Let’s have a detailed review of the company and analytics of the Scarnose International IPO release date, IPO offer price, subscription, Scarnose International Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.

Face ValueRs 10
Price BandRs 50
Listing AtNSE Emerge
Min. Order QuantityNA
Listing DateNA
Offer for SaleRs Lakh
Fresh IssueRs Lakh
IPO SizeRs 600 Lakh
Tick Size1

Scarnose International IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.


Scarnose International IPO – Summary

Scarnose International IPOTheir company was established in the year 2011 as a Private Limited Company with the basic object of Trading of agriculture commodities. Till March 2019, there was no major business activity in the company.

However, after that they explored the opportunities in the cotton industry and looking at the bright prospects, they started business of trading of Raw Cotton, Cotton Bales, Yarn and manufacturing of Ladies Kurtis and Dress Materials through outsourcing model. Their company had started its business operation effectively from financial year 2019-20.

The Promoter of this company is Mr. SHAH VIMALKUMAR MISHRILAL AND Mr. HITESH LOONIA. The lead manager to the issue is FINSHORE MANAGEMENT SERVICES LIMITED, and the Registrar to this issue is CAMEO CORPORATE SERVICES LIMITED.


Scarnose International IPO Date

The opening and the closing date of Scarnose International IPO are not available yet.


Scarnose International IPO Subscription

Day / DateQIBNIIRIITotal Subscription
1st Day – 
2nd Day –  
3rd Day – 
Shares Offered or Net Issue

The shares subscribed by the public will be updated here.

Check Scarnose International IPO LIVE Subscription

  • Scarnose International IPO LIVE Bid details on BSE
  • Scarnose International IPO LIVE Bid details on NSE

For the Latest Bid details click on the above links.


Scarnose International IPO Allotment Status

Here, you can find the Allotment Status of this IPO.

Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.

Scarnose International Limited IPO Listing Date

Find the dates below on basis of allotment, refund, listing, and more:

Basis of Allotment Finalization
Refunds Initiation
Credit of Shares to Demat Account
Share Listing Date

Scarnose International IPO Price

The face value of each share is Rs.10, but the price band of the IPO is Rs.50 


Scarnose International IPO Size

This Initial Public Issue of 12,00,000 Equity Shares of Rs.10 each for cash at a price of Rs.50  per equity share aggregating to Rs.600 Lakh.


Scarnose International IPO Share Offering

Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of [●] Equity Shares of Rs.10/ each.

Issue Size: 12,00,000 Equity Shares of Rs.10 each, aggregating to Rs.600 Lakh


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    Scarnose International IPO – Live Performance

    The listing date of this IPO is [●]. You can check the live performance of the IPO here, only after it is listed on exchanges.

    Live IPO Performance – Scarnose International Share Price

    Scarnose International IPO Grey Market Premium

    The Scarnose International Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. 


    Scarnose International IPO – Company Overview

    Their Company procures cotton bales from different ginners (A person who operates a Cotton gin i.e., a Cotton engine which quickly and easily separates cotton fibers from their seeds enabling much greater productivity than manual cotton separation) where-by they provide them cotton in the form of bales.

    The promoters had existing relationship with many mills and factories and tied up with them, wherein the Company sales cotton bales to them. Most of the clients of their Companies are ginners and cotton factories. They provide Cotton Bales in varied specifications and at economical prices.

    Their Company is owned and managed by professionally qualified person namely Mr. Vimal Shah and Mr. Hitesh Loonia. Mr. Vimal Shah is one of the Promoter cum Managing Director of the Company and is a qualified Chartered Accountant and Cost Accountant and having experience of more than a decade in business and finance.

    He looks towards overall business of the Company including procurement and selling of cotton bales, exploring new vendors and items


    Scarnose International IPO – Financial Statements

    A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:

    Financial Summary:

    Amount (in INR & Lakh)
    30-Sep-2131-Mar-21Mar-20Mar-19
    Total Assets18,38,98,6254,57,80,09812,04,91,1701,49,084
    *Total Revenue41,14,80,86332,55,72,78812,04,56,870
    Total Expense40,78,26,18232,25,63,79412,00,81,684
    Profit After Tax25,63,59822,50,9882,81,186

    Earnings per Equity Share (in Lakh)

    30-Sep-2131-Mar-21Mar-20Mar-19
    Basic & Diluted1.3541.0428.12

     

    Further, their PAT for the period ended on March 31, 2021, and March 31, 2020, were Rs. 22,50,988, and Rs. 2,81,186 respectively.


    Scarnose International IPO – Promoters

    The Promoter of this company is:

    1. Mr. SHAH VIMALKUMAR MISHRILAL
    2. Mr. HITESH LOONIA

    List of Related Parties (Key Managerial Personnel)

    • Shah Vimalkumar Mishrilal, Managing Director
    • Dakshita Dadhich, Non-Executive Director
    • Kunjal Jayantkumar Soni, Independent Director
    • Hemal Patel, Independent Director

    Scarnose International IPO – Promoters Holding

    • Pre Issue Share Holding – %
    • Pos Issue Share Holding – %

    Scarnose International IPO Offer Details or Issue Details

     Particulars No. Of Equity Shares
     Equity Shares Offered Up to 12,00,000 Equity Shares aggregating up to Rs.600 Lakh
    of which:
    Issue Reserved for the Market MakersUp to 60,000 Equity Shares aggregating up to Rs.30 Lakh
    Net Issue to the PublicUp to 11,40,000 Equity Shares aggregating up to Rs.570 Lakh
    Of which:
    Retail Investors Portion Not less than 5,70,000 Equity Shares
    Other than Retail Individual InvestorsNot more than 5,70,000 Equity Shares
     Equity Shares outstanding prior to the Issue19,50,150 Equity Shares
     Equity Shares outstanding after the Issue31,50,150 Equity Shares

