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SKP Bearing Industries Ltd
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Registered Office:
Survey No 2127 Mulchand Road,Wadhwan
,
Surendranagar
-
363030
,
Gujarat
, India.
Phone :
91-98242 31243 Fax:
Email : info@skpbearings.com
Website : www.skpbearings.com
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Initial public offering of 44,00,000 equity shares of face value of Rs10 each ("Equity Shares") of SKP Bearing Industries Limited ("SKP" or "The Company" or "The Issuer") for cash at a price of Rs70 per equity share (including a premium of Rs60 per equity share) ("Offer Price") aggregating Rs30.80 crores comprising of fresh offer of 16,00,000 equity shares aggregating to Rs11.20 crores ("Fresh Offer") and an offer for sale of 28,00,000 equity shares by Mr. Shrinand Kamlakar Palshikar and Ms. Sangita Shrinand Palshikar ("Selling Shareholders") aggregating to Rs19.60 crores ("Offer for Sale") ("The Offer") of which 2,20,000 equity shares aggregating to Rs1.54 crores will be reserved for subscription by market maker ("Mmarket Maker Reservation Portion"). The offer less the market maker reservation portion i.e. offer of 41,80,000 equity shares of face value of Rs10 each at an offer price of Rs70 per equity share aggregating to Rs29.26 crores ("Net Offer"). The offer and the net offer will constitute 26.51% and 25.18% of the post-offer paid-up equity share capital of the company.
The face value of the equity shares is Rs10 each and the offer price is 7 times of the face value.
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Opens On
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Closes On
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Application
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Allotment
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30-Jun-22
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05-Jul-22
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Rs 70.00-0.00
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Rs 0.00-0.00
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Minimum Application for shares in Nos :2000 Further
Multiples of :2000
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(Rs Cr)
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Lead Managers to the Issue
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Project Cost
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10.95
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Project Financed through Current Offer
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30.80
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Post Issue Equity Share Capital
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16.60
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Issue Price
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Rs 70.00
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