Scarnose International Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 570,000 (48%) | — | ₹314 Cr |
| Retail | — | 570,000 (48%) | — | ₹314 Cr |
| Market Maker | — | 60,000 (5%) | — | ₹3 Cr |
| Σ Total | — | 1,200,000 (100%) | — | ₹6,600 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹110,000 |
| Retail (Max) | 13 | 26,000 | ₹1,430,000 |
| S-HNI (Min) | 14 | 28,000 | ₹1,540,000 |
| B-HNI (Min) | 67 | 134,000 | ₹7,370,000 |
Financial Statements Amount in Lakhs
| Metric | 31-Mar-20 | 31-Mar-21 | 31-Mar-22 |
|---|---|---|---|
| Revenue | 1,205 | 3,256 | 9,593 |
| Profit After Tax | 3 | 23 | 33 |
| Net Worth | 4 | 191 | 339 |
| Total Assets | 1,205 | 458 | 1,242 |
| Reserves & Surplus | 3 | 149 | 144 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- To meet the working capital requirements. –
- To make the repayment of Unsecured Loan. –
- To meet the Issue Expenses. –
- General Corporate Purposes. –
Company Overview
Incorporated in 2011, Scarnose International Limited manufactures and trades agricultural commodities such as cotton trading, garment manufacturing, yarn trading, and fabric trading. The company has a network of printing, weaving, and stitching units. Scarnose International procures cotton bales from different generous and offers the best quality cotton bales to the principal markets of India. Scarnose International Limited's product portfolio includes raw cotton, cotton bales, yarn and garments for ladies.
The company started manufacturing ladies' dress materials, particularly Kurtis, through an outsourcing model in the financial year 2021 and selling them under their domestic brand "Scarnose".
The company buys raw materials from a variety of suppliers, such as embroidered fabric accessories, fasteners, buttons, labels, laces, and other consumables, and then the manufacturing facility begins cutting, sewing, finishing and ironing them into finished products.
Competitive Strengths:
- Rich management experience and skilled team
- Smooth flow of operations
- Well-defined organizational structure
- Existing Supplier Relationship
- Quality Policy
- Customer Centric Business Model