IPO Issue Details
Issue Price / Price Band₹150 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size1,000 Shares per Lot
Total Issue Size8,88,000 shares (aggregating up to ₹13.32 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital-cum-Offer for Sale
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenTue, 09 Jan 2018
Subscription CloseThu, 11 Jan 2018
Anchor AllotmentMon, 08 Jan 2018
Basis of AllotmentWed, 17 Jan 2018
Initiation of RefundsThu, 18 Jan 2018
Credit of Shares to DematThu, 18 Jan 2018
Listing DateFri, 19 Jan 2018
UPI Mandate Deadline2018-01-11
Application & Investment Details
Retail — Min (1 Lots)₹1,50,000 — 1,000 shares
Retail — Max (13 Lots)₹1,950,000 (13 Lots)
HNI — Min (2 Lots)₹3,00,000 — 2,000 shares
Net Offer to Public8,40,000 shares (aggregating up to ₹12.60 Cr)
Reserved for Market Maker48,000 shares (aggregating up to ₹0.7200 Cr)
Pre-IPO Promoter Holding28,21,437 shares
Post-IPO Promoter Holding32,59,437 shares
Fresh Issue Shares3,90,000 shares (aggregating up to ₹5.85 Cr)
Offer for Sale Shares4,50,000 shares of ₹10 (aggregating up to ₹6.75 Cr)
About S K S Textiles Ltd.
Incorporated in 1997, S K S Textiles Limited is Mumbai-based ISO 9000:2015 certified Company engaged in the business of Textile Manufacturing and Trading. SKS Textiles manufacture grey fabrics and finished fabrics for shirting, suiting, and other accessories for its own brand and also on outsourcing basis for other fabric / garment companies.Company manufacture various fabrics like 100% Cotton - Lycra and Non-Lycra, Blended Cotton Suiting – Chief Value Cotton, Polyester Cotton, 100% Cotton Yarn Dyed , Polyester Viscose, Terry Rayon Suiting and Mock Linen under its brand names – Pierricarrlo, Cotbbelly’s and Earthen Belly. Company also undertakes corporate orders for Finished Fabrics and Grey Fabrics for corporate brands such as Raymond, Arvind, Siyaram’s, Digjam Limited, etc.SKS Textiles manufacturing unit is located at Sonale, Bhiwandi in Maharashtra. Company also have a Packing and Storage unit at Kalher, Bhiwandi in Maharashtra.
Objects of the Issue
S K S Textiles Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Funding Long Term Working Capital Requirement
5.29
2
2 Expenditure for General Corporate Purposes
0.94
Shareholding & Lock-in
Pre-IPO Promoter Holding
28,21,437 shares
Post-IPO Promoter Holding
32,59,437 shares