments, and fashion accessories. Its raw material sourcing is from all over India thus sourcing provides a huge variety of fabrics and trims at best possible prices thus keeping our costs low. The company has in-house production facilities like sewing, cutting, ironing, finishing, quality control, packing & dispatch. A major portion of its product is manufactured at in-house factory at Virar (Palghar).
SK International promoters – Mr Shrawankumar P Sadh and Mr Hitesh Shrawankumar Sadh
| SK International – Upcoming IPO details | |
| Subscription Dates | 28 June – 5 July 2019 |
| IPO Price band | INR20 per share |
| Fresh issue | 1,980,000 shares (INR3.96 crore) |
| Offer for sale | Nil |
| Total IPO size | 1,980,000 shares (INR3.96 crore) |
| Minimum bid (lot size) | 6,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME platform |
SK International IPO: Use of funds
- Working capital requirements – INR3.01 crore
- General corporate purposes – INR0.70 crore
- Issue Expenses – INR0.25 crore
| SK International Export’s financial performance (in INR crore) | ||||||
| FY2016 | FY2017 | FY2018 | 10M FY2019 | |||
| Total revenue | 9.35 | 9.39 | 9.66 | 4.03 | ||
| Total expenses | 9.23 | 8.92 | 8.90 | 3.80 | ||
| Profit after tax | 0.11 | 0.34 | 1.53 | 0.18 | ||
SK International Contact Details
SK International Export LimitedÂ78, Ground, A2, Shah & Nahar Industrial Estate
Sitaram Jadhav Marg, Lower Parel
Mumbai – 400013 Phone: +91 022 6660 6450
Email: [email protected]
Website:Â www.skinternational.in
SK International IPO Subscription Details
| Day | Subscription (no. of times) |
| Day 1 |
0.03 |
| Day 2 |
0.09 |
| Day 3 |
0.10 |
| Day 4 |
0.37 |
| Day 5 |
0.87 |
| Day 6 | 1.19 |
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SK International Valuation (For FY2018)
Earnings Per Share (EPS): INR2.96
Price/Earnings (P/E) ratio: 6.76
Return on Net Worth (RONW): 36.96%
Net Asset Value (NAV): INR8.01 per share
Registrar of SK International IPO
Karvy Fintech Private LimitedKarvy Selenium Tower B, Plot 31-32,
Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana Phone: +91 40 6716 2222Â
Fax:Â +91 40 2343 1551Â
Email: [email protected]
Website:Â www.karvycomputershare.com
SK International IPO Allotment Status
SK International IPO allotment status is now available on Karvy website. Click on this link to get allotment status.
Listing performance of SK International
IPO Opening Date: 28 June 2019
IPO Closing Date: 5 July 2019
Listing Date: 15 July 2019
Listing Price on BSE SME: INR19.2 per share (down 4% from IPO price)
Closing Price on BSE SME: INR20 per share (no change from IPO price)
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