Issue Price
₹55
Per Share
GMP
NIL
Grey Market
Est. Listing
₹55
Expected Price
Min. Application
₹220,000
2 lots × 2000 shares
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 teamSmooth flow of operationsWell-defined organizational structureExisting Supplier RelationshipQuality PolicyCustomer Centric Business Model
Scarnose International Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| Market Maker | 60,000 | — | ₹0.33 Cr | — |
| TOTAL | 1,200,000 | 100.00% | ₹6.60 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹110,000 |
| Retail (Max) | 13 | 26,000 | ₹1,430,000 |
| sNII (Min) | 14 | 28,000 | ₹1,540,000 |
| bNII (Min) | 68 | 136,000 | ₹7,480,000 |
| Particulars | 31-Mar-20 | 31-Mar-21 | 31-Mar-22 |
|---|---|---|---|
| Revenue from Operations | 1204.56 | 3255.72 | 9593.02 |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | 2.81 | 22.51 | 33.42 |
| Net Worth | 4.05 | 190.55 | 339.00 |
| Total Assets | 1204.91 | 457.80 | 1242.25 |
| Reserves & Surplus | 3.04 | 148.55 | 143.98 |
| Total Borrowings | N/A | N/A | N/A |