    Scarnose International IPO Issue Object

    Their Company proposes to utilize the Net Proceeds towards funding the following objects:

    1. Purchase of Building for setting up of new manufacturing unit
    2. Purchase of Plant & Machineries
    3. Interior work for display centre and corporate office
    4. To meet the working capital requirements
    5. To meet the Issue Expenses
    6. General Corporate Purposes

    Scarnose International IPO – Business Strategy

    • Focus on Increase in Volume of Sales
    • Creativity and trending designer idea
    • Reduction of operational costs and achieving efficiency
    • Quality Assurance
    • Leverage and enhance their goodwill in the market
    • Leveraging their Market skills and Relationships

    Scarnose International IPO – Basis of Offer Price

    The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

    Qualitative factors are:

    • Established and proven track record;
    • Leveraging the experience of their Promoters;
    • Experienced management team and a motivated and efficient work force;
    • Cordial relations with their customers
    • Quality Assurance & Control

    The relevant quantitative factors are:

    Basic & Diluted EPSRONW (%)NAV (Rs.)
    31-Mar-2141.0411.8145.37
    31-Mar-2028.1269.51
    Mar-19Nil

    Scarnose International IPO: Competitive Peers

    Face Value (Rs.)P/EEPS  (Rs.)Return on Net Worth (%)Total NAV (Rs.)
    Scarnose International Limited103.6613.6811.8115.12
    Listed Peers
    Pioneer Embroideries Ltd108.407.40NA43.00
    Hisar Spinning Mills Ltd109.903.90NA34.30
    Dhanalaxmi Roto Spinners Ltd109.0010.40NA55.70
    Vippy Spinpro Ltd1019.006.60NA82.00

    Scarnose International IPO Lead Managers

    Lead Managers
    FINSHORE MANAGEMENT SERVICES LIMITED
    Anandlok Building, Block-A, 2nd Floor, Room No. 207,
    227 A.J.C Bose Road, Kolkata-700020, West Bengal
    Telephone: 033 – 22895101
    Email: ramakrishna@finshoregroup.com
    Contact Person: Mr. S. Ramakrishna Iyengar
    Website: www.finshoregroup.com
    Investor Grievance Email: info@finshoregroup.com
    SEBI Registration No: INM000012185
    CIN No: U74900WB2011PLC169377

    Scarnose International IPO Registrar to offer

    Registrar to the Offer
    CAMEO CORPORATE SERVICES LIMITED
    “Subramanian Building”, #1, Club House Road,
    Chennai – 600 002, India
    Telephone: +91-44-40020700, 28460390
    Facsimile: +91-44-28460129
    Email: investor@cameoindia.com
    Contact Person: Mr. R.D. Ramasamy, Director
    Website: www.cameoindia.com
    SEBI Registration Number: INR000003753
    CIN No: U67120TN1998PLC041613

    Scarnose International IPO – Other Details

    • Statutory Auditor – M/s. J S Maheshwari & Co., Chartered Accountants
    • Legal Counsel to the Company – NA
    • Bankers to the Company –  NA


    Scarnose International IPO Review by Stock Brokers

    Top Stock Brokers ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
    Angel Broking7.5/107.4/108.5/108.1/107.1/10
    Sharekhan7.2/107.1/108.6/108.1/107.2/10
    Kotak Securities7.3/107.5/108.4/108.1/107.3/10
    ICICI Direct7.3/107.3/108.7/108.1/107.1/10
    IIFL7.5/107.2/108.8/108.0/107.1/10
    Edelweiss7.5/107.4/108.4/108.3/107.2/10
    Zerodha7.4/107.1/108.5/108.1/107.0/10
    5Paisa7.1/107.1/108.4/108.1/107.1/10
    Karvy7.4/107.3/108.2/108.1/107.1/10
    Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

     


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      Scarnose International Limited IPO News

      News 1 – IPO DRHP Download

      News 2 – IPO RHP Prospectus Download


      Scarnose International IPO Review FAQs

      Ques – What is the Issue Size of Scarnose International IPO?

      Answer – The Company is making an initial public offer of 12,00,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.

      Ques – What is the Issue Price of Scarnose IPO?

      Answer – The price band for this particular IPO ranges between Rs 50. As far as the face value of the share is of concern, it is Rs.10 per share.

      Ques – What is the Scarnose International IPO Open Date?

      Answer – The opening and closing dates for this IPO have been updated. The IPO is set to open on NA, while the closing date is set at NA.

      Ques – What is the Scarnose IPO Allotment Date?

      Answer – They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on NA, refund initiation is on NA, credit of shares is on NA, and share listing date is on NA.

      Ques – What is the Scarnose International IPO Listing Date?

      Answer – Shares of this company shall be listed in the exchanges NA. The date, when the listing would be done, is stagnant on NA.

      Ques – Who is the Registrar of Scarnose International IPO?

      Answer – One of the reputed registrars is managing the issue of this IPO, i.e. CAMEO CORPORATE SERVICES LIMITED. Their website will help you regarding the further information you are on the lookout for.

      Ques – Who is the Promoter of Scarnose IPO?

      Answer – Here are the promoters of this IPO – Mr. SHAH VIMALKUMAR MISHRILAL AND Mr. HITESH LOONIA. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.

      Ques – What is GMP of Scarnose IPO?

      Answer – They have obtained the GMP of this IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.

      Ques – Is Scarnose International IPO good for Investment?

      Answer – They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.

      Ques – What is the PAT of Scarnose International Company?

      Answer – They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2021 in Lakh is 22,50,988, and 2020 is 2,81,186. PAT from Sep 2021 is 25,63,598.


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